Lightwave Logic, Inc. (LWLG)Basic Materials | Specialty Chemicals | Englewood, United States | NasdaqCM
4.06 USD
-0.24
(-5.691%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 4.13 +0.07 (1.724%) ⇧ (Oct. 14, 2026, 5:09 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 7:26 a.m. EDT
The investment case here is fundamentally broken despite the hype. The company is burning cash at an alarming rate, with operating cash flow of -$16.4 million and free cash flow of -$10.9 million, while posting negative returns on both assets and equity. The balance sheet is precarious, with debt-to-equity at 2.4 and a massive short interest of 10.57%, signaling deep skepticism among lenders and short sellers alike. While the gross margin looks pristine at 99%, the operating margin is a catastrophic -221%, meaning the company loses money on every dollar of sales before interest and taxes. The recent price surge appears to be driven entirely by speculative momentum and the hope of an AI/Nvidia narrative, rather than any operational reality. The statistical forecast model leans slightly negative for the next 45 days, which aligns with the dangerous disconnect between the inflated valuation (P/S of 3,000x) and the lack of profitability. This is a classic value trap where the market is pricing in a miracle that the fundamentals do not support. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.160310 |
| AutoARIMA | 0.173815 |
| AutoETS | 0.173960 |
| MSTL | 0.178429 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 0.74 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.273 |
| Excess Kurtosis | 0.06 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 2.402 |
| Revenue per Share | 0.002 |
| Market Cap | 625,919,040 |
| Forward P/E | -20.30 |
| Beta | 2.41 |
| Website | https://lightwavelogic.com |
As of Oct. 10, 2026, 7:26 a.m. EDT: Speculators are positioning aggressively for a massive upside move, evidenced by a 'Major OI Wall' of 2,600 contracts at the $36 strike and heavy volume at distant out-of-the-money strikes ($26, $36). Conversely, put writers are establishing a significant defensive wall at the $10 strike with 1,300 contracts, suggesting a belief that a crash below current levels is unlikely in the near term. Implied volatility is elevated at distant strikes, indicating high expectations for a binary event or a sharp rally.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.20185184 |
| Address1 | 369 Inverness Parkway |
| Address2 | Suite 350 |
| All Time High | 20.3 |
| All Time Low | 0.26 |
| Ask | 5.95 |
| Ask Size | 2 |
| Audit Risk | 10 |
| Average Daily Volume10 Day | 3,545,100 |
| Average Daily Volume3 Month | 2,996,381 |
| Average Volume | 2,996,381 |
| Average Volume10Days | 3,545,100 |
| Beta | 2.408 |
| Bid | 4.32 |
| Bid Size | 2 |
| Board Risk | 7 |
| Book Value | 0.676 |
| City | Englewood |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 4.06 |
| Current Ratio | 62.837 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 4.205 |
| Day Low | 3.89 |
| Debt To Equity | 2.402 |
| Display Name | Lightwave Logic |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,451,400 |
| Earnings Call Timestamp Start | 1,786,451,400 |
| Earnings Timestamp | 1,786,451,400 |
| Earnings Timestamp End | 1,794,486,600 |
| Earnings Timestamp Start | 1,794,486,600 |
| Ebitda | -23,129,276 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -24.656 |
| Enterprise To Revenue | 2,278.843 |
| Enterprise Value | 570,282,880 |
| Eps Forward | -0.2 |
| Eps Trailing Twelve Months | -0.17 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.8174 |
| Fifty Day Average Change | -1.7574 |
| Fifty Day Average Change Percent | -0.3020937 |
| Fifty Two Week Change Percent | -20.185184 |
| Fifty Two Week High | 18.71 |
| Fifty Two Week High Change | -14.65 |
| Fifty Two Week High Change Percent | -0.78300375 |
| Fifty Two Week Low | 2.84 |
| Fifty Two Week Low Change | 1.22 |
| Fifty Two Week Low Change Percent | 0.4295775 |
| Fifty Two Week Range | 2.84 - 18.71 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,147,786,200,000 |
| Float Shares | 152,431,332 |
| Forward Eps | -0.2 |
| Forward P E | -20.3 |
| Free Cashflow | -10,939,397 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 34 |
| Fullday Change | -0.17499971 |
| Fullday Change Percent | -4.0650344 |
| Fullday Price | 4.13 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.98934 |
| Gross Profits | 247,583 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01033 |
| Held Percent Institutions | 0.38033 |
| Implied Shares Outstanding | 154,167,255 |
| Industry | Specialty Chemicals |
| Industry Disp | Specialty Chemicals |
| Industry Key | specialty-chemicals |
| Ipo Expected Date | 2,021-09-01 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities. The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado. |
| Long Name | Lightwave Logic, Inc. |
| Market | us_market |
| Market Cap | 625,919,040 |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_10848805 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -23,564,476 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 813,232,270 |
| Number Of Analyst Opinions | 1 |
| Open | 4.12 |
| Operating Cashflow | -16,371,501 |
| Operating Margins | -221.9517 |
| Overall Risk | 7 |
| Phone | 720 340 4949 |
| Post Market Change | 0.07000017 |
| Post Market Change Percent | 1.7241422 |
| Post Market Price | 4.13 |
| Post Market Time | 1,792,012,144 |
| Previous Close | 4.305 |
| Price Hint | 4 |
| Price To Book | 6.005917 |
| Price To Sales Trailing12 Months | 2,501.165 |
| Profit Margins | 0.0 |
| Quick Ratio | 61.623 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.24499989 |
| Regular Market Change Percent | -5.6910543 |
| Regular Market Day High | 4.205 |
| Regular Market Day Low | 3.89 |
| Regular Market Day Range | 3.89 - 4.205 |
| Regular Market Open | 4.12 |
| Regular Market Previous Close | 4.305 |
| Regular Market Price | 4.06 |
| Regular Market Time | 1,792,008,001 |
| Regular Market Volume | 6,665,763 |
| Return On Assets | -0.22308001 |
| Return On Equity | -0.35419998 |
| Revenue Growth | 0.279 |
| Revenue Per Share | 0.002 |
| Sand P52 Week Change | 0.17004645 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 154,167,255 |
| Shares Percent Shares Out | 0.1737 |
| Shares Short | 26,785,441 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 24,239,711 |
| Short Name | Lightwave Logic, Inc. |
| Short Percent Of Float | 0.1744 |
| Short Ratio | 9.68 |
| Source Interval | 15 |
| State | CO |
| Symbol | LWLG |
| Target High Price | 10.0 |
| Target Low Price | 10.0 |
| Target Mean Price | 10.0 |
| Target Median Price | 10.0 |
| Total Cash | 95,910,960 |
| Total Cash Per Share | 0.622 |
| Total Debt | 2,503,789 |
| Total Revenue | 250,251 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.17 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 7.3558 |
| Two Hundred Day Average Change | -3.2958002 |
| Two Hundred Day Average Change Percent | -0.4480546 |
| Type Disp | Equity |
| Volume | 6,665,763 |
| Website | https://lightwavelogic.com |
| Zip | 80,112-6039 |