Lightwave Logic, Inc. (LWLG)Basic Materials | Specialty Chemicals | Englewood, United States | NasdaqCM
5.49 USD
-0.38
(-6.474%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 5.54 +0.05 (0.882%) ⇧ (Aug. 28, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:32 a.m. EDT
The investment case here is fundamentally broken. While the company boasts impressive gross margins of nearly 99%, it is hemorrhaging cash with operating losses exceeding $16 million and negative free cash flow. The balance sheet is a ticking time bomb; despite a low debt-to-equity ratio on paper, the equity value is so diluted that the ratio is misleading, and the company is burning through its cash reserves without generating revenue to sustain operations. The stock has suffered a brutal multi-year decline, dropping nearly 60% in the last year alone and failing to post a positive return for three consecutive years. This consistent downward trajectory confirms the market's verdict that the current business model is not sustainable. There is no dividend to provide income, and the recent price action shows no signs of stabilization. The heavy put activity in the options chain reflects a prudent stance against further deterioration rather than a speculative bet on recovery. Avoid this security until there is clear evidence of a turnaround in profitability and cash generation. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.110146 |
| AutoARIMA | 0.193005 |
| AutoETS | 0.193008 |
| MSTL | 0.212914 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 0.68 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.342 |
| Excess Kurtosis | -0.85 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Debt to Equity Ratio | 2.402 |
| Revenue per Share | 0.002 |
| Market Cap | 846,378,176 |
| Beta | 2.45 |
| Website | https://lightwavelogic.com |
As of Aug. 22, 2026, 3:32 a.m. EDT: Speculators are heavily positioned for downside protection, with significant open interest in out-of-the-money puts (strikes $3, $4, $9, $10, $30, $33) compared to calls. The put/call ratio is skewed towards hedging or betting on further declines, while call volume is concentrated near the money or at very distant strikes ($20-$36), suggesting limited conviction in a near-term rally despite some volatility spikes at extreme strikes.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.6488764 |
| Address1 | 369 Inverness Parkway |
| Address2 | Suite 350 |
| All Time High | 20.3 |
| All Time Low | 0.26 |
| Ask | 13.0 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 2,467,800 |
| Average Daily Volume3 Month | 4,079,596 |
| Average Volume | 4,079,596 |
| Average Volume10Days | 2,467,800 |
| Beta | 2.451 |
| Bid | 5.51 |
| Bid Size | 1 |
| Book Value | 0.676 |
| City | Englewood |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 5.49 |
| Current Ratio | 62.837 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 5.85 |
| Day Low | 5.47 |
| Debt To Equity | 2.402 |
| Display Name | Lightwave Logic |
| 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 | -32.555 |
| Enterprise To Revenue | 3,008.863 |
| Enterprise Value | 752,971,072 |
| Eps Trailing Twelve Months | -0.16 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.1664 |
| Fifty Day Average Change | -1.6764002 |
| Fifty Day Average Change Percent | -0.23392501 |
| Fifty Two Week Change Percent | 64.88764 |
| Fifty Two Week High | 18.71 |
| Fifty Two Week High Change | -13.219999 |
| Fifty Two Week High Change Percent | -0.706574 |
| Fifty Two Week Low | 2.84 |
| Fifty Two Week Low Change | 2.6499999 |
| Fifty Two Week Low Change Percent | 0.93309855 |
| Fifty Two Week Range | 2.84 - 18.71 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,147,786,200,000 |
| Float Shares | 151,934,913 |
| Free Cashflow | -10,939,397 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 34 |
| Fullday Change | -0.38 |
| Fullday Change Percent | -6.4736 |
| Fullday Price | 5.5384 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.98934 |
| Gross Profits | 247,583 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01228 |
| Held Percent Institutions | 0.37987998 |
| 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 | 846,378,176 |
| Market State | CLOSED |
| 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 | 904,961,786 |
| Open | 5.8 |
| Operating Cashflow | -16,371,501 |
| Operating Margins | -221.9517 |
| Payout Ratio | 0.0 |
| Phone | 720 340 4949 |
| Post Market Change | 0.048400402 |
| Post Market Change Percent | 0.8816103 |
| Post Market Price | 5.5384 |
| Post Market Time | 1,787,961,499 |
| Previous Close | 5.87 |
| Price Hint | 2 |
| Price To Book | 8.121302 |
| Price To Sales Trailing12 Months | 3,382.117 |
| 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 | -0.38 |
| Regular Market Change Percent | -6.4736 |
| Regular Market Day High | 5.85 |
| Regular Market Day Low | 5.47 |
| Regular Market Day Range | 5.47 - 5.85 |
| Regular Market Open | 5.8 |
| Regular Market Previous Close | 5.87 |
| Regular Market Price | 5.49 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 2,291,490 |
| Return On Assets | -0.22308001 |
| Return On Equity | -0.35419998 |
| Revenue Growth | 0.279 |
| Revenue Per Share | 0.002 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Shares Outstanding | 154,167,255 |
| Shares Percent Shares Out | 0.1489 |
| Shares Short | 22,959,302 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 22,567,809 |
| Short Name | Lightwave Logic, Inc. |
| Short Percent Of Float | 0.1495 |
| Short Ratio | 7.23 |
| Source Interval | 15 |
| State | CO |
| Symbol | LWLG |
| 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 | -0.16 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 7.1885 |
| Two Hundred Day Average Change | -1.6985002 |
| Two Hundred Day Average Change Percent | -0.23628019 |
| Type Disp | Equity |
| Volume | 2,291,490 |
| Website | https://lightwavelogic.com |
| Zip | 80,112-6039 |