(LWLG) Lightwave Logic - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5322751042

Stock: Electro-Optic Modulators, Polymer Photonic Circuits

Total Rating 38

Risk 45

Buy Signal -0.33

Specialty Chemicals » Specialty Chemicals
Age: 28.1y

Market Cap: 480m
Avg Trading Vol: 7.98M USD

ATR: 12.76%
Peers RS (IBD): 91.89

EPS (Earnings per Share)

EPS CAGR: 73.57%
EPS Trend: 4.8%

Qual. Beats: 0

Revenue

Rev. CAGR: 101.07%
Rev. Trend: -3.5%

Qual. Beats: 0

Risk 5d forecast
Volatility	119%
Relative Tail Risk	-9.20%

Reward TTM
Sharpe Ratio	1.05
Alpha	65.41

Character TTM
Beta	1.237
Beta Downside	1.159

Drawdowns 3y
Max DD	90.57%
CAGR/Max DD	-0.19

Description: LWLG Lightwave Logic January 01, 2026

Lightwave Logic, Inc. (NASDAQ: LWLG) develops electro-optic polymer materials and photonic devices-including modulators and polymer photonic integrated circuits-targeting fiber-optic data communications, telecommunications, and emerging optical-computing markets. The firm designs and synthesizes organic chromophores that enable high-speed electric-to-optical signal conversion and integrates multiple photonic functions on a single chip.

As of its latest 10-Q, LWLG reported FY 2023 revenue of roughly $2.5 million with a cash balance of $6.2 million, giving it ~12 months of runway at its current burn rate. The specialty-chemicals segment is benefitting from a projected 8 % CAGR in global data-center bandwidth demand and a parallel 5-year CAGR of ~10 % in optical-network-equipment spending, both of which underpin the long-term addressable market for polymer-based modulators.

For a deeper quantitative view of LWLG’s valuation metrics and how they compare to sector peers, you might find ValueRay’s analyst dashboard a useful next stop.

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income: -21.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.33 > 0.02 and ΔFCF/TA 16.54 > 1.0
NWC/Revenue: 34.1k% < 20% (prev 23.3k%; Δ 10.8k% < -1%)
CFO/TA -0.30 > 3% & CFO -13.6m > Net Income -21.0m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 31.06 > 1.5 & < 3
Outstanding Shares: last quarter (129.6m) vs 12m ago 7.23% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.25% > 50% (prev 0.30%; Δ -0.06% > 0%)
Interest Coverage Ratio: -149.0 > 6 (EBITDA TTM -19.1m / Interest Expense TTM -141.9k)

Altman Z'' -15.00

A: 0.77 (Total Current Assets 35.5m - Total Current Liabilities 1.14m) / Total Assets 44.8m
B: -3.70 (Retained Earnings -165.9m / Total Assets 44.8m)
C: -0.52 (EBIT TTM -21.1m / Avg Total Assets 41.0m)
D: -67.53 (Book Value of Equity -165.7m / Total Liabilities 2.45m)
Altman-Z'' Score: -81.42 = D

Beneish M -2.88

DSRI: 1.50 (Receivables 35.8k/26.8k, Revenue 100.6k/113.2k)
GMI: 1.00 (fallback, negative margins)
AQI: 0.97 (AQ_t 0.03 / AQ_t-1 0.03)
SGI: 0.89 (Revenue 100.6k / 113.2k)
TATA: -0.17 (NI -21.0m - CFO -13.6m) / TA 44.8m)
Beneish M-Score: -2.88 (Cap -4..+1) = A

What is the price of LWLG shares?

As of February 07, 2026, the stock is trading at USD 3.29 with a total of 2,193,381 shares traded.
Over the past week, the price has changed by -0.30%, over one month by -15.21%, over three months by -34.85% and over the past year by +83.80%.

Is LWLG a buy, sell or hold?

Lightwave Logic has no consensus analysts rating.

What are the forecasts/targets for the LWLG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	2.7	-17.6%
Analysts Target Price	2.7	-17.6%
ValueRay Target Price	3.5	5.8%

LWLG Fundamental Data Overview February 02, 2026

P/S = 4770.35
P/B = 11.6513
Revenue TTM = 100.6k USD
EBIT TTM = -21.1m USD
EBITDA TTM = -19.1m USD
Long Term Debt = 2.64m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 187.9k USD (from shortTermDebt, last quarter)
Debt = 2.64m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -32.3m USD (from netDebt column, last quarter)
Enterprise Value = 447.6m USD (479.9m + Debt 2.64m - CCE 34.9m)
Interest Coverage Ratio = -149.0 (Ebit TTM -21.1m / Interest Expense TTM -141.9k)
EV/FCF = -29.95x (Enterprise Value 447.6m / FCF TTM -14.9m)
FCF Yield = -3.34% (FCF TTM -14.9m / Enterprise Value 447.6m)
FCF Margin = -14.9k% (FCF TTM -14.9m / Revenue TTM 100.6k)
Net Margin = -20.9k% (Net Income TTM -21.0m / Revenue TTM 100.6k)
Gross Margin = unknown ((Revenue TTM 100.6k - Cost of Revenue TTM 549.8k) / Revenue TTM)
Tobins Q-Ratio = 9.99 (Enterprise Value 447.6m / Total Assets 44.8m)
Interest Expense / Debt = 8.35% (Interest Expense 220.7k / Debt 2.64m)
Taxrate = 21.0% (US default 21%)
NOPAT = -16.7m (EBIT -21.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 31.06 (Total Current Assets 35.5m / Total Current Liabilities 1.14m)
Debt / Equity = 0.06 (Debt 2.64m / totalStockholderEquity, last quarter 41.2m)
Debt / EBITDA = 1.69 (negative EBITDA) (Net Debt -32.3m / EBITDA -19.1m)
Debt / FCF = 2.16 (negative FCF - burning cash) (Net Debt -32.3m / FCF TTM -14.9m)
Total Stockholder Equity = 33.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -51.22% (Net Income -21.0m / Total Assets 44.8m)
RoE = -62.24% (Net Income TTM -21.0m / Total Stockholder Equity 33.7m)
RoCE = -58.11% (EBIT -21.1m / Capital Employed (Equity 33.7m + L.T.Debt 2.64m))
RoIC = -49.50% (negative operating profit) (NOPAT -16.7m / Invested Capital 33.7m)
WACC = 10.45% (E(479.9m)/V(482.6m) * Re(10.47%) + D(2.64m)/V(482.6m) * Rd(8.35%) * (1-Tc(0.21)))
Discount Rate = 10.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.10%
Fair Price DCF = unknown (Cash Flow -14.9m)
EPS Correlation: 4.81 | EPS CAGR: 73.57% | SUE: N/A | # QB: 0
Revenue Correlation: -3.49 | Revenue CAGR: 101.1% | SUE: N/A | # QB: 0

Additional Sources for LWLG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle