LWLG Stock Overview
Lightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States.
Lightwave Logic Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$7.86|
|52 Week High||US$20.30|
|52 Week Low||US$5.39|
|1 Month Change||-18.97%|
|3 Month Change||20.18%|
|1 Year Change||-21.48%|
|3 Year Change||1,047.11%|
|5 Year Change||473.72%|
|Change since IPO||208.24%|
Recent News & Updates
Lightwave Logic (NASDAQ:LWLG) Is In A Good Position To Deliver On Growth Plans
We can readily understand why investors are attracted to unprofitable companies. For example, although...
Lightwave Logic GAAP EPS of -$0.03
Lightwave Logic press release (NASDAQ:LWLG): Q2 GAAP EPS of -$0.03. On June 30, 2022, our cash and cash equivalents totaled $24.83M.
|LWLG||US Electronic||US Market|
Return vs Industry: LWLG exceeded the US Electronic industry which returned -23.7% over the past year.
Return vs Market: LWLG matched the US Market which returned -22.1% over the past year.
|LWLG Average Weekly Movement||12.4%|
|Electronic Industry Average Movement||6.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: LWLG is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: LWLG's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Lightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in designing and synthesizing organic chromophores for use in its electro-optic polymer systems and photonic device designs. It also offers electro-optic modulators, which converts data from electric signals to optical signals for transmission over fiber-optic cables; and polymer photonic integrated circuits, a photonic device, which integrates various photonic functions on a single chip.
Lightwave Logic Fundamentals Summary
|LWLG fundamental statistics|
Is LWLG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LWLG income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.18|
|Net Profit Margin||0.00%|
How did LWLG perform over the long term?See historical performance and comparison
Is LWLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LWLG?
Other financial metrics that can be useful for relative valuation.
|What is LWLG's n/a Ratio?|
Price to Book Ratio vs Peers
How does LWLG's PB Ratio compare to its peers?
|LWLG PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
BELF.A Bel Fuse
VSH Vishay Intertechnology
LWLG Lightwave Logic
Price-To-Book vs Peers: LWLG is expensive based on its Price-To-Book Ratio (31.5x) compared to the peer average (1.6x).
Price to Earnings Ratio vs Industry
How does LWLG's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Book vs Industry: LWLG is expensive based on its Price-To-Book Ratio (31.5x) compared to the US Electronic industry average (1.6x)
Price to Book Ratio vs Fair Ratio
What is LWLG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||31.5x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate LWLG's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of LWLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate LWLG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate LWLG's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Lightwave Logic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lightwave Logic has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Lightwave Logic's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has Lightwave Logic performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LWLG is currently unprofitable.
Growing Profit Margin: LWLG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LWLG is unprofitable, and losses have increased over the past 5 years at a rate of 28% per year.
Accelerating Growth: Unable to compare LWLG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LWLG is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (20.1%).
Return on Equity
High ROE: LWLG has a negative Return on Equity (-70.51%), as it is currently unprofitable.
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How is Lightwave Logic's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: LWLG's short term assets ($25.6M) exceed its short term liabilities ($724.0K).
Long Term Liabilities: LWLG's short term assets ($25.6M) exceed its long term liabilities ($323.9K).
Debt to Equity History and Analysis
Debt Level: LWLG is debt free.
Reducing Debt: LWLG has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LWLG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LWLG has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 18.4% each year.
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What is Lightwave Logic current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Lightwave Logic Dividend Yield vs Market|
|Company (Lightwave Logic)||n/a|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Electronic)||1.7%|
|Analyst forecast in 3 Years (Lightwave Logic)||n/a|
Notable Dividend: Unable to evaluate LWLG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LWLG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LWLG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LWLG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as LWLG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Lebby (60 yo)
Dr. Michael S. Lebby, Ph D., MBA, DEng, CEng has been the Chief Executive Officer of Lightwave Logic, Inc. since May 1, 2017. Dr. Lebby serves as an Advisor at Redfern Integrated Optics, Inc. Dr. Lebby ser...
CEO Compensation Analysis
|Michael Lebby's Compensation vs Lightwave Logic Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$3m||US$285k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$323k||US$278k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$316k||US$274k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$306k||US$265k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$609k||US$177k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$54k||n/a|
Compensation vs Market: Michael's total compensation ($USD3.07M) is about average for companies of similar size in the US market ($USD4.14M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
Experienced Management: LWLG's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: LWLG's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|12 Apr 22||BuyUS$9,985||Michael Lebby||Individual||1,000||US$9.99|
|14 Jan 22||SellUS$362,870||Siraj El-Ahmadi||Individual||35,121||US$10.33|
|28 Dec 21||SellUS$361,385||Ronald Bucchi||Individual||22,309||US$16.70|
|27 Dec 21||SellUS$662,570||Ronald Bucchi||Individual||39,203||US$16.90|
|27 Dec 21||SellUS$819,410||Thomas Zelibor||Individual||48,060||US$17.51|
|23 Dec 21||SellUS$1,489,967||Ronald Bucchi||Individual||88,488||US$16.93|
|23 Dec 21||SellUS$1,720,290||Thomas Zelibor||Individual||101,940||US$17.02|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Lightwave Logic, Inc.'s employee growth, exchange listings and data sources
- Name: Lightwave Logic, Inc.
- Ticker: LWLG
- Exchange: NasdaqCM
- Founded: 1991
- Industry: Electronic Components
- Sector: Tech
- Implied Market Cap: US$880.997m
- Shares outstanding: 112.09m
- Website: https://lightwavelogic.com
Number of Employees
- Lightwave Logic, Inc.
- 369 Inverness Parkway
- Suite 350
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LWLG||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jul 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.