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LWLG

Lightwave Logic NasdaqCM:LWLG Stock Report

Last Price

US$7.79

Market Cap

US$873.2m

7D

6.7%

1Y

-12.4%

Updated

04 Oct, 2022

Data

Company Financials
LWLG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Lightwave Logic
Historical stock prices
Current Share PriceUS$7.79
52 Week HighUS$20.30
52 Week LowUS$5.39
Beta2.04
1 Month Change2.91%
3 Month Change11.29%
1 Year Change-12.37%
3 Year Change1,023.45%
5 Year Change448.59%
Change since IPO205.49%

Recent News & Updates

Aug 15
Lightwave Logic (NASDAQ:LWLG) Is In A Good Position To Deliver On Growth Plans

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...

Aug 11

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.

Shareholder Returns

LWLGUS ElectronicUS Market
7D6.7%5.6%4.4%
1Y-12.4%-18.0%-18.2%

Return vs Industry: LWLG exceeded the US Electronic industry which returned -20.3% over the past year.

Return vs Market: LWLG exceeded the US Market which returned -20% over the past year.

Price Volatility

Is LWLG's price volatile compared to industry and market?
LWLG volatility
LWLG Average Weekly Movement12.3%
Electronic Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
199119Michael Lebbyhttps://lightwavelogic.com

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

How do Lightwave Logic's earnings and revenue compare to its market cap?
LWLG fundamental statistics
Market CapUS$873.15m
Earnings (TTM)-US$19.72m
Revenue (TTM)n/a

0.0x

P/S Ratio

-44.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LWLG income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$19.72m
Earnings-US$19.72m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.18
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did LWLG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is LWLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

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

  • Analyst Forecast

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.

LWLG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-45.1x
PEG Ration/a

Price to Book Ratio vs Peers

How does LWLG's PB Ratio compare to its peers?

LWLG PB Ratio vs Peers
The above table shows the PB ratio for LWLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.7x
KN Knowles
1x162.4%US$1.2b
BELF.A Bel Fuse
1.6x8.0%US$337.1m
VSH Vishay Intertechnology
1.5x-3.1%US$2.8b
BDC Belden
2.7x29.4%US$2.8b
LWLG Lightwave Logic
31.2xn/aUS$873.2m

Price-To-Book vs Peers: LWLG is expensive based on its Price-To-Book Ratio (31.2x) compared to the peer average (1.7x).


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 (31.2x) 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.

LWLG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio31.2x
Fair PB Ration/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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Future Growth

How is Lightwave Logic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.8%

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.


Discover growth companies

  • 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.

Past Performance

How has Lightwave Logic performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.0%

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.


Discover strong past performing companies

Financial Health

How is Lightwave Logic's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


Balance Sheet


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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Dividend

What is Lightwave Logic current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Lightwave Logic Dividend Yield vs Market
How does Lightwave Logic dividend yield compare to the market?
SegmentDividend Yield
Company (Lightwave Logic)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Electronic)1.6%
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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Michael Lebby (60 yo)

7.17yrs

Tenure

US$3,073,321

Compensation

Dr. Michael S. Lebby, Ph. D., MBA, DEng, CEng has been the Chief Executive Officer of Lightwave Logic, Inc. since May 1, 2017 and is its Chairman from October 01, 2022. Dr. Lebby serves as an Advisor at Re...


CEO Compensation Analysis

Michael Lebby's Compensation vs Lightwave Logic Earnings
How has Michael Lebby's remuneration changed compared to Lightwave Logic's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$20m

Mar 31 2022n/an/a

-US$20m

Dec 31 2021US$3mUS$285k

-US$19m

Sep 30 2021n/an/a

-US$12m

Jun 30 2021n/an/a

-US$9m

Mar 31 2021n/an/a

-US$7m

Dec 31 2020US$323kUS$278k

-US$7m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$7m

Mar 31 2020n/an/a

-US$7m

Dec 31 2019US$316kUS$274k

-US$7m

Sep 30 2019n/an/a

-US$7m

Jun 30 2019n/an/a

-US$6m

Mar 31 2019n/an/a

-US$6m

Dec 31 2018US$306kUS$265k

-US$6m

Sep 30 2018n/an/a

-US$6m

Jun 30 2018n/an/a

-US$6m

Mar 31 2018n/an/a

-US$6m

Dec 31 2017US$609kUS$177k

-US$6m

Sep 30 2017n/an/a

-US$5m

Jun 30 2017n/an/a

-US$5m

Mar 31 2017n/an/a

-US$4m

Dec 31 2016n/an/a

-US$4m

Sep 30 2016n/an/a

-US$4m

Jun 30 2016n/an/a

-US$5m

Mar 31 2016n/an/a

-US$5m

Dec 31 2015US$54kn/a

-US$5m

Compensation vs Market: Michael's total compensation ($USD3.07M) is about average for companies of similar size in the US market ($USD4.09M).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: LWLG's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: LWLG's board of directors are considered experienced (4.5 years average tenure).


Ownership

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

NasdaqCM:LWLG Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 Apr 22BuyUS$9,985Michael LebbyIndividual1,000US$9.99
14 Jan 22SellUS$362,870Siraj El-AhmadiIndividual35,121US$10.33
28 Dec 21SellUS$361,385Ronald BucchiIndividual22,309US$16.70
27 Dec 21SellUS$662,570Ronald BucchiIndividual39,203US$16.90
27 Dec 21SellUS$819,410Thomas ZeliborIndividual48,060US$17.51
23 Dec 21SellUS$1,489,967Ronald BucchiIndividual88,488US$16.93
23 Dec 21SellUS$1,720,290Thomas ZeliborIndividual101,940US$17.02

Ownership Breakdown

What is the ownership structure of LWLG?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders523,4070.5%
Institutions25,047,37222.3%
General Public86,515,33077.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Top 25 shareholders own 20.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
6.21%
BlackRock, Inc.
6,955,060$54.2m372.16%no data
5.32%
The Vanguard Group, Inc.
5,966,010$46.5m31.48%no data
1.77%
State Street Global Advisors, Inc.
1,982,108$15.4m483.25%no data
1.66%
Geode Capital Management, LLC
1,856,694$14.5m103.8%no data
0.67%
Charles Schwab Investment Management, Inc.
754,440$5.9m48.52%no data
0.54%
Valiant Capital Management, L.P.
600,000$4.7m0%0.64%
0.53%
Susquehanna International Group, LLP, Asset Management Arm
589,132$4.6m-36.82%0.01%
0.35%
Northern Trust Global Investments
396,270$3.1m127.46%no data
0.32%
BNY Mellon Asset Management
363,869$2.8m709.52%no data
0.32%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
359,230$2.8m0%no data
0.29%
Marshall Wace LLP
324,228$2.5m1452.52%0.01%
0.26%
UMB Financial Corporation, Asset Management Arm
285,952$2.2m1.06%0.03%
0.23%
Swiss National Bank, Asset Management Arm
261,300$2.0m0%no data
0.23%
Morgan Stanley, Investment Banking and Brokerage Investments
253,288$2.0m137.01%no data
0.22%
James Marcelli
246,740$1.9m0.02%no data
0.19%
Advisory Services Network, LLC
208,439$1.6m-23.96%0.06%
0.15%
Thomas Zelibor
168,296$1.3m0%no data
0.15%
LPL Financial Corporation, Asset Management Arm
167,452$1.3m0%no data
0.14%
BMO Asset Management Corp.
154,586$1.2m0%no data
0.13%
California State Teachers' Retirement System
142,236$1.1m0%no data
0.12%
B. Riley Capital Management, LLC
135,931$1.1m4.86%0.06%
0.12%
Bank of America Corporation, Asset Management Arm
129,230$1.0m52.59%no data
0.11%
Point72 Asset Management, L.P.
128,885$1.0m57.07%no data
0.11%
UBS Asset Management
126,658$986.7k26621.1%no data
0.11%
Rhumbline Advisers Ltd Partnership
121,694$948.0k0%no data

Company Information

Lightwave Logic, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lightwave Logic, Inc.
  • Ticker: LWLG
  • Exchange: NasdaqCM
  • Founded: 1991
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: US$873.151m
  • Shares outstanding: 112.09m
  • Website: https://lightwavelogic.com

Number of Employees


Location

  • Lightwave Logic, Inc.
  • 369 Inverness Parkway
  • Suite 350
  • Englewood
  • Colorado
  • 80112
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LWLGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.