Lightwave Logic, Inc. (LWLG) income statement
NASDAQ · Basic Materials · Chemicals - Specialty · 34 employees · CEO Yves LeMaitre
- Price
- $4.75 +3.71%
- Market cap
- $732M
- Enterprise value
- $688M
- Last report
- Q2 '26 filed 2026-08-14
- Next report
- 2026-11-10
Lightwave Logic, Inc. (LWLG) reported revenue of $32.8K for Q2 '26 (+27.9% year on year), operating income of -$7.27M (-22,195.2% of revenue) and net income of -$6.61M. Over the last four quarters revenue was $250K.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $40.5K | $30.4K | $19.4K | $22.9K | $22.9K | $22.9K | $25.6K | $29.2K | $159K | $29.2K | $32.8K | |
| Cost of revenue | $312K | $370K | $439K | $0 | $1.24K | $984 | $2.03K | $3.46K | $0 | $1.33K | $1.34K | $0 | |
| Gross profit | -$312K | -$330K | -$408K | $19.4K | $21.7K | $21.9K | $20.9K | $22.1K | $29.2K | $158K | $27.8K | $32.8K | |
| Research & development | $4.04M | $3.9M | $4.62M | $4.36M | $3.83M | $4M | $3.09M | $2.64M | $2.92M | $2.84M | $3.49M | $3.88M | |
| Sales & marketing | $0 | -$368K | -$434K | $226K | $101K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $0 | $1.48M | $1.26M | $1.87M | $1.47M | $1.73M | $1.84M | $2.99M | $2.29M | $2.39M | $3.26M | $3.42M | |
| Other operating expenses | $0 | $0 | $0 | -$201K | -$75.5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $5.07M | $5.01M | $5.44M | $6.26M | $5.32M | $5.72M | $4.93M | $5.63M | $5.21M | $5.23M | $6.75M | $7.3M | |
| Operating income | -$5.39M | -$5.34M | -$5.85M | -$6.24M | -$5.3M | -$5.7M | -$4.91M | -$5.61M | -$5.18M | -$5.07M | -$6.73M | -$7.27M | |
| Interest income | $247K | $254K | $253K | $252K | $222K | $199K | $188K | $168K | $193K | $293K | $461K | $652K | |
| Other non-operating income (gains on investments, FX ...) | -$222K | -$399K | -$171K | $29K | $3.81K | -$167K | -$208K | $66.5K | -$78.6K | -$227K | -$425K | $3.27K | |
| Total non-operating income | $222K | $399K | $171K | $220K | -$3.81K | $167K | $208K | -$66.5K | $78.6K | $227K | $425K | $655K | |
| Income before tax | -$5.16M | -$4.94M | -$5.68M | -$6.02M | -$5.3M | -$5.53M | -$4.7M | -$5.67M | -$5.1M | -$4.84M | -$6.3M | -$6.61M | |
| Net income | -$5.16M | -$4.94M | -$5.68M | -$6.02M | -$5.3M | -$5.53M | -$4.7M | -$5.67M | -$5.1M | -$4.84M | -$6.3M | -$6.61M | |
| EPS (basic) | -$0.04 | -$0.04 | -$0.05 | -$0.05 | -$0.04 | -$0.05 | -$0.04 | -$0.05 | -$0.04 | -$0.04 | -$0.04 | -$0.04 | |
| EPS (diluted) | -$0.04 | -$0.04 | -$0.05 | -$0.05 | -$0.04 | -$0.05 | -$0.04 | -$0.05 | -$0.04 | -$0.04 | -$0.04 | -$0.04 | |
| Shares (basic, weighted) | 116M | 117M | 119M | 120M | 121M | 122M | 124M | 125M | 130M | 129M | 148M | 153M | |
| Shares (diluted, weighted) | 116M | 117M | 119M | 120M | 121M | 122M | 124M | 125M | 130M | 129M | 148M | 153M | |
| Depreciation & amortization | $312K | $368K | $434K | $466K | $484K | $491K | $505K | $539K | $492K | $521K | $496K | $545K | |
| EBITDA | -$4.85M | -$4.57M | -$5.25M | -$5.8M | -$4.82M | -$5.04M | -$4.19M | -$5.13M | -$4.61M | -$4.32M | -$5.8M | -$6.73M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40.5K | $95.6K | $237K | |
| Cost of revenue | $196K | $326K | $466K | $699K | $784K | $879K | $1.05M | $2.51K | $7.4K | $2.12M | |
| Gross profit | -$196K | -$326K | -$466K | -$699K | -$784K | -$879K | -$1.05M | $38K | $88.2K | -$1.88M | |
| Research & development | $2.47M | $3.52M | $3.79M | $3.63M | $3.76M | $12.5M | $12.8M | $15.9M | $16.8M | $11.5M | |
| General & administrative | $1.66M | $2M | $1.81M | $0 | $0 | $0 | $0 | $5.36M | $6.37M | $0 | |
| Other operating expenses | -$272K | -$226K | -$172K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $4.14M | $5.52M | $5.6M | $5.62M | $5.82M | $16.1M | $16.1M | $21.3M | $23.2M | $18.9M | |
| Operating income | -$4.14M | -$5.52M | -$5.6M | -$6.32M | -$6.6M | -$17M | -$17.1M | -$21.2M | -$23.1M | -$20.8M | |
| Interest income | $255 | $250 | $250 | $232 | $776 | $13.8K | $91.7K | $658K | $927K | $842K | |
| Interest expense | $255 | $250 | $250 | $0 | $0 | $0 | $91.7K | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | $0 | $226K | $172K | $408K | $116K | $1.63M | $90.8K | -$187K | -$554K | -$448K | |
| Total non-operating income | -$272K | -$226K | -$172K | -$408K | -$116K | -$1.63M | -$90.8K | $187K | $554K | $448K | |
| Income before tax | -$4.41M | -$5.75M | -$5.77M | -$6.73M | -$6.72M | -$18.6M | -$17.2M | -$21M | -$22.5M | -$20.3M | |
| Income tax | -$255 | -$250 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net income | -$4.41M | -$5.75M | -$5.77M | -$6.73M | -$6.72M | -$18.6M | -$17.2M | -$21M | -$22.5M | -$20.3M | |
| EPS (basic) | -$0.07 | -$0.08 | -$0.08 | -$0.08 | -$0.07 | -$0.17 | -$0.15 | -$0.18 | -$0.19 | -$0.16 | |
| EPS (diluted) | -$0.07 | -$0.08 | -$0.08 | -$0.08 | -$0.07 | -$0.17 | -$0.15 | -$0.18 | -$0.19 | -$0.16 | |
| Shares (basic, weighted) | 66.2M | 70.9M | 76.4M | 83.3M | 91.9M | 105M | 112M | 115M | 121M | 129M | |
| Shares (diluted, weighted) | 66.2M | 70.9M | 76.4M | 83.3M | 91.9M | 105M | 112M | 115M | 121M | 129M | |
| Depreciation & amortization | $196K | $326K | $466K | $699K | $784K | $1.05M | $1.22M | $1.3M | $1.88M | $2.11M | |
| EBITDA | -$3.94M | -$5.42M | -$5.31M | -$6.03M | -$5.93M | -$17.6M | -$16M | -$19.7M | -$20.7M | -$18.2M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02