Lightwave Logic, Inc.
LWLGNasdaqOther · Miscellaneous Plastics Products · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $236,855 | $13,750 | $40,502 | — | — | — |
| Operating income | −$20.8M | −$23.1M | −$21.2M | −$17.1M | −$17.0M | −$6.6M |
| Net income | −$20.3M | −$22.5M | −$21.0M | −$17.2M | −$18.6M | −$6.7M |
| Total assets | $79.2M | $37.8M | $41.8M | $29.3M | $27.2M | $7.4M |
| Total liabilities | $4.5M | $4.4M | $5.3M | $1.7M | $2.0M | $1.6M |
| Equity | $74.6M | $33.4M | $36.4M | $27.6M | $25.2M | $5.8M |
| EPS (diluted) | $-0.16 | $-0.19 | $-0.18 | $-0.15 | $-0.18 | $-0.07 |
| Shares out. | 124.8M | 119.2M | 113.2M | 111.0M | 101.8M | 89.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −8765.5%
- Net margin
- −8576.5%
- Return on equity
- −27.2%
- Return on assets
- −25.7%
- Return on capital (ROCE)
- −26.9%
- Liabilities / assets
- 5.7%
- Debt / equity
- 0.06×
- Book value / share
- $0.60
- Revenue growth (YoY)
- 1622.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 14.22safe
- Accruals / assets
- −8.3%clean
- Beneish M-Score
- 10.73elevated
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 4 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 30, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2010
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2009
- NT 10-Qmissed a reporting deadline ↗May 14, 2008
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2008
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 27, 2026
- Blackrock, Inc.Passive (13G)Jul 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Quan Snizhana P.Officer — Principal Financial Officer | Jun 1, 2026 | Sell | 345 | $11.41 |
| Bucchi Ronald ADirector | Apr 28, 2026 | Gift | 100,000 | $0.00 |
| Quan Snizhana P.Officer — Principal Financial Officer | Apr 10, 2026 | Option exercise | 20,000 | $4.87 |
| Ciesla CraigDirector | Apr 1, 2026 | Sell | 11,000 | $6.81 |
| El-Ahmadi Siraj NourDirector | Mar 31, 2026 | Option exercise | 20,161 | — |
| Connelly Thomas M JrDirector | Apr 6, 2026 | Sell | 9,000 | $8.52 |
| Connelly Thomas M JrDirector | Mar 31, 2026 | Option exercise | 20,161 | — |
| Ciesla CraigDirector | Mar 31, 2026 | Option exercise | 20,161 | — |
| Bucchi Ronald ADirector | Mar 31, 2026 | Option exercise | 20,161 | — |
| Partridge LailaDirector | Mar 31, 2026 | Option exercise | 20,161 | — |
| Quan Snizhana P.Officer — Principal Financial Officer | Mar 30, 2026 | Option exercise | 25,000 | $4.87 |
| Le Maitre YvesOfficer — CEO | Mar 12, 2026 | Tax withholding | 294,968 | $7.08 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 13.6M | 1.2 | -0.3% |
| Apr 30, 2026 | 13.7M | 1.5 | -6.7% |
| Apr 15, 2026 | 14.7M | 1.9 | +13.8% |
| Mar 31, 2026 | 12.9M | 2.3 | -0.2% |
| Mar 13, 2026 | 12.9M | 1.7 | +4.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 27, 2026
- Entered a material agreementApr 21, 2026
- Prior financials not reliable (restatement)Jan 20, 2026
- Director / officer changeJan 8, 2026
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureDec 17, 2025
- Terminated a material agreementDec 15, 2025
- Director / officer change · Regulation FD disclosureDec 8, 2025
- Terminated a material agreementDec 4, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 144Jun 1, 2026
- 4Jun 1, 2026
- 8-KFORM 8-KMay 27, 2026
- 10-QQUARTERLY REPORTMay 15, 2026
- S-3ASRMay 8, 2026
- 4Apr 29, 2026
- 8-KFORM 8-KApr 21, 2026
- 424B5Apr 21, 2026
- 4Apr 10, 2026
- 144Apr 10, 2026
- ARSANNUAL REPORTApr 10, 2026
- DEF 14ADEFINITIVE 14AApr 10, 2026
- 4Apr 8, 2026
- 4Apr 7, 2026
- 144Apr 7, 2026