Lightwave Logic

LWLG

Chemicals - Specialty · Basic Materials

Price

$6.23

-0.06 (-0.95%)

Market Cap

$959.9M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+22.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 105.2M (2021) → 128.6M (2025)

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 transmiss

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+594.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+21.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$11M/ year

↓ Declining (-32% vs prior year)

>1,000% of revenue

1617.0x the sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

1.4%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~5 years

$69M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$69M cash & investments at current burn rate

Revenue accelerating

Lightwave Logic grew revenue 595% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-228.4%

Thin — -228.4% gross margin

Operating Margin

-3186.1%

Losing money on operations — -3186.1%

ROCE

-6.8%

Weak — -6.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+147.7%

Fast-growing sales (147.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-6408.6%

Burning cash (-6408.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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