olivLaw · US equity research
Lightwave Logic, Inc. LWLG
Miscellaneous Plastics Products · SIC 3080 · Vertical: Rubber and plastics products (SIC 308x)
Lightwave Logic develops electro-optic polymer materials (the Perkinamine family) and licenses related intellectual property without manufacturing its own optical transceivers. The company is at an early commercial stage with very small revenue, and interest in optical connectivity for AI data centers gives its technology current relevance. The net loss of 20.3 million USD in 2025 shows that dependence on external financing remains high.
At the close of 04 Nov 2026, Lightwave Logic, Inc. (LWLG) stock was 4.30 USD (−8.12% on the day), with market capitalisation 662.9 m USD, beta 2.01, 52-week range 2.97–18.22 USD. Latest reported quarter (Q2 2026): revenue of 32.8 k USD (+27.9% YoY), net income of -6.6 m USD, diluted EPS -0.04 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.1
- weak (30–45)
- Bollinger (20, 2)
- 3.75 – 5.06
- in the lower half of the band · %B 0.42 · band width 29.9%
- SMA 50 / 200
- 4.94 / 7.39
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.15 / -0.22
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −22.5% | −1.1% | −21.4 pp | — |
| 3 months | −40.9% | −0.5% | −40.4 pp | — |
| 6 months | −72.1% | +4.4% | −76.5 pp | — |
| Year to date | +32.7% | +12.3% | +20.4 pp | — |
| 1 year | −19.0% | +13.5% | −32.6 pp | +16.1% |
| 3 years | −11.2% | +76.4% | −87.6 pp | +27.9% |
| 5 years | −65.7% | +63.7% | −129.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.9 k | 22.9 k | 22.9 k | 25.6 k | 29.2 k | 159.2 k | 29.2 k | 32.8 k |
| Cost of revenue | 1.2 k | 984 | 2.0 k | 3.5 k | 0 ≈ | 1.3 k | 1.3 k | 0 ≈ |
| Gross profit | — | — | 20.9 k | — | — | — | — | — |
| Research & development | 3.8 m | 4.0 m | 3.1 m | 2.6 m | 2.9 m | 2.8 m | 3.5 m | 3.9 m |
| Operating income | -5.3 m | -5.7 m | -4.9 m | -4.9 m | -5.2 m | -5.1 m | -6.7 m | -7.3 m |
| Depreciation & amortisation | 435.9 k ≈ | 442.1 k | 455.0 k | 488.1 k ≈ | 491.5 k ≈ | 468.8 k | 496.4 k | 490.9 k ≈ |
| Income tax | 0 | — | 0 | 0 | 0 | — | 0 | 0 |
| Net income | -5.3 m | -5.5 m | -4.7 m | -5.0 m | -5.1 m | -4.8 m | -6.3 m | -6.6 m |
| Diluted EPS | -0.04 | -0.05 ≈ | -0.04 | -0.04 | -0.04 | -0.04 ≈ | -0.04 | -0.04 |
| Operating cash flow | -3.6 m ≈ | -3.1 m | -3.5 m | -3.8 m ≈ | -3.2 m ≈ | -3.3 m | -4.1 m | -5.8 m ≈ |
| Capex | 349.6 k ≈ | 332.0 k | 853.5 k | 40.4 k ≈ | 59.3 k ≈ | 378.6 k | 450.5 k | 1.1 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable | unavailable | 40.5 k | 95.6 k | 236.9 k |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +136.1% | +147.7% |
| Net income | -5.8 m | -6.7 m | -6.7 m | -18.6 m | -17.2 m | -21.0 m | -22.5 m | -20.3 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.07 | -0.18 | -0.15 | -0.18 | -0.19 | -0.16 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable | unavailable | unavailable | -51,943.2% | -23,571.0% | -8,576.5% |
| Free cash flow | -5.4 m | -5.0 m | -5.0 m | -11.4 m | -11.8 m | -15.5 m | -17.8 m | -15.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 69.0 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 74.6 m USD
- Total assets
- 79.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 32.69x
- ROE
- -37.6%
- ROA
- -34.7%
- FCF margin
- -6,367.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | 40.5 k | 95.6 k | 236.9 k | SEC (XBRL)· 20 Mar 2026verified |
| Cost of revenue | — | — | — | 2.5 k | 7.4 k | 6.8 k | SEC (XBRL)· 20 Mar 2026verified |
| Gross profit | — | — | — | 38.0 k | 88.2 k | 230.0 k ≈ | SEC (XBRL)· 20 Mar 2026derived |
| Research & development | 4.6 m | 12.5 m | 12.8 m | 15.9 m | 16.8 m | 11.5 m | SEC (XBRL)· 20 Mar 2026verified |
| Operating income | -6.6 m | -17.0 m | -17.1 m | -21.2 m | -23.1 m | -20.8 m | SEC (XBRL)· 20 Mar 2026verified |
| Depreciation & amortisation | 784.4 k | 878.5 k | 1.0 m | 1.1 m | 1.7 m | 1.9 m | SEC (XBRL)· 20 Mar 2026verified |
| EBITDA | -5.8 m ≈ | -16.1 m ≈ | -16.1 m ≈ | -20.1 m ≈ | -21.4 m ≈ | -18.9 m ≈ | SEC (XBRL)· 20 Mar 2026derived |
| Interest expense | 116.4 k | 2.1 m | 209.7 k | 673.6 k | — | — | SEC (XBRL)· 29 Feb 2024verified |
| Pre-tax income | — | — | — | — | -22.5 m | -20.3 m | SEC (XBRL)· 20 Mar 2026verified |
| Net income | -6.7 m | -18.6 m | -17.2 m | -21.0 m | -22.5 m | -20.3 m | SEC (XBRL)· 20 Mar 2026verified |
| Diluted EPS | -0.07 | -0.18 | -0.15 | -0.18 | -0.19 | -0.16 | SEC (XBRL)· 20 Mar 2026verified |
| Weighted average diluted shares | 91.9 m | 105.2 m | 111.8 m | 115.5 m | 120.6 m | 128.6 m | SEC (XBRL)· 20 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 3.3 m | 23.4 m | 24.1 m | 31.4 m | 27.7 m | 69.0 m | SEC (XBRL)· 20 Mar 2026verified |
| Receivables | — | — | — | 30.4 k | 45.6 k | 190.8 k | SEC (XBRL)· 20 Mar 2026verified |
| Current assets | 3.9 m | 23.7 m | 25.4 m | 32.7 m | 28.1 m | 69.8 m | SEC (XBRL)· 20 Mar 2026verified |
| Property, plant & equipment, net | 1.9 m | 2.2 m | 2.5 m | 5.0 m | 5.7 m | 5.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Intangibles (excl. goodwill) | 916.0 k | 848.1 k | 1.0 m | 1.3 m | 1.4 m | 1.7 m | SEC (XBRL)· 20 Mar 2026verified |
| Total assets | 7.4 m | 27.2 m | 29.3 m | 41.8 m | 37.8 m | 79.2 m | SEC (XBRL)· 20 Mar 2026verified |
| Accounts payable | 169.2 k | 215.7 k | 791.7 k | 1.4 m | 516.0 k | 477.9 k | SEC (XBRL)· 20 Mar 2026verified |
| Current liabilities | 933.0 k | 1.6 m | 1.5 m | 2.6 m | 1.8 m | 2.1 m | SEC (XBRL)· 20 Mar 2026verified |
| Total liabilities | 1.6 m | 2.0 m | 1.7 m | 5.3 m | 4.4 m | 4.5 m | SEC (XBRL)· 20 Mar 2026verified |
| Equity | 5.8 m † | 25.2 m † | 27.6 m † | 36.4 m † | 33.4 m † | 74.6 m † | SEC (XBRL)· 20 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -4.9 m | -10.3 m | -10.5 m | -12.2 m | -15.6 m | -13.7 m | SEC (XBRL)· 20 Mar 2026verified |
| Capex | 158.1 k | 1.1 m | 1.3 m | 3.3 m | 2.3 m | 1.3 m | SEC (XBRL)· 20 Mar 2026verified |
| Free cash flow | -5.0 m ≈ | -11.4 m ≈ | -11.8 m ≈ | -15.5 m ≈ | -17.8 m ≈ | -15.1 m ≈ | SEC (XBRL)· 20 Mar 2026derived |
| Investing cash flow | -218.0 k | -1.1 m | -2.2 m | -3.0 m | -2.7 m | -1.8 m | SEC (XBRL)· 20 Mar 2026verified |
| Financing cash flow | 6.2 m | 31.5 m | 13.4 m | 22.5 m | 14.5 m | 56.9 m | SEC (XBRL)· 20 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 3 of at least 6
- score weight coverage: 18.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 662.9 m USD
Key indicators
Coverage and freshness
Score by group
19% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -9,134.4% | 0 (vs peers) | 33% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 62.8x | 100 (on a fixed band) | 22% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -2.8% | 0 (on a fixed band) | 44% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Lightwave Logic, Inc. (LWLG). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 236.9 k USD in 2025; YoY growth 147.7%; net margin -9,134.4%; ROE -34.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 18.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 62.8x
What contradicts it
- Net margin: -9,134.4%
- FCF yield: -2.8%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Rubber and plastics products (SIC 308x) · same industry group (3-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ENTGEntegris, Inc. | 21.8 bn | 55.7 | 9.6% | 11.1% | −1.4% | +85% / +37% |
| WMSAdvanced Drainage Systems, Inc. | 10.9 bn | 24.9 | 26.1% | 14.0% | +5.0% | −5% / +19% |
| ATRAptarGroup, Inc | 9.3 bn | 35.6 | 9.9% | 6.7% | +5.4% | +18% / +16% |
| AWIArmstrong World Industries, Inc. | 7.4 bn | 23.5 | 36.0% | 18.4% | +12.1% | −7% / +107% |
| NWLNewell Brands Inc | 2.5 bn | — | -12.8% | -4.4% | −5.0% | +61% / −23% |
| MYEMyers Industries, Inc. | 1.1 bn | 37.6 | 9.7% | 3.3% | −1.3% | +58% / +62% |
| KRTKarat Packaging Inc. | 1.1 bn | 21.5 | 31.2% | 10.2% | +10.7% | +143% / +149% |
| SWIMLatham Group, Inc. | 963.2 m | 100.2 | 2.2% | 1.6% | +7.4% | +14% / +262% |
| LWLGLightwave Logic, Inc. | 662.9 m | — | -34.4% | -9,134.4% | +147.7% | −19% / −11% |
| CMTCore Molding Technologies, Inc. | 187.1 m | 26.1 | 4.4% | 2.4% | −9.5% | +12% / +18% |
| DSWLDeswell Industries, Inc. | 46.5 m | 4.4 | 10.0% | 17.3% | −9.3% | −19% / +12% |
1- and 3-year price returns: for LWLG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Lightwave Logic develops electro-optic polymer materials (the Perkinamine family) and licenses related intellectual property without manufacturing its own optical transceivers. The company is at an early commercial stage with very small revenue, and interest in optical connectivity for AI data centers gives its technology current relevance. The net loss of 20.3 million USD in 2025 shows that dependence on external financing remains high 1.
SWOT
Strengths
- The company holds a patented and patent-pending EO polymer platform compatible with CMOS and existing foundry process flows 1.
- The licensing and materials model avoids capital-intensive wafer fabrication, which could reduce capital needs as volumes grow 1.
- The company has already secured a material supply license and an NRE joint development arrangement, showing early commercial progress 1.
Weaknesses
- The company has no significant revenue and continues to incur operating losses, so profitability is not predictable 1.
- Reliance on external financing, including share sales, could dilute existing shareholders and limit financial flexibility 1.
- The company has a short operating history in commercial activity and must expand its organization and partnerships quickly 1.
Opportunities
- If AI and data center customers adopt EO modulators, the company could earn long-term license and royalty income 1.
- Extension into quantum, sensing or defense applications could diversify revenue sources if those markets develop 1.
- Partnerships with foundries and module makers could accelerate qualification and volume production 1.
Threats
- Long product qualification and changes to customer plans could delay or eliminate expected revenue 1.
- Competing technologies and shifts in industry standards could make the materials less competitive 1.
- Without sufficient financing capacity, the company could be forced to limit operations if its plans do not succeed 1.
Risks
- Continuing operating losseshigh
The company expects operating losses to continue at least through 2027, and without significant revenue profitability is not assured 1.
- Need for additional capitalhigh
Declared resources cover operations through at least December 2027, and future financing could dilute shareholders 1.
- Lengthy customer qualificationmedium
Product qualification can take months, and a sales contract does not guarantee later sales, which may postpone revenue 1.
- Market adoption risk in new marketsmedium
Target markets change rapidly, and acceptance of the price and performance of the products is not assured 1.
- Dependence on partnersmedium
Success depends on foundries and packaging firms, and collaborations may fail or prove hard to integrate 1.
Investment thesis
What would need to be true (bull case)
- If EO modulators qualify in AI connectivity systems, the company could turn progress in customer programs into recurring license and royalty income 1.
- The declared advantages of low drive voltage and CMOS compatibility could give the materials a useful position in future architectures 1.
- A model without its own fabrication could allow volume growth without major capacity investment, if foundry partners support production 1.
What would break the thesis
- The company has no significant revenue, and the source states that volume production is not expected before 2027, leaving a long waiting period 1.
- Dependence on external financing could limit development capacity, and shareholder dilution could be significant if funding becomes necessary 1.
- If CPO or other architectures reduce the role of discrete modulators, demand for the company's materials could be lower than estimated 1.
What to watch
- Progress of customer programs from prototype to final product2027
- Licensing, NRE and any royalty revenue in quarterly reportsQ1 2027
- Available financing and use of remaining capacity under the sales agreementnext 10-K
- Confirmation of volume production or royalty contracts with customers2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Lightwave Logic, Inc. is a specialty materials and intellectual property company focused on proprietary electro-optic (EO) polymer materials for high-speed optical modulators. The Perkinamine materials are designed for integration into silicon photonics and photonic integrated circuit platforms, with lower drive voltage and CMOS compatibility 1. The business model combines material sales, IP licensing, process design kit enablement and royalties tied to customer production, and the company does not intend to manufacture complete transceivers or optical modules 1.
The customer engagement framework, called the Design Win Cycle, typically spans 18 to 24 months across four stages from technology selection to production ramp. As of January 2026, three customer programs were in the prototype-to-final-product stage and roughly fifteen further engagements were in Stages 1 and 2 1. The company expects 2026 revenue to relate mainly to material supply, NRE and prototype work, with significant volume production not expected before 2027 1.
Segments
Perkinamine EO materials and material sales
The core segment supplies chromophore polymer materials to customers for evaluation, prototyping and possible commercial production. The company notes that material sales could scale with device volumes if customer programs move into production 1.
IP licensing, NRE and royalties
The second stream combines license fees, milestone payments, non-recurring engineering work and production-based royalties. Revenue from these sources was small in 2025, and royalties depend on programs that have not yet reached volume production 1.
Market context
The company cites LightCounting estimates that the total addressable market for optical transceivers serving AI and data center applications could reach about 24 billion USD annually by 2028 1. Within that market, the company estimates that the serviceable market for high-speed modulators could range between 1 and 2.5 billion USD annually by 2028 1.
For coherent DWDM systems the company references a TAM of about 7 billion USD in its investor materials 1. These are estimates based on industry data and internal modelling, and the actual market size depends on technology adoption and customer qualification 1.
Trends
- Transition to 800G and 1.6T speedstailwind
Higher per-lane data rates could favor modulators with high bandwidth and low power, if the EO materials qualify with customers 1.
- Co-packaged optics versus pluggable transceiversmixed
Wider CPO adoption could increase demand for integrated optical engines, but its pace depends on ecosystem readiness, packaging and cost, so the effect remains uncertain 1.
- Connectivity demand from AI clusterstailwind
Scale-up, scale-out and scale-across expansion of AI clusters increases the number of optical channels, which could support demand for modulators if reliability standards are met 1.
- Long qualification cycles and foundry dependenceheadwind
Product qualification can take months or longer, and access to foundries and wafer allocation can delay production, limiting near-term revenue 1.
Competitive position
The company competes with established silicon-based optical technologies and with III-V compound semiconductor systems, which the source says require higher drive voltages or longer interaction lengths 1. Competition also comes from module and materials suppliers that could develop similar alternatives 1.
The source does not explicitly identify US-listed competitors, so the competitive position should be judged on the technical characteristics the company declares rather than on direct market-share comparisons 1.
- Conventional silicon photonics modulators
The company names conventional silicon approaches as an alternative with higher drive voltage 1.
- III-V compound semiconductor systems
The source cites these as a technology alternative for high-speed modulators 1.
- Optical module and transceiver suppliers
They are potential customers but could also compete by developing in-house solutions 1.
- Other traditional photonic material systems
The source compares the EO materials with other traditional photonic material systems 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report29 Sept 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report14 Aug 2026
- Current report20 Jul 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report27 May 2026Shareholder vote
- Quarterly report15 May 2026
- Current report21 Apr 2026Material agreement · Financial statements and exhibits
- Proxy statement10 Apr 2026
- Annual report20 Mar 2026
- Current report20 Jan 2026Non-reliance on financial statements
- Current report08 Jan 2026Departure or appointment of officers
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Lightwave Logic, Inc. · 20 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Lightwave Logic, Inc. · 14 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.