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NASDAQ · Specialty Chemicals · USD

Lightwave Logic, Inc. (LWLG) Stock Analysis

Lightwave Logic, Inc. (LWLG) is a Specialty Chemicals stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

LWLG

$4.43

+$0.27 (+6.49%)

Oct 21, 2026 · Market close

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Price History

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LWLG Key Statistics

As of Oct 21, 2026
Trading
Open
$4.31
Previous Close
$4.16
Day's Range
4.21–4.52
52-Week Range
2.84–18.71
Volume
2.76M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.41
Valuation
Market Cap
$682.96M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2,729.10
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.17
Financials (FY)
Revenue (FY)
$236.86K+147.74%
Net Income (FY)
−$20.31M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
154.17M
1-Year Return
−8.66%
Dividend and dates
Earnings Date
November 12, 2026
Avg Volume
3.10M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, LWLG closed at $4.43, −8.66% over 1 year.

Lightwave Logic, Inc. (LWLG) has a market capitalization of $682.96M.

In fiscal 2025, LWLG reported revenue of $236.86K.

LWLG Stock Return by Calendar Year

Lightwave Logic, Inc. (LWLG) 10-year return: what $10,000 became

1 year
$10,000 $9,134
−8.66%
5 years
$10,000 $4,815
−51.85%
10 years
$10,000 $73,833
+638.33%

If you had invested $10,000 in Lightwave Logic, Inc. (LWLG) 10 years ago, at the close on October 21, 2016, it would have been worth $73,833 at the close on October 21, 2026: +638.33% in total, +22.13% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+36.73%
2025+54.29%
2024−57.83%
2023+15.55%
2022−71.03%
2021+1,500.00%
2020+32.86%
2019−1.41%
2018−37.72%
2017+83.87%
2016 (partial year)−15.07%

As of October 21, 2026.

LWLG Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$236.86K−$20.31M−8,576.5%
2024$95.61K−$22.54M−23,571.0%
2023$40.50K−$21.04M−51,943.2%
2022$0.00−$17.23M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$236.86K$230.03K−$20.76M−$20.31M−8,576.5%
2024$95.61K$88.21K−$23.09M−$22.54M−23,571.0%
2023$40.50K$37.99K−$21.23M−$21.04M−51,943.2%
2022$0.00$0.00−$17.14M−$17.23M—

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

Recent News

All 11 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Lightwave Logic, Inc. (LWLG) carries a market capitalisation of $682.96M. It is classified in the Specialty Chemicals industry, within the Basic Materials sector. The company reports 34 employees.

The 52-week range on file runs from $2.84 to $18.71. LWLG last closed at $4.43 on October 21, 2026. That is +$0.27 (+6.49%) against the previous close. The latest close sits 55.99% above that 52-week low.

Financial Health

In fiscal 2025, Lightwave Logic, Inc. reported revenue of $236.86K. Against the prior fiscal year total of $95.61K, that is a change of +147.74%. The same year closed with a net loss of $20.31M. Trailing earnings per share are −0.17.

Across the 4 fiscal years on file, revenue moves from $0.00 in 2022 to $236.86K in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The price-to-sales ratio is 2,729.1. On price-to-sales that is 1,712.3 times the Specialty Chemicals median of 1.59. The medians here are taken across 70 Specialty Chemicals companies that report the metric.

Over the trailing twelve months the total return is −8.66%. Across 10 years the annualized return works out at +22.13%. Beta against the wider market is reported at 2.41. Annualized volatility over the trailing 10 years is 90.77%.

Growth & Income

No dividend is on file for LWLG.

So far in 2026 the total return is +36.73%. The strongest complete calendar year on file is 2021 at +1,500.00%; the weakest is 2022 at −71.03%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

Lightwave Logic, Inc. (LWLG) operates in the Specialty Chemicals industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Lightwave Logic, Inc. LWLG $682.96M —
Linde plc LIN $230.75B 32.3
The Sherwin-Williams Company SHW $81.88B 31.1
Ecolab Inc. ECL $80.76B 38.7

The Specialty Chemicals industry average P/E ratio is 28.3x. Lightwave Logic, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Lightwave Logic, Inc.

Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities. The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.

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