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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.

LWLG

$5.35

+$0.23 (+4.49%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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LWLG Key Statistics

As of Sep 4, 2026
Trading
Open
$5.24
Previous Close
$5.12
Day's Range
5.17–5.42
52-Week Range
2.84–18.71
Volume
2.67M
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.
2.42
Valuation
Market Cap
$824.79M
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.
3295.87
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
Profit marginThe share of revenue left as profit after all costs and taxes.
0.00%
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
+77.15%
Dividend and dates
Earnings Date
November 12, 2026
Avg Volume
3.73M

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

LWLG Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+65.12%
2025+54.29%
2024−57.83%
2023+15.55%
2022−71.03%
2021+1500.00%
2020+32.86%
2019−1.41%
2018−37.72%
2017+83.87%
2016 (partial year)−15.07%

As of September 4, 2026.

LWLG Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$236.86K−$20.31M−8576.5%
2024$95.61K−$22.54M−23571.0%
2023$40.50K−$21.04M−51943.2%
2022$0.00−$17.23M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$236.86K$230.03K−$20.76M−$20.31M−8576.5%
2024$95.61K$88.21K−$23.09M−$22.54M−23571.0%
2023$40.50K$37.99K−$21.23M−$21.04M−51943.2%
2022$0.00$0.00−$17.14M−$17.23M—

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

LWLG Valuation vs Specialty Chemicals Median

Median of 71 stocks
MetricLWLGSpecialty Chemicals medianvs median
Profit margin0.00%0.08%0.1 pts below

Medians across 71 Specialty Chemicals stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 7 articles ↓

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

Analysis

Data-derived

Company Overview

Lightwave Logic, Inc. (LWLG) carries a market capitalisation of $824.79M. 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 $5.35 on September 4, 2026. That is +$0.23 (+4.49%) against the previous close. The latest close sits 88.38% 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. The reported profit margin is 0%. That is 0.1 percentage points below the Specialty Chemicals median of 0.08%. 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 3,295.87. On price-to-sales that is 1,963.5 times the Specialty Chemicals median of 1.68. The medians here are taken across 71 Specialty Chemicals companies that report the metric.

Over the trailing twelve months the price has returned +77.15%. Across 10 years the annualized return works out at +22.55%. Beta against the wider market is reported at 2.42. Annualized volatility over the trailing 10 years is 90.51%.

Growth & Income

No dividend is on file for LWLG.

So far in 2026 the price is +65.12%. 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 $824.79M —
Linde plc LIN $220.15B 30.9
The Sherwin-Williams Company SHW $81.01B 30.8
Ecolab Inc. ECL $78.29B 37.4

The Specialty Chemicals industry average P/E ratio is 28.7x. 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 nightly rebuild. Informational only, not financial advice. As of September 4, 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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