Lightwave Logic, Inc.
LWLGBasic MaterialsNASDAQSpecialty Chemicals · Last scanned Jun 2, 2026
Scan Results
Daily timeframeLightwave 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 $1.70B market capitalization puts LWLG squarely in small-cap range for its industry. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name.
Market Cap
$1.70B
Beta
3.24
P/E (TTM)
—
P/E (Fwd)
—
EPS (TTM)
$-0.16
EPS (Fwd)
—
ROE
-38.8%
ROA
-23.6%
Cash
$75.1M
Total Debt
$2.6M
Free CF
-$8.2M
52W Change
991.1%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $75.1M in cash comfortably exceeding the $2.6M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company is burning cash, with free cash flow at -$8.2M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -38.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity.
Lightwave Logic, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. With cash comfortably exceeding debt, LWLG has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing LWLG.