LWLG · XBRL financial data

Lightwave Logic financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (LWLG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	—	—	—	41	96	237
Cost of goods and services sold	—	—	—	3	7	7
Gross profit	—	—	—	38	88	—
Research and development	4,529	12,476	12,805	15,904	16,807	11,490
General and administrative	2,070	4,520	4,334	5,360	6,371	9,502
Total operating expenses	6,600	16,996	17,140	21,263	23,177	20,998
Operating income (loss)	(6,600)	(16,996)	(17,140)	(21,225)	(23,089)	(20,761)
Interest income	1	14	92	658	927	842
Interest expense	116	2,059	210	674	—	—
Other income (expense)	—	—	27	(12)	(5)	1
Net income (loss)	(6,716)	(18,631)	(17,230)	(21,038)	(22,535)	(20,314)
Earnings per share, basic USD per share	(0.07)	(0.18)	(0.15)	(0.18)	(0.19)	—
Earnings per share, diluted USD per share	(0.07)	(0.18)	(0.15)	(0.18)	(0.19)	(0.16)
Weighted average shares, basic thousands of shares	91,859	105,224	111,815	115,467	120,600	—
Weighted average shares, diluted thousands of shares	91,859	105,224	111,815	115,467	120,600	128,629

Fiscal years (LWLG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3,307	23,433	24,102	31,432	27,668	69,017
Accounts receivable	—	—	—	30	46	191
Prepaid and other current assets	567	232	611	1,238	402	601
Total current assets	3,874	23,665	25,356	32,700	28,115	69,809
Property and equipment, net	1,874	2,179	2,519	4,991	5,692	5,222
Right-of-use asset	703	536	358	2,838	2,646	2,440
Total assets	7,367	27,229	29,263	41,784	37,808	79,185
Accounts payable	169	216	792	1,448	516	478
Accrued liabilities	81	1,118	—	—	—	—
Total current liabilities	933	1,586	1,504	2,583	1,785	2,136
Lease liability, non-current	536	358	168	2,767	2,599	2,404
Total liabilities	1,591	2,024	1,710	5,350	4,384	4,539
Accumulated deficit	(70,972)	(89,603)	(106,833)	(127,871)	(150,406)	(167,313)
Total stockholders' equity	5,775	25,204	27,553	36,434	33,424	74,646
Total liabilities and equity	7,367	27,229	29,263	41,784	37,808	79,185
Common shares outstanding (cover page) thousands of shares	101,759	110,979	113,221	119,185	124,800	148,831

Fiscal years (LWLG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(6,716)	(18,631)	(17,230)	(21,038)	(22,535)	(20,314)
Stock-based compensation	539	1,023	5,814	—	—	—
Net cash from operating activities	(4,874)	(10,039)	(10,466)	(12,236)	(15,551)	(13,749)
Purchases of property and equipment	158	1,098	1,307	3,292	2,267	1,332
Net cash from investing activities	(218)	(1,116)	(2,210)	(2,957)	(2,698)	(1,817)
Net cash from financing activities	6,162	31,281	13,345	22,523	14,484	56,916

SIC 3080 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3080 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Lightwave Logic	47,209	33	(5,821)*	154.2M	16.5 quarters	Q2 FY26 10-QJun 30, 2026
Core Molding Technologies	5,437	90,237	(3,700)*	8.8M	1.0 quarters	Q3 FY26 10-QSep 30, 2026
Karat Packaging	38,399	136,302	33,154*	19.9M	—	Q2 FY26 10-QJun 30, 2026
Latham Group	94,810	182,175	48,793*	117.8M	—	Q3 FY26 10-QSep 26, 2026
Myers Industries	53,527	171,340	17,052*	37.6M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.