Lightwave Logic, Inc. (LWLG) — Financial statements
Income statement, balance sheet, and cash flow for Lightwave Logic, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 0.24↑147.7% | 0.10↑136.1% | 0.04 | 0.00 | 0.00 | |
| Cost of Revenue | 2↑28507.8% | 0.01↑194.3% | 0.00↓99.8% | 1↑19.0% | 0.88 | |
| Gross Profit | -2↓2229.8% | 0.09↑132.2% | 0.04↑103.6% | -1↓19.0% | -0.88 | |
| Operating Expenses | ||||||
| R&D Expenses | 11↓31.6% | 17↑5.7% | 16↑24.2% | 13↑2.6% | 12 | |
| General & Administrative Expenses | 0.00↓100.0% | 6↑18.9% | 5 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 7↑16.0% | 6↑18.9% | 5↑63.0% | 3↓9.7% | 4 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 19↓18.5% | 23↑9.0% | 21↑32.1% | 16↓0.1% | 16 | |
| Total Costs & Expenses | 21↓9.4% | 23↑9.0% | 21↑24.1% | 17↑0.8% | 17 | |
| Operating Results | ||||||
| Operating Income | -21↑10.1% | -23↓8.8% | -21↓23.8% | -17↓0.8% | -17 | |
| Depreciation & Amortization | 2↑12.5% | 2↑43.8% | 1↑24.8% | 1↑19.0% | 0.88 | |
| EBITDA | -19↑9.7% | -21↓4.7% | -20↓21.9% | -16↑8.8% | -18 | |
| EBIT | -21↑7.9% | -23↓7.1% | -21↓22.1% | -17↑7.5% | -19 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.84↓9.1% | 0.93↑41.0% | 0.66 | 0.00↓100.0% | 0.01 | |
| Interest Income | 0.84↓9.1% | 0.93↑41.0% | 0.66↑617.4% | 0.09↑562.9% | 0.01 | |
| Interest Expense | 0.00 | 0.00 | 0.00↓100.0% | 0.09 | 0.00 | |
| Non-Operating Income | 0.00↑100.0% | -0.55↓195.9% | -0.19↓306.2% | 0.09↓94.4% | 2 | |
| Other Income / Expenses | 0.45↓19.2% | 0.55↑195.9% | 0.19↑306.2% | -0.09↑94.4% | -2 | |
| Income Before Tax | -20↑9.9% | -23↓7.1% | -21↓22.1% | -17↑7.5% | -19 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -20↑9.9% | -23↓7.1% | -21↓22.1% | -17↑7.5% | -19 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -20↑9.9% | -23↓7.1% | -21↓22.1% | -17↑7.5% | -19 | |
| Bottom-Line Net Income | -20↑9.9% | -23↓7.1% | -21↓22.1% | -17↑7.5% | -19 | |
| EPS (Basic) | -0.16↑15.8% | -0.19↓5.6% | -0.18↓20.0% | -0.15↑11.8% | -0.17 | |
| EPS (Diluted) | -0.16↑15.8% | -0.19↓5.6% | -0.18↓20.0% | -0.15↑11.8% | -0.17 | |
| Weighted Average Shares | 129↑6.4% | 121↑4.7% | 115↑3.3% | 112↑6.3% | 105 | |
| Weighted Average Diluted Shares | 129↑6.4% | 121↑4.7% | 115↑3.3% | 112↑6.3% | 105 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.