Lightwave Logic, Inc.

LWLG

Miscellaneous Plastics Products

Mkt Cap

$399.7M

PE

-18.82

Debt

Cash

$31.51M

EV

FCF

-$17.08M

Market Cap

$399.7M

P/E Ratio

-18.82

Debt

Cash

$31.51M

EV

FCF

-$17.08M

Charts data: {"Earnings":[{"time":"2014-12-30","value":-4409797},{"time":"2015-12-30","value":-4845432},{"time":"2016-12-30","value":-4407208},{"time":"2017-12-30","value":-5749382},{"time":"2018-12-30","value":-5772958},{"time":"2019-12-30","value":-6726967},{"time":"2020-12-30","value":-6715564},{"time":"2021-12-30","value":-18631381},{"time":"2022-12-30","value":-17230480},{"time":"2023-12-30","value":-21038032}],"Sales":[{"time":"2014-12-30","value":2500},{"time":"2023-12-30","value":40502}],"Net Margins":[{"time":"2014-12-30","value":-1763.9188},{"time":"2023-12-30","value":-519.4319292874426}],"Assets":[{"time":"2014-12-30","value":4279423},{"time":"2015-12-30","value":5110025},{"time":"2016-12-30","value":3187408},{"time":"2017-12-30","value":5849770},{"time":"2018-12-30","value":5251264},{"time":"2019-12-30","value":6824856},{"time":"2020-12-30","value":7366778},{"time":"2021-12-30","value":27228575},{"time":"2022-12-30","value":29263472},{"time":"2023-12-30","value":41783585}],"Stockholders Equity":[{"time":"2014-12-30","value":4057582},{"time":"2015-12-30","value":5007068},{"time":"2016-12-30","value":3059522},{"time":"2017-12-30","value":5016715},{"time":"2018-12-30","value":4907062},{"time":"2019-12-30","value":4907714},{"time":"2020-12-30","value":5775446},{"time":"2021-12-30","value":25204272},{"time":"2022-12-30","value":27553023},{"time":"2023-12-30","value":36433814}],"ROE":[{"time":"2014-12-30","value":-1.0868041607045773},{"time":"2015-12-30","value":-0.9677184332227963},{"time":"2016-12-30","value":-1.4404890698612398},{"time":"2017-12-30","value":-1.1460451709933692},{"time":"2018-12-30","value":-1.1764591521362477},{"time":"2019-12-30","value":-1.3706925464686817},{"time":"2020-12-30","value":-1.1627784243848873},{"time":"2021-12-30","value":-0.7392152012960342},{"time":"2022-12-30","value":-0.625357152280532},{"time":"2023-12-30","value":-0.5774315036026698}],"ROA":[{"time":"2014-12-30","value":-1.0265832566680133},{"time":"2015-12-30","value":-0.9482695290140459},{"time":"2016-12-30","value":-1.2974736839463288},{"time":"2017-12-30","value":-0.944231653552191},{"time":"2018-12-30","value":-1.0666033930116634},{"time":"2019-12-30","value":-0.9259399758764141},{"time":"2020-12-30","value":-0.8959105323928589},{"time":"2021-12-30","value":-0.6242134595732608},{"time":"2022-12-30","value":-0.5857016556340273},{"time":"2023-12-30","value":-0.507980945148675}]}

Lightwave Logic, Inc., a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs. It also offers electro-optic modulators, which converts data from electric signals to optical signals for transmission over fiber-optic cables; and polymer photonic integrated circuits, a photonic device, which integrates various photonic functions on a single chip. In addition, the company provides the ridge waveguide modulator, a modulator that fabricates the waveguide within a layer of its electro-optic polymer system. It focuses on selling its products to electro-optic device manufacturers, contract manufacturers, original equipment manufacturers, semiconductor companies, optical network companies, Web 2.0/3.0 media companies, computing companies, telecommunications companies, aerospace companies, automotive companies, and government agencies. 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.

Sector

10-Q
9/30/23
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10-K
12/31/22
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10-Q
3/31/18
10-K
12/31/17

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth -

Earnings Stability -

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Data are missing

Over time the ROA has been increasing indicating a higher marginal ROA with respect to the calculated one, giving a good sign for continued growth.

Years	12-2015	12-2016	12-2017	12-2018	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Net Margin	-	-	-	-	-	-	-	-	-52K%	-
ROA	-95%	-130%	-94%	-110%	-93%	-90%	-62%	-59%	-51%	-53%
ROE	-97%	-140%	-110%	-120%	-140%	-120%	-74%	-63%	-58%	-57%

What is the average Net Margin?

The average Net Margin over the past 5 years is -51.94K%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is -76.77%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +11.67%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -94.2%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +16.16%.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Data are missing

Years	12-2015	12-2016	12-2017	12-2018	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Debt FCF	-	-	-	-	-	-	-	-	-	-
Debt Equity	-	-	-	-	-	-	-	-	-	-
MIN
Graham Stability	-	-	-	-	-	-	-	-	-	-

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Data are missing

Years	12-2016	12-2018	12-2020	12-2022	Trend
Revenue	-	-	-	-	-
Net Income	-	-	-	-	-
Stockholders Equity	42%	49%	85%	32%	12%
FCF	-	-	-	-	-

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +29.52%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +49.33%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +12.41%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +23.35%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.