Lightwave Logic, Inc.

Industrials
Containers/Packaging
www.lightwavelogic.com

Moat Score

Market Cap $102.44M
PE -5
Debt -
Cash $27.67M
EV -
FCF -$17.82M

Earnings

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Sales & Net Margins

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Earnings	-$22.54M
EBIT	-$23.09M
ROE	-67%
ROA	-61%
FCF	-$17.82M
Equity	$33.42M
Growth Stability	1
PE	-4.55
PB	3.06
P/FCF	-5.75
P/S	1.07K
Price/Cash	0.27
Net Margins	-24K%
Gross Margins	92%
Op. Margins	-24K%
Sales Growth YoY	-43%
Sales Growth QoQ	0%
Equity CAGR	36%

Earnings Growth YoY	12%
Earnings Growth QoQ	4%
Equity CAGR 5Y	59%
Equity CAGR 3Y	11%
Market Cap	$102.44M
Revenue	$95.61K
Assets	$37.81M
Cash	$27.67M
Shares Outstanding	120.6M
Moat Score	1%
Working Capital	26.33M
Current Ratio	15.75
Gross Profit	$88.21K
Shares Growth 3y	4%
Equity Growth QoQ	-0%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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Lightwave Logic Inc is a United States-based development stage company moving toward commercialization of next-generation electro-optic photonic devices made on its P2IC technology platform which uses in-house proprietary high-activity and high-stability organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. It designs and synthesizes organic chromophores for use in its own proprietary electro-optic polymer systems and photonic device designs.

SEC Filings

Direct access to Lightwave Logic, Inc. (LWLG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Lightwave Logic, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lightwave Logic, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Lightwave Logic, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Lightwave Logic, Inc..

Years

Calculation mode

= -$178M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$18M	-$178M
DCF		-$16M	-$15M	-$13M	-$12M	-$11M	-$10M	-$9.1M	-$8.3M	-$7.6M	-$6.9M	-$69M
Value	-$178M

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-	-	-	-	-	-	-	-52K%	-24K%	-24K%
ROA	-	-130%	-94%	-107%	-93%	-90%	-62%	-59%	-51%	-61%	-61%
ROE	-	-144%	-115%	-118%	-137%	-116%	-74%	-63%	-58%	-67%	-67%

Bad Net Margins (-23.57K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	-	-	136%	-
Earnings YoY growth	-	-9%	30%	0%	17%	-0%	177%	-8%	22%	7%	-
Equity YoY growth	-	-39%	64%	-2%	0%	18%	336%	9%	32%	-8%	59%
FCF YoY growth	-	-12%	40%	18%	-8%	1%	121%	6%	32%	15%	-