Highway Holdings vs Lightwave Logic
Highway Holdings is the larger business, with $4.8m of revenue in fiscal 2026 against $236,855 for Lightwave Logic (20.3 times as much). Lightwave Logic grew faster (147.7% against -35.2%). Highway Holdings kept more of each dollar of sales as profit: a net margin of -31.7% against -8576.5%.
| Latest fiscal year | Highway HoldingsHIHO, 2026 | Lightwave LogicLWLG, 2025 |
|---|---|---|
| Revenue | $4.8m | $236,855 |
| Revenue growth | -35.2% | 147.7% |
| Net income | −$1.5m | −$20.3m |
| Operating margin | — | -8765.5% |
| Net margin | -31.7% | -8576.5% |
| Return on equity | -27.3% | -37.6% |
| Free cash flow | −$1.5m | −$15.1m |
| Cash | $4.4m | $69.0m |
| Total debt | $569,000 | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 34 |
| Market value | $3.9m | $730m |
| Price vs our value range | — | — |
| Moat score | 24 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 12 sales |