Lightwave Logic, Inc. income statement
In fiscal 2025, Lightwave Logic, Inc. reported revenue of $236,855, up 147.7% on the year before, operating income of −$20.8m (a -8765.5% margin) and net income of −$20.3m, or −$0.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2014Dec 2014 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | 0 | 0 | 0 | 0 |
| Gross profit | — | — | 0 | 0 | 0 | 0 |
| Research and development | 2 | 3 | 16 | 17 | 11 | 13 |
| General and administrative | 2 | 2 | 5 | 6 | 10 | 11 |
| Operating income | — | −4 | −21 | −23 | −21 | −24 |
| Interest expense | 0 | 0 | 1 | — | — | — |
| Income before tax | — | — | — | −23 | −20 | — |
| Net income | −4 | −4 | −21 | −23 | −20 | −23 |
| Diluted EPS | −$0.04 | −$0.04 | −$0.18 | −$0.19 | −$0.16 | −$0.16 |
| Diluted shares (average) | — | 111m | 115m | 121m | 129m | 142m |
| EBITDA | — | −4 | −20 | −21 | −19 | −22 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 23 | 23 | 26 | 29 | 159 | 29 | 33 |
| Cost of revenue | 1 | 1 | 2 | 3 | 0 | 1 | 1 | 0 |
| Gross profit | 22 | 22 | 21 | 22 | 29 | 158 | 28 | 33 |
| Research and development | 3,828 | 3,995 | 3,089 | 2,621 | 2,917 | 2,841 | 3,490 | 3,879 |
| General and administrative | 1,490 | 1,728 | 1,837 | 2,301 | 2,291 | 2,388 | 3,263 | 3,423 |
| Operating income | −5,297 | −5,702 | −4,905 | −4,900 | −5,179 | −5,071 | −6,725 | −7,269 |
| Income tax | 0 | — | 0 | 0 | 0 | — | 0 | 0 |
| Net income | −5,301 | −5,535 | −4,697 | −4,967 | −5,101 | −4,844 | −6,301 | −6,614 |
| Diluted EPS | −$0.04 | −$0.05 | −$0.04 | −$0.04 | −$0.04 | −$0.04 | −$0.04 | −$0.04 |
| EBITDA | −4,910 | −5,259 | −4,450 | −4,439 | −4,715 | −4,602 | −6,229 | −6,798 |
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