LWLGLightwave Logic, Inc.
Miscellaneous Plastics Products
- Revenue
- $237K
- 1623% YoY
- Operating margin
- -8765.5%
- 95% YoY
- EBITDA
- −$19M
- 12% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired20× of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | — | $41K | $14K | $237K | 1623% |
| Operating income | −$17M | −$17M | −$21M | −$23M | −$21M | 10% |
| Net income | −$19M | −$17M | $21M | −$23M | −$20M | 9.9% |
| Operating cash flow | −$10M | −$11M | −$12M | −$16M | −$14M | 12% |
| Capex | $1M | $1M | $3M | $2M | $1M | 41% |
| Stock-based comp | $1M | $6M | $7M | $5M | $5M | 4.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 75 | — |
| FY2024 | — | — | 49 | — |
| FY2023 | — | — | 116 | — |