Lightwave Logic, Inc. SEC 10-Q Report

Lightwave Logic, Inc., a leading developer of high-performance electro-optic polymer materials for fiber optic data communications and telecommunications markets, has released its Form 10-Q report for the first quarter of 2025. The report highlights the company's financial performance and operational achievements, reflecting its ongoing efforts to innovate and expand in the photonics industry.

Financial Highlights

• Net Sales: $22,917. During the three months ended March 31, 2025, 100% of the Company’s net sales were generated internationally.
• Gross Profit: $20,889. This reflects a decrease in the cost of sales compared to the previous year.
• Loss from Operations: $(4,905,381). This decreased from the prior year due to reduced research and development expenses.
• Net Loss: $(4,697,024). Improved from the previous year due to cost reductions in various operational areas.
• Basic and Diluted Loss Per Share: $(0.04). This reflects the company's ongoing investment in research and development and administrative expenses.

Business Highlights

• Geographical Performance: During the three months ended March 31, 2025, 100% of the Company’s net sales were generated internationally, indicating a shift from the previous year where 45% of sales were domestic and 55% were international.
• Revenue Segments: The Company’s primary revenue stream includes technology license and material supply agreements, with a focus on providing Perkinamine® chromophore materials for polymer-based photonic devices and photonic integrated circuits (PICs).
• Sales Units: The Company is in various stages of materials development and evaluation with potential customers and strategic partners, aiming to increase its revenue stream from technology licensing agreements and direct sales of its electro-optic materials.
• New Product Launches: The Company is focusing on the development of high-performance electro-optic polymer materials, targeting applications in fiber optic data communications and telecommunications markets, particularly for ultra-high bandwidth optical connections.
• Future Outlook: The Company expects to incur approximately $1,796,000 of expenditures per month over the next 12 months, with its current cash position enabling it to finance operations through May 2026. The Company plans to expand its activities and operations to increase its revenue stream from the commercialization of its electro-optic polymer technology.
• Business Strategy: The Company’s strategy includes partnering with silicon-based foundries to scale its high-performance polymer optical engines, developing proprietary intellectual property, and growing its commercial material manufacturing capabilities.
• Operational Focus: The Company is working with potential and existing customers to integrate its proprietary materials into customer-specific PIC and device architectures, and is providing Process Development Kits (PDKs) to enable efficient integration of its materials into customer design and manufacturing plans.

SEC Filing: Lightwave Logic, Inc. [ LWLG ] - 10-Q - May. 13, 2025