Executive leadership at Lightwave Logic.
Board of directors at Lightwave Logic.
Research analysts covering Lightwave Logic.
Recent press releases and 8-K filings for LWLG.
Lightwave Logic Discusses Commercialization Progress and Market Opportunity at Needham Conference
LWLG
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Lightwave Logic is transitioning from research to commercialization, leveraging its Perkinamine electro-optic polymer material for high-speed, low-power AI networking hardware.
- The company addresses a serviceable market for modulators in AI networking projected to reach $1-$2.5 billion by 2028, with a business model aiming for gross margins exceeding 60% at scale.
- Lightwave Logic has advanced three customers to stage three of design win cycles, including two Fortune Global 500 companies, and anticipates generating commercial revenue in 2027.
- With over $70 million in cash and no debt at the start of 2025, the company plans to invest $25 million-$28 million in 2025 to scale material production, enhance back-end processes, and support application engineering.
- Beyond AI networking, Lightwave Logic is expanding into new markets, notably through a partnership with Elevate Quantum for quantum applications.
Jan 16, 2026, 8:00 PM
Lightwave Logic Discusses Commercialization Progress and Market Opportunity
LWLG
New Projects/Investments
Guidance Update
Product Launch
- Lightwave Logic is transitioning from a research phase to productization and commercialization, driven by its electro-optic polymer material, Perkinamine, which achieved a significant reliability breakthrough in mid-2025.
- The company targets the AI networking market, with a serviceable addressable market (SAM) for modulators projected to reach $1-$2.5 billion by 2028, and anticipates gross margins over 60% at scale.
- Lightwave Logic has secured three customers at stage three of design win cycles, including two Fortune Global 500 companies, with commercial revenue anticipated in 2027.
- The company's burn rate is projected to increase from approximately $20 million in 2025 to $25 million-$28 million in 2026, primarily to scale material production for volume in 2027-2028 and expand foundry engagements.
- Lightwave Logic is also exploring new markets, such as quantum computing, having entered a partnership with Elevate Quantum in 2026.
Jan 16, 2026, 8:00 PM
Lightwave Logic Discusses AI Networking Market and Commercialization Progress
LWLG
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Lightwave Logic (LWLG) is focused on providing electro-optic polymer materials for AI networking, projecting a serviceable addressable market (SAM) of $1-$2.5 billion by 2028.
- The company has transitioned from a research phase to productization, securing three customers at stage three design win cycles, including two Fortune Global 500 companies.
- LWLG anticipates achieving commercial revenue in 2027, with 2026 dedicated to demonstrating progress in customer traction and foundry enablement.
- The business model, combining material sales and IP, is designed to generate gross margins higher than 60% at scale.
- Financially, LWLG entered 2026 with over $70 million in cash and no debt, providing multiple years of operational runway after a public offering in late 2025.
Jan 16, 2026, 8:00 PM
Lightwave Logic Investor Presentation Highlights Market Opportunity and Strategic Initiatives
LWLG
New Projects/Investments
Revenue Acceleration/Inflection
- Lightwave Logic projects a $24 billion total addressable market (TAM) and a $1.0 – 2.5 billion serviceable addressable market (SAM) for its electro-optic polymer modulators by 2028, driven by AI, datacenter, and telecom applications. The company's polymer technology aims to address scaling challenges in AI infrastructure.
- The company's business model focuses on material sales and IP/PDK licensing, targeting 60%+ gross margin at scale. They currently have three customers in Stage 3 (Production Ramp to High Volume) and over 15 in Stages 1 & 2 (Technology Selection and Product Design) of their design win cycle.
- Lightwave Logic and QPICs announced a partnership to advance the use of electro-optic polymers in quantum processors, aiming to jointly develop Process Design Kits (PDKs) for PIC-based quantum solutions. This expands their potential into quantum computing, which has a projected TAM of $28 billion by 2035.
- The company reported a robust balance sheet with a $35 million cash position as of September 30, 2025, and subsequently raised an additional $35 million in December 2025 through a public offering. It also holds a strong patent portfolio with over 80 U.S. and international patents and applications.
Jan 16, 2026, 12:00 PM
Lightwave Logic, Inc. Announces Pricing and Closing of Public Offering
LWLG
New Projects/Investments
M&A
- Lightwave Logic, Inc. announced the pricing of an underwritten public offering of 11,666,667 shares of common stock at $3.00 per share.
- The offering generated $35 million in gross proceeds and approximately $32.8 million in net proceeds for the company.
- The offering closed on December 17, 2025, and the company anticipates a total cash position of approximately $70 million following the closing.
- The net proceeds will be used to accelerate commercialization, expand U.S. production capacity, onboard design-ins, pursue strategic M&A, and for general corporate purposes.
Dec 17, 2025, 9:27 PM
Lightwave Logic Reports Q3 2025 Financials, Announces Key Customer Engagements, and CFO Retirement
LWLG
CFO Change
New Projects/Investments
Guidance Update
- Lightwave Logic reported Q3 2025 revenues of $29,000 and a net loss of $5.1 million, with a cash balance of $34.9 million as of September 30, 2025.
- The company announced significant customer traction, with two Fortune Global 500 companies engaging in advanced stages of design win cycles for AI networking and data center applications, including one reaching stage three on November 4th.
- Lightwave Logic expects first production revenues in 2027, with any revenues in 2026 anticipated from prototypes or engineering programs.
- Chief Financial Officer Jim Marcelli will retire at the end of 2025, and the company is actively recruiting a new CFO.
Nov 25, 2025, 9:30 PM
Lightwave Logic Provides Q3 2025 Financial Update and Commercialization Progress
LWLG
Guidance Update
New Projects/Investments
CFO Change
- Lightwave Logic reported Q3 2025 revenues of $29,000, a net loss of $5.1 million, and an EPS of $0.04 per share, with a cash balance of $34.9 million as of September 30, 2025.
- The company announced significant customer traction, securing engagements with two Fortune Global 500 companies; one has reached stage three of the design win cycle for data center and AI networking, and the second has launched a technical program for 400G Co-Package Optics.
- Lightwave Logic expects its first production revenues in 2027, with 2026 revenues anticipated from prototypes or engineering programs.
- To support growth, the company plans to expand polymer production in 2026 and is adding engineering resources and semiconductor foundry relationships.
- CFO Jim Marcelli will retire at the end of 2025, and the search for a new CFO is underway.
Nov 25, 2025, 9:30 PM
Lightwave Logic Reports Q3 2025 Financials and Commercial Progress
LWLG
CFO Change
Guidance Update
New Projects/Investments
- Lightwave Logic reported revenues of $29,000 and a net loss of $5.1 million, or $0.04 per share, for the third quarter of 2025.
- The company's cash balance stood at $34.9 million as of September 30, 2025, an increase of $12.8 million from June 2025, with $69.7 million remaining available under its July 2024 shelf registration as of November 5, 2025.
- Lightwave Logic has gained two Fortune Global 500 companies as customers, with one reaching stage three of the design win cycle for AI networking and data center transceiver applications, and another provisionally entering stage three for 400G Co-Package Optics.
- The company anticipates its first production revenues in 2027, with any 2026 revenues expected from prototypes or engineering programs.
- CFO Jim Marcelli is set to retire at the end of 2025, and Lightwave Logic is actively recruiting a new CFO.
Nov 25, 2025, 9:30 PM
Lightwave Logic, Inc. Extends CEO's Contract and Announces CFO's Retirement
LWLG
CEO Change
CFO Change
Executive Compensation
- Lightwave Logic, Inc. (LWLG) announced on September 16, 2025, that its Board and CEO Yves LeMaitre have extended his employment agreement for an additional three years, through December 31, 2028.
- Under the new agreement, effective September 12, 2025, Mr. LeMaitre's annual base salary is $500,000 and he is eligible for an annual cash bonus of up to $300,000. He will also receive 826,617 restricted stock units and modifications to existing RSUs, vesting over two years.
- CFO and COO Jim Marcelli will retire from his roles and the Board of Directors on December 31, 2025, with the company initiating a search for his replacement.
Sep 16, 2025, 9:10 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more