Executive leadership at Lightwave Logic.
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Recent press releases and 8-K filings for LWLG.
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
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