Lightwave Logic Inc (LWLG)

NASD · Basic Materials · Specialty Chemicals · USA

Lightwave Logic Inc is a small cap company (market value between $300 million and $2 billion) in the Specialty Chemicals industry.

Lightwave Logic develops proprietary polymer materials used to create high-speed optical modulators for data communications and photonic applications. The company generates revenue through material supply, intellectual property licensing, and production-based fees from customers including semiconductor foundries, device designers, and module manufacturers serving artificial intelligence, cloud computing, data center, and telecommunications sectors. The company does not manufacture finished optical devices.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Lightwave Logic Inc stock.

Our verdict on LWLG

Not valued: We cannot value this company yet.

We do not publish a value for this company: its filings cover three fiscal years and projecting growth needs four in a row.

ETFs with the most weight in LWLG

• Invesco Dorsey Wright SmallCap Momentum ETF (DWAS): 0.5% of the fund
• JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE): 0.1% of the fund
• Fidelity Enhanced Small Cap Growth ETF (FSEG): 0.1% of the fund

17 more funds hold it; the full list is part of the paid plan.

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Cheaper than LWLG in Specialty Chemicals

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39 more in this industry show a wider margin of safety.

Is LWLG undervalued or overvalued?

We do not publish a verdict on LWLG yet. A discounted cash flow projects five years of revenue, so it needs this company’s own growth history: four consecutive fiscal years of accounts, which give three year-on-year growth rates. Its filings on our archive cover three fiscal years so far; the next annual report should close the gap. We could plug in a generic rate, but that would be a valuation of an average company, not of this one.

What is the intrinsic value of LWLG?

We do not publish one (as of the 2026-10-30 close). A discounted cash flow projects five years of revenue, so it needs this company’s own growth history: four consecutive fiscal years of accounts, which give three year-on-year growth rates. Its filings on our archive cover three fiscal years so far; the next annual report should close the gap. We could plug in a generic rate, but that would be a valuation of an average company, not of this one.