Lightwave Logic Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	0.1	0.1	0.04	-	-	-
Revenue Growth (YoY)	-11.12%	136.05%	-	-	-	-
Cost of Revenue	0.01	0.01	0	-	-	-
Gross Profit	0.09	0.09	0.04	-	-	-
Selling, General & Admin	9.24	6.88	5.69	4.47	4.65	2.14
Research & Development	12.25	16.29	15.57	12.67	12.34	4.46
Operating Expenses	21.84	23.33	21.94	17.35	19.06	6.72
Operating Income	-21.75	-23.24	-21.9	-17.35	-19.06	-6.72
Interest & Investment Income	0.75	0.93	0.66	0.09	0.01	0
Other Non Operating Income (Expenses)	0	-0.01	-0.01	0.03	-	-
EBT Excluding Unusual Items	-21	-22.32	-21.25	-17.23	-19.04	-6.72
Gain (Loss) on Sale of Assets	-0.01	-0.21	0.22	-	-	-
Other Unusual Items	-	-	-	-	0.41	-
Pretax Income	-21	-22.54	-21.04	-17.23	-18.63	-6.72
Net Income	-21	-22.54	-21.04	-17.23	-18.63	-6.72
Net Income to Common	-21	-22.54	-21.04	-17.23	-18.63	-6.72
Shares Outstanding (Basic)	125	121	115	112	105	92
Shares Outstanding (Diluted)	125	121	115	112	105	92
Shares Change (YoY)	5.05%	4.45%	3.27%	6.26%	14.55%	10.28%
EPS (Basic)	-0.17	-0.19	-0.18	-0.15	-0.18	-0.07
EPS (Diluted)	-0.17	-0.19	-0.18	-0.15	-0.18	-0.07
Free Cash Flow	-14.86	-17.82	-15.53	-11.84	-11.4	-5.03
Free Cash Flow Per Share	-0.12	-0.15	-0.13	-0.11	-0.11	-0.06
Gross Margin	93.56%	92.27%	93.80%	-	-	-
Operating Margin	-21617.44%	-24311.86%	-54068.55%	-	-	-
Profit Margin	-20877.94%	-23570.99%	-51943.19%	-	-	-
Free Cash Flow Margin	-14768.53%	-18637.01%	-38339.46%	-	-	-
EBITDA	-19.87	-21.56	-20.78	-16.3	-18.18	-5.93
D&A For EBITDA	1.88	1.68	1.12	1.05	0.88	0.78
EBIT	-21.75	-23.24	-21.9	-17.35	-19.06	-6.72

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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