Lightwave Logic Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	0.24	0.1	0.04	-	-
Revenue Growth (YoY)	147.74%	136.05%	-	-	-
Cost of Revenue	0.01	0.01	0	-	-
Gross Profit	0.23	0.09	0.04	-	-
Selling, General & Admin	9.5	6.37	5.36	4.33	4.52
Research & Development	11.49	16.81	15.9	12.81	12.48
Total Operating Expenses	20.99	23.18	21.26	17.14	17
Operating Income	-20.76	-23.09	-21.23	-17.14	-17
Interest Income	0.84	0.93	0.66	0.09	0.01
Interest Expense	-0.37	-0.15	-0.67	-0.21	-2.06
Other Non-Operating Income (Expense)	-0.02	-0.22	0.2	0.03	0.41
Total Non-Operating Income (Expense)	0.45	0.55	0.19	-0.09	-1.63
Pretax Income	-20.31	-22.54	-21.04	-17.23	-18.63
Net Income	-20.31	-22.54	-21.04	-17.23	-18.63
Net Income to Common	-20.31	-22.54	-21.04	-17.23	-18.63
Shares Outstanding (Basic)	129	121	115	112	105
Shares Outstanding (Diluted)	129	121	115	112	105
Shares Change (YoY)	6.66%	4.45%	3.27%	6.26%	14.55%
EPS (Basic)	-0.16	-0.19	-0.18	-0.15	-0.18
EPS (Diluted)	-0.16	-0.19	-0.18	-0.15	-0.18
Shares Outstanding	146.05	123.3	118.14	112.88	110.56
Free Cash Flow	-15.08	-17.82	-15.53	-11.84	-11.4
Free Cash Flow Per Share	-0.12	-0.15	-0.13	-0.11	-0.11
Gross Margin	97.12%	92.27%	93.80%	-	-
Operating Margin	-8765.46%	-24150.56%	-52405.47%	-	-
Profit Margin	-8576.47%	-23570.99%	-51943.19%	-	-
FCF Margin	-6367.17%	-18637.01%	-38339.46%	-	-
EBITDA	-18.1	-20.77	-19.66	-15.82	-15.95
EBITDA Margin	-7642.33%	-21721.95%	-48537.34%	-	-
EBIT	-20.76	-23.09	-21.23	-17.14	-17
EBIT Margin	-8765.46%	-24150.56%	-52405.47%	-	-

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q