--- title: "Lightwave Logic | 10-Q: FY2026 Q1 Revenue: USD 29.17 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/286610251.md" datetime: "2026-05-15T20:25:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286610251.md) - [en](https://longbridge.com/en/news/286610251.md) - [zh-HK](https://longbridge.com/zh-HK/news/286610251.md) --- # Lightwave Logic | 10-Q: FY2026 Q1 Revenue: USD 29.17 K Revenue: As of FY2026 Q1, the actual value is USD 29.17 K. EPS: As of FY2026 Q1, the actual value is USD -0.04. EBIT: As of FY2026 Q1, the actual value is USD -7.187 M. Lightwave Logic, Inc. operates as a single reportable segment, meaning all financial metrics are reported on a company-wide basis . #### Revenue Net Sales for the three months ended March 31, 2026, were $29,167, an increase from $22,917 for the same period in 2025 . This revenue primarily originated from a material supply license agreement that began in May 2023, and a non-recurring engineering joint development arrangement for electro-optical polymer-based modulator chips . #### Operational Costs and Expenses - **Cost of Sales**: $1,336 for the three months ended March 31, 2026, decreased from $2,028 for the same period in 2025 . - **Research and Development (R&D) Expenses**: Increased to $3,490,295 for the three months ended March 31, 2026, from $3,089,218 in 2025 . This rise was mainly due to higher salary and employee benefits, along with prototype device development and wafer fabrication expenses . - **General and Administrative (G&A) Expenses**: Increased to $3,262,866 for the three months ended March 31, 2026, from $1,837,052 in 2025 . This was primarily driven by increases in non-cash stock-based compensation, salary and employee benefits, payroll taxes, director fees, recruiting fees, and travel expenses . - **Total Cost and Expense**: $6,754,497 for the three months ended March 31, 2026, up from $4,928,298 for the same period in 2025 . - **Loss from Operations**: -$6,725,330 for the three months ended March 31, 2026, compared to -$4,905,381 for the same period in 2025 . - **Net Loss**: -$6,300,540 for the three months ended March 31, 2026, an increase from -$4,697,024 for the same period in 2025 . This was mainly due to increased G&A non-cash stock compensation, salary and benefits, prototype development, and a loss on disposal of expired patents, partially offset by increased interest income . #### Other Financial Items - **Interest Income**: $461,275 for the three months ended March 31, 2026, significantly higher than $187,848 in 2025, driven by higher cash balances . - **Gain (Loss) on Disposal of Property and Equipment and Intangible Assets**: -$36,409 for the three months ended March 31, 2026, compared to a gain of $28,800 in 2025 . - **Share-based Compensation**: Total share-based compensation was $1,717,529 for the three months ended March 31, 2026, an increase from $979,192 in 2025 . #### Cash Flow - **Net Cash Used in Operating Activities**: -$4,061,179 for the three months ended March 31, 2026, compared to -$3,490,131 for the same period in 2025 . - **Net Cash Used in Investing Activities**: -$621,410 for the three months ended March 31, 2026, down from -$899,422 for the same period in 2025 . - **Net Cash Provided by Financing Activities**: $10,767,985 for the three months ended March 31, 2026, significantly up from $1,766,918 for the same period in 2025, primarily from common stock sales and option exercises . - **Net Increase (Decrease) in Cash and Cash Equivalents**: $6,085,396 for the three months ended March 31, 2026, a turnaround from a decrease of -$2,622,635 in 2025 . - **Cash and Cash Equivalents (End of Period)**: $75,102,750 as of March 31, 2026, compared to $25,045,329 as of March 31, 2025 . #### Balance Sheet Highlights - **Total Assets**: $85,913,064 as of March 31, 2026, up from $79,185,249 as of December 31, 2025 . - **Total Liabilities**: $4,601,157 as of March 31, 2026, compared to $4,539,419 as of December 31, 2025 . - **Total Stockholders’ Equity**: $81,311,907 as of March 31, 2026, up from $74,645,830 as of December 31, 2025 . #### Future Outlook and Strategy Lightwave Logic, Inc. anticipates its current cash position will fund operations through at least December 2027, supported by proceeds from stock sales and option exercises . The company expects increased cash requirements in 2026 and beyond due to accelerated development efforts, expansion of production capacity, and additional personnel hiring to support commercialization . Significant revenue from high-volume commercial production is not projected until 2027 at the earliest, with 2026 revenues primarily from material supply, non-recurring engineering arrangements, or prototype activities . ### Related Stocks - [LWLG.US](https://longbridge.com/en/quote/LWLG.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [FRONTERA ANNOUNCES FIRST QUARTER 2026 RESULTS | FECCF Stock News](https://longbridge.com/en/news/286507909.md) - [Guardian Capital Announces May 2026 Cash Distributions for Guardian Capital ETFs](https://longbridge.com/en/news/286857337.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)