Lightwave Logic(LWLG)

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Lightwave Logic(LWLG) - 2024 Q4 - Annual Report
2025-03-18 21:03
Revenue and Income - For the year ended December 31, 2024, the company recognized $81,855 in licensing and royalty revenue and $13,750 in revenue for device processing work, compared to $40,502 in licensing and royalty revenue for the year ended December 31, 2023, indicating a significant increase in revenue [220]. - Other income increased by 196% to $554,102 in 2024, compared to $187,233 in 2023, mainly due to increased interest income and a decrease in commitment fees [226]. Operating Expenses - The company's total operating expenses for the year ended December 31, 2024, were $23,177,353, up 9% from $21,263,254 in 2023, driven by increases in research and development and general administrative expenses [222]. - Research and development expenses increased by $902,859 (6%) to $16,806,548 in 2024, primarily due to higher salary and benefits, equipment depreciation, and prototype development costs [222]. - General and administrative expenses rose by $1,011,240 (19%) to $6,370,805 in 2024, attributed to increases in salary, consulting fees, and investor relations expenses [225]. Net Loss - The net loss for the year ended December 31, 2024, was $22,535,041, an increase of $1,497,009 (7%) from the net loss of $21,038,032 in 2023, primarily due to rising operational costs [227]. Cash Flow and Financing - Net cash used in operating activities was $15,550,515 for the year ended December 31, 2024, primarily due to a net loss of $22,535,041 [240]. - Net cash provided by financing activities was $14,484,291 for the year ended December 31, 2024, including $12,366,965 from the resale of common stock [242]. - The company received $12,366,965 in proceeds from the 2023 Purchase Agreement with Lincoln Park during the year ended December 31, 2024 [231]. - The company has entered into a 2025 Purchase Agreement with Lincoln Park to sell up to $30 million of common stock over a 36-month period [235]. Assets and Liabilities - As of December 31, 2024, the company's cash and cash equivalents totaled $27,667,964, with total assets of $37,807,983 and stockholders' equity of $33,423,905 [243]. - The company had total liabilities of $4,384,078 as of December 31, 2024 [243]. - The company has a cash position that allows it to finance operations through April 2026 without needing to replenish cash reserves [234]. Strategic Focus and Growth - The company commenced commercial operations in May 2023, with a material supply license agreement for Perkinamine® chromophore materials, marking a significant step in its business strategy [215]. - The company is focusing on scaling its polymer modulator devices through partnerships with silicon-based foundries, which will enhance production efficiency and capital utilization [210]. - The company aims to expand its applications beyond telecommunications to sectors such as automotive, aerospace, and defense, leveraging its proprietary polymer technology [212]. - The company plans to continue incurring substantial research and development expenses to support the commercialization of its electro-optic materials platform and enhance its product offerings [224]. - The company plans to increase spending on research and development, marketing, and workforce expansion as part of its growth strategy [238]. Future Expenditures - The company expects to incur approximately $1,727,000 in expenditures per month over the next 12 months [233]. - Net cash used by investing activities was $2,697,899 for the year ended December 31, 2024, primarily for asset additions for the Colorado headquarters facility and labs [241].
Lightwave Logic to Host Annual Meeting of Shareholders on May 15, 2025
Prnewswire· 2025-03-17 12:30
Core Points - Lightwave Logic, Inc. is hosting its Annual Meeting of Shareholders on May 15, 2025, at 10:00 a.m. Mountain time in Englewood, Colorado [1][2] - The company specializes in proprietary electro-optic (EO) polymers that enable high-speed data transmission with lower power consumption [3] Company Overview - Lightwave Logic, Inc. is a technology platform company focused on engineered electro-optic (EO) polymers for telecommunications and data transmission applications [3] - The company's products are designed to support next-generation photonic EO devices that convert electrical signals into optical signals, potentially benefiting generative AI applications [3]
Lightwave Logic to Attend the 37th Annual ROTH Conference
Prnewswire· 2025-03-11 12:30
Group 1 - Lightwave Logic, Inc. will participate in the 37th Annual ROTH Conference on March 17-18, 2025, where President Tom Zelibor and CFO Jim Marcelli will meet with investors [1] - The ROTH Conference will feature various formats including 1-on-1 meetings, fireside chats, and panels with executives from around 450 companies across multiple growth sectors [2] - Lightwave Logic specializes in proprietary electro-optic (EO) polymers that enable high-speed data transmission with lower power consumption, targeting applications in telecommunications and generative AI [4] Group 2 - ROTH is an investment bank focused on growth companies, providing services such as capital raising, equity research, and M&A advisory [3]
Lightwave Logic and Polariton Technologies Expand Technical Partnership to Accelerate Introduction of 400Gb/s per lane and beyond for AI and Datacenter Optical Links
Prnewswire· 2025-03-10 20:01
Core Viewpoint - Lightwave Logic, Inc. and Polariton Technologies AG are advancing their collaboration to develop high-speed electro-optic solutions by combining plasmonics and electro-optic polymers, aiming to enhance data transmission capabilities for next-generation AI applications [1][3]. Group 1: Collaboration Details - The partnership will focus on developing technical solutions for faster adoption of combined plasmonics and polymer-based products, including manufacturing transmitter photonic integrated circuits (PICs) with superior electro-optic performance [2]. - Both companies will engage in extensive qualification and reliability programs, high-speed RF and optical testing, and back-end manufacturing process integration [2]. Group 2: Technological Advancements - The collaboration aims to address bandwidth and form factor limitations of traditional materials, enabling modulation frequencies of up to 800 GHz in the future [3]. - Applications are targeted at next-generation AI clusters and optical networking links, with capabilities to deliver 400 Gb/s per lane and scale to 800 Gb/s per lane, critical for achieving future bandwidths of 3.2 Tb/s and 6.4 Tb/s [3]. Group 3: Product Development - Polariton has developed O-band products utilizing Lightwave Logic's electro-optic polymer, which are currently available for sampling with select customers [4]. - Lightwave Logic's high-performance electro-optic polymer materials are integral to the development of innovative solutions for telecommunications and data transmission, particularly in support of generative AI [5]. Group 4: Company Profiles - Lightwave Logic, Inc. specializes in engineered electro-optic polymers for high-speed data transmission with lower power consumption [5]. - Polariton Technologies AG designs and manufactures high-performance photonic integrated circuits for ultra-high-bandwidth and low-power applications across various markets, including communication and quantum technologies [6].
Lightwave Logic to Host Special Call on March 13, 2025
Prnewswire· 2025-03-03 21:01
Core Insights - Lightwave Logic, Inc. will host a special call on March 13, 2025, to discuss the application of electro-optic polymers, its competitive position, and go-to-market strategy [1] - The call will be available via webcast at 4:30 pm Eastern Time, including a Q&A session for investors [2] - A replay of the webcast will be accessible on the company's website shortly after the call [3] Company Overview - Lightwave Logic, Inc. is a technology platform company that utilizes proprietary engineered electro-optic (EO) polymers to enhance data transmission speed and reduce power consumption in a compact form [4] - The company's high-activity and high-stability organic polymers enable the development of next-generation photonic EO devices, converting electrical signals into optical signals for telecommunications and data transmission, potentially supporting generative AI applications [4]
Lightwave Logic to Attend the 2025 SPIE Photonics West Conference
Prnewswire· 2025-01-27 21:30
Core Insights - Lightwave Logic, Inc. is participating in the 2025 SPIE Photonics West Conference, focusing on advancements in optical interconnects [1] - CEO Yves LeMaitre will discuss new materials for wafer scale manufacturing, highlighting the company's expertise in silicon photonics and EO polymers [1][3] - The company's proprietary engineered electro-optic polymers enable high-speed data transmission with reduced power consumption, relevant for telecommunications and generative AI applications [3] Company Overview - Lightwave Logic, Inc. is a technology platform company specializing in engineered electro-optic (EO) polymers [3] - The company's products are designed to convert electrical signals into optical signals, facilitating faster and more efficient data transmission [3] - The high activity and stability of the company's organic polymers position it for next-generation photonic EO devices [3]
Lightwave Logic: Reflexivity Risks Back Amid Trumpflation
Seeking Alpha· 2025-01-17 15:18
Group 1 - The Value Lab focuses on long-only value investment ideas, aiming for a portfolio yield of about 4% and has performed well over the last 5 years by engaging in international markets [1][2] - Lightwave Logic, Inc. (NASDAQ: LWLG) is experiencing a shift in perception following the Trump win, indicating a reflexivity case that contrasts with previous coverage [2] - The Valkyrie Trading Society consists of analysts sharing high conviction investment ideas that are expected to generate non-correlated and outsized returns in the current economic environment [3]
Lightwave Logic Director Frederick Leonberger to Retire from Board of Directors and Transition to Company's Advisory Board
Prnewswire· 2025-01-03 01:30
Company Transition - Dr. Frederick J. Leonberger has transitioned from the Board of Directors to the Advisory Board of Lightwave Logic, Inc. following his retirement on December 31, 2024, concluding an eight-year tenure on the Board [1][2] Company Overview - Lightwave Logic, Inc. is a technology platform company that utilizes proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with reduced power consumption in a compact form factor [2] - The company's high activity and high stability organic polymers enable the creation of next-generation photonic EO devices that convert electrical signals into optical signals, applicable in telecommunications and potentially supporting generative AI data transmission [2]
Lightwave Logic to Host Corporate Update Call on January 9, 2025
Prnewswire· 2024-12-23 13:30
Company Overview - Lightwave Logic, Inc. is a technology platform company that utilizes proprietary engineered electro-optic (EO) polymers to enhance data transmission speeds while reducing power consumption in a compact form factor [3]. Upcoming Investor Call - The CEO Yves LeMaitre and President Tom Zelibor will host a call on January 9, 2025, to discuss the company's market outlook, go-to-market strategies, and strategic priorities [2][5]. - The investor call will be available via webcast at 4:30 PM Eastern Time, and investors can submit questions in advance [7]. Technology and Applications - The company's high activity and high stability organic polymers enable the development of next-generation photonic EO devices, which convert electrical signals into optical signals [3]. - These technologies are applicable in telecommunications and data transmission, potentially supporting generative AI applications [3].
Kuehn Law Encourages Investors of Lightwave Logic, Inc. to Contact Law Firm
GlobeNewswire News Room· 2024-12-19 17:12
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Lightwave Logic, Inc. related to self-dealing, which may entitle shareholders to damages and corporate governance reforms [1]. Group 1 - The investigation focuses on whether certain officers and directors of Lightwave Logic, Inc. have engaged in self-dealing that could harm shareholder interests [1]. - Shareholders are encouraged to contact Kuehn Law for potential legal action, as the firm covers all case costs and offers free consultations [2]. - The firm emphasizes the importance of shareholder participation in maintaining the integrity and fairness of financial markets [3].