Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform leveraging its proprietary engineered electro- optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the compa ...

Summary of Lightwave Logic, Inc. Annual Meeting of Shareholders Call Company Overview - **Company**: Lightwave Logic, Inc. (NASDAQ: LWLG) - **Date of Meeting**: May 22, 2024 - **Participants**: - Michael Lebby - CEO - James Marcelli - President, COO, and Secretary - David Sido - Inspector of Election Key Points Discussed Corporate Governance - The meeting included the election of two Class I Directors, Siraj Nour El-Ahmadi and Dr. Frederick J. Leonberger, to serve until the 2027 Annual Meeting [20][12] - Ratification of Morison Cogen LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024 [20][13] - Advisory votes on executive compensation and the frequency of such votes were conducted, with results showing approval for annual advisory votes [20][15][20][17] Financial Position - The company reported having cash equivalents of $31 million and no debt, indicating a robust financial position [28] - The company believes it is undervalued by the market, with sufficient cash to last for the next 18 months [28] Market Dynamics - The industry is experiencing tight space in data centers, driving demand for smaller, more efficient technologies [29] - The need for speed in data transmission has increased, particularly due to the rise of artificial intelligence and remote work trends post-COVID [30] - There is a growing demand for green technologies to reduce power consumption in data centers [31] Technology and Innovation - Lightwave Logic is focused on developing electro-optic polymer materials that enhance silicon photonics performance, addressing current limitations in the industry [23][24] - The company has made significant advancements in its technology, demonstrating capabilities for 200G per lane and potential for 400G [38][40] - Collaboration with Polariton and ETH Zurich has led to promising research results, indicating the technology's readiness for future applications [38][40] Commercial Strategy - The company aims to make its polymer technology ubiquitous in the data center industry, similar to the success of organic LEDs [49] - Lightwave Logic is actively engaging with potential customers for material supply and licensing, focusing on tier-one companies [53][60] - The company is expanding its facilities to support growth, with a 70% increase in space dedicated to manufacturing and testing [42] Future Outlook - The company is optimistic about the future, with increased interest from major players in the data center and telecommunications sectors [61] - Lightwave Logic is committed to filling its technology roadmap, ensuring that its innovations meet the evolving demands of the industry [41] Additional Insights - The company has a strong patent portfolio and continues to file new patents to protect its innovations [51] - The management emphasized the importance of demonstrating long-term technology viability to customers, ensuring that investments in new technologies are sustainable [41] This summary encapsulates the critical discussions and insights from the Lightwave Logic, Inc. Annual Meeting of Shareholders, highlighting the company's strategic direction, market positioning, and technological advancements.

Standard Fabrication Processes on 200mm Silicon Wafers Using Lightwave Logic's Proprietary Slot Modulator Design Achieved Record Breaking sub-1V Drive at 200Gbps PAM4 – Ideal for 800Gbps and 1.6T Pluggable Transceivers. ENGLEWOOD, Colo., May 21, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG) a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor today announced a collaboration with Advanced Micr ...

Dr. Michael Lebby to Host Corporate Update Presentation, Tour of Englewood Facility and Live Device Demonstration Following Annual Meeting of Shareholders on May 22, 2024 ENGLEWOOD, Colo., May 13, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today provided a corporate update in conjunction with the filing of its Quarterly Report on Form ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-40766 Lightwave Logic, Inc. (Exact name of registrant as s ...

Integrated Photonics System Roadmap Defines and Creates Future PIC Technology and Systems Requirements for Industry that Span out to 2040 ENGLEWOOD, Colo., April 16, 2024 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, substantially contributed to the recently published "Integrated Photonics System Roadmap – International" (IPSR-I) to accelerate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________to________________________ Commission file number: 001-40766 Lightwave Logic, Inc. (Exact name of registrant as specified in its charter) | Nevada | 82- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-40766 Lightwave Logic, Inc. (Exact name of registrant ...

Financial Performance - The net loss for the six months ending June 30, 2023, was $10,933,765, compared to a net loss of $7,358,359 for the same period in 2022, reflecting an increase in loss of about 48.5%[18] - Loss per share for the six months ending June 30, 2023, was $(0.10), compared to $(0.07) for the same period in 2022, indicating a worsening in per-share loss[18] - The net loss for the six months ending June 30, 2023, was $10,933,765, compared to a net loss of $7,358,359 for the same period in 2022, representing an increase in loss of approximately 49%[29] - Net cash used in operating activities for the six months ending June 30, 2023, was $7,004,008, compared to $5,298,715 for the same period in 2022, indicating a 32% increase in cash outflow[29] - The company commenced commercial operations in May 2023 and has not generated sufficient revenues to cover operating expenses, incurring substantial net losses since inception[210] Assets and Liabilities - Total assets increased to $40,552,039 as of June 30, 2023, up from $29,263,472 at December 31, 2022, representing a growth of approximately 38.5%[17] - Cash and cash equivalents rose to $32,635,787, an increase of 35.4% from $24,102,151 at the end of 2022[17] - Total liabilities decreased to $3,775,958 from $1,710,449, a reduction of approximately 78.5%[17] - The total stockholders' equity rose to $36,776,081 as of June 30, 2023, compared to $27,553,023 at the end of 2022, an increase of about 33.5%[17] - The company has no debt to service, which positions it favorably for future growth and operational expansion[48] Expenses - Research and development expenses for the three months ending June 30, 2023, were $4,166,110, up 49.8% from $2,781,215 in the same period of 2022[18] - General and administrative expenses increased to $1,174,590 for the three months ending June 30, 2023, compared to $987,137 in the same period of 2022, marking an increase of approximately 19%[18] - Total operating expenses for the three months ended June 30, 2023, were $5,340,700, a 42% increase from $3,768,352 in the prior year[212] - Research and development salary expenses increased by $498,383 in the three months ended June 30, 2023, compared to the same period in 2022[213] - Non-cash stock option amortization expenses increased by $204,269 in the three months ended June 30, 2023, compared to the same period in 2022[213] Capital Raising and Stock Issuance - The company issued 2,575,400 common shares to institutional investors, raising approximately $14,950,409 in additional paid-in capital during the six-month period ending June 30, 2023[21] - The company raised $14,950,409 from the issuance of common stock to an institutional investor during the six months ending June 30, 2023, compared to $6,705,693 in the same period of 2022, marking a 123% increase[29] - The institutional investor purchased 1,795,455 shares of common stock for proceeds of $11,103,102 from February 28, 2023, to June 30, 2023[81] - The company issued 37,670 shares of common stock as additional commitment fees, valued at $264,874 during the same period[81] Commercial Operations and Agreements - The first commercial agreement was established in May 2023, involving a four-year material supply and license agreement, with a minimum annual royalty of $50,000[49] - No revenues were recognized for the three and six months ending June 30, 2023, as the licensee did not requisition material; however, an up-front licensing fee of $50,000 was recorded as deferred revenue[50] - The company commenced commercial operations in May 2023 with a material supply license agreement to provide Perkinamine chromophore materials for polymer-based photonic devices and photonic integrated circuits (PICs)[116] Research and Development - The company is developing optical devices using proprietary electro-optical polymer material, with multiple generations of new materials being optimized for specific designs[119] - The company is actively engaging with test equipment manufacturers and industry bodies to promote its roadmap and fine-tune its business model[209] - The company has established an Advisory Board to enhance product positioning and support expansion into billion-dollar markets, leveraging the expertise of industry leaders[148] Market and Product Development - The company aims to scale high-performance polymer optical engines quickly and efficiently through partnerships with silicon-based foundries[103] - The company is targeting applications in fiber optic data communications and telecommunications markets, with plans to explore automotive/LIDAR and sensing applications[105] - The company has developed a polymer platform that is scalable, allowing for high-speed data rates while reducing costs and power consumption, which is crucial for competitive performance metrics[137] Intellectual Property and Patents - The company received U.S. Patent number 10,591,755, which allows electro-optic polymer modulators to operate with low power directly from CMOS IC chips, reducing the need for high-speed modulator driver ICs[162] - The company acquired polymer technology intellectual property assets from BrPhotonics, enhancing its patent portfolio with 15 new patents related to electro-optic polymer technology[144] - The company received U.S. patent number 11,042,051 for a new device design that lowers power consumption and enhances reliability for mass-volume manufacturing[168] Performance Metrics and Achievements - The company announced a world-record performance for a polymer modulator, achieving 220 Gbit/s OOK and 408 Gbit/s 8PAM in an optical transmission experiment[173] - Enhanced photostability results were reported, demonstrating no performance change after 3000 hours of high-intensity optical power exposure[181] - The company achieved a world record demonstration of a 250 GHz super high bandwidth electro-optical-electrical (EOE) link, showcasing a 500 GHz setup-limited bandwidth[187]

Financial Performance - The net loss for the three months ending March 31, 2023, was $5,476,018, compared to a net loss of $3,555,761 for the same period in 2022, indicating an increase in loss of 54%[20] - Net loss increased by 54% to $5,476,018 for the three months ended March 31, 2023, compared to $3,555,761 for the same period in 2022[195] - Other income (expenses) decreased significantly by 600% to $(316,141) for the three months ended March 31, 2023, compared to $(45,193) for the same period in 2022[194] - The company reported a net cash used in operating activities of $3,748,656 for the three months ending March 31, 2023, compared to $2,545,689 in the same period of 2022[24] - For the three months ended March 31, 2022, net cash used in operating activities was $2,545,689, primarily due to a net loss of $3,555,761 adjusted by various expenses[212] Research and Development - Research and development expenses rose to $3,799,707 for the three months ending March 31, 2023, up from $2,625,138 in the prior year, reflecting a 44.7% increase[20] - Research and development expenses increased by 45% to $3,799,707 for the three months ended March 31, 2023, compared to $2,625,138 for the same period in 2022[188] - The company is focused on developing next-generation photonic devices and expects to generate revenue from technology licensing and direct sales of electro-optic device components[29] - The company is focused on commercializing its next-generation electro-optic photonic devices based on its PIC™ technology platform, which includes Polymer Stack™, Polymer Plus™, and Polymer Slot™[90] Cash and Assets - Total current assets increased to $26,871,412 as of March 31, 2023, compared to $25,355,616 at December 31, 2022, representing a growth of 5.96%[18] - Cash and cash equivalents at the end of the period were $26,168,214, an increase of 8.7% from $24,102,151 at the beginning of the period[24] - As of March 31, 2023, cash and cash equivalents totaled $26,168,214, with total assets of $30,810,139 and liabilities of $976,973, resulting in stockholders' equity of $29,833,166[211] - Total stockholders' equity increased to $29,833,166 as of March 31, 2023, from $27,553,023 at December 31, 2022, marking a growth of 8.25%[18] Financing Activities - The company issued common stock to institutional investors, raising $5,499,377 during the three months ending March 31, 2023[24] - For the three months ended March 31, 2023, net cash provided by financing activities was $5,525,127, consisting of $25,750 from options and warrants exercise and $5,499,377 from resale of common stock to an institutional investor[211] - The company has entered into a purchase agreement to sell up to $30,000,000 of common stock over a 36-month period, with $26,999,998 remaining available as of April and May 2023[40] - The company received $5,499,377 in proceeds from the 2021 Purchase Agreement during the three months ended March 31, 2023[198] Expenses - General and administrative expenses rose by 54% to $1,360,170 for the three months ended March 31, 2023, compared to $885,430 for the same period in 2022[188] - Legal expenses increased by $239,406 for the three months ended March 31, 2023, compared to the same period in 2022[193] - The Company expects to incur approximately $1,675,000 in expenditures per month over the next 12 months[200] - The company anticipates cash requirements to increase as it expands research and development efforts and hires additional staff[202] Market and Product Development - The company is currently in various stages of development and evaluation with potential customers and strategic partners, indicating ongoing market expansion efforts[29] - The company aims for its initial modulator products to operate at symbol rates of at least 112 Gigabaud, translating to approximately 200 Gbps with PAM4 encoding[105] - The ridge waveguide modulator, Polymer Stack™, is designed for fiber optics communications and targets aggregated data rates of 800 Gbps and above, with a market opportunity worth over $2 billion over the next decade[109] - The company is developing a multichannel Polymer Photonic Integrated Circuit (PIC™) platform to address markets with aggregated data rates of 100 Gbps, 400 Gbps, and 800 Gbps[116] Intellectual Property and Innovation - The company is continually strengthening its patent portfolio through internal inventions and acquisitions[92] - The company acquired polymer technology intellectual property assets, enhancing its patent portfolio with 15 new patents related to electro-optic polymer technology[129] - The company received a patent for multi-layered electro-optic polymer modulators, improving performance and reliability in fiber optic communications[141] - The company received U.S. Patent number 10,591,755, enabling electro-optic polymer modulators to operate with high speed and low power directly from CMOS IC chips, reducing costs and power consumption[145] Corporate Developments - The company appointed Dr. Craig Ciesla to its Board of Directors, bringing significant industry experience to the leadership team[159] - The company was added to the Russell 3000 Index on June 27, 2022, which is expected to broaden its institutional investor base[167] - The company’s common stock was added to the Solactive EPIC Core Photonics EUR Index NTR, enhancing its credibility and exposure in the capital markets[149]