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 .<h4>Revenue</h4>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 .<h4>Operational Costs and Expenses</h4><ul><li>Cost of Sales: $1,336 for the three months ended March 31, 2026, decreased from $2,028 for the same period in 2025 .</li><li>Research and Development (R&amp;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 .</li><li>General and Administrative (G&amp;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 .</li><li>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 .</li><li>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 .</li><li>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&amp;A non-cash stock compensation, salary and benefits, prototype development, and a loss on disposal of expired patents, partially offset by increased interest income .</li></ul><h4>Other Financial Items</h4><ul><li>Interest Income: $461,275 for the three months ended March 31, 2026, significantly higher than $187,848 in 2025, driven by higher cash balances .</li><li>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 .</li><li>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 .</li></ul><h4>Cash Flow</h4><ul><li>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 .</li><li>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 .</li><li>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 .</li><li>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 .</li><li>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 .</li></ul><h4>Balance Sheet Highlights</h4><ul><li>Total Assets: $85,913,064 as of March 31, 2026, up from $79,185,249 as of December 31, 2025 .</li><li>Total Liabilities: $4,601,157 as of March 31, 2026, compared to $4,539,419 as of December 31, 2025 .</li><li>Total Stockholders’ Equity: $81,311,907 as of March 31, 2026, up from $74,645,830 as of December 31, 2025 .</li></ul><h4>Future Outlook and Strategy</h4>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 .

Lightwave Logic | 10-Q: FY2026 Q1 Revenue: USD 29.17 K