Lightwave Logic (LWLG) investor relations material

Executive summary

• Focused on commercializing proprietary electro-optic polymers for high-speed, low-power data transmission, targeting telecom and AI-driven data center markets.

• Commercial operations began in May 2023 with a material supply license agreement; additional licensing and technology transfer agreements are in development.

• Business model leverages materials development, patent licensing, and technology transfers to foundries, with a strong patent portfolio supporting growth.

• Revenue remains limited, with ongoing net losses as R&D and commercialization efforts continue.

Financial highlights

• Revenue for Q2 2025 was $25,605, up from $19,355 in Q2 2024; six-month revenue was $48,522, up from $36,022 year-over-year.

• Net loss for Q2 2025 was $5.7 million, a 6% improvement from $6.0 million in Q2 2024; six-month net loss was $10.4 million, down 11% from $11.7 million year-over-year.

• Research and development expenses decreased 39% in Q2 2025 compared to Q2 2024, while general and administrative expenses increased 57%.

• Cash and cash equivalents totaled $22.1 million as of June 30, 2025, down from $29.2 million a year earlier.

• Stockholders' equity was $28.8 million at June 30, 2025, compared to $35.6 million at June 30, 2024.

Outlook and guidance

• Current cash position is expected to fund operations through October 2026; monthly expenditures are projected at $1.79 million over the next 12 months.

• Anticipates increased R&D and operating expenses as commercialization and customer engagement accelerate.

• Additional capital may be required beyond October 2026 to sustain operations and growth.