Lightwave Logic, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 13, 2026, reporting financial results for the three and nine months ended on that date.

Key Highlights

  • Operating loss (nine months): The company reported a loss from operations of $21,976,991 for the nine months ended September 30, 2026, compared to $14,984,710 for the same period in 2025.
  • Net sales (nine months): Net sales totaled $99,418 for the nine months ended September 30, 2026, up from $77,688 in the prior-year period.
  • Total assets: Total assets were $100,631,124 as of September 30, 2026, compared to $79,185,249 as of December 31, 2025.
  • Accumulated deficit: The accumulated deficit stood at $187,449,078 as of September 30, 2026, versus $167,312,788 as of December 31, 2025.
  • Cash and marketable securities: Cash and cash equivalents were $17,566,678 and marketable securities were $70,277,228 as of September 30, 2026; at December 31, 2025, cash was $69,017,354 and marketable securities were zero.
  • Shares outstanding: Common shares outstanding were 154,542,640 as of November 13, 2026, up from 146,050,506 as of December 31, 2025.

Lightwave Logic's Financial Position and Operating Results: Q3 2026

According to the filing, Lightwave Logic (NASDAQ:LWLG) recorded a loss from operations of $7,982,521 for the three months ended September 30, 2026, compared to $5,179,146 for the three months ended September 30, 2025. For the nine-month period, the operating loss grew to $21,976,991 from $14,984,710 in the prior-year period. The company reported net sales of $37,500 for the third quarter of 2026 and $99,418 for the nine months ended September 30, 2026, according to the filing.

The filing disclosed that total costs and expenses for the nine months ended September 30, 2026 were $22,076,409, driven primarily by research and development expense of $11,711,076 and general and administrative expense of $10,363,292. For the comparable nine-month period in 2025, total costs and expenses were $15,062,398, with research and development of $8,628,132 and general and administrative of $6,428,775. Cost of sales for the nine months ended September 30, 2026 was $2,041, compared to $5,491 in the prior-year period, the company disclosed.

As of September 30, 2026, the company reported total stockholders' equity of $96,915,175, with additional paid-in capital of $284,414,740 and an accumulated other comprehensive loss of $127,108. The balance sheet showed total liabilities of $3,715,949 and total assets of $100,631,124. The filing noted that preferred stock authorized was 1,000,000 shares at $0.001 par value, with no shares issued or outstanding, and common stock authorized was 250,000,000 shares at $0.001 par value. The company is classified as a non-accelerated filer and smaller reporting company.

What Was Disclosed

Lightwave Logic filed its quarterly report covering the period ended September 30, 2026, disclosing an operating loss of $21,976,991 for the nine months ended on that date, total assets of $100,631,124, and 154,542,640 common shares outstanding as of November 13, 2026.