Lightwave Logic, Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the Securities and Exchange Commission on August 14, 2026, reporting financial results for the three and six months ended June 30, 2026.

Key Highlights

  • Operating loss: Loss from operations was $7,269,140 for the three months ended June 30, 2026, compared to $4,900,183 for the same period in 2025 (restated).
  • Net sales: Net sales were $32,751 for the second quarter of 2026, up from $25,605 in the second quarter of 2025 (restated).
  • Total assets: Total assets increased to $108,078,889 as of June 30, 2026, from $79,185,249 as of December 31, 2025.
  • Cash and marketable securities: Cash and cash equivalents were $47,209,148 and marketable securities were $48,701,814 as of June 30, 2026; there were no marketable securities reported at December 31, 2025.
  • Accumulated deficit: The accumulated deficit stood at $180,227,125 as of June 30, 2026, compared to $167,312,788 as of December 31, 2025.
  • Shares outstanding: Common shares issued and outstanding were 154,166,422 as of June 30, 2026, versus 146,050,506 as of December 31, 2025; as of August 14, 2026, shares outstanding were 154,167,255.
  • R&D expense: Research and development expense for the six months ended June 30, 2026 was $7,368,998, compared to $5,710,659 for the same period in 2025 (restated).

Lightwave Logic Q2 2026 Financial Condition and Operating Results

According to the filing, Lightwave Logic (NASDAQ:LWLG) reported a loss from operations of $7,269,140 for the three months ended June 30, 2026, compared to a restated loss from operations of $4,900,183 for the same quarter of 2025. For the six months ended June 30, 2026, the company disclosed a loss from operations of $13,994,470, versus a restated $9,805,564 for the first half of 2025. The company noted that prior-year figures were restated.

The filing shows total costs and expenses of $7,301,891 for the second quarter of 2026, driven primarily by research and development expense of $3,878,703 and general and administrative expense of $3,423,188. Net sales for the quarter were $32,751. For the six-month period, total costs and expenses were $14,056,388, with research and development of $7,368,998 and general and administrative of $6,686,054, against net sales of $61,918.

As of June 30, 2026, the company reported total assets of $108,078,889, including cash and cash equivalents of $47,209,148 and marketable securities of $48,701,814, which were not present on the December 31, 2025 balance sheet. Total stockholders' equity was $104,223,366, reflecting additional paid-in capital of $284,458,018 and an accumulated deficit of $180,227,125. Total liabilities were $3,855,523 as of June 30, 2026, down from $4,539,419 at year-end 2025. The company is classified as a non-accelerated filer and a smaller reporting company.

What Was Disclosed

Lightwave Logic disclosed unaudited financial statements for the quarter and six months ended June 30, 2026, showing increased operating losses, higher research and development spending, a significant rise in total assets driven by new marketable securities, and an expanded accumulated deficit relative to year-end 2025.