Lightwave Logic (LWLG) investor relations material

Executive summary

• AI-driven infrastructure growth is accelerating demand for high-speed, efficient data movement, positioning photonics as a critical technology for next-gen networking architectures.

• Focused on commercializing proprietary electro-optic polymer materials for high-speed optical modulators, targeting data communications and photonic applications.

• Electro-optic polymer platform is designed to address challenges in AI, data center, and telecom markets, with expanding market opportunities and customer engagement.

• Four major Fortune 500 customers are at the prototyping stage, with additional Tier 1 customers expected to advance in 2026.

• Polymer technology now available in major silicon photonics foundry platforms, supporting integration and scalability.

Financial highlights

• Q1 2026 revenue was $29,167, a 27% year-over-year increase, primarily from licensing and royalty agreements.

• Net loss for Q1 2026 was $6,300,540, or $0.04 per share, up from $4,697,024 in Q1 2025.

• R&D expenses increased 13% year-over-year to $3,490,295; G&A expenses surged 78% to $3,262,866.

• Cash and equivalents at March 31, 2026, were $75,102,750, up 200% from the prior year; cash on hand as of May 11, 2026, is approximately $100 million.

• Gross margin for Q1 2026 was 95.4% (revenue $29,167, cost of sales $1,336).

Outlook and guidance

• High-volume production with a lead customer is anticipated to begin in 2027; significant production revenue not expected until then.

• Sufficient cash to fund operations through at least December 2027.

• Priorities for 2026 include advancing Stage 3 programs, converting technical engagements to commercial agreements, and preparing for a 2027 production ramp.

• Foundry supply constraints are expected to ease over the next 12 months as new investments and players enter the market.

• Cash requirements expected to increase with expansion of R&D, workforce, and commercialization activities.