Filing Flows › Lightwave Logic (LWLG) › Q1 2025
Lightwave Logic (LWLG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Lightwave Logic (LWLG) reported revenue of $23K for the first quarter 2025 (Q1 2025), -25% from a year earlier and 0% from the quarter before.
Lightwave Logic, Q1 2025: revenue $23K (-25% year over year), net loss $4.7M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23K | 0% | -25% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $23K in Q1 2025, down 25% year over year and roughly flat from the previous quarter.
Gross margin was 91.2%, up 8.2 points from a year earlier. Operating costs exceeded revenue by $4.9M, an operating margin of -21405.0%. Operating expenses fell 16% while revenue fell 25%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $4.7M, narrower than the previous quarter's $5.5M loss.
Operating cash flow was −$3.5M. Non-cash charges added back $455K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $227K. Capital expenditures of $854K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Lightwave Logic's revenue in the first quarter 2025?
Lightwave Logic (LWLG) reported revenue of $23K for the first quarter 2025 (Q1 2025), -25% from a year earlier and 0% from the quarter before.
Source: Lightwave Logic 10-Q on SEC EDGAR.