Q2 2026 Lightwave Logic Inc Earnings Call Transcript
Key Points
- Expanded to five Stage 3 customers, including a new Fortune Global 500 company, indicating strong commercial interest and progress.
- Made significant progress with foundry engagements, with four dedicated runs underway and wafers expected from two foundries in August.
- Strong financial position with $95.9 million in cash and no debt, providing runway to support commercialization efforts.
- Growing market demand for silicon photonics, as evidenced by foundry partners reporting significant revenue growth, which supports the company's technology adoption.
- Established a material supply and licensing agreement, with negotiations for a second agreement underway, moving toward commercialization.
- Revenue remains minimal at $33,000 for the quarter, indicating the company is still in early commercialization stages.
- Net loss increased to $6.6 million in Q2 2026 from $5 million in Q2 2025, reflecting higher operating expenses.
- Foundry pressures and delays persist, with some wafers not expected until Q4, potentially impacting timelines.
- The company faces intense competition and cannot confirm that its polymer technology is the only viable solution for all applications.
- Customer progression from Stage 1 and 2 to Stage 3 has been slow, with only five Stage 3 programs despite a pipeline of over 15 customers.
Greetings. Welcome to the Lightwave Logic Q2 2026 Financial Results and Business Update Conference Call. (Operator instructions)
I will now turn the conference over to Nick Teves of Investor Relations. Thank you, Nick. You may begin.
Thank you, operator, and good morning, everyone. Thanks for joining us today for LightWave Logic's second quarter financial results and business update call. I'm joined on today's call by LightWave Logic's President and Chief Executive Officer, Yves LeMaitre and LightWave Logic's Chief Financial Officer, Fred Graffam.
Please note that this call is in listen-only mode for the duration of the call and that a replay will be posted to the company's website shortly after the call concludes. Some of the matters we'll discuss on this call, including statements and our business outlook, are forward-looking, and as such, this call speaks only as of today, August 11, 2026. Such statements may be considered forward-looking statements within the meaning of the Private
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
