Lightwave Logic drops 20% following steeper than expected loss

Shares of Lightwave Logic (LWLG) fell nearly 20% on Thursday to $14.68 after the company reported a steeper loss than expected in Q1. Lightwave said Q1 revenue was about $29,000, up 27% year over year, and its net loss per share was (4c), flat year over year. The company continued investing heavily in R&D and commercialization while benefiting from rising AI networking demand, with management substantially increasing its 2028 addressable market estimate for AI and data center optical transceivers to about $47B from roughly $17B previously. On the company’s earnings conference call, President and CEO Yves LeMaitre said Lightwave Logic remains focused on positioning its Perkinamine electro-optic polymer platform for use in next-generation optical interconnects, particularly as AI workloads drive demand for faster and more power-efficient data movement. LeMaitre also said demand is increasing for high-speed coherent and “coherent-lite” pluggable transceivers used in data center interconnect and campus-scale connections.