Earnings call transcript: Lightwave Logic Q3 2026 loss widens as stock sinks

Lightwave Logic reported a widening net loss of $7.2 million, or $0.05 per share, for Q3 2026, despite a 31% rise in revenue to $38,000. The company's research, manufacturing, and commercial preparation costs increased, pushing back its volume production target to 2028 from the second half of 2027. Management cited slower foundry cycles and process qualification as the main reasons for the delay.

Despite the setback, Lightwave Logic highlighted a Foxconn demonstration of a transceiver using its silicon-organic hybrid optical engine. Cash and marketable securities totaling $87.8 million were expected to cover operations until 2028. The company remains focused on five lead customer programs and continues to position itself as a materials provider for the growth of silicon photonics and AI infrastructure.