Lightwave Logic, Inc. Files 2023 Annual Report (10-K)
Ticker: LWLG · Form: 10-K · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, Annual Report, Lightwave Logic, Financials, SEC Filing
TL;DR
<b>Lightwave Logic, Inc. has filed its 2023 10-K report detailing financial performance and corporate information.</b>
AI Summary
Lightwave Logic, Inc. (LWLG) filed a Annual Report (10-K) with the SEC on February 29, 2024. Lightwave Logic, Inc. filed its 10-K for the fiscal year ending December 31, 2023. The company's business address is 369 Inverness Parkway, Suite 350, Englewood, CO 80112. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key dates mentioned include a Purchase Agreement on February 28, 2023, and a Sales Agreement on December 8, 2022. The company was formerly known as THIRD-ORDER NANOTECHNOLOGIES INC and PSI TEC HOLDINGS INC.
Why It Matters
For investors and stakeholders tracking Lightwave Logic, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Lightwave Logic's financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's trajectory. The inclusion of historical financial data from 2021-2023 allows for trend analysis and comparison, aiding in the evaluation of the company's growth and stability.
Risk Assessment
Risk Level: low — Lightwave Logic, Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational disclosures without immediate, significant market-moving events.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to understand Lightwave Logic's performance and potential challenges.
Key Numbers
- 2023-12-31 — Fiscal Year End (Period of report)
- 2024-02-29 — Filing Date (Date the report was filed)
- 2023 — Fiscal Year (Reported fiscal year)
- 2022 — Fiscal Year (Comparative fiscal year)
- 2021 — Fiscal Year (Comparative fiscal year)
Key Players & Entities
- Lightwave Logic, Inc. (company) — Filer name
- THIRD-ORDER NANOTECHNOLOGIES INC (company) — Former company name
- PSI TEC HOLDINGS INC (company) — Former company name
- Englewood, CO (location) — Business address city and state
- NV (location) — State of incorporation
FAQ
When did Lightwave Logic, Inc. file this 10-K?
Lightwave Logic, Inc. filed this Annual Report (10-K) with the SEC on February 29, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Lightwave Logic, Inc. (LWLG).
Where can I read the original 10-K filing from Lightwave Logic, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Lightwave Logic, Inc..
What are the key takeaways from Lightwave Logic, Inc.'s 10-K?
Lightwave Logic, Inc. filed this 10-K on February 29, 2024. Key takeaways: Lightwave Logic, Inc. filed its 10-K for the fiscal year ending December 31, 2023.. The company's business address is 369 Inverness Parkway, Suite 350, Englewood, CO 80112.. The filing includes financial data for the fiscal years 2023, 2022, and 2021..
Is Lightwave Logic, Inc. a risky investment based on this filing?
Based on this 10-K, Lightwave Logic, Inc. presents a relatively low-risk profile. The filing is a standard 10-K annual report, which typically contains routine financial and operational disclosures without immediate, significant market-moving events.
What should investors do after reading Lightwave Logic, Inc.'s 10-K?
Review the detailed financial statements and risk factors within the 10-K to understand Lightwave Logic's performance and potential challenges. The overall sentiment from this filing is neutral.
How does Lightwave Logic, Inc. compare to its industry peers?
Lightwave Logic operates in the miscellaneous plastic products industry, focusing on advanced materials and technologies.
Are there regulatory concerns for Lightwave Logic, Inc.?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.
Industry Context
Lightwave Logic operates in the miscellaneous plastic products industry, focusing on advanced materials and technologies.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.
What Investors Should Do
- Analyze the financial statements for revenue, net income, and cash flow trends.
- Review the 'Risk Factors' section for potential challenges and uncertainties.
- Examine executive compensation details if available in the full filing.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
- 2024-02-29: Filing Date — Date the 10-K was officially submitted to the SEC.
- 2023-02-28: Purchase Agreement — A significant corporate agreement mentioned in the filing.
- 2022-12-08: Sales Agreement — A significant corporate agreement mentioned in the filing.
Year-Over-Year Comparison
This 10-K filing covers the fiscal year ending December 31, 2023, providing updated financial and operational data compared to previous filings.
Filing Stats: 4,368 words · 17 min read · ~15 pages · Grade level 15.3 · Accepted 2024-02-29 17:09:53
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share LWLG The NASDAQ S
Filing Documents
- lwlg_10k-123123.htm (10-K) — 1329KB
- ex4x1.htm (EX-4.1) — 17KB
- ex19x1.htm (EX-19.1) — 75KB
- ex21x1.htm (EX-21.1) — 1KB
- ex23x1.htm (EX-23.1) — 3KB
- ex31x1.htm (EX-31.1) — 6KB
- ex31x2.htm (EX-31.2) — 6KB
- ex32x1.htm (EX-32.1) — 3KB
- ex32x2.htm (EX-32.2) — 3KB
- ex97x1.htm (EX-97.1) — 28KB
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- 0001079973-24-000315.txt ( ) — 8149KB
- lwlg-20231231.xsd (EX-101.SCH) — 53KB
- lwlg-20231231_cal.xml (EX-101.CAL) — 60KB
- lwlg-20231231_def.xml (EX-101.DEF) — 167KB
- lwlg-20231231_lab.xml (EX-101.LAB) — 402KB
- lwlg-20231231_pre.xml (EX-101.PRE) — 328KB
- lwlg_10k-123123_htm.xml (XML) — 794KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 31 Item 1B. Unresolved Staff Comments 50 Item 1C. Cybersecurity 50 Item 2.
Properties
Properties 50 Item 3.
Legal Proceedings
Legal Proceedings 50 Item 4. Mine Safety Disclosures PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 51 Item 6. Reserved 53 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 53 Item 7A .
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 61 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 61 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 61 Item 9A.
Controls and Procedures
Controls and Procedures 61 Item 9B. Other Information 62 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 62 PART III Item 10. Directors, Executive Officers and Corporate Governance 63 Item 11.
Executive Compensation
Executive Compensation 63 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 63 Item 13. Certain Relationships and Related Transactions, and Director Independence 63 Item 14. Principal Accountant Fees and Services 63 PART IV Item 15. Exhibit and Financial Statement Schedules 65 Item 16. Form 10-K Summary i
Forward-Looking Statements
Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements. Forward-looking statements involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions denoting uncertainty or an action that may, will or is expected to occur in the future. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements. You should not place undue reliance on these forward-looking statements. Factors that are known to us that could cause a different result than projected by the forward-looking statement, include, but are not limited to: inability to generate significant revenue or to manage growth; lack of available funding; lack of a market for or market acceptance of our products; competition from third parties; general economic and business conditions; intellectual property rights of third parties; changes in the price of our stock and dilution; regulatory constraints and potential legal liability; ability to maintain effective internal controls; security breaches, cybersecurity attacks and other significant disruptions in our information technology systems; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns and qualification of new customers; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality