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LWLGInvestor Index NASDAQ: LWLG ●
Company · Business model

How LWLG makes money.

Lightwave LogicDesigns & makes Perkinamine®EO polymers (Colorado)Owns the patents FoundryAdds the polymer at the endof silicon processing (PDK)e.g. Tower, GlobalFoundries, SilTerra Chip & module makerDesigns the modulator chip,builds the transceiver5 Global 500 programs in Stage 3 AI data centerHyperscalers buy millionsof optical transceivers800G → 1.6T → 3.2T polymerwafersmodules Material sales · PDK / processing feesLicense fees (upfront + milestones) · development (NRE) fees · royalties per unit shippedEnd demand that drives royalty volume (paid via the chipmaker, not directly)
Product flowsMoney flows back to LWLG
Revenue streams

Five ways to get paid.

The value chain, step by step

From molecule to market.

    Reality check

    Quarterly revenue so far

    Still tiny, as you'd expect before production. The jump in Q4 2025 was development-fee revenue. Real revenue depends on customers reaching Stage 4.

    Source: company 10-Q and 10-K filings. Q4 values derived from annual minus nine-month figures.