LWLG - Lightwave Logic: Commercialization Accelerates But Profitability Is Far Away

2024-05-14 14:50:26 ET

Summary

• Lightwave Logic booked revenues of $30,417 for Q1 2024, and I’m optimistic that revenues for 2024 could surpass $200,000.
• However, expenses for the year could top $22 million based on the company’s expectations for monthly expenditures.
• I think the business shouldn’t be worth much in its current state, and short selling seems viable.
• It could be best for risk-averse investors to avoid this stock, as the short squeeze risk is high.

Introduction

I’ve been following Lightwave Logic ( LWLG ) closely, and I’ve written a total of four articles about the company on SA to date. The latest one came out in January 2024 and back then I said that it had made little progress towards a commercial launch of its products....

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