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Side-by-side financial comparison of Loop Industries, Inc. (LOOP) and Lightwave Logic, Inc. (LWLG). Click either name above to swap in a different company.

Loop Industries, Inc. is a sustainable technology company specializing in circular plastic solutions. It develops patented processes to upcycle low-value, hard-to-recycle waste PET plastic and polyester fibers into virgin-quality, food-safe plastic raw materials. It serves consumer goods, packaging, and textile sectors across North America and Europe, partnering with global brands to cut plastic pollution and fossil-fuel plastic reliance.

Lightwave Logic, Inc. is a technology firm specializing in the development of advanced electro-optic polymer materials and integrated photonic devices. Its solutions target data center, telecommunications, and optical networking segments, delivering higher data transmission speeds and lower energy consumption than traditional photonic technologies.

LOOP vs LWLG — Head-to-Head

Bigger by revenue
LWLG
LWLG
Infinity× larger
LWLG
$159.2K
$0
LOOP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LOOP
LOOP
LWLG
LWLG
Revenue
$0
$159.2K
Net Profit
$-3.2M
$-5.5M
Gross Margin
99.2%
Operating Margin
-3629.3%
Net Margin
-3486.6%
Revenue YoY
594.5%
Net Profit YoY
33.8%
-0.3%
EPS (diluted)
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LOOP
LOOP
LWLG
LWLG
Q4 25
$159.2K
Q3 25
$0
$29.2K
Q2 25
$252.0K
$25.6K
Q1 25
$10.8M
$22.9K
Q4 24
$52.0K
$22.9K
Q3 24
$23.0K
$22.9K
Q2 24
$6.0K
Q1 24
$46.0K
$30.4K
Net Profit
LOOP
LOOP
LWLG
LWLG
Q4 25
$-5.5M
Q3 25
$-3.2M
$-5.1M
Q2 25
$-3.4M
$-5.0M
Q1 25
$6.9M
$-4.7M
Q4 24
$-11.9M
$-5.5M
Q3 24
$-4.8M
$-5.3M
Q2 24
$-5.2M
Q1 24
$-5.7M
Gross Margin
LOOP
LOOP
LWLG
LWLG
Q4 25
99.2%
Q3 25
Q2 25
86.5%
Q1 25
91.2%
Q4 24
95.7%
Q3 24
94.6%
Q2 24
Q1 24
83.0%
Operating Margin
LOOP
LOOP
LWLG
LWLG
Q4 25
-3629.3%
Q3 25
-17757.5%
Q2 25
-19137.6%
Q1 25
-21405.0%
Q4 24
-24879.3%
Q3 24
-23115.3%
Q2 24
Q1 24
-19235.5%
Net Margin
LOOP
LOOP
LWLG
LWLG
Q4 25
-3486.6%
Q3 25
-17488.0%
Q2 25
-1367.9%
-19397.1%
Q1 25
63.7%
-20495.8%
Q4 24
-22907.7%
-24150.3%
Q3 24
-21039.1%
-23131.9%
Q2 24
-86483.3%
Q1 24
-18673.5%
EPS (diluted)
LOOP
LOOP
LWLG
LWLG
Q4 25
$-0.04
Q3 25
$-0.04
Q2 25
$-0.07
$-0.04
Q1 25
$-0.04
Q4 24
$-0.25
$-0.05
Q3 24
$-0.04
Q2 24
$-0.11
Q1 24
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LOOP
LOOP
LWLG
LWLG
Cash + ST InvestmentsLiquidity on hand
$7.3M
$69.0M
Total DebtLower is stronger
$3.1M
Stockholders' EquityBook value
$-5.5M
$74.6M
Total Assets
$13.3M
$79.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOOP
LOOP
LWLG
LWLG
Q4 25
$69.0M
Q3 25
$7.3M
$34.9M
Q2 25
$9.7M
$22.1M
Q1 25
$13.0M
$25.0M
Q4 24
$323.0K
$27.7M
Q3 24
$1.4M
$26.9M
Q2 24
$5.3M
Q1 24
$7.0M
$31.5M
Total Debt
LOOP
LOOP
LWLG
LWLG
Q4 25
Q3 25
$3.1M
Q2 25
$3.3M
Q1 25
$3.1M
Q4 24
$3.3M
Q3 24
$5.1M
Q2 24
$6.0M
Q1 24
$3.5M
Stockholders' Equity
LOOP
LOOP
LWLG
LWLG
Q4 25
$74.6M
Q3 25
$-5.5M
$41.2M
Q2 25
$-2.7M
$28.8M
Q1 25
$367.0K
$31.5M
Q4 24
$-6.9M
$33.4M
Q3 24
$4.8M
$33.5M
Q2 24
$9.3M
Q1 24
$14.1M
$37.2M
Total Assets
LOOP
LOOP
LWLG
LWLG
Q4 25
$79.2M
Q3 25
$13.3M
$44.8M
Q2 25
$15.9M
$32.4M
Q1 25
$18.6M
$35.6M
Q4 24
$4.7M
$37.8M
Q3 24
$15.0M
$37.2M
Q2 24
$18.7M
Q1 24
$20.6M
$41.7M
Debt / Equity
LOOP
LOOP
LWLG
LWLG
Q4 25
Q3 25
Q2 25
Q1 25
8.41×
Q4 24
Q3 24
1.05×
Q2 24
0.65×
Q1 24
0.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LOOP
LOOP
LWLG
LWLG
Operating Cash FlowLast quarter
$-2.5M
$-3.3M
Free Cash FlowOCF − Capex
$-3.7M
FCF MarginFCF / Revenue
-2319.2%
Capex IntensityCapex / Revenue
237.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOOP
LOOP
LWLG
LWLG
Q4 25
$-3.3M
Q3 25
$-2.5M
$-3.2M
Q2 25
$-3.1M
$-3.8M
Q1 25
$6.5M
$-3.5M
Q4 24
$-1.9M
$-3.1M
Q3 24
$-2.9M
$-3.6M
Q2 24
$-3.9M
Q1 24
$-18.0M
$-4.8M
Free Cash Flow
LOOP
LOOP
LWLG
LWLG
Q4 25
$-3.7M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-4.3M
Q4 24
$-3.5M
Q3 24
$-3.9M
Q2 24
Q1 24
$-23.2M
$-5.5M
FCF Margin
LOOP
LOOP
LWLG
LWLG
Q4 25
-2319.2%
Q3 25
-11093.4%
Q2 25
-14881.6%
Q1 25
-18953.9%
Q4 24
-15134.1%
Q3 24
-17193.6%
Q2 24
Q1 24
-50452.2%
-18238.4%
Capex Intensity
LOOP
LOOP
LWLG
LWLG
Q4 25
237.9%
Q3 25
203.3%
Q2 25
157.6%
Q1 25
3724.5%
Q4 24
1448.6%
Q3 24
1525.8%
Q2 24
Q1 24
11221.7%
2549.2%
Cash Conversion
LOOP
LOOP
LWLG
LWLG
Q4 25
Q3 25
Q2 25
Q1 25
0.95×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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