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

Lightwave Logic, Inc. is the larger business by last-quarter revenue ($159.2K vs $137.7K, roughly 1.2× Lottery.com Inc.). Lottery.com Inc. runs the higher net margin — -3226.2% vs -3486.6%, a 260.5% gap on every dollar of revenue. On growth, Lightwave Logic, Inc. posted the faster year-over-year revenue change (594.5% vs -31.4%).

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.

The Lottery Office is an Australian online lottery operator licensed by the Government of the Northern Territory and allows Australians and New Zealanders to play to win from the draws of the largest lotteries in the world, including US Powerball and Mega Millions. Its parent company, Global Players Network Pty Ltd (GPN), has been licensed and regulated to operate lotteries since 2003.

LWLG vs SEGG — Head-to-Head

Bigger by revenue
LWLG
LWLG
1.2× larger
LWLG
$159.2K
$137.7K
SEGG
Growing faster (revenue YoY)
LWLG
LWLG
+625.9% gap
LWLG
594.5%
-31.4%
SEGG
Higher net margin
SEGG
SEGG
260.5% more per $
SEGG
-3226.2%
-3486.6%
LWLG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LWLG
LWLG
SEGG
SEGG
Revenue
$159.2K
$137.7K
Net Profit
$-5.5M
$-4.4M
Gross Margin
99.2%
Operating Margin
-3629.3%
-3308.9%
Net Margin
-3486.6%
-3226.2%
Revenue YoY
594.5%
-31.4%
Net Profit YoY
-0.3%
44.0%
EPS (diluted)
$-0.04
$-1.19

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
LWLG
LWLG
SEGG
SEGG
Q4 25
$159.2K
Q3 25
$29.2K
$137.7K
Q2 25
$25.6K
$191.8K
Q1 25
$22.9K
$223.8K
Q4 24
$22.9K
$348.8K
Q3 24
$22.9K
$200.7K
Q2 24
$257.0K
Q1 24
$30.4K
$259.3K
Net Profit
LWLG
LWLG
SEGG
SEGG
Q4 25
$-5.5M
Q3 25
$-5.1M
$-4.4M
Q2 25
$-5.0M
$-3.9M
Q1 25
$-4.7M
$-3.3M
Q4 24
$-5.5M
Q3 24
$-5.3M
$-7.9M
Q2 24
$-5.9M
Q1 24
$-5.7M
$-5.6M
Gross Margin
LWLG
LWLG
SEGG
SEGG
Q4 25
99.2%
Q3 25
Q2 25
86.5%
15.1%
Q1 25
91.2%
27.4%
Q4 24
95.7%
69.8%
Q3 24
94.6%
57.0%
Q2 24
82.3%
Q1 24
83.0%
67.7%
Operating Margin
LWLG
LWLG
SEGG
SEGG
Q4 25
-3629.3%
Q3 25
-17757.5%
-3308.9%
Q2 25
-19137.6%
-2058.5%
Q1 25
-21405.0%
-1554.6%
Q4 24
-24879.3%
Q3 24
-23115.3%
-1824.1%
Q2 24
-2291.7%
Q1 24
-19235.5%
-2157.5%
Net Margin
LWLG
LWLG
SEGG
SEGG
Q4 25
-3486.6%
Q3 25
-17488.0%
-3226.2%
Q2 25
-19397.1%
-2022.3%
Q1 25
-20495.8%
-1477.1%
Q4 24
-24150.3%
Q3 24
-23131.9%
-3954.0%
Q2 24
-2288.0%
Q1 24
-18673.5%
-2157.3%
EPS (diluted)
LWLG
LWLG
SEGG
SEGG
Q4 25
$-0.04
Q3 25
$-0.04
$-1.19
Q2 25
$-0.04
$-0.13
Q1 25
$-0.04
$-0.14
Q4 24
$-0.05
Q3 24
$-0.04
$-7.86
Q2 24
$-1.12
Q1 24
$-0.05
$-1.40

Balance Sheet & Financial Strength

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

Metric
LWLG
LWLG
SEGG
SEGG
Cash + ST InvestmentsLiquidity on hand
$69.0M
$320.6K
Total DebtLower is stronger
Stockholders' EquityBook value
$74.6M
$32.9M
Total Assets
$79.2M
$73.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWLG
LWLG
SEGG
SEGG
Q4 25
$69.0M
Q3 25
$34.9M
$320.6K
Q2 25
$22.1M
$262.6K
Q1 25
$25.0M
$468.7K
Q4 24
$27.7M
$68.0K
Q3 24
$26.9M
$60.5K
Q2 24
$28.0K
Q1 24
$31.5M
$84.0K
Stockholders' Equity
LWLG
LWLG
SEGG
SEGG
Q4 25
$74.6M
Q3 25
$41.2M
$32.9M
Q2 25
$28.8M
$19.8M
Q1 25
$31.5M
$19.9M
Q4 24
$33.4M
$20.5M
Q3 24
$33.5M
$25.7M
Q2 24
$30.7M
Q1 24
$37.2M
$32.5M
Total Assets
LWLG
LWLG
SEGG
SEGG
Q4 25
$79.2M
Q3 25
$44.8M
$73.4M
Q2 25
$32.4M
$53.1M
Q1 25
$35.6M
$53.4M
Q4 24
$37.8M
$52.9M
Q3 24
$37.2M
$58.4M
Q2 24
$62.1M
Q1 24
$41.7M
$63.1M

Cash Flow & Capital Efficiency

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

Metric
LWLG
LWLG
SEGG
SEGG
Operating Cash FlowLast quarter
$-3.3M
$-4.1M
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
LWLG
LWLG
SEGG
SEGG
Q4 25
$-3.3M
Q3 25
$-3.2M
$-4.1M
Q2 25
$-3.8M
$-3.2M
Q1 25
$-3.5M
$924.9K
Q4 24
$-3.1M
$-1.5M
Q3 24
$-3.6M
$2.4M
Q2 24
$-368.1K
Q1 24
$-4.8M
$-1.1M
Free Cash Flow
LWLG
LWLG
SEGG
SEGG
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
$-5.5M
FCF Margin
LWLG
LWLG
SEGG
SEGG
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
-18238.4%
Capex Intensity
LWLG
LWLG
SEGG
SEGG
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
2549.2%

Financial Flow Comparison

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

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