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

Sintx Technologies, Inc. is the larger business by last-quarter revenue ($290.0K vs $159.2K, roughly 1.8× Lightwave Logic, Inc.). Sintx Technologies, Inc. runs the higher net margin — -763.8% vs -3486.6%, a 2722.8% gap on every dollar of revenue. On growth, Lightwave Logic, Inc. posted the faster year-over-year revenue change (594.5% vs -46.5%). Sintx Technologies, Inc. produced more free cash flow last quarter ($-2.4M vs $-3.7M).

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.

Sintx Technologies, Inc. is an advanced materials company specializing in R&D and manufacturing of high-performance silicon nitride and other technical ceramic products. It serves key segments including medical implants, aerospace & defense, industrial wear components, and electric vehicle applications, with core markets across North America, Europe and Asia-Pacific.

LWLG vs SINT — Head-to-Head

Bigger by revenue
SINT
SINT
1.8× larger
SINT
$290.0K
$159.2K
LWLG
Growing faster (revenue YoY)
LWLG
LWLG
+641.0% gap
LWLG
594.5%
-46.5%
SINT
Higher net margin
SINT
SINT
2722.8% more per $
SINT
-763.8%
-3486.6%
LWLG
More free cash flow
SINT
SINT
$1.3M more FCF
SINT
$-2.4M
$-3.7M
LWLG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LWLG
LWLG
SINT
SINT
Revenue
$159.2K
$290.0K
Net Profit
$-5.5M
$-2.2M
Gross Margin
99.2%
64.8%
Operating Margin
-3629.3%
-799.3%
Net Margin
-3486.6%
-763.8%
Revenue YoY
594.5%
-46.5%
Net Profit YoY
-0.3%
-30.7%
EPS (diluted)
$-0.04
$-0.50

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
SINT
SINT
Q4 25
$159.2K
$290.0K
Q3 25
$29.2K
$208.0K
Q2 25
$25.6K
$151.0K
Q1 25
$22.9K
$369.0K
Q4 24
$22.9K
$542.0K
Q3 24
$22.9K
$799.0K
Q2 24
$859.0K
Q1 24
$30.4K
$687.0K
Net Profit
LWLG
LWLG
SINT
SINT
Q4 25
$-5.5M
$-2.2M
Q3 25
$-5.1M
$-3.5M
Q2 25
$-5.0M
$-2.3M
Q1 25
$-4.7M
$-2.3M
Q4 24
$-5.5M
$-1.7M
Q3 24
$-5.3M
$-6.2M
Q2 24
$-2.2M
Q1 24
$-5.7M
$-886.0K
Gross Margin
LWLG
LWLG
SINT
SINT
Q4 25
99.2%
64.8%
Q3 25
44.7%
Q2 25
86.5%
37.7%
Q1 25
91.2%
33.3%
Q4 24
95.7%
71.6%
Q3 24
94.6%
73.7%
Q2 24
73.9%
Q1 24
83.0%
67.5%
Operating Margin
LWLG
LWLG
SINT
SINT
Q4 25
-3629.3%
-799.3%
Q3 25
-17757.5%
-1613.0%
Q2 25
-19137.6%
-1764.9%
Q1 25
-21405.0%
-645.8%
Q4 24
-24879.3%
-319.6%
Q3 24
-23115.3%
-802.0%
Q2 24
-315.5%
Q1 24
-19235.5%
-465.4%
Net Margin
LWLG
LWLG
SINT
SINT
Q4 25
-3486.6%
-763.8%
Q3 25
-17488.0%
-1701.4%
Q2 25
-19397.1%
-1535.1%
Q1 25
-20495.8%
-621.1%
Q4 24
-24150.3%
-312.7%
Q3 24
-23131.9%
-780.9%
Q2 24
-256.6%
Q1 24
-18673.5%
-129.0%
EPS (diluted)
LWLG
LWLG
SINT
SINT
Q4 25
$-0.04
$-0.50
Q3 25
$-0.04
$-3.46
Q2 25
$-0.04
$-0.91
Q1 25
$-0.04
$-1.29
Q4 24
$-0.05
$17.04
Q3 24
$-0.04
$-6.96
Q2 24
$-3.61
Q1 24
$-0.05
$-21.66

Balance Sheet & Financial Strength

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

Metric
LWLG
LWLG
SINT
SINT
Cash + ST InvestmentsLiquidity on hand
$69.0M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.6M
$2.9M
Total Assets
$79.2M
$9.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWLG
LWLG
SINT
SINT
Q4 25
$69.0M
$4.1M
Q3 25
$34.9M
$6.3M
Q2 25
$22.1M
$4.3M
Q1 25
$25.0M
$6.5M
Q4 24
$27.7M
$3.6M
Q3 24
$26.9M
$4.8M
Q2 24
$4.6M
Q1 24
$31.5M
$5.8M
Stockholders' Equity
LWLG
LWLG
SINT
SINT
Q4 25
$74.6M
$2.9M
Q3 25
$41.2M
$4.1M
Q2 25
$28.8M
$4.0M
Q1 25
$31.5M
$6.1M
Q4 24
$33.4M
$3.9M
Q3 24
$33.5M
$5.6M
Q2 24
$8.8M
Q1 24
$37.2M
$9.9M
Total Assets
LWLG
LWLG
SINT
SINT
Q4 25
$79.2M
$9.5M
Q3 25
$44.8M
$11.4M
Q2 25
$32.4M
$9.2M
Q1 25
$35.6M
$11.4M
Q4 24
$37.8M
$9.4M
Q3 24
$37.2M
$11.3M
Q2 24
$15.3M
Q1 24
$41.7M
$17.6M

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
SINT
SINT
Operating Cash FlowLast quarter
$-3.3M
$-2.3M
Free Cash FlowOCF − Capex
$-3.7M
$-2.4M
FCF MarginFCF / Revenue
-2319.2%
-822.8%
Capex IntensityCapex / Revenue
237.9%
14.5%
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
SINT
SINT
Q4 25
$-3.3M
$-2.3M
Q3 25
$-3.2M
$-2.5M
Q2 25
$-3.8M
$-2.4M
Q1 25
$-3.5M
$-1.3M
Q4 24
$-3.1M
$-1.1M
Q3 24
$-3.6M
$-2.6M
Q2 24
$-2.2M
Q1 24
$-4.8M
$-2.7M
Free Cash Flow
LWLG
LWLG
SINT
SINT
Q4 25
$-3.7M
$-2.4M
Q3 25
$-3.2M
$-2.6M
Q2 25
$-3.8M
Q1 25
$-4.3M
$-1.4M
Q4 24
$-3.5M
$-1.3M
Q3 24
$-3.9M
$-2.6M
Q2 24
$-2.6M
Q1 24
$-5.5M
$-2.9M
FCF Margin
LWLG
LWLG
SINT
SINT
Q4 25
-2319.2%
-822.8%
Q3 25
-11093.4%
-1250.5%
Q2 25
-14881.6%
Q1 25
-18953.9%
-368.6%
Q4 24
-15134.1%
-234.3%
Q3 24
-17193.6%
-323.0%
Q2 24
-299.7%
Q1 24
-18238.4%
-423.1%
Capex Intensity
LWLG
LWLG
SINT
SINT
Q4 25
237.9%
14.5%
Q3 25
203.3%
40.4%
Q2 25
157.6%
0.0%
Q1 25
3724.5%
16.0%
Q4 24
1448.6%
26.9%
Q3 24
1525.8%
1.4%
Q2 24
41.8%
Q1 24
2549.2%
25.3%

Financial Flow Comparison

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

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