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

Lightwave Logic, Inc. is the larger business by last-quarter revenue ($159.2K vs $83.6K, roughly 1.9× Sharps Technology Inc.). Lightwave Logic, Inc. runs the higher net margin — -3486.6% vs -125963.6%, a 122477.0% gap on every dollar of revenue. On growth, Lightwave Logic, Inc. posted the faster year-over-year revenue change (594.5% vs 217.9%). Lightwave Logic, Inc. produced more free cash flow last quarter ($-3.7M vs $-8.8M).

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.

Sharps Rifle Manufacturing Company was the manufacturer of the Sharps Rifle. The company was organized by Samuel Robbins and Richard S. Lawrence as a holding company in Hartford, Connecticut, on October 9, 1851 with $100,000 in capital. Despite Sharps departing from the company bearing his name, Sharps Rifle Manufacturing Company produced over 100,000 rifles, but it dissolved in 1881 with the widespread use of repeating rifles.

LWLG vs STSS — Head-to-Head

Bigger by revenue
LWLG
LWLG
1.9× larger
LWLG
$159.2K
$83.6K
STSS
Growing faster (revenue YoY)
LWLG
LWLG
+376.6% gap
LWLG
594.5%
217.9%
STSS
Higher net margin
LWLG
LWLG
122477.0% more per $
LWLG
-3486.6%
-125963.6%
STSS
More free cash flow
LWLG
LWLG
$5.1M more FCF
LWLG
$-3.7M
$-8.8M
STSS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LWLG
LWLG
STSS
STSS
Revenue
$159.2K
$83.6K
Net Profit
$-5.5M
$-105.3M
Gross Margin
99.2%
-1398.7%
Operating Margin
-3629.3%
-122747.9%
Net Margin
-3486.6%
-125963.6%
Revenue YoY
594.5%
217.9%
Net Profit YoY
-0.3%
-6151.0%
EPS (diluted)
$-0.04
$-4.33

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
STSS
STSS
Q4 25
$159.2K
Q3 25
$29.2K
$83.6K
Q2 25
$25.6K
$222.7K
Q1 25
$22.9K
$-627.0K
Q4 24
$22.9K
Q3 24
$22.9K
Q2 24
$5.3K
Q1 24
$30.4K
$19.0K
Net Profit
LWLG
LWLG
STSS
STSS
Q4 25
$-5.5M
Q3 25
$-5.1M
$-105.3M
Q2 25
$-5.0M
$3.6M
Q1 25
$-4.7M
$1.9M
Q4 24
$-5.5M
Q3 24
$-5.3M
Q2 24
$-2.1M
Q1 24
$-5.7M
$-982.4K
Gross Margin
LWLG
LWLG
STSS
STSS
Q4 25
99.2%
Q3 25
-1398.7%
Q2 25
86.5%
-463.4%
Q1 25
91.2%
Q4 24
95.7%
Q3 24
94.6%
Q2 24
Q1 24
83.0%
Operating Margin
LWLG
LWLG
STSS
STSS
Q4 25
-3629.3%
Q3 25
-17757.5%
-122747.9%
Q2 25
-19137.6%
-1349.8%
Q1 25
-21405.0%
322.5%
Q4 24
-24879.3%
Q3 24
-23115.3%
Q2 24
-36329.4%
Q1 24
-19235.5%
-9693.8%
Net Margin
LWLG
LWLG
STSS
STSS
Q4 25
-3486.6%
Q3 25
-17488.0%
-125963.6%
Q2 25
-19397.1%
1598.1%
Q1 25
-20495.8%
-307.6%
Q4 24
-24150.3%
Q3 24
-23131.9%
Q2 24
-39756.6%
Q1 24
-18673.5%
-5164.2%
EPS (diluted)
LWLG
LWLG
STSS
STSS
Q4 25
$-0.04
Q3 25
$-0.04
$-4.33
Q2 25
$-0.04
$3.58
Q1 25
$-0.04
$38.62
Q4 24
$-0.05
Q3 24
$-0.04
Q2 24
$-643.64
Q1 24
$-0.05
$-347.50

Balance Sheet & Financial Strength

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

Metric
LWLG
LWLG
STSS
STSS
Cash + ST InvestmentsLiquidity on hand
$69.0M
$10.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.6M
$433.2M
Total Assets
$79.2M
$444.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWLG
LWLG
STSS
STSS
Q4 25
$69.0M
Q3 25
$34.9M
$10.5M
Q2 25
$22.1M
$8.3M
Q1 25
$25.0M
$11.9M
Q4 24
$27.7M
Q3 24
$26.9M
Q2 24
$1.5M
Q1 24
$31.5M
$1.2M
Stockholders' Equity
LWLG
LWLG
STSS
STSS
Q4 25
$74.6M
Q3 25
$41.2M
$433.2M
Q2 25
$28.8M
$14.5M
Q1 25
$31.5M
$10.1M
Q4 24
$33.4M
Q3 24
$33.5M
Q2 24
$7.2M
Q1 24
$37.2M
$6.9M
Total Assets
LWLG
LWLG
STSS
STSS
Q4 25
$79.2M
Q3 25
$44.8M
$444.0M
Q2 25
$32.4M
$17.1M
Q1 25
$35.6M
$18.9M
Q4 24
$37.8M
Q3 24
$37.2M
Q2 24
$9.9M
Q1 24
$41.7M
$9.8M

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
STSS
STSS
Operating Cash FlowLast quarter
$-3.3M
$-7.4M
Free Cash FlowOCF − Capex
$-3.7M
$-8.8M
FCF MarginFCF / Revenue
-2319.2%
-10559.0%
Capex IntensityCapex / Revenue
237.9%
1724.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M
$-16.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LWLG
LWLG
STSS
STSS
Q4 25
$-3.3M
Q3 25
$-3.2M
$-7.4M
Q2 25
$-3.8M
$-1.9M
Q1 25
$-3.5M
$-2.5M
Q4 24
$-3.1M
Q3 24
$-3.6M
Q2 24
$-1.6M
Q1 24
$-4.8M
$-1.9M
Free Cash Flow
LWLG
LWLG
STSS
STSS
Q4 25
$-3.7M
Q3 25
$-3.2M
$-8.8M
Q2 25
$-3.8M
$-3.8M
Q1 25
$-4.3M
$-2.5M
Q4 24
$-3.5M
Q3 24
$-3.9M
Q2 24
$-1.7M
Q1 24
$-5.5M
$-1.9M
FCF Margin
LWLG
LWLG
STSS
STSS
Q4 25
-2319.2%
Q3 25
-11093.4%
-10559.0%
Q2 25
-14881.6%
-1694.8%
Q1 25
-18953.9%
405.3%
Q4 24
-15134.1%
Q3 24
-17193.6%
Q2 24
-31313.6%
Q1 24
-18238.4%
-9946.7%
Capex Intensity
LWLG
LWLG
STSS
STSS
Q4 25
237.9%
Q3 25
203.3%
1724.5%
Q2 25
157.6%
839.3%
Q1 25
3724.5%
-14.4%
Q4 24
1448.6%
Q3 24
1525.8%
Q2 24
312.1%
Q1 24
2549.2%
15.0%
Cash Conversion
LWLG
LWLG
STSS
STSS
Q4 25
Q3 25
Q2 25
-0.54×
Q1 25
-1.27×
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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