Is Lightwave Logic, Inc. (LWLG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.5% / 30% | 4.5% / 30% | 0.0% / 30% | 969.46% / 5% | ✗ NOT HALAL |
| DJIM | 0.5% / 33% | 4.5% / 33% | 0.0% / 33% | 969.46% / 5% | ✗ NOT HALAL |
| MSCI | 7.3% / 33% | 73.2% / 33% | 0.1% / 33% | 969.46% / 5% | ✗ NOT HALAL |
| S&P | 0.5% / 33% | 4.5% / 33% | 0.0% / 33% | 969.46% / 5% | ✗ NOT HALAL |
| FTSE | 7.3% / 33% | 73.2% / 33% | 0.1% / 50% | 969.46% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 97.1% | |
| Operating Margin | -3215.2% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -37.6% | |
| Return on Assets (ROA) | -22.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$16M |
| Free Cash Flow | -$18M |
| Total Debt | $3M |
| Debt-to-Equity | 3.5 |
| Current Ratio | 32.7 |
| Total Assets | $38M |
Price & Trading
| Last Close | $7.83 |
| 50-Day MA | $4.77 |
| 200-Day MA | $3.71 |
| Avg Volume | 3.1M |
| Beta | 3.1 |
|
52-Week Range
$0.79
| |
About Lightwave Logic, Inc. (LWLG)
Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally. The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities. The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets. The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.
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Frequently Asked Questions
Is Lightwave Logic, Inc. (LWLG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Lightwave Logic, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Lightwave Logic, Inc.'s debt ratio?
Lightwave Logic, Inc.'s debt ratio is 0.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 7.3%.
What are Lightwave Logic, Inc.'s key financial metrics?
Lightwave Logic, Inc. has a market capitalization of $1.1B, and revenue of $95,605. Return on equity stands at -37.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.