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Q2 2026 Financial Results & Business Update Lightwave Logic , Inc. NASDAQ : LWLG August 2026 LIGHTWAVELOGIC® Enabling the utilization of electro - optics polymers for high speed , low power Al and Data Center applications
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© Lightwave Logic 2026. All Rights Reserved. 2 This slide presentation contains “forward-looking statements” and “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995. This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this presentation or as of the date of the effective date of information described in this presentation, as applicable. The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “can”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the company is looking to achieve. All forward-looking statements are based on current beliefs as well as various assumptions made by, and information currently available to the company’s management team. A more detailed description of the risks presented by those assumptions and other risks are more fully described by the company under the caption “Risk Factors” included in our SEC filings and other risks to which our company is subject, and various other factors beyond the company’s control. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this presentation not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. The company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by company or on behalf of the company except as may be required by law. Forward Looking Statements
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© Lightwave Logic 2026. All Rights Reserved. Investment Highlights 3 1 Large and Attractive End Markets – Data Center/AI capacity growth supercycle and Telecom present $54B modulator TAM, $2-4B SAM; future opportunities include Aerospace & Defense, Quantum Computing and Consumer Electronics 2 Mission Critical Technology to AI scaling – Existing internet infrastructure reaching its limits as ultra-high bandwidths (200G per lane and beyond) strain copper-based solutions; electro-optic polymers (EOP) can supercharge silicon photonics and alleviate bottlenecks for scaling AI clusters 3 Competitively Advantaged Material – Perkinamine® is compatible and easily integrated with existing silicon infrastructure; power consumption, thermal stability, speed, coating thickness, and cost all compare favorably to incumbent and competing materials 4 Semiconductors Going Optical – Optics now front and center in AI networking as cluster scale drives new demands on bandwidth, latency, and efficiency; optical technologies pulled into design cycle sooner 5 Commercial Momentum – Five Fortune (Global) 500 companies actively engaged in stage 3 (prototype to final product) with ~20 total companies in commercial pipeline; foundry ecosystem is expanding with PDKs available with Tower Semiconductor, GlobalFoundries, SilTerra, and one unnamed partner 6 Attractive Business Model at Scale – Dual revenue model of direct materials sales and IP licensing stream expected to yield 60%+ gross margins at scale; limited capital investment required to achieve meaningful volume production 7 Strong Balance Sheet - $96 million cash balance as of June 2026 and zero debt; fully funded operations well into 2028 8 Proven Leadership Team – Highly experienced management team with proven track records of scaling optical technologies at the largest silicon photonics and optical transceiver companies in the world Scaling the AI ecosystem with electro-optic polymers
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© Lightwave Logic 2026. All Rights Reserved. Silicon Photonics is Winning Silicon photonics is winning the integration platform battle for hyperscale and AI networking 2021 2026e 2030e Total Optical Transceiver Market1 (by technology) Silicon Photonics Other Technologies Total Sales Optical transceiver market expected to grow to $70 billion by 2030 (22% CAGR ‘25-’30) SiPho expected to be dominant technology with >70% market share (39% CAGR ‘25-’30) $11.2B $39.7B $70.4B $49.7B 71% $20.2B 51%$2.6B 23% (1) Lightcounting: Total Optical Transceiver Market by Technology; April 2026 News sources: CNBC, Data Center Dynamics, Credo, GlobalFoundries, PIC Magazine, Reuters 4
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© Lightwave Logic 2026. All Rights Reserved. Foundry Ecosystem is Broadening Foundries are key enablers to integration and scaled production as well as IP licensing strategy Polymer platform integrated in foundry ecosystem; processes and designs are ready for 400Gb/s device deployments Four wafer tape outs planned throughout 2026 Multiple wafers Expected from Two Foundries in August 2026 + One unnamed partner 4 Foundry PDK Integrations Additional Projects 5
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© Lightwave Logic 2026. All Rights Reserved. Market Reception & Customer Momentum Growing Now Five customers in Prototype Stage 3 (1) Formal product launch decision is contingent upon the successful execution of technical milestones related to Perkinamine® performance as well as achieving various other modulator design and integration results Duration Engagements 6 ~20 in Early Stages of Pipeline 5 in Prototype Stage Polariton /Marvell Fortune Global 500 Fortune Global 500 (CPO)1 Fortune Global 500 Technology Selection Product Design Prototype to Final Product Production Ramp to High Volume 3 – 6 months 3 – 6 months 12 – 18 months Total: 18 – 24 months Targeting 2H 2027 Fortune Global 500 New Customer at Stage 3 Application Scale Across Transceivers
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© Lightwave Logic 2026. All Rights Reserved. Manufacture silicon photonics for a broad ecosystem • Integrate LWLG IP / PDK into process flows • Enable high- performance silicon photonics at scale PDK Integration Integrate LWLG IP/PDK into design kits Process enablement Enable & optimize in manufacturing flows Platform qualification Complete foundry & ecosystem qualification Path to Commercialization & How We Scale 7 Design and build optical transceivers and networking hardware • Integrate LWLG EO polymer materials into product designs • Drive performance, size, power and cost advantages Tailored Engagement Material Evaluation Performance testing & validation Co-design & integration Work with design teams to optimize performance Design win progression From prototype to qualified design Two Go-to-Market Channels • EO polymer materials supplied for production • Revenue scaled with production volume • Enables silicon photonics manufacturing • IP / PDK licensing and royalties from foundries and / or end customers • Revenue scales as customer programs move to production Scalable, Asset- Light Model Chip Designers / Module Companies Foundry Partners Engagement with Chip Designers Engagement with Foundry Partners Qualification ~20 Programs in Process Design Wins 5 Programs in Process Production Volume Ramp Material Sales Revenue Today Non-Recurring Engineering Fees Pre-production revenue Embedded in customer production flows Leverages existing customer infrastructure Expands across multiple customers & platforms Attractive gross margin profile at scale (60%+) Path to Scaled Revenue 2H 2027+ Begin Volume Production + Licensing Revenue Long-term, scalable revenue streams Dual strategy with multiple touchpoints and complementary economics. One platform delivering sustainable, high- margin growth. Production Volume Ramp PDK Qualification 4 Foundry Partners Commercial Revenue ModelIterative Processes 1 2 1 Licensing Revenue2
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© Lightwave Logic 2026. All Rights Reserved. Yves LeMaitre CEO & President Dr. Aref Chowdhury Chief Technology Officer & Head of Strategy Dr. Robert Blum SVP, Sales & Marketing Dr. Lance Thompson VP of Engineering Broad Operational and Research Expertise Across Photonics Ecosystem Fred Graffam Chief Financial Officer 8 Strong Management Team
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© Lightwave Logic 2026. All Rights Reserved. Q2 2026 Financials 9 T O T A L R E V E N U E ( $ t h o u s a n d s ) $33 +28% YoY vs. $26 prior year N E T L O S S ( $ m i l l i o n s ) $6.6 vs. a loss of $5.0M prior year N E T L O S S P E R S H A R E ( $ ) $0.04 FLAT vs. a loss of $0.04 prior year R & D I N V E S T M E N T ( $ m i l l i o n s ) $3.9 +48YoY vs. $2.6M prior year G & A E X P E N S E ( $ m i l l i o n s ) $3.4 vs. $2.3M prior year C A S H & E Q U I V A L E N T S( 1 ) ( $ m i l l i o n s ) $95.9 +39% vs. $69M as of 12/31/25 +33% YoY +49% YoY Q2 2026 F I N A N C I A L R E S U L T S Added a Fifth Fortune Global 500 company to Prototype Stage 3 of Design Win Cycle Advanced Three Dedicated Foundry Runs, With Two Sets of Wafers Expected in August and a Third in Q4 Advanced Commercialization with a Second Material Supply and Licensing Agreement Under Negotiation Raised $34 Million in Public Offering of Common Stock Through June 30, 2026 Expanded Manufacturing Readiness Through Increased Headcount, Equipment and Perkinamine Production Capacity (1) Cash, Equivalents & Marketable Securities
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© Lightwave Logic 2026. All Rights Reserved. Outlook and Priorities for 2026 10 1 Advance Stage 3 programs toward qualification milestones and Stage 4 2 Convert technical engagements into structured commercial agreements 3 Broaden and strengthen the EO polymer-ready silicon foundry ecosystem 4 Continue performance optimization at 200G, 400G per lane and beyond 5 Prepare operationally for a 2027 production ramp transition
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© Lightwave Logic 2026. All Rights Reserved. Thank you www.lightwavelogic.com Contact IR: Ross Collins or Nick Teves investor.relations@lightwavelogic.com +1 (312) 445-2870