Jim Cramer - Mad Money
Lightwave Logic
LWLG-Q
DON'T BUY
Dec 19, 2022
The make specialty chemicals for the fibre optics industry to develop better such optics. They are making modulators that can potentially make the internet run better (faster and using less power). If they can achieve that, this can boost their revenues. The problem with LWLG is that they're at the development stage, and the market shuns such unproven companies. LWLG has a clean balance sheet, but hasn't made profits yet. He isn't disparaging the company and maybe they will succeed, but the market doesn't like these kinds of companies.