Lightwave Logic Shares Slide 28% as Quarterly Revenue Totals $38,000

Lightwave Logic, Inc. shares fell 28% in premarket trading Wednesday after the company posted $38,000 in third-quarter revenue and a GAAP loss of 5 cents per share.

Revenue increased 31% from a year earlier. The per-share loss was in line with expectations.

Research and development expenses rose to $4.3 million from $2.9 million in the year-earlier quarter. General and administrative expenses climbed to $3.7 million from $2.3 million.