Lightwave Logic (LWLG)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	26.88 mm	26.88 mm	26.88 mm	26.88 mm	26.88 mm	26.88 mm
Cash burn (monthly)	771.12 k	332.85 k	1.77 mm	1.89 mm	1.20 mm	1.23 mm
Cash used (since last report)	3.90 mm	1.69 mm	8.94 mm	9.59 mm	6.06 mm	6.22 mm
Cash remaining	22.98 mm	25.20 mm	17.94 mm	17.29 mm	20.82 mm	20.66 mm
Runway (months of cash)	29.8	75.7	10.2	9.1	17.4	16.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

LWLG institutional ownership history Ownership history

27.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	120	116	+3.4%
Opened positions	16	20	-20.0%
Closed positions	12	16	-25.0%
Increased positions	32	39	-17.9%
Reduced positions	27	25	+8.0%

13F shares	Current	Prev Q	Change
Total value	91.48 bn	94.90 bn	-3.6%
Total shares	33.81 mm	32.17 mm	+5.1%
Total puts	343.70 k	379.00 k	-9.3%
Total calls	50.40 k	2.80 k	+1700.0%
Total put/call ratio	6.8	135.4	-95.0%

Largest owners	Shares	Value	Change
Vanguard	9.53 mm	$26.31 bn	+3.3%
BlackRock	9.02 mm	$24.90 bn	NEW
Geode Capital Management	2.84 mm	$7.83 bn	+1.3%
STT State Street	2.68 mm	$7.41 bn	+2.6%
Charles Schwab Investment Management	1.03 mm	$2.85 bn	+9.6%
NTRS Northern Trust	1.03 mm	$2.84 bn	+2.6%
MS Morgan Stanley	447.72 k	$1.24 bn	+122.3%
LPL Financial	397.28 k	$1.10 bn	+12.2%
Susquehanna International	385.28 k	$1.06 bn	-3.9%
BK The Bank of New York Mellon Corporation	349.91 k	$965.76 mm	-19.6%

Largest transactions	Shares	Bought/sold	Change
BlackRock	9.02 mm	+9.02 mm	NEW
BLK BlackRock	0.00	-8.62 mm	EXIT
Financial Advocates Investment Management	305.99 k	+305.99 k	NEW
Vanguard	9.53 mm	+302.04 k	+3.3%
MS Morgan Stanley	447.72 k	+246.36 k	+122.3%
BCS Barclays	211.40 k	+156.33 k	+283.9%
GS The Goldman Sachs Group, Inc.	265.09 k	+154.20 k	+139.1%
Charles Schwab Investment Management	1.03 mm	+90.61 k	+9.6%
BEN Franklin Resources	0.00	-88.55 k	EXIT
BK The Bank of New York Mellon Corporation	349.91 k	-85.08 k	-19.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LWLG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Feb 25	Ronald A Bucchi	Common Stock	Option exercise	Acquire M	No	No	0.8	50,000	40.00 k	155,260
20 Feb 25	Ronald A Bucchi	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	0.8	50,000	40.00 k	1,030,000
6 Feb 25	James S. Marcelli	Employee Stock Option Common Stock	Grant	Acquire A	No	No	1.79	32,336	57.88 k	1,942,336
17 Jan 25	Thomas Edward Zelibor	Common Stock	Option exercise	Acquire M	No	No	0.8	25,000	20.00 k	231,889
17 Jan 25	Thomas Edward Zelibor	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	0.8	25,000	20.00 k	375,000
21 Dec 24	Frederick J Leonberger	Common Stock		Acquire X	No	No	0.77	100,000	77.00 k	296,369
21 Dec 24	Frederick J Leonberger	Warrant Common Stock		Dispose X	No	No	0.77	100,000	77.00 k	865,000
10 Dec 24	Maitre Yves Le	Common Stock	Grant	Acquire A	No	No	0	50,000	0.00	62,924
10 Dec 24	Maitre Yves Le	Employee Stock Option Common Stock	Grant	Acquire A	No	No	2.65	150,000	397.50 k	187,500