Milestone Scientific (MLSS)

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)	1.35 mm	1.35 mm	1.35 mm	1.35 mm	1.35 mm	1.35 mm
Cash burn (monthly)	(no burn)	285.86 k	384.65 k	556.56 k	(no burn)	350.17 k
Cash used (since last report)	n/a	1.28 mm	1.73 mm	2.50 mm	n/a	1.57 mm
Cash remaining	n/a	61.32 k	-382.43 k	-1.15 mm	n/a	-227.52 k
Runway (months of cash)	n/a	0.2	-1.0	-2.1	n/a	-0.6

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

MLSS institutional ownership history Ownership history

5.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	35	35	–
Opened positions	7	9	-22.2%
Closed positions	7	7	–
Increased positions	6	4	+50.0%
Reduced positions	6	6	–

13F shares	Current	Prev Q	Change
Total value	4.21 bn	3.83 bn	+9.8%
Total shares	4.44 mm	4.21 mm	+5.4%
Total puts	0.00	0.00
Total calls	25.50 k	62.20 k	-59.0%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Vanguard	2.18 mm	$2.09 bn	0.0%
Geode Capital Management	525.74 k	$504.87 mm	-0.2%
Bridgeway Capital Management	366.30 k	$351.65 mm	-8.8%
Carnegie Capital Asset Management	172.61 k	$165.71 mm	+18.9%
Susquehanna International	158.14 k	$151.82 mm	NEW
STT State Street	142.19 k	$136.50 mm	+20.7%
Renaissance Technologies	126.28 k	$121.22 mm	+72.8%
Mariner	121.75 k	$116.88 mm	0.0%
Pensionmark Financial	100.00 k	$96.00 mm	0.0%
NTRS Northern Trust	94.69 k	$90.90 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Susquehanna International	158.14 k	+158.14 k	NEW
Renaissance Technologies	126.28 k	+53.20 k	+72.8%
Y-Intercept	0.00	-52.37 k	EXIT
Citadel Advisors	62.44 k	+39.27 k	+169.5%
Bridgeway Capital Management	366.30 k	-35.40 k	-8.8%
Radnor Capital Management	31.00 k	+31.00 k	NEW
Carnegie Capital Asset Management	172.61 k	+27.41 k	+18.9%
STT State Street	142.19 k	+24.40 k	+20.7%
Virtu Financial	23.66 k	+23.66 k	NEW
XTX Topco	17.13 k	+17.13 k	NEW

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

MLSS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.4398	100,000	43.98 k	8,896,765
23 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.4302	80,000	34.42 k	8,996,765
22 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.4497	14,427	6.49 k	9,076,765
21 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.4398	40,000	17.59 k	9,091,192
20 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.4527	24,034	10.88 k	9,131,192
14 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.5395	30,000	16.18 k	9,155,226
13 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.55	10,000	5.50 k	9,175,226
10 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.5501	10,158	5.59 k	9,185,226
8 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.465	30,000	13.95 k	9,195,384
7 Oct 25	BP4 S.r.l.	Common Stock, Par Value $0.001	Sell	Dispose S	No	No	0.45	10,000	4.50 k	9,225,384

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.