Lightwave Logic, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-20.3M | $-22.5M | $-21.0M | $-17.2M | $-18.6M | $-6.7M | $-6.7M | $-5.8M |
| Depreciation & Amortization | $1.9M | $1.7M | $1.1M | $1.0M | $878.5K | $784.4K | $698.7K | $465.8K |
| Depreciation | $1.8M | $1.6M | $1.0M | $967.0K | $792.0K | $701.0K | $617.7K | $400.8K |
| Amortization | $82.3K | $119.3K | $83.5K | $78.2K | $86.5K | $83.4K | $81.0K | $65.0K |
| Stock-Based Compensation | — | — | — | $5.8M | $1.0M | $539.4K | $600.7K | $387.7K |
| Net Cash from Operating Activities | $-13.7M | $-15.6M | $-12.2M | $-10.5M | $-10.3M | $-4.9M | $-4.8M | $-4.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.3M | $2.3M | $3.3M | $1.3M | $1.1M | $158.1K | $223.5K | $1.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.8M | $-2.7M | $-3.0M | $-2.2M | $-1.1M | $-218.0K | $-305.7K | $-1.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $56.9M | $14.5M | $22.5M | $13.4M | $31.5M | $6.2M | $5.1M | $4.5M |
| Net Change in Cash | — | — | — | — | — | — | $61.7K | $-1.3M |
| Free Cash Flow | $-15.1M | $-17.8M | $-15.5M | $-11.8M | $-11.4M | $-5.0M | $-5.0M | $-5.4M |