UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-40766 Lightwave Logic, Inc. (Exact name of registrant as sp ...

Lightwave Logic, Inc. (NASDAQ:LWLG) Annual Shareholder Meeting May 25, 2023 12:00 PM ET Company Participants Michael Lebby - Chief Executive Officer James Marcelli - President, Chief Operating Officer and Secretary Wendy C. Shiba - Inspector of Election, Appointed representative of Broadridge Financial Solutions Conference Call Participants (Transcript provided to Seeking Alpha by the company.) Michael Lebby This concludes the formal part of the annual meeting, and the formal portion of the annual meeting o ...

Financial Performance - The net loss for the three months ending March 31, 2023, was $5,476,018, compared to a net loss of $3,555,761 for the same period in 2022, indicating an increase in loss of 54%[20] - Net loss increased by 54% to $5,476,018 for the three months ended March 31, 2023, compared to $3,555,761 for the same period in 2022[195] - Other income (expenses) decreased significantly by 600% to $(316,141) for the three months ended March 31, 2023, compared to $(45,193) for the same period in 2022[194] - The company reported a net cash used in operating activities of $3,748,656 for the three months ending March 31, 2023, compared to $2,545,689 in the same period of 2022[24] - For the three months ended March 31, 2022, net cash used in operating activities was $2,545,689, primarily due to a net loss of $3,555,761 adjusted by various expenses[212] Research and Development - Research and development expenses rose to $3,799,707 for the three months ending March 31, 2023, up from $2,625,138 in the prior year, reflecting a 44.7% increase[20] - Research and development expenses increased by 45% to $3,799,707 for the three months ended March 31, 2023, compared to $2,625,138 for the same period in 2022[188] - The company is focused on developing next-generation photonic devices and expects to generate revenue from technology licensing and direct sales of electro-optic device components[29] - The company is focused on commercializing its next-generation electro-optic photonic devices based on its PIC™ technology platform, which includes Polymer Stack™, Polymer Plus™, and Polymer Slot™[90] Cash and Assets - Total current assets increased to $26,871,412 as of March 31, 2023, compared to $25,355,616 at December 31, 2022, representing a growth of 5.96%[18] - Cash and cash equivalents at the end of the period were $26,168,214, an increase of 8.7% from $24,102,151 at the beginning of the period[24] - As of March 31, 2023, cash and cash equivalents totaled $26,168,214, with total assets of $30,810,139 and liabilities of $976,973, resulting in stockholders' equity of $29,833,166[211] - Total stockholders' equity increased to $29,833,166 as of March 31, 2023, from $27,553,023 at December 31, 2022, marking a growth of 8.25%[18] Financing Activities - The company issued common stock to institutional investors, raising $5,499,377 during the three months ending March 31, 2023[24] - For the three months ended March 31, 2023, net cash provided by financing activities was $5,525,127, consisting of $25,750 from options and warrants exercise and $5,499,377 from resale of common stock to an institutional investor[211] - The company has entered into a purchase agreement to sell up to $30,000,000 of common stock over a 36-month period, with $26,999,998 remaining available as of April and May 2023[40] - The company received $5,499,377 in proceeds from the 2021 Purchase Agreement during the three months ended March 31, 2023[198] Expenses - General and administrative expenses rose by 54% to $1,360,170 for the three months ended March 31, 2023, compared to $885,430 for the same period in 2022[188] - Legal expenses increased by $239,406 for the three months ended March 31, 2023, compared to the same period in 2022[193] - The Company expects to incur approximately $1,675,000 in expenditures per month over the next 12 months[200] - The company anticipates cash requirements to increase as it expands research and development efforts and hires additional staff[202] Market and Product Development - The company is currently in various stages of development and evaluation with potential customers and strategic partners, indicating ongoing market expansion efforts[29] - The company aims for its initial modulator products to operate at symbol rates of at least 112 Gigabaud, translating to approximately 200 Gbps with PAM4 encoding[105] - The ridge waveguide modulator, Polymer Stack™, is designed for fiber optics communications and targets aggregated data rates of 800 Gbps and above, with a market opportunity worth over $2 billion over the next decade[109] - The company is developing a multichannel Polymer Photonic Integrated Circuit (PIC™) platform to address markets with aggregated data rates of 100 Gbps, 400 Gbps, and 800 Gbps[116] Intellectual Property and Innovation - The company is continually strengthening its patent portfolio through internal inventions and acquisitions[92] - The company acquired polymer technology intellectual property assets, enhancing its patent portfolio with 15 new patents related to electro-optic polymer technology[129] - The company received a patent for multi-layered electro-optic polymer modulators, improving performance and reliability in fiber optic communications[141] - The company received U.S. Patent number 10,591,755, enabling electro-optic polymer modulators to operate with high speed and low power directly from CMOS IC chips, reducing costs and power consumption[145] Corporate Developments - The company appointed Dr. Craig Ciesla to its Board of Directors, bringing significant industry experience to the leadership team[159] - The company was added to the Russell 3000 Index on June 27, 2022, which is expected to broaden its institutional investor base[167] - The company’s common stock was added to the Solactive EPIC Core Photonics EUR Index NTR, enhancing its credibility and exposure in the capital markets[149]

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------------------------------------------|------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Faster by Design | | | | | | | Investor Presentation Michael Lebby, CEO | | | | | | | | Lightwave Logic (NASDAQ:LWLG) | | | | Safe harbor NASDAQ: LWLG • 2 The information in this presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identi ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------------------------------------------|------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Faster by Design | | | | | | | Investor Presentation Michael Lebby, CEO | | | | | | | | Lightwave Logic (NASDAQ:LWLG) | | | | Safe harbor NASDAQ: LWLG • 2 The information in this presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40766 Lightwave Logic, Inc. (Exact name of registrant as specified in its charter) For the transition period from ________________________to________________________ | Nevada | 82- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR (Registrant's telephone number, including area code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-4 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-40766 Lightwave Logic, Inc. (Exact name of registrant as sp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________to _____________ Commission File Number 001-40766 Lightwave Logic, Inc. (Exact name of registrant as s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________to________________________ Commission file number: 001-40766 Lightwave Logic, Inc. (Exact name of registrant as specified in its charter) | Nevada | 82- ...