Lightwave Logic Inc (LWLG) Stock Sees Further Sell Off

The past month may not have been a particularly great period for the Lightwave Logic Inc (OTCMKTS:LWLG) stock, which declined by as much as 31% during the period.

However, at the same time, it is also necessary to remember that over the course of the year so far the stock has been one of the best performers and is still up by a staggering 615%. Yesterday, the technology platform firm was in the news after it announced its financial results for the second fiscal quarter that ended on June 30, 2021.

The company revealed that at the end of the aforementioned quarter it had a total of $13.9 million in the form of cash and cash equivalents. The totality of the assets in its books came in at $18 million, while the liabilities totalled only $1 million and the stockholders’ equity stood at $17 million.

In addition to that, the company also informed that the current cash position is also going to help it in conducting its business operations easily. Lightwave Logic also notified that back on July 2 this year it filed a shelf registration statement worth as much as $100,000,000 with the United States Securities and Exchange Commission.