Luna Innovations

Luna Innovations, Inc. engages as an advanced optical technology company. The firm provides high performance fiber optic test, measurement and control products for the telecommunications and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, energy, oil and gas, security and infrastructure. Its distributed fiber optic sensing products help designers and manufacturers more efficiently develop new and innovative products by measuring stress, strain, and temperature at a high resolution for new designs or manufacturing processes. The company was founded by Kent A. Murphy in July 1990 and is headquartered in Roanoke, VA.

Earnings data Q1 2020

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Luna Innovations excels in 2022, eyes federal projects for growth

Luna Innovations had a robust 2022 marked by strategic acquisitions, strong revenue growth, and a focus on innovation in sensing and communications testing verticals.
While facing supply chain challenges and higher operating expenses, Luna's emphasis on R&D, cross-selling, and monitoring capabilities positions them for continued success and market expansion.
With a clear roadmap for growth, including potential upside from inventory increase, Luna is poised for sustained organic and inorganic growth, supported by a strong pipeline and key partnerships.

Luna Innovations reports strong Q1 growth, eyes long-term partnerships

Luna Innovations (LUNA) reported solid Q1 2023 performance with revenue growth, strong gross margin, and reaffirmed outlook. The company's focus on fiber optic sensing and strategic partnerships like Northrop Grumman positions it for future success.
While facing challenges like operating losses and limited cash reserves, Luna Innovations has opportunities in market expansion, long-term projects, and investor engagement. Managing costs and ensuring delivery commitments will be key to overcoming challenges and seizing opportunities.
Investors should take note of Luna Innovations' financial stability, growth prospects in key markets, and upcoming strategic plans. The company's performance in Q1 and outlook for 2023 indicate a resilient business model with potential for sustained growth and profitability.

Luna Innovations reports robust Q2 earnings, eyes growth in energy sector

Luna Innovations delivered solid financial performance in Q2 2023, driven by strong growth in the sensing business and strategic investments in Europe.
While facing challenges in gross margin due to manufacturing optimizations, the company is poised for growth with opportunities in the energy sector and infrastructure projects.
By reaffirming annual guidance, pursuing new funding avenues, and diversifying revenue streams, Luna Innovations demonstrates resilience and strategic foresight.

Luna Innovations reports 5% revenue growth in Q3 2023

Luna Innovations delivered solid Q3 results with revenue growth, operational enhancements, and strong cash position, despite challenges in certain business segments and supply chain disruptions.
Record sales of sensing products and wins in fiber optic contracts underscore market demand and product competitiveness, while the new CFO appointment strengthens financial leadership capabilities.
The company's revised revenue guidance, focus on project timelines, and opportunities for growth in diverse sectors position Luna Innovations for continued performance and strategic advancement.

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ROANOKE, Va.--(BUSINESS WIRE)-- #Luna--Luna announces partnership between its OptaSense business and Liberty Oilfield Services to improve decision making for oil & gas operators.

OptaSense and Liberty Oilfield Services Form Partnership

ROANOKE, Va.--(BUSINESS WIRE)-- #COO--Luna announces Brian Soller as new Chief Operating Officer.

Luna Innovations Names Brian Soller Chief Operating Officer

Roanoke, VA, April 26, 2021 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its first-quarter financial results for the period ended March 31, 2021 after the close of the stock market on Monday, May 17, 2021.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the first-quarter earnings results.

Luna Announces First-Quarter 2021 Financial Release Date of May 17, 2021

ROANOKE, Va.--(BUSINESS WIRE)--Luna's RIO laser to be used in NASA's Navigation Doppler LiDAR system.

Luna Innovations Supplies Critical Laser Component for NASA's Navigation Doppler LiDAR

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Luna Innovations, Inc. (LUNA) CEO Scott Graeff on Q4 2020 Results - Earnings Call Transcript

ROANOKE, Va.--(BUSINESS WIRE)-- #Q42020--Luna announces record Q4 and YE 2020 financial results.

Luna Innovations Reports Record Fourth-Quarter and Full-Year 2020 Results

Luna Innovations (NASDAQ:LUNA) announces its next round of earnings this Thursday, March 11. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.

Earnings Outlook for Luna Innovations

Luna Innovations Incorporated (LUNA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Luna Innovations Incorporated (LUNA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ROANOKE, Va.--(BUSINESS WIRE)-- #BOD--Luna announces upcoming changes to its Board of Directors, including the nomination of Pamela Coe and retirement of Donald Pastor.

Luna Innovations Announces Upcoming Changes to Board of Directors

Roanoke, VA, Feb. 24, 2021 (GLOBE NEWSWIRE) -- ROANOKE, VA, February 24, 2021 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth-quarter and full-year financial results for the period ended December 31, 2020 after the close of the stock market on Thursday, March 11, 2021.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the fourth-quarter and full-year 2020 earnings results.

Luna Announces Fourth-Quarter and Full-Year 2020 Financial Release Date of March 11, 2021

Luna Innovations Inc. flourishes in delivering strong financial performance in a challenging environment. The company boasts uninterrupted year-on-year growth for 12 consecutive quarters.

Luna Innovations: The Moon That Can't Be Moved

ROANOKE, Va.--(BUSINESS WIRE)-- #F35--Luna announced a $6.2 million deal with Lockheed Martin, further extending a long term relationship to develop new optical measurement products.

Luna Innovations and Lockheed Martin Extend Partnership

ROANOKE, Va.--(BUSINESS WIRE)-- #luna--Luna announced that it has entered into an agreement for a new secured debt facility for $27.5 million supplied by PNC Bank.

Luna Announces $27.5 Million Debt Financing From PNC

Luna Innovations is a unique, high-margin business with no competitors in many of its markets. Forward revenue growth of 17% and operating leverage lead to 40% EBITDA growth.

Luna Innovations: Underfollowed And Unloved, 17% Revenue Growth And 40% EBITDA Growth To Come

Luna Innovations, Inc. (LUNA) CEO Scott Graeff on Q3 2020 Results - Earnings Call Transcript

Roanoke, VA, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third-quarter financial results for the period ended September 30, 2020 after the close of the stock market on Monday, November 9, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the third-quarter earnings results.

Luna Announces Third-Quarter 2020 Financial Release Date of November 9, 2020

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Luna Innovations' (LUNA) CEO Scott Graeff on Q2 2020 Results - Earnings Call Transcript

ROANOKE, VA, July  16, 2020  (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2020 after the close of the stock market on Thursday, August 6, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the second-quarter earnings results.

Luna Announces Second-Quarter 2020 Financial Release Date of August 6, 2020

Luna Innovations, Inc. (LUNA) CEO Scott Graeff on Q1 2020 Results - Earnings Call Transcript

Roanoke, VA, April  30, 2020  (GLOBE NEWSWIRE) -- ROANOKE, VA, April 30, 2020 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its first-quarter financial results for the period ended March 31, 2020 after the close of the stock market on Thursday, May 7, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the first-quarter earnings results.

Luna Announces First-Quarter 2020 Financial Release Date of May 7, 2020

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Luna Innovations Incorporated (LUNA) CEO Scott Graeff on Q4 2019 Results - Earnings Call Transcript

Roanoke, VA, Feb.  20, 2020  (GLOBE NEWSWIRE) -- ROANOKE, Va., February 20, 2020 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth-quarter and full year financial results for the period ended December 31, 2019 after the close of the stock market on Thursday, March 5, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Senior Vice President and General Manager will host a conference call to discuss the fourth-quarter and year-end earnings results.

News for Luna Innovations Stock (LUNA)