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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Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q3 2024

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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Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of -166.67% and 0.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Luna Innovations Incorporated (LUNA) Reports Q2 Loss, Tops Revenue Estimates

ROANOKE, Va.--(BUSINESS WIRE)-- #EARNINGS--Luna announces its financial results for the three and six months ended June 30, 2022 and reaffirms 2022 outlook.

Luna Innovations Reports Second-Quarter 2022 Results

Roanoke, VA, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2022, before the open of the stock market on Thursday, August 11, 2022.  Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Operating Officer will host a conference call at 8:30 a.m. Eastern to discuss the financial results and provide a business update.

Luna Announces Second-Quarter 2022 Financial Release Date of August 11, 2022

PNC Financial Services

ROANOKE, Va.--(BUSINESS WIRE)--Luna announces new debt facility with PNC, replacing previous debt facilities.

Luna Innovations Announces $35M Debt Facility

Luna Innovations Incorporated (LUNA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Luna Innovations Incorporated (LUNA) Moves 11.7% Higher: Will This Strength Last?

ROANOKE, Va.--(BUSINESS WIRE)--Luna will be partcipating in the virtual East Coast IDEAS Confernece on June 22, 2022.

Luna Innovations to Present at the East Coast IDEAS Conference

ROANOKE, Va.--(BUSINESS WIRE)--Luna to participate in B. Riley's upcoming investor conference in Beverly Hills, California this week.

Luna Innovations to Present at B. Riley Securities 22nd Annual Institutional Investor Conference

Luna Innovations Incorporated (NASDAQ:LUNA ) Q1 2022 Earnings Conference Call May 16, 2022 8:30 AM ET Company Participants Allison Woody - Director of Administration Scott Graeff - President and Chief Executive Officer Gene Nestro - Chief Financial Officer Brian Soller - Chief Operating Officer Conference Call Participants Barry Sine - Spartan Capital Securities LLC Alex Henderson - Needham & Company, LLC Christopher Sakai - Singular Research Dave Kang - B. Riley FBR Operator Good day, and thank you for standing by.

Luna Innovations Incorporated (LUNA) CEO Scott Graeff on Q1 2022 Results - Earnings Call Transcript

Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of 600% and 6.87%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Luna Innovations Incorporated (LUNA) Q1 Earnings and Revenues Top Estimates

Luna Innovations Inc (NASDAQ: LUNA) reported first-quarter FY22 revenue growth of 7% year-on-year to $22.5 million, beating the consensus of $21.2 million. Margins: The gross margin expanded 600 bps to 64%, driven primarily by a favorable product mix.

Why Luna Innovations Shares Are Gaining Today

ROANOKE, Va.--(BUSINESS WIRE)--Luna reports its financial results for the first quarter 2022 and reaffirms its annual outlook.

Luna Innovations Reports First-Quarter 2022 Results

ROANOKE, Va.--(BUSINESS WIRE)--Luna announces a significant multi-unit purchase order for the F-35 program, strengthening its relationship with Lockheed Martin.

Luna Secures Follow-on Order with Lockheed Martin

ROANOKE, VA, April 28, 2022 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its first-quarter financial results for the period ended March 31, 2022, before the open of the stock market on Monday, May 16, 2022. Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Operating Officer will host a conference call at 8:30 a.m. Eastern to discuss the first-quarter 2022 earnings results.

Luna Announces First-Quarter 2022 Financial Release Date of May 16, 2022

ROANOKE, Va.--(BUSINESS WIRE)-- #supplieraward--BAE Systems rewards Luna Innovations with the Gold Tier Supplier Award for exceptional performance and contributions to supply chain success.

Luna Innovations Earns Top Award from BAE

Luna Innovations Incorporated (LUNA) CEO Scott Graeff on Q4 2021 Results - Earnings Call Transcript

Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of 60% and 4.69%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Luna Innovations Incorporated (LUNA) Tops Q4 Earnings and Revenue Estimates

Luna Innovations Inc (NASDAQ: LUNA) reported fourth-quarter FY21 revenue growth of 26% year-on-year to $24.2 million, beating the consensus of $23.7 million. The gross margin contracted 300 bps to 58%, driven primarily by product mix due to acquisitions.

Why Are Luna Innovations Shares Trading Higher Today

ROANOKE, Va.--(BUSINESS WIRE)-- #2022outlook--Luna releases its fourth-quarter and year-end 2021 financial results and provides 2022 outlook.

Luna Innovations Reports Fourth-Quarter and Full-Year 2021 Results

ROANOKE, Va.--(BUSINESS WIRE)-- #Acquisition--Luna announces it has acquired LIOS Sensing, a market-leader in temperature and strain sensing, strengthening its fiber optic offerings.

Luna Innovations Acquires LIOS Sensing

ROANOKE, Va.--(BUSINESS WIRE)-- #Luna--Luna is now a pure-play fiber optic-based technology company after completing divestiture of Luna Labs.

Luna Announces Sale of Luna Labs

Roanoke, VA, March 07, 2022 (GLOBE NEWSWIRE) -- Lu na Announces Fourth - Quarter and Full-Year 2 02 1 Financial Release Date o f March 14 , 20 2 2

Luna Announces Fourth-Quarter and Full-Year 2021 Financial Release Date of March 14, 2022

ROANOKE, Va.--(BUSINESS WIRE)-- #Luna--Luna to present at the 24th Annual Needham Virtual Growth Conference on Friday, January 14, 2022 at 9:15 a.m. ET.

Luna Innovations to Present at Needham Virtual Growth Conference

ROANOKE, Va.--(BUSINESS WIRE)-- #Luna--Luna announces its fiber optic sensing solutions are being used in the mining industry to monitor tailings dam structures.

Luna Delivers Large Infrastructure Monitoring Projects Leveraging New Sensing Capabilities

Luna Innovations Incorporated (LUNA) CEO Scott Graeff on Q3 2021 Results - Earnings Call Transcript

Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of -57.14% and -33.56%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Luna Innovations Stock (LUNA)