LUNA earnings

Luna Innovations Incorporated (NASDAQ:LUNA) (the "Company"), a global leader in advanced fiber optic-based technology, today announced it will delay the release of its fourth quarter and fiscal year 2023 financial results and the subsequent conference call. A Special Committee of the Company's Board of Directors is conducting an independent review, with the assistance of external legal and financial advisors, of certain transactions for which revenue was recognized in the second and third quarters of 2023 that did not qualify for revenue recognition under U.S. generally accepted accounting principles. The Special Committee is examining the circumstances surrounding these issues and is eva

Strengthens Portfolio of Distributed Fiber Optic Sensing Solutions Adds Significant New Growth Markets and Applications and Further Expands Global Footprint Conference Call Scheduled for Today, December 21st, at 11:00 AM ET Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced fiber optic-based technology, today announced the strategic acquisition of Silixa, a UK-based leader in distributed fiber optic sensing solutions. The acquisition further propels Luna's position in the fiber optic sensing market, adding capabilities in distributed acoustic sensing (DAS), distributed temperature sensing (DTS) and distributed strain sensing (DSS) that offer enhanced performance

Q3 Highlights Total revenue of $30.7 million, up 5% year over year Gross margin of 57%, compared to 58% for the prior year Net income of $0.5 million, compared to net income of $1.2 million for the prior year Adjusted EBITDA of $4.2 million, compared to $4.5 million for the prior year Adjusted EPS of $0.07, compared to $0.09 for the prior year Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced optical technology, today announced its financial results for the three and nine months ended September 30, 2023. "We delivered solid performance this quarter in spite of continued macroeconomic headwinds," said Scott Graeff, President and Chief Executive Offi

Roanoke, VA, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its third-quarter financial results for the period ended September 30, 2023, before the open of the stock market on Tuesday, November 14, 2023.  Following the release, Scott Graeff, President and Chief Executive Officer; George Gomez-Quintero, Chief Financial Officer; and Brian Soller, Chief Technology Officer will host a conference call at 8:30 a.m. Eastern to discuss the third-quarter 2023 earnings results. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab "Investor Relations." To participate by tele

Reaffirms Full-Year 2023 Outlook Q2 Highlights Total revenues of $29.2 million, up 11% year over year Gross margin of 58%, compared to 61% for the prior year Net loss of $1.6 million, compared to net loss of $2.4 million for the prior year Adjusted EBITDA of $2.7 million, compared to $1.2 million for the prior year Adjusted EPS of $0.04, compared to $(0.02) for the prior year Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced optical technology, today announced its financial results for the three and six months ended June 30, 2023. "We continue to see abundant opportunities for Luna's capabilities and are particularly pleased this quarter with str

Roanoke, VA, July 31, 2023 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2023, at the close of the stock market on Thursday, August 10, 2023. Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Technology Officer will host a conference call at 5:00 p.m. Eastern to discuss the second-quarter 2023 earnings results. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab "Investor Relations." To participate by telephone, the domestic

Reaffirms Full-Year 2023 Outlook Q1 Highlights Total revenues of $25.0 million, up 11% year over year Total revenues in constant currency of $25.3 million; up 13% year-over-year Gross margin of 60%, compared to 64% for the prior year Net loss of $1.8 million, compared to net income of $9.6 million for the prior year, which included the gain on sale of Luna Labs Adjusted EBITDA of $0.9 million, compared to $1.7 million for the prior year Adjusted EPS of $0.00, compared to $0.05 for the prior year Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced optical technology, today announced its financial results for the three months ended March 31, 2023.

Roanoke, VA, April 28, 2023 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its first-quarter financial results for the period ended March 31, 2023, before the open of the stock market on Tuesday, May 9, 2023. Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Technology Officer will host a conference call at 8:00 a.m. Eastern to discuss the first-quarter 2023 earnings results. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab "Investor Relations." To participate by telephone, the dome

Provides 2023 Guidance Q4 Financial Highlights Revenues of $31.7 million, up 31% year over year Revenues in constant currency of $32.5 million; up 34% year over year Gross margin of 61%, compared to 58% for the prior year Net income of $0.9 million, compared to net income of $1.6 million for the prior year Adjusted EBITDA of $4.7 million, compared to $3.1 million for the prior year Adjusted EPS of $0.08, compared to $0.08 for the prior year Full-Year Financial Highlights Revenues of $109.5 million, up 25% year over year Revenues in constant currency of $111.9 million; up 28% year over year Gross margin of 61%, compared to 59% for the prior year Net income of $9.3

Roanoke, VA, Feb. 21, 2023 (GLOBE NEWSWIRE) -- ROANOKE, VA, February 21, 2023 -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its fourth-quarter and full-year financial results for the period ended December 31, 2022, after the close of the stock market on Tuesday, March 14, 2023.   Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Technology Officer will host a conference call at 5:00 p.m. Eastern to discuss the fourth-quarter and full year 2022 earnings results and provide a business update. The investor conference call will be available via live webcast on the Luna w

Reaffirms Outlook Q3 Highlights Total revenues of $29.2 million, up 43% year-over-year Total revenues in constant currency of $30.1 million; up 48% year-over-year Gross margin of 58%, compared to 62% for the prior-year period Net income of $1.2 million, compared to net income of $0.4 million for the prior-year period Adjusted EBITDA of $4.5 million, compared to $2.1 million for the prior-year period Adjusted EPS of $0.09, compared to $0.03 for the prior-year period Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced optical technology, today announced its financial results for the three and nine months ended September 30, 2022. "I'm extremely pleased wit

Roanoke, VA, Oct. 27, 2022 (GLOBE NEWSWIRE) --      ROANOKE, VA, October 27, 2022 -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its third-quarter financial results for the period ended September 30, 2022, after the close of the stock market on Thursday, November 10, 2022.  Following the release, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Technology Officer will host a conference call at 5:00 p.m. Eastern to discuss the financial results and provide a business update.   The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the t

Reaffirms 2022 Outlook Highlights Total revenues of $26.2 million for the three months ended June 30, 2022, up 19% compared to the three months ended June 30, 2021 Gross margin of 61% for the three months ended June 30, 2022, compared to 57% for the three months ended June 30, 2021 Net loss of $2.4 million for the three months ended June 30, 2022, compared to net loss of $0.2 million for the three months ended June 30, 2021; primarily due to $1.8 million benefit from tax and discontinued operations in the second quarter 2021 Adjusted EBITDA of $1.2 million for the three months ended June 30, 2022, compared to $1.0 million for the three months ended June 30, 2021 Adjusted EPS of $

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. The investor conference call will be accessible by telephone and through the internet. Participants may register using this link to obtain dial-in details. Registr

Reaffirms 2022 Outlook Highlights Total revenues of $22.5 million for the three months ended March 31, 2022, up 7% compared to the three months ended March 31, 2021 Gross margin of 64% for the three months ended March 31, 2022, compared to 58% for the three months ended March 31, 2021 Operating loss of $2.4 million for the three months ended March 31, 2022, compared to operating loss of $1.6 million for the three months ended March 31, 2021 Net income of $9.6 million for the three months ended March 31, 2022, which includes the gain on sale of Luna Labs, compared to net loss of $0.3 million for the three months ended March 31, 2021 Adjusted EBITDA of $1.7 million for the thre

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. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab "Investor Relations." To participate by telephone, the domestic di

Luna Completes Divestiture of Luna Labs Acquires LIOS Sensing from NKT Photonics Highlights Total revenues of $24.2 million for the three months ended December 31, 2021, up 26%, compared to the three months ended December 31, 2020 Gross margin of 58% for the three months ended December 31, 2021, compared to 61% for the three months ended December 31, 2020 Operating income of $1.0 million for the three months ended December 31, 2021, compared to operating loss of $0.6 million for the three months ended December 31, 2020 Net income of $1.6 million for the three months ended December 31, 2021, compared to net loss of $0.1 million for the three months ended December 31, 2020 Adjuste

Strengthens global fiber sensing powerhouse LIOS Sensing's market-leading position in distributed temperature sensing (DTS) and strain and Luna's suite of sensing products forms industry's most comprehensive portfolio Further expands international presence and adds to global leadership position Complementary customer base provides for expanded sales opportunities Allows for further expansion into high-growth markets Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced optical technology, today announced it has acquired LIOS Sensing ("LIOS"), a division of NKT Photonics, a NKT A/S company (NASDAQ:NKT), for €20 million in cash. LIOS is a recognized market leader

Luna to focus on fiber optic-based technologies Luna Innovations Incorporated (NASDAQ:LUNA), a global leader in advanced fiber optic-based technology, today announced it has divested its Luna Labs division in a transaction valued at approximately $21 million. The investment was led by the executive management team at Luna Labs with support from two private equity firms, Mereo Capital Partners and Point Lookout Capital Partners. Under the terms of the sale, Luna will retain a less than five percent minority equity ownership interest in this new company. "The sale of Luna Labs marks a final step in the simplification of our portfolio; something we announced several years ago when we set our

Roanoke, VA, March 07, 2022 (GLOBE NEWSWIRE) -- Luna Announces Fourth-Quarter and Full-Year 2021 Financial Release Date of March 14, 2022 ROANOKE, VA, March 7, 2022 -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its fourth-quarter and full-year financial results for the period ended December 31, 2021, before the open of the stock market on Monday, March 14, 2022. Following the release, at 8:30 a.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Chief Operating Officer will host a conference call to discuss the fourth-quarter and full-year 2021 earnings results. The investor conference

Luna Labs moved to Discontinued Operations Highlights The following highlights reflect the reclassification of Luna Labs to discontinued operations: Total revenues of $20.3 million for the three months ended September 30, 2021, up 32% compared to the three months ended September 30, 2020 Gross margin of 62% for the three months ended September 30, 2021, compared to 63% for the three months ended September 30, 2020 Operating loss of $10 thousand for the three months ended September 30, 2021, compared to operating income of $1.2 million for the three months ended September 30, 2020 Net income of $0.4 million for the three months ended September 30, 2021, compared to net income of $3

Roanoke, VA, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its third-quarter financial results for the period ended September 30, 2021 after the close of the stock market on Monday, November 15, 2021.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Chief Operating Officer; 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. The investor conference call will be available via live webcast on the Luna website at www.luna

Delivers Record Revenue and Reaffirms 2021 Outlook Highlights Total revenues of $27.9 million for the three months ended June 30, 2021, up 50% compared to the three months ended June 30, 2020 Operating loss of $1.0 million for the three months ended June 30, 2021, versus operating income of $1.8 million for the three months ended June 30, 2020; primarily due to $1.5 million of transaction-related costs Net loss of $0.2 million for the three months ended June 30, 2021, compared to net income of $1.4 million for the three months ended June 30, 2020 Adjusted EBITDA of $2.1 million for the three months ended June 30, 2021, compared to $3.0 million for the three months ended June 30,

Roanoke, VA, July 26, 2021 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2021 after the close of the stock market on Monday, August 9, 2021.  Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Chief Operating Officer; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call at 5 p.m. Eastern, to discuss the second-quarter earnings results. The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab "Investor

Reaffirms 2021 Outlook Highlights Total revenues of $26.3 million for the three months ended March 31, 2021, up 53% compared to the three months ended March 31, 2020 Operating loss of $0.8 million for the three months ended March 31, 2021, versus operating income of $0.4 million for the three months ended March 31, 2020; primarily due to $1.4 million of transaction related costs Net loss of $0.3 million for the three months ended March 31, 2021, compared to net loss of $1.1 million, for the three months ended March 31, 2020 Adjusted EBITDA increased to $2.1 million for the three months ended March 31, 2021, compared to $1.6 million for the three months ended March 31, 2020 Adj

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced its financial results for the three months and full fiscal year ended December 31, 2020. “Our outstanding operating and financial performance in 2020 in the midst of a pandemic underscores the strength of our product portfolio, our ability to innovate and the fact that we are clear about our strategy and have not wavered from our stated vision,” said Scott Graeff, President and Chief Executive Officer of Luna. “From an operational standpoint, the absolute focus and dedication of our team was evident as we continued to execute against that st