Luna Innovations to Present at Needham Virtual Investor Growth Conference

Rhea-AI Summary

Luna Innovations (NASDAQ: LUNA) announced that CEO Scott Graeff will present at the 23rd Annual Needham Virtual Investor Growth Conference on January 13, 2021, at 2:00 p.m. ET. Investors can access a webcast of the presentation on Luna's investor relations website. The company reaffirmed its 2020 outlook, projecting total revenues between $81 million and $83 million, with an adjusted EBITDA of $10 million to $12 million. Adjusted EBITDA is a non-GAAP financial measure that provides insight into operating performance by excluding certain expenses.

Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Scott Graeff, President and CEO, will present at the 23^rd Annual Needham Virtual Investor Growth Conference on Wednesday, January 13, 2021, at 2:00 p.m. ET. A webcast of the presentation will be posted on the investor relations section of Luna’s website at http://ir.lunainc.com/ and can be accessed at https://wsw.com/webcast/needham103/luna/2247264. A replay of the presentation will be available following the event. Management also will be participating in virtual one-on-one meetings January 11-15, 2021. To arrange a meeting, please contact conferences@needhamco.com.

Reaffirming 2020 Outlook

The company also is reaffirming its 2020 outlook range of:

• Total revenues of $81 million to $83 million, and
• Adjusted EBITDA of $10 million to $12 million.

Non-GAAP Financial Measures

In evaluating the operating performance of its business, Luna’s management considers Adjusted EBITDA, which excludes certain charges and credits that are required by GAAP. Adjusted EBITDA provides useful information to both management and investors by excluding the effect of certain non-cash expenses and items that Luna believes may not be indicative of its operating performance, because either they are unusual and Luna does not expect them to recur in the ordinary course of its business, or they are unrelated to the ongoing operation of the business in the ordinary course. Adjusted EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

About Luna

Luna Innovations, Incorporated (www.lunainc.com) is a leader in optical technology, providing unique capabilities in high-performance, fiber optic-based, test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries. Luna is organized into two business segments, which work closely together to turn ideas into products: Lightwave and Luna Labs. Luna’s business model is designed to accelerate the process of bringing new and innovative technologies to market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210111005541/en/

FAQ

When is Luna Innovations' presentation at the Needham Virtual Investor Growth Conference?

Luna Innovations will present on January 13, 2021, at 2:00 p.m. ET.

How can I access Luna Innovations' presentation?

The presentation will be available via webcast on Luna's investor relations website.

What are Luna Innovations' 2020 revenue projections?

Luna Innovations projects total revenues between $81 million and $83 million for 2020.

What is Luna Innovations' adjusted EBITDA outlook for 2020?

The adjusted EBITDA outlook is projected to be between $10 million and $12 million.

What is adjusted EBITDA and why does Luna Innovations highlight it?

Adjusted EBITDA excludes certain non-cash expenses and provides a clearer view of Luna's operating performance.