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Luna Innovations Incorporated - LUNA STOCK NEWS

Welcome to our dedicated page for Luna Innovations Incorporated news (Ticker: LUNA), a resource for investors and traders seeking the latest updates and insights on Luna Innovations Incorporated stock.

Luna Innovations Incorporated (LUNA) is a leading company in the field of optical technology. The company provides high-performance fiber optic test, measurement, and control products primarily for the telecommunications and photonics industries. Their expertise extends to distributed fiber optic sensing solutions, which are used to measure and monitor materials and structures in sectors such as aerospace, automotive, oil and gas, security, and infrastructure.

Who We Are: Luna Innovations is a diverse team of scientists, engineers, and business professionals dedicated to developing and manufacturing a new generation of technologies. The company operates in two main business segments: the Products and Licensing segment, and the Technology Development segment.

Products and Licensing Segment: This segment focuses on developing, manufacturing, and commercializing products that meet the needs of various markets. With the merger with Advanced Photonix, Inc., Luna Innovations now also packages optoelectronic semiconductors into high-speed optical receivers (HSOR), customizes optoelectronic subsystems, and offers terahertz instrumentation. The company provides advanced optical measurement technologies including sensing solutions and communications testing equipment. Their Lightwave segment is notable for its specialized laser and photonic components.

Technology Development Segment: This segment is dedicated to applied research services for both commercial and government-funded projects. Luna Innovations works in areas like sensing, advanced materials, and health sciences to accelerate the process of bringing innovative products to market.

Why It Matters: Luna Innovations' business model is designed to bring new and innovative products to market quickly. The company’s unique structure and diverse expertise allow it to serve a wide range of industries effectively, ensuring that clients receive cutting-edge technology solutions.

Financial Condition: Majority of Luna Innovations' revenue is generated from the U.S. market, highlighting its strong domestic presence. The company’s focus on high-performance, innovative products positions it well for sustained growth and market leadership.

Recent Achievements and Current Projects: The company continues to make significant strides in optical technology, contributing to major advancements across multiple industries. Luna Innovations regularly updates stakeholders with the latest developments and company milestones through press releases and news updates.

For the latest news, financial updates, and detailed information about Luna Innovations Incorporated, visit our news section.

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Luna Innovations Incorporated (NASDAQ: LUNA) will report its Q3 financial results on November 14, 2023. The conference call to discuss the earnings will be hosted by the President, CFO, and CTO. The webcast will be available on the company's website.
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Luna Innovations announces appointment of George Gomez-Quintero as CFO and reaffirms annual guidance
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Luna Innovations announces successful application of fiber optic sensing-based traffic monitoring for Utah DOT, providing accurate and timely information. The system detects average traffic speed, slow or stopped traffic, and estimates journey times. The solution uses pre-existing fiber and has been deployed since 2022, providing early warning of avalanches and other incidents. Similar deployments have been successful in other states. The project is eligible for federal funding.
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Luna Innovations wins $1 million contract to provide heat detection monitoring in South African mines using fiber optic technology.
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Luna Innovations reports Q2 2023 financial results with total revenues of $29.2 million, up 11% YoY. Gross margin at 58% and net loss of $1.6 million. Adjusted EBITDA of $2.7 million and adjusted EPS of $0.04. Reaffirms full-year 2023 outlook with revenue of $125 million to $130 million and adjusted EBITDA of $14 million to $18 million.
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Luna Innovations has won a large purchase order for its THz sensing solution for application in automotive EV battery production. The company has completed the transfer of production to its Atlanta facility, expecting four times greater capacity.
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Luna Innovations Incorporated (NASDAQ: LUNA) to Report Second-Quarter 2023 Financial Results on August 10, 2023
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FAQ

What is the current stock price of Luna Innovations Incorporated (LUNA)?

The current stock price of Luna Innovations Incorporated (LUNA) is $1.63 as of November 15, 2024.

What is the market cap of Luna Innovations Incorporated (LUNA)?

The market cap of Luna Innovations Incorporated (LUNA) is approximately 55.5M.

What does Luna Innovations Inc do?

Luna Innovations Inc provides high-performance fiber optic test, measurement, and control products for telecommunications, photonics, and other industries.

What are the main business segments of Luna Innovations?

The main segments are the Products and Licensing segment and the Technology Development segment.

Which industries does Luna Innovations serve?

Luna Innovations serves industries including aerospace, automotive, energy, defense, healthcare, and telecommunications.

What technologies does Luna Innovations specialize in?

Luna specializes in optical measurements, fiber optic sensing solutions, terahertz instrumentation, and high-speed optical receivers.

How does Luna Innovations accelerate product market entry?

Their business model is designed to streamline the development and commercialization of new and innovative products.

Where does Luna Innovations generate most of its revenue?

The majority of its revenue is derived from the U.S. market.

What recent achievements has Luna Innovations made?

The company has made significant advancements in optical technology and continues to update stakeholders with new developments.

What kind of research services does Luna Innovations provide?

Luna offers applied research services in sensing, advanced materials, and health sciences for commercial and government-funded projects.

What is the Lightwave segment of Luna Innovations?

The Lightwave segment focuses on optical measurement technologies, including fiber optic sensing and photonic components.

How has the merger with Advanced Photonix, Inc. impacted Luna Innovations?

The merger has expanded Luna's capabilities to include packaging optoelectronic semiconductors and offering terahertz instrumentation.

Luna Innovations Incorporated

Nasdaq:LUNA

LUNA Rankings

LUNA Stock Data

55.52M
33.96M
8.07%
50.19%
5.73%
Scientific & Technical Instruments
Services-commercial Physical & Biological Research
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United States of America
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