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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.
Luna Innovations (NASDAQ: LUNA) has divested its Luna Labs division for approximately $21 million, led by the executive management of Luna Labs and supported by private equity firms. This divestiture aligns with Luna's strategy to focus exclusively on fiber optic-based technologies. Post-sale, Luna retains a less than 5% minority equity interest in the new company. CEO Scott Graeff emphasized that this move simplifies the company's portfolio, enhancing its growth potential in fiber optics.
Luna Innovations Incorporated (NASDAQ: LUNA) will release its fourth-quarter and full-year 2021 financial results on March 14, 2022, prior to the stock market opening. A conference call will follow at 8:30 a.m. Eastern, featuring CEO Scott Graeff, CFO Gene Nestro, and COO Brian Soller, discussing the earnings. Investors can join the call via live webcast or by telephone. Luna is a leader in optical technology, specializing in fiber optic-based test products and sensing technologies across various industries.
Luna Innovations Incorporated (NASDAQ: LUNA) announced its participation in the 24th Annual Needham Virtual Growth Conference on January 14, 2022, at 9:15 a.m. ET. Scott Graeff, President and CEO, will present at the event. Investors can access the presentation via a webcast on Luna’s website. A replay of the presentation will be made available afterwards. Luna Innovations is renowned for its advanced fiber optic-based technologies, catering to the telecommunications industry and other sectors.
Luna Innovations (NASDAQ: LUNA) has launched a new structural health monitoring solution aimed at improving safety in mining operations, specifically for tailings dams. This innovative system merges distributed and discrete sensing technologies, offering a more effective and cost-efficient alternative to existing solutions. Recent deployments in North America, Canada, Brazil, and Asia highlight the system's capability to provide early warnings of potential issues, aiding mining operators in risk mitigation. Luna's monitoring solutions are adaptable for other infrastructures beyond tailings dams, enhancing overall operational safety.
Luna Innovations Incorporated (NASDAQ: LUNA) announced its Q3 and nine-month financial results for 2021. Revenues reached $20.3 million, up 32% year-over-year. Despite a gross margin of 62%, net income fell to $0.4 million, down 89% from 2020. Operating loss shifted to $10 thousand compared to $1.2 million in profit last year. The adjustments in operations reflect the transition of Luna Labs to discontinued operations. The company expects full-year revenues of $85 million to $88 million, citing COVID-19 and supply chain disruptions as factors affecting performance.
Luna Innovations Incorporated (NASDAQ: LUNA) announced that CEO Scott Graeff will present at the Needham Virtual Security, Networking, & Communications Conference on November 16, 2021, at 8:45 a.m. ET. A webcast of the presentation will be available on their investor relations website and can also be accessed via a specific web link. Following the event, a replay will be available. The management team will also hold virtual one-on-one meetings during the conference.
Luna is a leader in optical technology, focusing on high-performance fiber optic-based test products for telecommunications and distributed sensing in aerospace and automotive sectors.
Luna Innovations Incorporated (NASDAQ: LUNA) will release its third-quarter financial results for the period ending September 30, 2021, on November 15, 2021, after market close. Following the release, key executives including CEO Scott Graeff will host a conference call at 5 p.m. Eastern to discuss the earnings results. The call can be accessed via live webcast on Luna's website or by telephone. Luna Innovations is a leader in optical technology, focusing on high-performance fiber optic products for various industries.
Luna Innovations (NASDAQ: LUNA) has announced a new production profiling capability through its OptaSense fiber optic sensing products, developed in collaboration with ConocoPhillips. This advancement enhances the accuracy of oil production assessments in unconventional wells, utilizing patented transient analysis technology. The solution allows for both permanent and temporary deployment, improving detection of production features that other tools miss. Luna's ongoing collaboration with industry partners positions it as a leader in fiber-based monitoring services for the oil and gas sector.
Luna Innovations Incorporated (NASDAQ: LUNA) announced that Barry Phelps, a board member, was named to the 2021 NACD Directorship 100. This recognition highlights influential leaders in corporate governance. Phelps has been with Luna for four years, contributing significantly to its board with his financial management experience. CEO Scott A. Graeff praised Phelps for his vital guidance, especially during challenging times. The NACD will recognize Phelps during a virtual gala on November 9, 2021, and feature him in their November/December issue.
Luna Innovations Incorporated (NASDAQ: LUNA) reported strong financial results for Q2 2021, achieving record revenue of $27.9 million, a 50% increase from Q2 2020. This growth was driven by a 70% rise in Lightwave revenues, attributed to acquisitions and demand in telecommunications and defense markets. However, the company faced an operating loss of $1 million, a decline from a $1.8 million income last year, primarily due to integration costs from recent acquisitions. Luna reaffirms its full-year revenue guidance of $122-$127 million.
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