Luna Innovations Incorporated - LUNA STOCK NEWS

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.

Luna Innovations (NASDAQ: LUNA) announced that CEO Scott Graeff will present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 9:55 a.m. ET. A live webcast will be available on Luna's investor relations page, and a replay will follow the event. Luna specializes in advanced fiber optic technology, providing test products for telecommunications and sensing solutions for aerospace and automotive sectors. The company's business model aims to expedite the market introduction of innovative technologies.

Luna Innovations Incorporated (NASDAQ: LUNA) is set to announce its second-quarter financial results for the period ending June 30, 2021, on August 9, 2021, post-market close. The announcement will be followed by a conference call at 5 p.m. Eastern, featuring key executives including Scott Graeff, the President and CEO. Investors can access the call via live webcast or by dialing in using designated numbers. Luna Innovations is recognized for its advanced optical technology in the telecommunications, aerospace, and automotive sectors, focusing on innovative product development.