Luna Announces Sale of Optoelectronic Solutions

Divestiture supports strategic focus on fiber optic based test and measurement (ROANOKE, VA, August 01, 2018) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has closed on the divestiture of its Optoelectronic Solutions (OPTO) business to OSI Optoelectronics, Inc. a subsidiary of OSI Systems, Inc.  for up to $18.5 million.  OSI Systems, Inc. is a vertically integrated…Read More

Luna Innovations Reports Record Second Quarter 2018

(ROANOKE, VA, August 1, 2018) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today reported record financial results for the three and six months ended June 30, 2018. Fifth consecutive quarter of year-over-year revenue growth and positive net income from continuing operations Total revenues of $13.8 million for the three months ended June 30, 2018, up 22% compared to the…Read More

Luna Announces Second Quarter Financial Release Date of August 1, 2018

ROANOKE, Va., July 23, 2018 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second quarter financial results for the period ended June 30, 2018, in a conference call with investors. Scott Graeff, president and chief executive officer, and Dale Messick, chief financial officer, will host the call on Wednesday, August 1, 2018, at 8:30 a.m. (EDT). The investor conference call will be…Read More

Luna Innovations Reports Strong First Quarter 2018 Results

Total revenues of $12.2 million for the three months ended March 31, 2018, up 21% compared to the three months ended March 31, 2017 Products and licensing revenues of $7.6 million for the three months ended March 31, 2018, up 29% compared to the three months ended March 31, 2017 Net income improved to $0.1 million for the three months ended March 31, 2018 compared…Read More

Luna Announces First Quarter Financial Release Date of May 9, 2018

ROANOKE, Va., May 2, 2018 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its first quarter financial results for the period ended March  31, 2018, in a conference call with investors. Scott Graeff, president and chief executive officer, and Dale Messick, chief financial officer, will host the call on Wednesday, May 9, 2018, at 5:00 p.m. (EDT). The investor conference call will be…Read More

Luna Innovations Reports Strong Fourth Quarter and Full Year 2017 Financial Results

Revenue of $13.2 million and $46.2 million for the quarter and full fiscal year ended December 31, 2017, up 12.1% and 10.4%, respectively versus same periods prior year Net income from continuing operations of $0.2 million, which includes effects of a one-time pre-tax charge of $0.7 million, and adjusted EBITDA of $1.2 million for the quarter ended December 31, 2017, compared to $0.3 million and…Read More

Luna Announces Fourth Quarter 2017 and Year-End Financial Release Date of March 20, 2018

ROANOKE, Va., March 13, 2018 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth quarter and full year financial results for the period ended December  31, 2017, in a conference call with investors. Scott Graeff, president and chief executive officer, and Dale Messick, chief financial officer, will host the call on Tuesday, March 20, 2018, at 5:00 p.m. (EDT). The investor conference…Read More

Margaret Murdock Named General Manager of TeraMetrix™, A Division of Luna Innovations

(ROANOKE, VA, January 25, 2018) – Luna Innovations Incorporated (NASDAQ: LUNA) is pleased to announce its recent hire of Margaret Murdock, who has joined TeraMetrix™, a division of Luna in Ann Arbor, Michigan, as General Manager. Murdock will accelerate the development and global commercialization of the terahertz product platform for the industrial process control environments, aerospace and non-destructive testing (NDT) markets.   “TeraMetrix is a growing…Read More