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Luna Innovations to Delay Release of Fourth Quarter and Full Year 2023 Financial Results

Luna Innovations will delay the release of its fourth quarter and fiscal year 2023 financial results. 

A Special Committee of the Company’s Board of Directors is conducting an independent review, with the assistance of external legal and financial advisors, of certain transactions for which revenue was recognized in the second and third quarters of 2023 that did not qualify for revenue recognition under U.S. generally accepted accounting principles. 

Luna to Present at Needham Growth Conference

Company executives will participate in the 26th Annual Needham Growth Conference in New York City, New York. Scott Graeff, President and CEO; George Gomez- Quintero, CFO; and Brian Soller, CTO and EVP, Corporate Development, will present on Thursday, January 18, 2024, at 8:45 a.m. ET. Click to view details on the conference.

Luna Acquires Silixa

Our acquisition of Silixa, Distributed Fibre Optic Sensing Systems & Solutions provider, strengthens Luna's portfolio of distributed fiber optic sensing solutions.

This acquisition adds significant new growth markets and applications, further expanding our global footprint.

 Conference Call Scheduled for December 21st, at 11:00 AM ET
 

Luna Announces $50 Million Strategic Investment from White Hat Capital Partners

Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, also announced today, and related transaction costs in the aggregate amount of approximately $25 million. Remaining proceeds were used to repay the Company’s outstanding $17 million term loan with PNC Bank and strengthen the Company’s balance sheet.

Latest From Our Blog

Luna’s Pipeline Monitoring System Ensures Integrity and Smooth Operations for Mining Operations in South America

Luna’s fiber-optic-based distributed acoustic sensing (DAS) system and OptaSense OS6™ real-time visualization software were deployed along the slurry line from a remote mining zone to a port hundreds of kilometers away. 

Exploring LIDAR, Part II

Luna’s RIO Lasers developed proprietary PLANEX technology specifically to address the needs of optical sensing and meteorology where high coherence length and low noise are critical enabling specifications. In this second post of a 2-part series, we examine the performance further and examples of outcomes.

Exploring LIDAR, Part I

In this first of a two-part blog series, we take a closer look at LIDAR (Light Detection and Ranging) technology and its broad-reaching applications that impact many of our daily activities.

Luna Reflectometers - An Indispensable Tool for PDV System Diagnostics

Luna’s optical frequency domain reflectometry (OFDR) technology has facilitated PDV system development since the early days of PDV. The OBR 4600’s high spatial resolution reflectivity measurement and ability to characterize a complete optical path in one scan make it extremely useful as a diagnostic tool for PDV systems.

Latest Events

Abu Dhabi International Petroleum Exhibition Conference (ADIPEC)

LUNA is proud to be an exhibiting partner for ADIPEC

AMI Medical Tubing and Catheters Expo

LUNA is proud to be an exhibiting partner for AMI Medical Tubing and Catheters

Automotive Testing Expo

LUNA is proud to be an exhibiting partner for Automotive Testing Expo

Battery Show USA

LUNA is proud to be an exhibiting partner for Battery Show USA

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