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

Luna Innovations Introduces New Multichannel ODiSI 6100

Expands Luna’s high-definition fiber optic sensing into manufacturing and multi-channel applications (ROANOKE, VA, December 12, 2017)  As the automotive and aerospace industries demand advanced measurement systems to enable lightweight designs, Luna Innovations Incorporated (NASDAQ: LUNA) launches its enhanced ODiSI 6100 proprietary strain and temperature measurement technology for integration into these industrial environments that place strict requirements on scalability, usability, interoperability, and overall system stability. Unlike…Read More

Luna Innovations Incorporated Reports Third Quarter and First Nine Months of 2017 Financial Results

Net income from continuing operations improved to $0.5 million for the three months ended September 30, 2017 compared to a net loss from continuing operations of $(0.4) million for the three months ended September 30, 2016.  Cash and cash equivalents were $38.5 million at September 30, 2017. (ROANOKE, VA, November 13, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced its financial results for the three and…Read More

Luna Announces Third Quarter Financial Release Date of November 13, 2017

ROANOKE, Va., November 6, 2017 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third quarter financial results for the period ended September  30, 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 Monday, November 13, 2017, at 5:00 p.m. (EST). The investor conference call will be…Read More

Scott A. Graeff Named President and CEO of Luna Innovations

(ROANOKE, Va., October 23, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA), today announced that its board of directors has appointed Scott Graeff as the company’s president and chief executive officer effective immediately.  Graeff, who has been serving as chief strategy officer, treasurer and secretary, replaces My Chung, who has retired from the company.  Graeff will also join the board of directors. Graeff joined Luna in…Read More

Luna Innovations Incorporated Announces Stock Repurchase Program

ROANOKE, VA, (September 20, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced that its Board of Directors has reinstituted the Company’s stock repurchase program and authorized the repurchase of up to $2.0 million of Luna’s common stock.  Luna’s prior stock repurchase program expired on May 31, 2017. “Reflecting our continuing commitment to building shareholder value, this new stock repurchase program provides us with additional…Read More

Luna Innovations Incorporated Reports Second Quarter and First Half of 2017 Financial Results

Net loss improved to $(0.2) million for the three months ended June 30, 2017 compared to $(0.8) million for the three months ended June 30, 2016.  Adjusted EBITDA improved to $0.8 million for the three months ended June 30, 2017 compared to $0.4 million for the three months ended June 30, 2016. (ROANOKE, VA, August 10, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced its…Read More

Luna Announces Sale of High-Speed Optical Receivers Technology

MACOM buys assets and technology for HSOR business for $33.5 million; Luna to retain Terahertz technology ROANOKE, VA, (August 9, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA), which develops and manufactures new-generation products for the aerospace, automotive, energy, defense, and telecommunications markets, today announced that MACOM Technology Solutions Holdings, Inc.  (NASDAQ: MTSI) has agreed to buy the assets and operations related to its high-speed optical…Read More