Luna Innovations Reports Strong Third-Quarter 2019 Results

Raises 2019 Outlook Highlights Total revenues of $18.4 million for the three months ended September 30, 2019, up 72% compared to the three months ended September 30, 2018 Products and licensing revenues of $11.9 million for the three months ended September 30, 2019, up 122% compared to the three months ended September 30, 2018 Net income from continuing operations of $1.2 million, or $0.04 per…Read More

Luna Selected as a NASA Partner for Moon and Mars Technologies

(ROANOKE, VA, October 29, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today shared that it has been selected as one of only 14 companies to partner with NASA in the agency’s “Moon to Mars” exploration studies.  With a $2 million award from NASA’s fourth competitive “Tipping Point solicitation,” Luna’s fiber optic sensors will be embedded within inflatable…Read More

Luna Announces Third-Quarter 2019 Financial Release Date of November 5, 2019

ROANOKE, Va., October 22, 2019 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third-quarter financial results for the period ended September 30, 2019 after the close of the stock market on Tuesday, November 5, 2019.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Dale Messick, Chief Financial Officer; and Brian Soller, Senior Vice President and…Read More

Luna Announces New Credit Facility

(ROANOKE, VA, October 15, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, announced today it has entered into a new $10 million revolving credit facility with Silicon Valley Bank (SVB). The facility is secured by both tangible and intangible assets and will mature in October 2020. A prior $6 million term loan with SVB matured and was fully…Read More

Luna Innovations Announces Conversion of Preferred Shares

Dividend Payment to former Preferred Holder Ceases (ROANOKE, VA, September 26, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Carilion Clinic has provided notice to convert their 1.3 million shares of Series A convertible preferred stock into common stock on a one-for-one basis effective September 30, 2019.  Per the terms of the Series A convertible…Read More

Luna’s Fiber Optic Sensing Products Enhance the Safety of Oil and Gas Pipelines

(ROANOKE, VA, September 12, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today shared that its fiber optic sensing technology is becoming adopted for safety and integrity monitoring in the oil and gas industry.   A continuous monitoring system allows early detection and warnings of defects before they reach the magnitude of a major disaster.  While pipelines are…Read More

Luna Innovations to Present at Singular Research Midwestern Values Conference on September 19, 2019

(ROANOKE, VA, September 10, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Scott Graeff, President and CEO, will participate in the Singular Research Midwestern Values Conference on Thursday, September 19, 2019 at the W Hotel in Chicago, Illinois. The presentation is scheduled for 11:00 a.m. ET, 10:00 a.m. CT. The presentation will also be available online via a…Read More

Mary Beth Vitale Appointed to Luna Innovations Board of Directors

(ROANOKE, VA, September 5, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Mary Beth Vitale has been appointed to its Board of Directors, effective September 1, 2019. Ms. Vitale is Co-Founder and Principal of Pellera, LLC, a strategic communications and board development consulting firm. She holds a Certificate for Cybersecurity Oversight and is a Qualified…Read More

Luna Innovations Incorporated Announces Share Repurchase Program

(ROANOKE, VA, September 3, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced that its Board of Directors has reinstated a share repurchase program of up to $2.0 million of Luna Innovations common stock. “Over the past two years, Luna Innovations has taken action to strengthen its balance sheet and to execute transactions that we believe will generate…Read More

Luna Innovations Reports Strong Second-Quarter 2019 Results

Raises 2019 Outlook Highlights Total revenues of $17.8 million for the three months ended June 30, 2019, up 80% compared to the three months ended June 30, 2018 Products and licensing revenues of $11.4 million for the three months ended June 30, 2019, up 155% compared to the three months ended June 30, 2018 Net income of $0.8 million, or $0.02 per fully diluted share,…Read More