Luna Releases Portable High-Resolution Reflectometer

Brings Breakthrough Measurement Capability for Field Maintenance Applications (ROANOKE, VA, March 10, 2020) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it is releasing the industry’s highest resolution portable reflectometer. The OBR 6200 Series performs advanced inspection and diagnostics of fiber optic assemblies and networks. Luna’s proven Optical Backscatter Reflectometer (OBR) technology provides advanced design, diagnostic…Read More

Luna Innovations Reports Record Fourth-Quarter and Full-Year 2019 Results

Company provides 2020 outlook Highlights Total revenues of $19.5 million for the three months ended December 31, 2019, up 44% compared to the three months ended December 31, 2018 Products and licensing revenues of $13.0 million for the three months ended December 31, 2019, up 63% compared to the three months ended December 31, 2018 Net income from continuing operations of $2.1 million, or $0.07…Read More

Luna Announces Fourth-Quarter 2019 and Year-End Financial Release Date of March 5, 2020

ROANOKE, Va., February 20, 2020 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth-quarter and full year financial results for the period ended December 31, 2019 after the close of the stock market on Thursday, March 5, 2020.  Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; and Brian Soller, Senior…Read More

Luna Innovations Names Gene Nestro as Chief Financial Officer

Luna Reaffirms Guidance (ROANOKE, VA, November 27, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Gene Nestro will join the company effective December 2, 2019 and will be named as Chief Financial Officer (CFO). Mr. Nestro will succeed current CFO Dale Messick, who has agreed to assist the company through mid-2020 to ensure a smooth…Read More

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