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Luna Innovations Announces Restatement of Financial Statements

A Special Committee of the Company’s Board of Directors has been conducting an independent review, with the assistance of external legal and financial advisors, of certain revenue recognition matters in connection with the Company’s previously issued financial statements.

As the independent review remains ongoing and the full extent of this impact is still being determined, the Company cannot at this time estimate when it will file its restated financial statements. 

Luna Innovations Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K

On April 2, 2024, Luna received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) concerning compliance.

Luna is working diligently to complete its Form 10-K to ensure compliance with Nasdaq Listing Rule 5250(c)(1) and will provide an update once more information is available.

Luna Innovations Announces CEO Transition

Richard Roedel Named Interim Executive Chairman and Interim President 

Luna Innovations Incorporated today announced that Scott Graeff has retired from his role as President and Chief Executive Officer of the Company and has stepped down from the Board of Directors, leaving the Company after 21 years. The Board has initiated a search for a new President and Chief Executive Officer.

Delayed Release of Fourth Quarter & 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 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. 

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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