Luna Innovations Inc (OQ:LUNA)
Business Focus: Testing & Measuring Equipment
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 301 First Street Sw, Suite 200 ROANOKE VA 24011 |
| Tel: | N/A |
| Website: | https://lunainc.com |
| IR: | See website |
| Key People | ||
| Richard W. Roedel Interim Executive Chairman of the Board, Interim President, Principal Executive Officer, Principal Operating Officer | George Gomez-Quintero Chief Financial Officer | Brian J. Soller Chief Technology Officer |
| Business Overview |
| Luna Innovations Incorporated provides advanced optical technology. The Company is engaged in providing capabilities in fiber optic-based, test products for the telecommunications industry and distributed fiber optic-based sensing for a multitude of industries. It operates through Lightwave segment, which consists of its fiber optics testing, measurement and sensing solutions. Its Lightwave segment develops, manufactures, and markets optical measurement technologies, including sensing and communications test and photonic control. Sensing consists of short, medium, and long-range distributed fiber optic sensing solutions; and Terahertz (THz) measurement products. Communications test and photonic control includes test equipment for communications devices and networks, and specialty laser and photonic components. Its Lightwave segment also performs applied research principally in the areas of optical sensing and THz technologies. It sells and markets its THz instruments primarily to OEMs. |
| Financial Overview |
| For the nine months ended 30 September 2023, Luna Innovations Inc revenues increased 9% to $84.9M. Net loss before extraordinary items decreased 38% to $1.9M. Revenues reflect Optical test and measurement systems segment increase of 12% to $79.8M, Asia segment increase of 28% to $20.8M, United States segment increase of 9% to $36.3M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.10 to -$0.06. |
| Employees: | 337 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $96.49M as of Sep 30, 2023 |
| Annual revenue (TTM): | $116.61M as of Sep 30, 2023 |
| EBITDA (TTM): | $5.82M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.12M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$15.75M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $25.86M as of Sep 30, 2023 |
| Shares outstanding: | 33,958,641 as of Nov 10, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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