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Luna Innovations

OverviewSuggest Edit

Luna Innovations is a developer, manufacturer and marketer of fiber optic test and measurement, sensing and instrumentation products. The Company is also engaged in developing and commercialization of its fiber optic technology for strain and temperature sensing applications in the composite materials industry, as well as fiber optic shape sensing technology in the medical industry with the goal to supply fiber optic shape sensing components for use in robotic and minimally invasive surgical systems.
TypePublic
Founded1990
HQRoanoke, USMap
Websitelunainc.com
View Jobs (17)

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Latest Updates

Employees (est.) (Sept 2019)266(-1%)
Job Openings17
Revenue (FY, 2018)$42.9 M(-7%)
Share Price (Dec 2019)$7.6

Key People/Management at Luna Innovations

James T. Garrett

James T. Garrett

Vice President of Technology Development
Dale E. Messick

Dale E. Messick

CFO
Margaret R. Murdock

Margaret R. Murdock

General Manager, Terahertz Division
Brian J. Soller

Brian J. Soller

Vice President & General Manager, Lightwave Division
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Luna Innovations Office Locations

Luna Innovations has offices in Roanoke, Blacksburg, Camarillo, Charlottesville and in 1 other location
Roanoke, US (HQ)
301 1st St SW #200
Blacksburg, US
3155 State St
Camarillo, US
1240 Avenida Acaso
Charlottesville, US
706 Forest St
Charlottesville, US
706 Forest St Suite A
Danville, US
521 Bridge St
Show all (6)

Luna Innovations Financials and Metrics

Luna Innovations Revenue

Luna Innovations's revenue was reported to be $42.92 m in FY, 2018
USD

Revenue (Q3, 2019)

18.4m

Gross profit (Q3, 2019)

9.3m

Gross profit margin (Q3, 2019), %

50.4%

Net income (Q3, 2019)

1.2m

EBIT (Q3, 2019)

1.5m

Market capitalization (6-Dec-2019)

227.8m

Closing stock price (6-Dec-2019)

7.6

Cash (30-Sept-2019)

21.4m
Luna Innovations's current market capitalization is $227.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

35.6m32.3m22.0m21.3m44.0m59.2m46.2m42.9m

Revenue growth, %

(4%)107%35%(22%)

Cost of goods sold

22.4m20.2m14.1m13.4m27.5m37.5m28.1m23.5m

Gross profit

13.2m12.2m8.0m7.8m16.5m21.7m18.1m19.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

9.6m8.8m8.4m8.2m8.0m4.5m6.0m5.7m4.5m5.2m5.4m5.3m10.0m13.2m14.0m14.6m14.6m13.1m13.6m11.6m12.2m10.7m14.8m17.8m18.4m

Cost of goods sold

6.0m5.3m5.2m5.0m4.9m3.1m3.6m3.5m2.9m3.2m3.3m3.1m5.8m8.2m9.1m9.5m9.0m8.4m8.5m7.1m7.2m6.0m8.1m9.1m9.1m

Gross profit

3.7m3.5m3.2m3.1m3.1m1.4m2.4m2.2m1.6m2.0m2.1m2.3m4.2m5.0m4.8m5.2m5.6m4.7m5.1m4.5m5.0m4.7m6.8m8.8m9.3m

Gross profit Margin, %

38%40%38%38%39%31%40%39%35%38%39%43%42%38%35%35%38%36%37%39%41%44%46%49%50%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

8.9m6.3m7.8m14.1m17.5m12.8m37.0m42.5m

Accounts Receivable

6.0m7.1m41.2m14.3m9.9m13.0m

Prepaid Expenses

1.1m667.8k1.2m935.2k

Inventories

3.3m3.3m856.0k8.4m7.0m6.9m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

8.1m6.8m7.9m6.6m6.7m10.3m8.7m8.2m10.9m14.7m14.4m13.3m7.5m7.1m15.2m13.8m13.2m12.1m10.3m38.5m33.4m47.1m24.6m23.5m21.4m

Accounts Receivable

6.7m7.9m6.8m7.2m7.7m5.6m6.7m5.7m10.5m5.5m5.3m4.8m9.3m9.3m11.3m11.2m12.0m12.3m13.2m8.9m8.1m9.1m13.5m13.8m16.8m

Prepaid Expenses

688.1k849.1k930.7k921.1k962.6k647.0k560.3k492.7k542.8k1.3m924.2k730.4k1.1m1.1m1.1m

Inventories

3.8m3.6m3.3m3.4m3.6m3.5m3.6m3.8m3.3m3.3m3.4m3.8m10.0m10.0m8.8m8.4m7.9m8.7m9.5m7.3m6.5m5.5m10.0m9.7m9.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(1.4m)(1.4m)(803.1k)6.0m2.3m14.6m11.0m

Depreciation and Amortization

1.5m1.1m935.5k607.7k2.5m3.7m2.5m1.2m

Inventories

(224.2k)(10.5k)(20.7m)492.9k(1.9m)(967.8k)

Accounts Payable

(289.0k)(724.0k)1.5m4.6m(896.5k)(461.9k)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(1.3m)(1.0m)(334.7k)(577.3k)(797.5k)2.8m1.8m1.2m8.5m7.6m6.9m(2.6m)(1.5m)(2.2m)(2.7m)(1.4m)(1.6m)14.2m148.7k10.1m1.1m2.0m3.2m

Depreciation and Amortization

710.3k1.0m284.1k528.1k814.5k228.3k489.2k711.4k202.3k336.6k491.1k165.1k824.3k1.5m939.8k1.9m2.8m956.7k1.8m2.2m307.9k898.2k617.3k1.2m1.8m

Inventories

(665.9k)(463.7k)57.4k(69.2k)(243.6k)(185.0k)(309.2k)(438.6k)13.3k(6.8k)(92.3k)(443.1k)(1.3m)(1.4m)20.4k474.1k964.4k(352.4k)(1.2m)(2.3m)(110.1k)(992.1k)(527.8k)(161.2k)(73.1k)

Accounts Payable

111.9k(223.6k)(60.9k)(847.3k)(36.2k)(231.4k)174.9k(600.5k)(821.8k)(761.1k)(98.9k)1.3m(1.3m)(897.2k)(721.3k)(1.1m)(1.1m)(1.3m)(1.1m)(1.6m)(1.5m)244.0k1.2m(2.3m)(113.4k)
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USDY, 2019

Revenue/Employee

69.3k

Financial Leverage

1.3 x
Show all financial metrics

Luna Innovations Revenue Breakdown

Embed Graph

Luna Innovations revenue breakdown by business segment: 40.2% from Technology Development and 59.8% from Products and Licensing

Luna Innovations Online and Social Media Presence

Luna Innovations's Trends

Embed Graph

Luna Innovations Blogs

November 27, 2019

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.…
November 15, 2019

TeraMetrix Explores Off-line Terahertz (THz) Measurements of Bottle and Preform Layers

Manufacturers use both on-line process control measurements, and off-line quality control measurements.  The off-line measurements are typically those that take additional time, but often show detail that cannot be obtained on-line.  More in-depth study early in the process can actually decrease the…
November 05, 2019

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 mon…
October 29, 2019

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 awa…
October 28, 2019

Fiber Optic Testing Helps Ensure EV Battery Health and Safety

Approximately 1.2 million electric vehicles are currently on the road in the United States. However, while EV market share is growing, it still accounts for a modest fraction of vehicle sales in the United States. EVs face unique design challenges in order to be competitive with gasoline-powered veh…
October 18, 2019

TeraMetrix Introduces the Dual Channel Terahertz Control Unit

TeraMetrix, a Division of Luna, is launching the next phase in its terahertz measurement systems with the introduction of their Dual Channel Terahertz Control Unit (TCU54nm). The new product allows multiple sensor heads to be attached to a single control unit.  The TCU54nm will reduce the per sensor…
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 Luna Innovations Frequently Asked Questions

  • When was Luna Innovations founded?

    Luna Innovations was founded in 1990.

  • Who are Luna Innovations key executives?

    Luna Innovations's key executives are James T. Garrett, Dale E. Messick and Margaret R. Murdock.

  • How many employees does Luna Innovations have?

    Luna Innovations has 266 employees.

  • What is Luna Innovations revenue?

    Latest Luna Innovations annual revenue is $42.9 m.

  • What is Luna Innovations revenue per employee?

    Latest Luna Innovations revenue per employee is $161.3 k.

  • Who are Luna Innovations competitors?

    Competitors of Luna Innovations include Enersys, Cleveland BioLabs and EXACT Sciences.

  • Where is Luna Innovations headquarters?

    Luna Innovations headquarters is located at 301 1st St SW #200, Roanoke.

  • Where are Luna Innovations offices?

    Luna Innovations has offices in Roanoke, Blacksburg, Camarillo, Charlottesville and in 1 other location.

  • How many offices does Luna Innovations have?

    Luna Innovations has 6 offices.