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, US
Websitelunainc.com

Latest Updates

Employees (est.) (Feb 2019)166(-23%)
Job Openings7
Revenue (FY, 2018)$42.9 M(-7%)
Share Price (Mar 2019)$4.2 (-1%)

Key People/Management at Luna Innovations

Scott A. Graeff

Scott A. Graeff

President and Chief Executive Officer
James Garrett

James Garrett

Vice President of Technology Development
Dale Messick

Dale Messick

CFO
Margaret Murdock

Margaret Murdock

General Manager, Terahertz Division
Brian Soller

Brian Soller

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

Luna Innovations has offices in Roanoke, Charlottesville, Blacksburg, Danville and in 2 other locations
Roanoke, US (HQ)
301 1st St SW #200
Ann Arbor, US
2925 Boardwalk Dr
Blacksburg, US
3155 State St
Camarillo, US
1240 Avenida Acaso
Charlottesville, US
706 Forest St
Charlottesville, US
706 Forest St Suite A
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Luna Innovations Financials and Metrics

Luna Innovations Revenue

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

Revenue (FY, 2018)

42.9m

Gross profit (FY, 2018)

19.4m

Gross profit margin (FY, 2018), %

45.3%

Net income (FY, 2018)

11.0m

EBIT (FY, 2018)

877.5k

Market capitalization (22-Mar-2019)

117.6m

Closing stock price (22-Mar-2019)

4.2

Cash (31-Dec-2018)

42.5m

EV

75.2m
Luna Innovations's current market capitalization is $117.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

22.0m21.3m44.0m59.2m46.2m42.9m

Revenue growth, %

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

Cost of goods sold

14.1m13.4m27.5m37.5m28.1m23.5m

Gross profit

8.0m7.8m16.5m21.7m18.1m19.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Revenue

5.7m4.5m5.2m5.4m5.3m10.0m13.2m14.0m14.6m14.6m13.1m13.6m11.6m12.2m10.7m

Cost of goods sold

3.5m2.9m3.2m3.3m3.1m5.8m8.2m9.1m9.5m9.0m8.4m8.5m7.1m7.2m6.0m

Gross profit

2.2m1.6m2.0m2.1m2.3m4.2m5.0m4.8m5.2m5.6m4.7m5.1m4.5m5.0m4.7m

Gross profit Margin, %

39%35%38%39%43%42%38%35%35%38%36%37%39%41%44%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

7.8m14.1m17.5m12.8m37.0m42.5m

Accounts Receivable

41.2m14.3m9.9m13.0m

Prepaid Expenses

1.2m

Inventories

856.0k8.4m7.0m6.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Cash

8.2m10.9m14.7m14.4m13.3m7.5m7.1m15.2m13.8m13.2m12.1m10.3m38.5m33.4m47.1m

Accounts Receivable

5.7m10.5m5.5m5.3m4.8m9.3m9.3m11.3m11.2m12.0m12.3m13.2m8.9m8.1m9.1m

Inventories

3.8m3.3m3.3m3.4m3.8m10.0m10.0m8.8m8.4m7.9m8.7m9.5m7.3m6.5m5.5m

Current Assets

18.2m25.3m24.1m24.0m22.6m28.7m28.1m37.1m35.0m34.8m34.6m34.2m55.7m55.6m69.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

935.5k607.7k2.5m3.7m2.5m1.2m

Inventories

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

Accounts Payable

1.5m4.6m(896.5k)(461.9k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

1.2m8.5m7.6m6.9m(2.6m)(1.5m)(2.2m)(2.7m)(1.4m)(1.6m)14.2m148.7k10.1m

Depreciation and Amortization

711.4k202.3k336.6k491.1k165.1k824.3k1.5m939.8k1.9m2.8m956.7k1.8m2.2m307.9k898.2k

Inventories

(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)

Accounts Payable

(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)244.0k
USDY, 2018

EV/EBIT

85.7 x

EV/CFO

-22.7 x

Revenue/Employee

198.7k

Financial Leverage

1.2 x
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Luna Innovations Revenue Breakdown

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

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Luna Innovations Online and Social Media Presence

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Luna Innovations Blogs

3D Visualization Boosts Strain Data Interpretation and Application

Plotting current strain along a sensor can easily be performed on complex components by Luna’s ODiSI 6000 system. High Definition Fiber Optic Sensing (HD-FOS) provides a wealth of measurements, but these may only have meaning to those who were involved with the test unless preceded with thorough exp…

Luna Innovations Reports Strong Fourth-Quarter and Fiscal-Year 2018 Results

Fifth consecutive quarter of year-over-year, double-digit revenue growth Total revenues of $13.5 million for the three months ended December 31, 2018, up 37% compared to the three months ended December 31, 2017; total revenues of $42.9 million for fiscal year 2018, an increase of 30% compared to fis…

Luna Innovations Acquires General Photonics, A Leader in Characterization and Control of Light for Photonics Applications

  Acquisition will accelerate growth in Luna’s communications test segment (ROANOKE, VA, March 4, 2019) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it has acquired General Photonics Corporation, a Chino, California-ba…

Tire Tech 2019

TeraMetrix, Luna’s terahertz measurement division, will be attending the Tire Technology Expo this week in Hannover, Germany. On Tuesday, March 5th at 10:55am our partners at Bridgestone will be presenting how terahertz (THz) measurement and TeraMetrix technology is being used to capture online meas…

Live, In-Vehicle Strain Monitoring Provides HD Data on Performance of Lightweight Materials

The automotive industry is working towards more sustainable vehicles and lower carbon footprints. One of the ways to achieve this is by decreasing the weight of vehicle components by using composites and other lightweight materials. Compared to commonly used metals, these futuristic materials can be…

Developing Advanced Sensor Instrumentation for Next Generation Nuclear Plants

New nuclear power generation is an important non-fossil fuel option to meet future global electricity demands. To ensure public safety and maintain energy security, the new reactors must be significantly safer and more efficient than previous designs. The Gen-IV design initiative is driving the deve…
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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 Scott A. Graeff, James Garrett and Dale Messick.

  • How many employees does Luna Innovations have?

    Luna Innovations has 166 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 $258.5 k.

  • Who are Luna Innovations competitors?

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

  • 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, Charlottesville, Blacksburg, Danville and in 2 other locations.

  • How many offices does Luna Innovations have?

    Luna Innovations has 7 offices.