Luna Innovations Inc - Understand $luna stock

$LUNA Market Cap: $65.2 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$116.6M

TTM

Gross Margin

59.01%

TTM

Net Earnings

-$2.124M

TTM

Current Assets

$100.2M

Q3 2023

Current Liabilities

$35.01M

Q3 2023

Current Ratio

286.15%

Q3 2023

Total Assets

$165.1M

Q3 2023

Total Liabilities

$70.48M

Q3 2023

Book Value

$94.61M

Q3 2023

Cash

$6.028M

Q3 2023

P/E

-30.70

Nov 29, 2024 EST

Free Cash Flow

-$15.74M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$109.5M	$87.51M	$59.12M	$70.52M	$42.92M	$46.24M	$41.87M	$44.02M	$21.26M	$18.33M	$23.47M	$28.78M	$34.54M	$34.57M	$36.90M	$33.68M	$23.55M	$16.45M	$22.59M	$17.59M	$15.73M	$7.730M
YoY Change	25.12%	48.04%	-16.17%	64.31%	-7.18%	10.44%	-4.89%	107.06%	15.96%	-21.87%	-18.47%	-16.67%	-0.09%	-6.31%	9.56%	43.01%	43.16%	-27.18%	28.43%	11.82%	103.49%	40.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$109.5M	$87.51M	$59.12M	$70.52M	$42.92M	$46.24M	$41.87M	$44.02M	$21.26M	$18.33M	$23.47M	$28.78M	$34.54M	$34.57M	$36.90M	$33.68M	$23.55M	$16.45M	$22.59M	$17.59M	$15.73M	$7.730M
Cost Of Revenue	$43.00M	$35.96M	$23.24M	$35.33M	$23.48M	$28.11M	$26.06M	$27.52M	$13.42M	$12.28M	$14.57M	$18.07M	$21.59M	$21.82M	$22.86M	$21.37M	$16.36M	$12.96M	$13.87M	$10.49M	$13.03M	$4.650M
Gross Profit	$66.50M	$51.56M	$35.88M	$35.18M	$19.44M	$13.37M	$15.80M	$16.50M	$7.837M	$6.049M	$8.892M	$10.71M	$12.94M	$12.76M	$14.04M	$12.32M	$7.180M	$3.490M	$8.720M	$7.100M	$2.700M	$3.080M
Gross Profit Margin	60.73%	58.91%	60.7%	49.89%	45.29%	28.91%	37.75%	37.48%	36.86%	32.99%	37.89%	37.21%	37.48%	36.91%	38.05%	36.58%	30.49%	21.22%	38.6%	40.36%	17.16%	39.84%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$57.54M	$43.96M	$28.35M	$23.34M	$14.79M	$12.92M	$14.76M	$18.48M	$10.25M	$11.53M	$10.25M	$11.28M	$13.30M	$16.35M	$17.69M	$16.08M	$13.94M
YoY Change	30.91%	55.03%	21.46%	57.79%	14.47%	-12.46%	-20.12%	80.24%	-11.03%	12.45%	-9.16%	-15.15%	-18.67%	-7.57%	10.01%	15.35%
% of Gross Profit	86.54%	85.26%	79.02%	66.35%	76.11%	96.67%	93.41%	112.0%	130.85%	190.55%	115.27%	105.36%	102.73%	128.13%	126.0%	130.52%	194.15%
Research & Development	$10.80M	$10.20M	$6.700M	$7.500M	$3.766M	$2.653M	$3.540M	$4.269M	$2.088M	$2.558M	$2.772M	$2.274M	$1.695M	$2.870M	$3.650M	$4.490M	$3.220M
YoY Change	5.88%	52.24%	-10.67%	99.14%	41.94%	-25.05%	-17.07%	104.47%	-18.39%	-7.72%	21.93%	34.18%	-40.95%	-21.37%	-18.71%	39.44%
% of Gross Profit	16.24%	19.78%	18.67%	21.32%	19.38%	19.85%	22.4%	25.87%	26.64%	42.3%	31.18%	21.23%	13.09%	22.49%	26.0%	36.44%	44.85%
Depreciation & Amortization	$1.700M	$1.400M	$1.000M	$1.000M	$500.0K	$700.0K	$800.0K	$1.200M	$300.0K	$500.0K	$800.0K	$1.000M	$1.100M	$1.850M	$1.930M	$1.780M	$1.140M	$540.0K	$380.0K	$350.0K	$280.0K
YoY Change	21.43%	40.0%	0.0%	100.0%	-28.57%	-12.5%	-33.33%	300.0%	-40.0%	-37.5%	-20.0%	-9.09%	-40.54%	-4.15%	8.43%	56.14%	111.11%	42.11%	8.57%	25.0%
% of Gross Profit	2.56%	2.72%	2.79%	2.84%	2.57%	5.24%	5.06%	7.27%	3.83%	8.27%	9.0%	9.34%	8.5%	14.5%	13.75%	14.45%	15.88%	15.47%	4.36%	4.93%	10.37%
Operating Expenses	$68.38M	$54.15M	$35.07M	$31.87M	$18.56M	$15.58M	$18.30M	$22.75M	$12.34M	$14.08M	$13.02M	$13.56M	$14.99M	$19.21M	$21.33M	$20.57M	$17.15M	$6.010M	$4.190M	$4.860M	$4.490M	$4.530M
YoY Change	26.29%	54.41%	10.04%	71.69%	19.15%	-14.9%	-19.54%	84.34%	-12.37%	8.16%	-3.95%	-9.57%	-21.96%	-9.94%	3.69%	19.94%	185.36%	43.44%	-13.79%	8.24%	-0.88%	77.65%
Operating Profit	-$1.884M	-$2.590M	$813.0K	$3.316M	$877.5K	-$2.208M	-$2.499M	-$6.250M	-$4.505M	-$8.035M	-$4.130M	-$2.848M	-$2.049M	-$6.450M	-$7.290M	-$8.250M	-$9.970M	-$2.520M	$4.530M	$2.240M	-$1.790M	-$1.450M
YoY Change	-27.26%	-418.57%	-75.48%	277.88%	-139.74%	-11.65%	-60.01%	38.72%	-43.93%	94.56%	45.02%	39.01%	-68.24%	-11.52%	-11.64%	-17.25%	295.63%	-155.63%	102.23%	-225.14%	23.45%	208.51%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense	$898.0K	$479.0K	$25.00K	$16.00K	$124.3K	$217.4K	$319.3K	-$220.4K	-$96.23K	-$207.5K	-$312.4K	-$387.6K	-$474.4K	-$500.0K	-$190.0K	$370.0K	$520.0K	-$40.00K	-$350.0K	-$240.0K	-$480.0K	-$260.0K
YoY Change	87.47%	1816.0%	56.25%	-87.13%	-42.79%	-31.94%	-244.89%	129.04%	-53.63%	-33.56%	-19.41%	-18.3%	-5.12%	163.16%	-151.35%	-28.85%	-1400.0%	-88.57%	45.83%	-50.0%	84.62%	766.67%
% of Operating Profit			3.08%	0.48%	14.17%														-7.73%	-10.71%
Other Income/Expense, Net	-$636.0K	-$479.0K	$92.00K	$373.0K	$408.1K	-$191.2K	-$306.3K	-$230.4K	$15.22K	$139.5K	-$204.3K	-$160.0K	-$397.1K	$0.00	$1.200M	$30.00K	$30.00K	$0.00	$0.00	$0.00	$20.00K	-$100.0K
YoY Change	32.78%	-620.65%	-75.34%	-8.6%	-313.39%	-37.55%	32.94%	-1613.3%	-89.09%	-168.29%	27.68%	-59.7%		-100.0%	3900.0%	0.0%				-100.0%	-120.0%	-1100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	-$2.520M	-$3.069M	$905.0K	$3.689M	$1.286M	-$2.399M	-$2.805M	-$6.480M	-$4.490M	-$7.896M	-$4.334M	-$3.008M	-$2.620M	-$19.84M	-$6.290M	-$7.850M	-$9.420M	-$2.550M	$4.180M	$2.010M	-$2.250M	-$1.820M
YoY Change	-17.89%	-439.12%	-75.47%	186.94%	-153.58%	-14.48%	-56.71%	44.32%	-43.14%	82.17%	44.1%	14.8%	-86.79%	215.42%	-19.87%	-16.67%	269.41%	-161.0%	107.96%	-189.33%	23.63%	271.43%
Income Tax	-$220.0K	-$1.980M	-$455.0K	-$1.654M	$47.82K	-$1.149M	-$135.6K	-$470.6K	-$1.137M	-$2.387M	-$1.107M	-$478.9K	$0.00	$600.0K	$0.00	$0.00	$10.00K	-$560.0K	$130.0K	$890.0K	-$650.0K	-$580.0K
% Of Pretax Income			-50.28%	-44.84%	3.72%														3.11%	44.28%
Net Earnings	$9.279M	$1.382M	$3.291M	$5.343M	$11.00M	$14.61M	-$2.369M	$2.317M	$5.995M	-$803.2K	-$1.384M	-$1.392M	-$2.620M	-$20.44M	-$6.290M	-$7.850M	-$9.440M	-$1.990M	$4.060M	$1.130M	-$1.570M	-$1.230M
YoY Change	571.42%	-58.01%	-38.41%	-51.45%	-24.71%	-716.79%	-202.26%	-61.35%	-846.41%	-41.99%	-0.57%	-46.86%	-87.18%	224.96%	-19.87%	-16.84%	374.37%	-149.01%	259.29%	-171.97%	27.64%	310.0%
Net Earnings / Revenue	8.47%	1.58%	5.57%	7.58%	25.64%	31.61%	-5.66%	5.26%	28.2%	-4.38%	-5.9%	-4.84%	-7.59%	-59.13%	-17.05%	-23.31%	-40.08%	-12.1%	17.97%	6.42%	-9.98%	-15.91%
Basic Earnings Per Share	$0.28	$0.04	$0.11	$0.18	$0.39	$0.52				-$0.06	-$0.11	-$0.11
Diluted Earnings Per Share	$0.28	$0.04	$0.10	$0.16	$0.33	$0.52	-$86.03K	$100.7K	$402.6K	-$0.06	-$0.11	-$0.11	-$201.4K	-$1.820M	-$573.4K	-$768.1K	-$1.140M	-$204.5K	$417.3K	$116.1K	-$161.4K	-$126.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments	$6.024M	$17.13M	$15.40M	$25.00M	$42.50M	$37.00M	$12.80M	$17.50M	$14.10M	$7.800M	$6.300M	$8.900M	$7.200M	$5.200M	$15.50M	$12.00M	$17.90M	$12.50M	$600.0K	$600.0K
YoY Change	-64.83%	11.22%	-38.4%	-41.18%	14.86%	189.06%	-26.86%	24.11%	80.77%	23.81%	-29.21%	23.61%	38.46%	-66.45%	29.17%	-32.96%	43.2%	1983.33%	0.0%
Cash & Equivalents	$6.024M	$17.13M	$15.40M	$25.00M	$42.50M	$37.00M	$12.80M	$17.50M	$14.10M	$7.800M	$6.300M	$8.900M	$7.200M	$5.200M	$15.50M	$12.00M	$17.90M	$12.50M	$600.0K	$600.0K
Short-Term Investments
Other Short-Term Assets	$4.328M	$16.75M	$4.500M	$1.300M	$900.0K	$5.400M	$7.200M	$1.400M	$700.0K	$800.0K	$700.0K	$1.100M	$700.0K	$1.300M	$400.0K	$300.0K	$500.0K	$200.0K	$100.0K	$1.500M
YoY Change	-74.15%	272.11%	246.15%	44.44%	-83.33%	-25.0%	414.29%	100.0%	-12.5%	14.29%	-36.36%	57.14%	-46.15%	225.0%	33.33%	-40.0%	150.0%	100.0%	-93.33%
Inventory	$36.58M	$22.49M	$23.60M	$10.30M	$6.900M	$4.600M	$6.800M	$8.900M	$3.400M	$3.300M	$3.300M	$3.300M	$3.100M	$2.900M	$2.800M	$1.700M	$800.0K	$400.0K	$100.0K	$0.00
Prepaid Expenses
Receivables	$40.94M	$26.08M	$32.00M	$19.00M	$15.50M	$7.700M	$10.30M	$11.00M	$5.700M	$5.400M	$7.100M	$6.000M	$7.700M	$7.200M	$7.300M	$9.700M	$7.200M	$5.100M	$3.000M	$1.800M
Other Receivables	$0.00	$0.00	$0.00	$2.500M	$2.500M	$4.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$100.0K	$400.0K	$400.0K	$500.0K	$900.0K	$300.0K
Total Short-Term Assets	$87.87M	$82.45M	$75.50M	$58.10M	$68.20M	$58.80M	$37.10M	$38.80M	$23.90M	$17.30M	$17.40M	$19.30M	$18.70M	$16.60M	$26.10M	$24.20M	$26.80M	$18.80M	$4.700M	$4.200M
YoY Change	6.58%	9.2%	29.95%	-14.81%	15.99%	58.49%	-4.38%	62.34%	38.15%	-0.57%	-9.84%	3.21%	12.65%	-36.4%	7.85%	-9.7%	42.55%	300.0%	11.9%
Property, Plant & Equipment	$9.554M	$8.063M	$14.80M	$5.800M	$3.600M	$2.900M	$3.500M	$6.600M	$3.500M	$2.100M	$2.400M	$2.800M	$3.200M	$4.100M	$5.400M	$5.900M	$5.700M	$3.000M	$2.000M	$900.0K
YoY Change	18.49%	-45.52%	155.17%	61.11%	24.14%	-17.14%	-46.97%	88.57%	66.67%	-12.5%	-14.29%	-12.5%	-21.95%	-24.07%	-8.47%	3.51%	90.0%	50.0%	122.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$7.902M	$3.568M	$2.000M	$1.500M	$0.00	$2.600M	$10.50M	$100.0K	$0.00	$0.00	$200.0K	$200.0K	$300.0K	$400.0K	$700.0K	$600.0K	$600.0K	$1.300M	$600.0K	$100.0K
YoY Change	121.47%	78.4%	33.33%		-100.0%	-75.24%	10400.0%			-100.0%	0.0%	-33.33%	-25.0%	-42.86%	16.67%	0.0%	-53.85%	116.67%	500.0%
Total Long-Term Assets	$63.13M	$47.79M	$55.50M	$28.40M	$7.400M	$7.400M	$17.90M	$19.30M	$3.700M	$2.400M	$3.100M	$3.600M	$4.200M	$5.200M	$7.900M	$8.300M	$8.400M	$5.300M	$3.000M	$1.300M
YoY Change	32.1%	-13.89%	95.42%	283.78%	0.0%	-58.66%	-7.25%	421.62%	54.17%	-22.58%	-13.89%	-14.29%	-19.23%	-34.18%	-4.82%	-1.19%	58.49%	76.67%	130.77%
Total Assets	$151.0M	$130.2M	$131.0M	$86.50M	$75.60M	$66.20M	$55.00M	$58.10M	$27.60M	$19.70M	$20.50M	$22.90M	$22.90M	$21.80M	$34.00M	$32.50M	$35.20M	$24.10M	$7.700M	$5.500M
YoY Change
Accounts Payable	$8.109M	$2.809M	$4.400M	$2.800M	$2.400M	$2.100M	$3.000M	$4.100M	$1.400M	$1.400M	$1.800M	$1.700M	$2.000M	$1.100M	$2.700M	$3.000M	$2.800M	$3.600M	$500.0K	$600.0K
YoY Change	188.68%	-36.16%	57.14%	16.67%	14.29%	-30.0%	-26.83%	192.86%	0.0%	-22.22%	5.88%	-15.0%	81.82%	-59.26%	-10.0%	7.14%	-22.22%	620.0%	-16.67%
Accrued Expenses	$18.93M	$10.98M	$14.10M	$9.600M	$6.200M	$6.000M	$7.900M	$8.300M	$5.500M	$3.400M	$2.700M	$3.600M	$3.500M	$3.400M	$5.200M	$5.300M	$3.600M	$1.800M	$1.700M	$700.0K
YoY Change	72.38%	-22.11%	46.88%	54.84%	3.33%	-24.05%	-4.82%	50.91%	61.76%	25.93%	-25.0%	2.86%	2.94%	-34.62%	-1.89%	47.22%	100.0%	5.88%	142.86%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$1.500M	$1.000M
YoY Change												-100.0%						-100.0%	50.0%
Long-Term Debt Due	$2.500M	$4.215M	$4.200M	$100.0K	$700.0K	$1.900M	$1.900M	$1.900M	$700.0K	$1.600M	$1.600M	$1.700M	$1.200M	$0.00	$1.400M	$0.00	$300.0K	$100.0K	$100.0K	$100.0K
YoY Change	-40.69%	0.36%	4100.0%	-85.71%	-63.16%	0.0%	0.0%	171.43%	-56.25%	0.0%	-5.88%	41.67%		-100.0%		-100.0%	200.0%	0.0%	0.0%
Total Short-Term Liabilities	$33.63M	$32.69M	$30.10M	$17.00M	$12.10M	$14.80M	$16.00M	$15.30M	$8.500M	$7.200M	$6.900M	$8.400M	$10.60M	$5.600M	$11.10M	$10.10M	$7.600M	$7.000M	$4.500M	$7.200M
YoY Change	2.89%	8.59%	77.06%	40.5%	-18.24%	-7.5%	4.58%	80.0%	18.06%	4.35%	-17.86%	-20.75%	89.29%	-49.55%	9.9%	32.89%	8.57%	55.56%	-37.5%
Long-Term Debt	$20.73M	$11.67M	$16.00M	$0.00	$100.0K	$700.0K	$2.500M	$4.300M	$1.600M	$700.0K	$2.300M	$3.800M	$2.600M	$0.00	$8.600M	$5.000M	$5.000M	$5.300M	$200.0K	$200.0K
YoY Change	77.56%	-27.04%		-100.0%	-85.71%	-72.0%	-41.86%	168.75%	128.57%	-69.57%	-39.47%	46.15%		-100.0%	72.0%	0.0%	-5.66%	2550.0%	0.0%
Other Long-Term Liabilities	$3.248M	$3.954M	$10.50M	$2.000M	$1.000M	$1.200M	$1.400M	$1.600M	$0.00					$19.10M	$0.00	$400.0K	$600.0K	$500.0K	$900.0K	$0.00
YoY Change	-17.86%	-62.34%	425.0%	100.0%	-16.67%	-14.29%	-12.5%								-100.0%	-33.33%	20.0%	-44.44%
Total Long-Term Liabilities	$23.97M	$15.63M	$26.50M	$2.000M	$1.100M	$1.900M	$3.900M	$5.900M	$1.600M	$700.0K	$2.300M	$3.800M	$2.600M	$19.10M	$8.600M	$5.400M	$5.600M	$5.800M	$1.100M	$200.0K
YoY Change	53.41%	-41.03%	1225.0%	81.82%	-42.11%	-51.28%	-33.9%	268.75%	128.57%	-69.57%	-39.47%	46.15%	-86.39%	122.09%	59.26%	-3.57%	-3.45%	427.27%	450.0%
Total Liabilities	$57.61M	$48.31M	$56.60M	$19.10M	$13.20M	$16.70M	$19.90M	$21.20M	$10.10M	$7.900M	$9.200M	$12.20M	$13.30M	$24.60M	$19.70M	$15.40M	$13.10M	$12.80M	$5.600M	$7.400M
YoY Change	19.23%	-14.64%	196.34%	44.7%	-20.96%	-16.08%	-6.13%	109.9%	27.85%	-14.13%	-24.59%	-8.27%	-45.93%	24.87%	27.92%	17.56%	2.34%	128.57%	-24.32%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2022	2021	2020	2019	2018	2017	2013	2012	2011
Basic Shares Outstanding	32.59M shares	31.66M shares	30.67M shares	28.69M shares	27.60M shares	27.58M shares	14.34M shares	13.93M shares	13.65M shares
Diluted Shares Outstanding	32.59M shares	31.66M shares	32.58M shares	31.84M shares	32.45M shares	27.58M shares	16.62M shares	16.31M shares	15.88M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $65.201 Million

About LUNA INNOVATIONS INC

Luna Innovations, Inc. engages as an advanced optical technology company. The company is headquartered in Roanoke, Virginia and currently employs 337 full-time employees. The company went IPO on 2006-06-02. The firm 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. The company 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. The company sells and markets its THz instruments primarily to OEMs.

Industry: Services-Commercial Physical & Biological Research Peers: AEye, Inc. Cepton, Inc. Ouster, Inc. DAKTRONICS INC /SD/ DarkPulse, Inc. Velodyne Lidar, Inc. Identiv, Inc. ITERIS, INC. Keysight Technologies, Inc. SONO TEK CORP