2011 Q4 Form 10-K Financial Statement

#000119312513134461 Filed on March 29, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $8.148M $8.843M $9.624M
YoY Change -10.17% 2.95% 6.93%
Cost Of Revenue $5.410M $5.349M $5.962M
YoY Change -5.09% 3.87% 4.78%
Gross Profit $2.736M $3.493M $3.661M
YoY Change -18.81% 1.54% 10.6%
Gross Profit Margin 33.58% 39.5% 38.04%
Selling, General & Admin $2.450M $2.303M $3.251M
YoY Change -24.62% -32.06% 0.03%
% of Gross Profit 89.55% 65.94% 88.8%
Research & Development $720.0K $877.7K $620.5K
YoY Change 60.0% 192.58% 47.73%
% of Gross Profit 26.32% 25.13% 16.95%
Depreciation & Amortization $420.0K $330.0K $380.0K
YoY Change 10.53% 6.45% 22.58%
% of Gross Profit 15.35% 9.45% 10.38%
Operating Expenses $3.180M $3.181M $3.872M
YoY Change -14.05% -13.79% 2.42%
Operating Profit -$433.0K $313.0K -$210.0K
YoY Change 31.21% -225.2% -55.32%
Interest Expense -$90.00K -$91.91K -$84.30K
YoY Change -25.0% -23.41% -39.78%
% of Operating Profit -29.36%
Other Income/Expense, Net $170.0K -$69.96K -$46.48K
YoY Change 112.5% -799.55%
Pretax Income -$350.0K $242.8K -$256.7K
YoY Change -7.89% -157.81% -58.6%
Income Tax $0.00 $287.00 $0.00
% Of Pretax Income 0.12%
Net Earnings -$353.0K $243.0K -$257.0K
YoY Change -7.11% -157.86% -58.55%
Net Earnings / Revenue -4.33% 2.75% -2.67%
Basic Earnings Per Share -$0.03 $0.02 -$0.02
Diluted Earnings Per Share -$0.03 $0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 13.79M shares 13.67M shares 13.64M shares
Diluted Shares Outstanding 13.79M shares 15.90M shares 13.64M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.900M $6.800M $8.100M
YoY Change 23.61% -5.56% 28.57%
Cash & Equivalents $8.939M $6.833M $8.066M
Short-Term Investments
Other Short-Term Assets $35.72K $800.0K $700.0K
YoY Change -94.9% 60.0% 16.67%
Inventory $3.331M $3.600M $3.800M
Prepaid Expenses $1.071M
Receivables $5.958M $7.900M $6.700M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.34M $19.20M $19.20M
YoY Change 3.4% 10.98% 7.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.817M $3.000M $3.100M
YoY Change -11.98% -11.76% -16.22%
Goodwill
YoY Change
Intangibles $539.6K
YoY Change
Long-Term Investments
YoY Change
Other Assets $228.0K $200.0K $300.0K
YoY Change -23.99% -33.33% -25.0%
Total Long-Term Assets $3.584M $3.900M $4.100M
YoY Change -14.66% -9.3% -10.87%
TOTAL ASSETS
Total Short-Term Assets $19.34M $19.20M $19.20M
Total Long-Term Assets $3.584M $3.900M $4.100M
Total Assets $22.92M $23.10M $23.30M
YoY Change 0.08% 6.94% 3.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.657M $1.900M $1.500M
YoY Change -17.17% 46.15% -31.82%
Accrued Expenses $3.612M $3.500M $4.200M
YoY Change 3.21% 9.38% 27.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $1.625M $1.600M $1.500M
YoY Change 35.42% 33.33% 15.38%
Total Short-Term Liabilities $8.407M $8.300M $8.900M
YoY Change -20.69% -12.63% -16.82%
LONG-TERM LIABILITIES
Long-Term Debt $3.625M $4.200M $4.600M
YoY Change 39.42% 40.0% 39.39%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.625M $4.200M $4.600M
YoY Change 39.42% 40.0% 39.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.407M $8.300M $8.900M
Total Long-Term Liabilities $3.625M $4.200M $4.600M
Total Liabilities $12.22M $12.50M $13.50M
YoY Change -8.16% 0.0% -3.57%
SHAREHOLDERS EQUITY
Retained Earnings -$48.60M
YoY Change
Common Stock $13.97K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.70M $10.60M $9.800M
YoY Change
Total Liabilities & Shareholders Equity $22.92M $23.10M $23.30M
YoY Change 0.08% 6.94% 3.56%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$353.0K $243.0K -$257.0K
YoY Change -7.11% -157.86% -58.55%
Depreciation, Depletion And Amortization $420.0K $330.0K $380.0K
YoY Change 10.53% 6.45% 22.58%
Cash From Operating Activities $2.430M -$740.0K $690.0K
YoY Change 912.5% -154.81% -387.5%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$120.0K -$70.00K
YoY Change 0.0% 1100.0% 133.33%
Acquisitions
YoY Change
Other Investing Activities -$80.00K -$70.00K -$160.0K
YoY Change -63.64% 16.67% 166.67%
Cash From Investing Activities -$120.0K -$190.0K -$220.0K
YoY Change -52.0% 171.43% 175.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -210.0K -300.0K 80.00K
YoY Change -362.5% -25.0% -33.33%
NET CHANGE
Cash From Operating Activities 2.430M -740.0K 690.0K
Cash From Investing Activities -120.0K -190.0K -220.0K
Cash From Financing Activities -210.0K -300.0K 80.00K
Net Change In Cash 2.100M -1.230M 550.0K
YoY Change 2900.0% -239.77% -375.0%
FREE CASH FLOW
Cash From Operating Activities $2.430M -$740.0K $690.0K
Capital Expenditures -$40.00K -$120.0K -$70.00K
Free Cash Flow $2.470M -$620.0K $760.0K
YoY Change 782.14% -145.59% -461.9%

Facts In Submission

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CY2012 dei Trading Symbol
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LUNA
CY2012 dei Entity Registrant Name
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LUNA INNOVATIONS INC
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2012-12-31
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We currently have no federal income tax returns under examination. U.S. state jurisdictions have statutes of limitation generally ranging from three to seven years. We currently have no state income or franchise tax returns under examination. We currently do not file tax returns in any foreign tax jurisdiction.
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of our consolidated financial statements in accordance with U.S.&#xA0;GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in our consolidated financial statements and accompanying notes.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Although these estimates are based on our knowledge of current events and actions we may undertake in the future, actual results may differ from such estimates and assumptions.</font></p> </div>
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8031000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13939938 shares
CY2012Q3 us-gaap Gross Profit
GrossProfit
3146000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-220000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-254000
CY2012Q3 luna Product And License Revenues
ProductAndLicenseRevenues
3156000
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-433000
CY2011Q4 us-gaap Contracts Revenue
ContractsRevenue
5011000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13794361 shares
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
8148000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13794361 shares
CY2011Q4 us-gaap Gross Profit
GrossProfit
2736000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-353000
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-386000
CY2011Q4 luna Product And License Revenues
ProductAndLicenseRevenues
3137000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-547000
CY2012Q4 us-gaap Contracts Revenue
ContractsRevenue
5230000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14008772 shares
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
7765000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14008772 shares
CY2012Q4 us-gaap Gross Profit
GrossProfit
2664000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-587000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-612000
CY2012Q4 luna Product And License Revenues
ProductAndLicenseRevenues
2535000

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