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Jun 30, 2021
Luna Innovations Q2 2021 Earnings Report
Luna Innovations reported record revenue and reaffirmed its 2021 outlook.
Key Takeaways
Luna Innovations reported total revenues of $27.9 million, a 50% increase compared to the same period last year. The company experienced an operating loss of $1.0 million and a net loss of $0.2 million. Adjusted EPS was $0.06, consistent with the prior year.
Total revenues increased by 50% to $27.9 million compared to the three months ended June 30, 2020.
Operating loss was $1.0 million, compared to an operating income of $1.8 million in the prior year, primarily due to transaction-related costs of $1.5 million.
Net loss was $0.2 million, compared to net income of $1.4 million in the prior year.
Adjusted EBITDA was $2.1 million, compared to $3.0 million in the prior year.
Forward Guidance
Luna reaffirmed its full-year guidance.
Positive Outlook
- Total revenues of $122 million to $127 million
- Adjusted EBITDA of $16 million to $19 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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