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Jun 30, 2023
Luna Innovations Q2 2023 Earnings Report
Luna Innovations reported second-quarter 2023 results.
Key Takeaways
Luna Innovations reported total revenues of $29.2 million, an 11% increase year over year. The company's adjusted EPS was $0.04, compared to $(0.02) for the prior year. They are reaffirming the 2023 revenue and adjusted EBITDA outlook it originally provided on March 14, 2023.
Total revenues of $29.2 million, up 11% year over year
Gross margin of 58%, compared to 61% for the prior year
Net loss of $1.6 million, compared to net loss of $2.4 million for the prior year
Adjusted EBITDA of $2.7 million, compared to $1.2 million for the prior year
Forward Guidance
Luna is reaffirming the 2023 revenue and adjusted EBITDA outlook it originally provided on March 14, 2023.
Positive Outlook
- Total revenue of $125 million to $130 million for the full year 2023
- Adjusted EBITDA of $14 million to $18 million for the full year 2023
- Total revenues in the range of $29 million to $32 million for the third quarter 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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