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Sep 30, 2020
Luna Innovations Q3 2020 Earnings Report
Reported strong Q3 2020 results and maintained 2020 outlook.
Key Takeaways
Luna Innovations reported a strong third quarter with a 14% increase in total revenues compared to the same period last year. The company's operating income and net income also saw significant increases.
Total revenues increased by 14% to $21.1 million compared to Q3 2019.
Operating income reached $2.3 million, representing 11% of total revenues, compared to $1.5 million and 8% in Q3 2019.
Net income was $3.1 million, or $0.10 per fully diluted share, compared to $1.2 million, or $0.04 per share in Q3 2019.
Adjusted EBITDA increased to $4.3 million compared to $2.9 million in Q3 2019.
Forward Guidance
Luna is reaffirming its full-year guidance:
Positive Outlook
- Total revenues of $81M to $83M
- Adjusted EBITDA of $10M to $12M
Historical Earnings Impact
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Avg. Return Before/After Earnings
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