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Sep 30, 2021
Luna Innovations Q3 2021 Earnings Report
Luna Innovations reported a 32% increase in revenue compared to the same quarter last year.
Key Takeaways
Luna Innovations reported a revenue increase of 32% compared to the previous year's quarter, driven by recent acquisitions. However, operating and net income decreased due to higher operating expenses and amortization related to these acquisitions. The company is revising its full-year revenue guidance to $85 million to $88 million.
Total revenues increased by 32% to $20.3 million compared to the three months ended September 30, 2020
Gross margin was 62% compared to 63% for the three months ended September 30, 2020
Net income decreased to $0.4 million compared to $3.1 million for the three months ended September 30, 2020
Adjusted EPS decreased to $0.03 compared to $0.11 for the three months ended September 30, 2020
Forward Guidance
Luna is revising guidance to reflect the reclassification of Luna Labs to discontinued operations and COVID-19 pandemic related issues and expects total revenue of $85 million to $88 million and Adjusted EBITDA of $6 million to $8 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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