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Sep 30, 2022
Luna Innovations Q3 2022 Earnings Report
Luna Innovations' Q3 2022 results were reported, showing revenue growth and increased profitability.
Key Takeaways
Luna Innovations reported a strong Q3 2022 with a 43% increase in total revenues year-over-year, reaching $29.2 million. Net income rose to $1.2 million, and adjusted EPS reached $0.09. The company reaffirmed its full-year 2022 outlook.
Total revenues increased by 43% year-over-year to $29.2 million.
In constant currency, total revenues were up 48% year-over-year, reaching $30.1 million.
Net income increased to $1.2 million, compared to $0.4 million in the prior-year period.
Adjusted EPS increased to $0.09, compared to $0.03 for the prior-year period.
Forward Guidance
Luna reaffirmed its full-year 2022 outlook, originally provided on March 14, 2022.
Positive Outlook
- Total revenue of $109 million to $115 million for the full year 2022
- Adjusted EBITDA of $10 million to $12 million for the full year 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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