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Dec 31, 2019
Luna Innovations Q4 2019 Earnings Report
Luna Innovations reported record fourth-quarter and full-year 2019 results.
Key Takeaways
Luna Innovations reported a strong fourth quarter with a 44% increase in total revenues compared to the same period last year. Net income from continuing operations was $2.1 million, or $0.07 per fully diluted share, compared to a loss of $0.1 million in the prior-year period. Adjusted EBITDA improved to $3.2 million.
Total revenues increased by 44% to $19.5 million for the three months ended December 31, 2019.
Products and licensing revenues increased by 63% to $13.0 million for the three months ended December 31, 2019.
Net income from continuing operations was $2.1 million, or $0.07 per fully diluted share, for the three months ended December 31, 2019.
Adjusted EBITDA improved to $3.2 million for the three months ended December 31, 2019.
Revenue by Segment
Forward Guidance
For fiscal year 2020, Luna expects total revenues in the range of $81 million to $84 million and Adjusted EBITDA in the range of $10 million to $12 million.
Positive Outlook
- Total revenues in the range of $81 million to $84 million for full fiscal 2020.
- Adjusted EBITDA in the range of $10 million to $12 million for full fiscal 2020.
Challenges Ahead
- Luna is not providing an outlook for net income.
- Changes in share-based compensation can be dependent on future events that are less capable of being controlled or reliably predicted by management.
- Tax expense changes can be dependent on future events that are less capable of being controlled or reliably predicted by management.
- Significant non-recurring charges can be dependent on future events that are less capable of being controlled or reliably predicted by management.
- The outlook above does not include any future acquisitions, divestitures, or unanticipated events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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