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Dec 31, 2021
Luna Innovations Q4 2021 Earnings Report
Luna Innovations reported an increase in revenue and a shift to net income, driven by strategic acquisitions and strong performance in sensing and communications testing businesses.
Key Takeaways
Luna Innovations reported a 26% increase in total revenues, reaching $24.2 million for Q4 2021 compared to Q4 2020. The company also achieved a net income of $1.6 million, a significant improvement from the net loss of $0.1 million in the same period last year. This growth was supported by strategic acquisitions and strong performance across its sensing and communications testing businesses.
Total revenues increased by 26% to $24.2 million compared to the same period last year.
Gross margin was 58%, slightly lower than the 61% reported in the previous year.
Operating income improved to $1.0 million, compared to an operating loss of $0.6 million in the prior year.
Net income reached $1.6 million, a significant turnaround from a net loss of $0.1 million in the same quarter of the previous year.
Forward Guidance
For fiscal year and Q1 2022, including both the mid-March divestiture of Luna Labs and the acquisition of LIOS Sensing, Luna expects total revenues in the range of $109 million to $115 million for full year 2022 and Adjusted EBITDA in the range of $10 million to $12 million for full year 2022. Total revenues are expected to be in the range of $20 million to $22 million for Q1 2022.
Positive Outlook
- Total revenues in the range of $109 million to $115 million for full year 2022
- Adjusted EBITDA in the range of $10 million to $12 million for full year 2022
- Total revenues in the range of $20 million to $22 million for Q1 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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