News

Divestiture supports strategic focus on fiber optic based test and measurement (ROANOKE, VA, August 01, 2018) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has closed on the divestiture of its Optoelectronic Solutions (OPTO) business to OSI Optoelectronics, Inc. a subsidiary of OSI Systems, Inc.  for up to $18.5 million.  OSI Systems, Inc. is a vertically integrated…Read More

(ROANOKE, VA, August 1, 2018) – Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today reported record financial results for the three and six months ended June 30, 2018. Fifth consecutive quarter of year-over-year revenue growth and positive net income from continuing operations Total revenues of $13.8 million for the three months ended June 30, 2018, up 22% compared to the…Read More

Net income from continuing operations improved to $0.5 million for the three months ended September 30, 2017 compared to a net loss from continuing operations of $(0.4) million for the three months ended September 30, 2016.  Cash and cash equivalents were $38.5 million at September 30, 2017. (ROANOKE, VA, November 13, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced its financial results for the three and…Read More

ROANOKE, Va., November 6, 2017 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third quarter financial results for the period ended September  30, 2017, in a conference call with investors. Scott Graeff, president and chief executive officer, and Dale Messick, chief financial officer, will host the call on Monday, November 13, 2017, at 5:00 p.m. (EST). The investor conference call will be…Read More

(ROANOKE, Va., October 23, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA), today announced that its board of directors has appointed Scott Graeff as the company’s president and chief executive officer effective immediately.  Graeff, who has been serving as chief strategy officer, treasurer and secretary, replaces My Chung, who has retired from the company.  Graeff will also join the board of directors. Graeff joined Luna in…Read More

ROANOKE, VA, (September 20, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced that its Board of Directors has reinstituted the Company’s stock repurchase program and authorized the repurchase of up to $2.0 million of Luna’s common stock.  Luna’s prior stock repurchase program expired on May 31, 2017. “Reflecting our continuing commitment to building shareholder value, this new stock repurchase program provides us with additional…Read More

Net loss improved to $(1.4) million for the three months ended March 31, 2017 compared to $(1.5) million for the three months ended March 31, 2016  (ROANOKE, VA, May 11, 2017) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced its financial results for the three months ended March 31, 2017. For the three months ended March 31, 2017, Luna reported revenues of $13.1 million and a…Read More

Adjusted EBITDA of $0.4 million and net loss of $(0.8) million, for the third quarter of 2015, Luna’s first full quarter results following its merger with Advanced Photonix, Inc. (ROANOKE, VA, November 10, 2015) – Luna Innovations Incorporated (NASDAQ: LUNA) today announced its financial results for the three months and nine months ended September 30, 2015, the company’s first full quarter of operating results following its…Read More

ROANOKE, Va., November 3, 2015 — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third quarter financial results for the period ended September 30, 2015, in a conference call with investors. My Chung, president and chief executive officer, and Dale Messick, chief financial officer, will host the call on Tuesday, November 10, 2015, at 5:00 p.m. (EST). The investor conference call will be…Read More