NASDAQ$LUNA
Luna Innovations Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported solid results and maintained 2020 outlook.
Luna Innovations reported a 4% increase in total revenues, reaching $18.6 million for the second quarter of 2020. Operating income increased to $1.8 million, or 10% of total revenues, and net income was $1.4 million, or $0.04 per fully diluted share. The company maintains its 2020 outlook, tightening the revenue range to $81M to $83M.
- Total revenues increased by 4% to $18.6 million for the three months ended June 30, 2020.
- Operating income and margin improved to $1.8 million and 10% of total revenues.
- Net income reached $1.4 million, or $0.04 per fully diluted share.
- Adjusted EBITDA increased to $3.0 million.
Headline financials
Revenue & EPS history
Luna Innovations · Revenue · Quarterly
$12.9M
Revenue by segment
Luna Innovations · $19.5M total across 2 segments · Q4 2019
- Products and licensing$13M+63.1%66.9%
- Technology development$6.45M+16.2%33.1%
Forward guidance
Luna is slightly tightening its revenue outlook range to $81 million to $83 million, and reiterates the outlook it provided on May 7, 2020.
Tailwinds
- Total revenues of $81M to $83M
- Adjusted EBITDA of $10M to $12M
- Company continues to operate at its normal capacity.
- Company has a strong cash position and adequate access to capital.
- Company is in a strong position to take advantage of trends such as 5G, lightweighting and infrastructure monitoring.
Headwinds
- COVID-19 pandemic has created evolving and significant macroeconomic uncertainty.
- In-person meetings have historically been helpful in closing the sale.
- Slight challenge around Luna's ability to forecast the exact timing of closing certain customer contracts and receiving purchase orders.
- Failure of demand for Luna's products and services to meet expectations.
- Failure of target market to grow and expand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+1.3%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+4.7%
Avg return
30 days after
59%
33 / 56 earnings
Positive
+23.5%
Q2 2019
Best reaction
-29.3%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2023 | +1.1% | +3.7% | +23.0% | |
| Q2 2023 | -12.6% | -12.7% | -29.2% | |
| Q1 2023 | +4.4% | -4.3% | -7.4% | |
| Q4 2023 | -29.3% | -28.0% | -25.4% | |
| Q3 2022 | +18.8% | +22.7% | +55.4% | |
| Q2 2022 | -5.8% | -4.5% | -17.5% | |
| Q1 2022 | -3.2% | -4.9% | -28.7% | |
| Q4 2021 | +8.7% | +19.2% | -1.9% | |
| Q3 2021 | -11.7% | -1.7% | -9.7% | |
| Q2 2021 | -11.1% | -11.5% | -15.1% | |
| Q1 2021 | +5.7% | +5.1% | +10.6% | |
| Q4 2020 | +3.5% | +2.4% | -7.2% | |
| Q3 2020 | +15.4% | +11.6% | +32.6% | |
| Q2 2020 | +18.0% | +7.9% | +7.3% | |
| Q1 2020 | -6.1% | -8.2% | +22.5% | |
| Q4 2019 | +4.3% | -8.2% | -20.4% | |
| Q3 2019 | +9.5% | +11.7% | +28.5% | |
| Q2 2019 | +23.5% | +20.9% | +48.1% | |
| Q1 2019 | +0.5% | +0.7% | +6.5% | |
| Q4 2018 | +15.9% | +5.4% | +7.9% | |
| Q3 2018 | -0.3% | -2.2% | -12.9% | |
| Q2 2018 | +21.5% | +8.8% | +9.7% | |
| Q1 2018 | -12.9% | -9.7% | -10.0% | |
| Q4 2017 | +14.6% | +22.5% | +30.4% | |
| Q3 2017 | +14.2% | +25.2% | +47.7% | |
| Q2 2017 | +19.0% | +25.6% | +24.0% | |
| Q1 2017 | -0.6% | +0.0% | -11.0% | |
| Q4 2016 | -11.7% | -9.6% | -18.1% | |
| Q3 2016 | +0.8% | +1.6% | +10.2% | |
| Q2 2016 | -21.3% | -19.3% | -9.3% | |
| Q1 2016 | -4.5% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | +5.3% | — | — | |
| Q1 2015 | +5.8% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | +9.2% | — | — | |
| Q2 2014 | +2.4% | — | — | |
| Q4 2013 | -5.4% | — | — | |
| Q1 2014 | -5.4% | — | — | |
| Q3 2013 | -6.2% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | -5.4% | — | — | |
| Q4 2012 | -5.4% | — | — | |
| Q3 2012 | -4.1% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q1 2012 | +3.0% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q3 2010 | +6.3% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q2 2011 | +0.6% | — | — | |
| Q4 2010 | +0.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | -4.7% | — | — |
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