NASDAQ$LUNA

Luna Innovations Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Luna Innovations reported a 32% increase in revenue compared to the same quarter last year.

Luna Innovations reported a revenue increase of 32% compared to the previous year's quarter, driven by recent acquisitions. However, operating and net income decreased due to higher operating expenses and amortization related to these acquisitions. The company is revising its full-year revenue guidance to $85 million to $88 million.

  • Total revenues increased by 32% to $20.3 million compared to the three months ended September 30, 2020
  • Gross margin was 62% compared to 63% for the three months ended September 30, 2020
  • Net income decreased to $0.4 million compared to $3.1 million for the three months ended September 30, 2020
  • Adjusted EPS decreased to $0.03 compared to $0.11 for the three months ended September 30, 2020

Headline financials

Total Revenue

$9.06M

Previous: $15.4M-41.0%
EPS (adj)

$0.01

Previous: $0.11-90.9%
Gross margin

62.0%

Previous: 52.0%+19.2%
Adjusted EBITDA

$2.11M

Previous: $4.27M-50.6%
Capital Expenditures

$392K

Previous: $311K+26.0%
Free Cash Flow

$3.72M

Previous: -$283K+1414.1%
Net Income

$355K

Previous: $3.1M-88.5%
Operating Income

-$10K

Previous: $2.25M-100.4%
Gross Profit

$12.6M

Previous: $10.9M+14.9%
Cash & Equivalents

$14.8M

Previous: $26.4M-44.2%
Total Assets

$130M

Previous: $95.9M+35.2%
Stock-Based Comp

$716K

Previous: $695K+3.0%

Revenue & EPS history

Luna Innovations · Revenue · Quarterly

$9.06M

Q3 2021-41%vs Q3 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Luna Innovations · $19.5M total across 2 segments · Q4 2019

  • Products and licensing
    $13M+63.1%
  • Technology development
    $6.45M+16.2%

Forward guidance

Luna is revising guidance to reflect the reclassification of Luna Labs to discontinued operations and COVID-19 pandemic related issues and expects total revenue of $85 million to $88 million and Adjusted EBITDA of $6 million to $8 million.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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