NASDAQ$LUNA

Luna Innovations Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Luna Innovations' Q3 2022 results were reported, showing revenue growth and increased profitability.

Luna Innovations reported a strong Q3 2022 with a 43% increase in total revenues year-over-year, reaching $29.2 million. Net income rose to $1.2 million, and adjusted EPS reached $0.09. The company reaffirmed its full-year 2022 outlook.

  • Total revenues increased by 43% year-over-year to $29.2 million.
  • In constant currency, total revenues were up 48% year-over-year, reaching $30.1 million.
  • Net income increased to $1.2 million, compared to $0.4 million in the prior-year period.
  • Adjusted EPS increased to $0.09, compared to $0.03 for the prior-year period.

Headline financials

Total Revenue

$29.2M

Previous: $9.06M+222.0%
EPS (adj)

$0.04

Previous: $0.01+300.0%
Gross margin

58.0%

Previous: 62.0%-6.5%
Adjusted EBITDA

$4.54M

Previous: $2.11M+115.4%
Capital Expenditures

-$656K

Previous: $392K-267.3%
Free Cash Flow

$3.13M

Previous: $3.72M-15.9%
Net Income

$1.2M

Previous: $355K+236.9%
Operating Income

$1.48M

Previous: -$10K+14880.0%
Gross Profit

$16.9M

Previous: $12.6M+34.4%
Cash & Equivalents

$7.89M

Previous: $14.8M-46.5%
Total Assets

$145M

Previous: $130M+12.0%
Stock-Based Comp

$1.03M

Previous: $716K+43.4%

Revenue & EPS history

Luna Innovations · Revenue · Quarterly

$29.2M

Q3 2022+222%vs Q3 2021
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 reaffirmed its full-year 2022 outlook, originally provided on March 14, 2022.

Tailwinds

  • Total revenue of $109 million to $115 million for the full year 2022
  • Adjusted EBITDA of $10 million to $12 million for the full year 2022

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 2022

Historical avgQ3 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro