NASDAQ$LUNA
Luna Innovations Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported record Q4 and full-year results, driven by strong operating and financial performance and the acquisition of OptaSense.
Luna Innovations reported a 33% increase in total revenues for Q4 2020, reaching $25.9 million, with operating income at $0.5 million and a net loss from continuing operations of $0.1 million. Excluding the OptaSense acquisition, total revenues increased by 25% to $24.4 million, with an operating income of $3.7 million and a net income of $3.0 million, or $0.09 per fully diluted share. Adjusted EBITDA was $4.3 million, or $5.0 million excluding OptaSense.
- Total revenues increased by 33% to $25.9 million, including OptaSense.
- Excluding OptaSense, total revenues increased by 25% to $24.4 million.
- Operating income was $0.5 million, but $3.7 million excluding OptaSense and acquisition-related expenses.
- Net loss from continuing operations was $0.1 million, but net income was $3.0 million excluding OptaSense and acquisition-related expenses.
Headline financials
Revenue & EPS history
Luna Innovations · Revenue · Quarterly
$25.9M
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
For fiscal year 2021, Luna expects total revenues in the range of $122 million to $127 million and Adjusted EBITDA in the range of $16 million to $19 million.
Tailwinds
- Expects total revenues in the range of $122 million to $127 million for full fiscal 2021.
- Expects Adjusted EBITDA in the range of $16 million to $19 million for full fiscal 2021.
Headwinds
- Luna is not providing an outlook for net income, which is the most directly comparable GAAP measure to Adjusted EBITDA.
- Changes in the items that Luna excludes from net income to calculate Adjusted EBITDA can be dependent on future events.
- These future events are less capable of being controlled or reliably predicted by management.
- These future events are not part of Luna's routine operating activities.
- The outlook does not include any future acquisitions, divestitures, or unanticipated events.
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 Q4 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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