Financial News from Luna Innovations


Financial News includes company press releases such as quarterly earnings, product launches, new technologies and board member or executive team changes that require full disclosure because the information is material. See Company News for non-material general releases from Luna.
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DateTitle 
08/10/10Luna Innovations Reports Second Quarter 2010 Financial Results
Total revenues increase 4% over prior year quarter; Product & license revenues increase 31% over prior year quarter; Quarterly net loss attributable to common stockholders improves 70% to $0.7 million ROANOKE, Va., Aug 10, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing, instrumentation and nanotechnology, today announced its financial results for the second quarter and six months ended June 30, 2010. As compared to the same quarter... 
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08/10/10Luna Innovations Initiates Search for a New CEO
Executive Leadership Transition Plans Continue as Kent Murphy, Chief Executive Officer (CEO) of Luna Innovations, Resigns and Assumes Role of Advisor ROANOKE, Va., Aug 10, 2010 (BUSINESS WIRE) -- Luna Innovations (NASDAQ: LUNA) today announced that its Board of Directors has initiated a search for a new Chief Executive Officer (CEO) as a successor to Dr. Kent Murphy. As part of the previously announced transition plan for the company's leadership, Dr. Murphy will assume the role of Senior... 
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08/03/10Luna Innovations Announces Second Quarter Financial Release Date of August 10, 2010
ROANOKE, Va., Aug 03, 2010 (BUSINESS WIRE) --Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today it will report its second quarter financial results for the period ended June 30, 2010, in a conference call with investors. The Company will host the call on Tuesday, August 10, 2010, at 5:00 p.m. (EST). The investor conference call will be available via live webcast on the Luna I... 
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05/20/10Luna Technologies introduces industry's only portable, ultra-high resolution fiber network analysis and fault finding instrument
The New Portable Optical Backscatter Reflectometer(TM) 4200 ROANOKE, Va., May 20, 2010 (BUSINESS WIRE) --Luna Technologies, a division of Luna Innovations Incorporated (NASDAQ:LUNA), today announced the launch of its Optical Backscatter Reflectometer(TM) 4200 (OBR 4200), a new generation, portable, ultra-high resolution reflectometer offering advanced inspection and diagnostic capabilities to manufacturers and installers of fiber optic assemblies and short networks. The OBR 4200 offers 1000x hi... 
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05/11/10Luna Innovations Reports First Quarter 2010 Financial Results
Total revenues decrease 7%; Product & license revenues increase 29%; Adjusted EBITDA excluding litigation improves $0.8 million ROANOKE, Va., May 11, 2010 (BUSINESS WIRE) --Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, today announced its financial results for the first quarter ended March 31, 2010. As compared to the same quarter last year, product and license revenue increased by 29%, from $1.6 million in the first qua... 
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05/10/10Luna Innovations Strengthens Executive Leadership
Jonathan Cool becomes Acting President and COO; Scott Graeff named Chief Commercialization Officer ROANOKE, Va., May 10, 2010 (BUSINESS WIRE) --Kent Murphy, Founder, President and Chief Executive Officer (CEO) of Luna Innovations, and a member of the Board of Directors, announces changes to the company's executive leadership team. Jonathan Cool, current member of the Board of Directors, is named Acting President and Chief Operating Officer (COO). In this role, he will lead the overall strat... 
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05/05/10Luna Innovations Announces First Quarter Financial Release Date of May 11, 2010
ROANOKE, Va., May 05, 2010 (BUSINESS WIRE) --Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today it will report its first quarter financial results for the period ended March 31, 2010, in a conference call with investors. Kent A. Murphy, Chief Executive Officer, and Dale Messick, Chief Financial Officer, will host the call on Tuesday, May 11, 2010, at 5:00 p.m. (EDT). The investor conference call will be available via... 
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03/04/10Luna Innovations Reports Fourth Quarter 2009 and Full Year Financial Results
Company Achieves 15% Overall Revenue Growth for the Fourth Quarter; Quarterly Product and License Revenue Grows 128%; Quarterly Adjusted EBITDA Excluding Litigation Improves To $1.0 million   ROANOKE, Va., Mar 04, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, today announced its financial results for the fourth quarter and year ended December 31, 2009. As compared to the same quarter last year, fo... 
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02/26/10Luna Innovations Announces Fourth Quarter and Year-End Financial Release Date of March 4, 2010
  ROANOKE, Va., Feb 26, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today it will report its fourth quarter and full year financial results for the period ended December 31, 2009, in a conference call with investors. Kent A. Murphy, Chief Executive Officer, and Dale Messick, Chief Financial Officer, will host the call on Thursday, March 4, 2010 at 5:00 p.m. (EST). The investor conferenc... 
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02/18/10Luna Innovations Announces New Credit Facility
Silicon Valley Bank extends Luna a $5 million revolving credit facility   ROANOKE, Va., Feb 18, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today that it has entered into a $5 million revolving credit facility with Silicon Valley Bank (SVB). In May 2008, Luna entered into a $10 million credit facility with SVB that included a four-year term debt of $5 million and a remaining facility available under a four-year revolving line of credit of up to $10 milli... 
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01/14/10Luna Innovations Complies with All NASDAQ Listing Criteria
ROANOKE, Va., Jan 14, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today that it has received notification from The NASDAQ Stock Market LLC indicating that the Company timely demonstrated compliance with all requirements for initial listing on The NASDAQ Capital Market upon its emergence from bankruptcy, as required by the NASDAQ Listing Rules and the December 28, 2009 decision of The NASDAQ Lis... 
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01/14/10Luna Innovations' Largest Investor Exchanges Debt for Equity
Carilion Clinic exchanges $6.2 million in debt for preferred stock ROANOKE, Va., Jan 14, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today that Carilion Clinic, its largest non-employee shareholder, has exchanged all outstanding convertible promissory notes of Luna, with a balance of principal and accrued interest equal to $6.2 million, for newly issued shares of Series A Convertible Preferred Stock of Luna. In 2005, Carilion Clinic invested $10 million in e... 
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01/12/10Luna Innovations Emerges from Chapter 11 Reorganization
Luna Exits Chapter 11 Less Than Six Months After Filing ROANOKE, Va., Jan 12, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing, instrumentation and nanotechnology, announced today that it has emerged from Chapter 11 reorganization, less than six months after filing. The Honorable William F. Stone, Jr. of the U.S. Bankruptcy Court for the Western District of Virginia, Roanoke Division, confirmed the company's Joint Plan of Reorganization on Ja... 
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01/11/10Luna Innovations Announces Preliminary Fourth Quarter 2009 Operating Results
Product & License Revenue more than Doubles Quarter over Quarter ROANOKE, Va., Jan 11, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing & instrumentation and nanotechnology, today announced preliminary results of operations for the fourth quarter of 2009, to be followed by a conference call at 1:30 p.m. Eastern Time. The Company cautions that the preliminary estimates of financial results are prior to the completion of the Company's clos... 
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01/11/10Luna Innovations Adds Three New Independent Directors
Jonathan Cool, Warner Dalhouse & John Williamson to Join Board ROANOKE, Va., Jan 11, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ:LUNA) is adding three independent directors to its Board of Directors. These additions bring Luna back into compliance with the NASDAQ listing qualifications requirement that a company must have a minimum of three independent directors. The election of these new directors will be effective upon Luna's emergence from Chapter 11 reorganization. J... 
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01/08/10Luna Innovations and Intuitive Surgical Expand Relationship
Luna and Intuitive agree to continue work integrating shape sensing technology and medical robotics ROANOKE, Va., Jan 08, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today that it will be extending its development and supply agreement with Intuitive Surgical, Inc. (NASDAQ: ISRG) to continue integrating Luna's shape sensing technology into Intuitive's products. In June 2007, Luna and Intuitive entered into a multi-year development and supply agreement in whic... 
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01/05/10Luna Innovations to Provide Corporate Update on January 11, 2010
Luna will discuss preliminary financial results, business developments and outlookROANOKE, Va., Jan 05, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA), a company focusing on sensing & instrumentation and nanotechnology, will provide a corporate update in a conference call with investors on January 11, 2010. The company will discuss its preliminary expectations for fourth quarter operating results, current business developments, the company's reorganization plan and expe... 
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01/04/10Luna Innovations Receives NASDAQ Extension
ROANOKE, Va., Jan 04, 2010 (BUSINESS WIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) today announced that on December 28, 2009, the Company received notice from the NASDAQ Listing Qualifications Panel (the "Panel") indicating that the Panel has granted the Company's request for continued listing on The NASDAQ Capital Market pursuant to an extension through January 13, 2010. The Panel's decision requires the Company to demonstrate compliance with all applicable requirements for initial list... 
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