What is LUNA INNOVATIONS INC's earnings per share (EPS)?

LUNA INNOVATIONS INC (LUNA) reported diluted earnings per share of $0.28 for fiscal year 2022. This represents a 600.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

LUNA INNOVATIONS INC (LUNA) Financials

LUNA

Trailing 12 months to September 30, 2023

Revenue $116.6M +14.3% YoY

Net Income -$2.1M -121.2% YoY

EPS (Diluted) -$0.08 -125.0% YoY

Free Cash Flow -$15.7M -459.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Sep 30, 2023 Reported Nov 14, 2023 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2023, filed Nov 14, 2023. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LUNA SEC filings page.

LUNA INNOVATIONS INC (LUNA) reported $116.6M in revenue over the twelve months to Sep 30, 2023, up 14.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LUNA FY2022 2026-10-03

Revenue scaled rapidly, but rising working capital and overhead turned growth into negative cash flow and operating losses.

FY2022 reported net income of $9.3M while operating cash flow was -$8.6M and free cash flow was -$11.5M, indicating accounting earnings did not convert into cash. The likely mechanical source is working capital: accounts receivable reached $33.2M and inventory $36.6M, absorbing cash as sales expanded.

Gross margin reached 60.7% in FY2022, similar to 58.9% in FY2021, but operating margin stayed negative at -1.7%. This stable gross economics paired with losses suggests overhead grew faster than the business could absorb, rather than a deterioration in product-level profitability.

The company financed part of its cash requirement externally: long-term debt increased from $11.7M to $20.7M while operating cash flow moved from positive to negative. With a current ratio of 2.6x and reported liquidity equal to 8.4 months of annual operating outflow, the balance sheet remains liquid in the reported comparison, but cash generation weakened materially.

Financial Health Signals

Financial health score not available

LUNA INNOVATIONS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

1.58

LUNA INNOVATIONS INC scores 1.58, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

LUNA INNOVATIONS INC passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing

$0.92used

For every $1 of reported earnings, LUNA INNOVATIONS INC used $0.92 of operating cash (-$8.6M OCF vs $9.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

LUNA INNOVATIONS INC reported an operating loss of $1.9M against $898K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$30.7M

YoY+5.3%

QoQ+5.3%

5Y CAGR+23.5%

10Y CAGR+20.6%

LUNA INNOVATIONS INC generated $30.7M in revenue in Q3 2023. This represents an increase of 5.3% from the same quarter a year earlier. Against the prior quarter it is up 5.3%.

EBITDA

$2.5M

YoY-9.8%

QoQ+125.8%

5Y CAGR+23.9%

LUNA INNOVATIONS INC's EBITDA was $2.5M in Q3 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.8% from the same quarter a year earlier. Against the prior quarter it is up 125.8%.

Net Income

$461K

YoY-61.5%

QoQ+128.9%

5Y CAGR-44.6%

LUNA INNOVATIONS INC reported $461K in net income in Q3 2023. This represents a decrease of 61.5% from the same quarter a year earlier. Against the prior quarter it is up 128.9%.

EPS (Diluted)

$0.01

QoQ+120.0%

5Y CAGR-48.3%

LUNA INNOVATIONS INC earned $0.01 per diluted share (EPS) in Q3 2023. Against the prior quarter it is up 120.0%.

Cash & Balance Sheet

Free Cash Flow

$1.8M

YoY-43.8%

QoQ+126.4%

LUNA INNOVATIONS INC generated $1.8M in free cash flow in Q3 2023, representing cash available after capex. This represents a decrease of 43.8% from the same quarter a year earlier. Against the prior quarter it is up 126.4%.

Cash & Debt

$6.0M

YoY-23.6%

QoQ+83.9%

5Y CAGR-33.7%

10Y CAGR-3.0%

LUNA INNOVATIONS INC held $6.0M in cash against $28.9M in long-term debt as of Q3 2023.

Shares Outstanding

34M

QoQ+0.1%

5Y CAGR+4.0%

10Y CAGR+8.9%

LUNA INNOVATIONS INC had 34M shares outstanding in Q3 2023. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Gross Margin

57.4%

YoY-0.6pp

QoQ-0.4pp

5Y change+13.5pp

10Y change+21.7pp

LUNA INNOVATIONS INC's gross margin was 57.4% in Q3 2023, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Operating Margin

3.8%

YoY-1.3pp

QoQ+4.5pp

5Y change-1.7pp

10Y change+31.5pp

LUNA INNOVATIONS INC's operating margin was 3.8% in Q3 2023, reflecting core business profitability. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.

Net Margin

1.5%

YoY-2.6pp

QoQ+7.0pp

5Y change-81.3pp

10Y change+14.6pp

LUNA INNOVATIONS INC's net profit margin was 1.5% in Q3 2023, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.0 percentage points.

Return on Equity

0.5%

YoY-0.9pp

QoQ+2.2pp

5Y change-14.0pp

10Y change+5.0pp

LUNA INNOVATIONS INC's ROE was 0.5% in Q3 2023, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.

Capital Allocation

R&D Spending

$2.7M

YoY-2.1%

QoQ-0.1%

LUNA INNOVATIONS INC invested $2.7M in research and development in Q3 2023. This represents a decrease of 2.1% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Share Buybacks

$83K

QoQ+654.5%

LUNA INNOVATIONS INC spent $83K on share buybacks in Q3 2023, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 654.5%.

Capital Expenditures

$570K

YoY-13.1%

QoQ-18.8%

5Y CAGR+50.4%

10Y CAGR+20.0%

LUNA INNOVATIONS INC invested $570K in capex in Q3 2023, funding long-term assets and infrastructure. This represents a decrease of 13.1% from the same quarter a year earlier. Against the prior quarter it is down 18.8%.

LUNA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUNA quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Revenue	$116.6M	$109.5M+25.1%	$87.5M+48.0%	$59.1M-16.2%	$70.5M+64.3%	$42.9M+29.7%	$33.1M-21.0%	$41.9M-4.9%	$44.0M+107.1%	$21.3M+16.0%	$18.3M-21.9%	$23.5M-18.5%	$28.8M-16.7%	$34.5M-0.1%	$34.6M
Cost of Revenue	$47.8M	$43.0M+19.6%	$36.0M+54.8%	$23.2M-34.2%	$35.3M+50.5%	$23.5M+19.1%	$19.7M-24.4%	$26.1M-5.3%	$27.5M+105.0%	$13.4M+9.3%	$12.3M-15.7%	$14.6M-19.4%	$18.1M-16.3%	$21.6M-1.0%	$21.8M
Gross Profit	$68.8M	$66.5M+29.0%	$51.6M+43.7%	$35.9M+2.0%	$35.2M+81.0%	$19.4M+45.4%	$13.4M-15.4%	$15.8M-4.2%	$16.5M+110.6%	$7.8M+29.6%	$6.0M-32.0%	$8.9M-17.0%	$10.7M-17.3%	$12.9M+1.5%	$12.8M
R&D Expenses	$11.1M	$10.8M+6.3%	$10.2M+51.8%	$6.7M-10.4%	$7.5M+99.0%	$3.8M+41.9%	$2.7M-25.1%	$3.5M-17.1%	$4.3M+104.5%	$2.1M-18.4%	$2.6M-7.7%	$2.8M+21.9%	$2.3M+34.2%	$1.7M-41.0%	$2.9M
SG&A Expenses	$57.4M	$57.5M+30.9%	$44.0M+55.0%	$28.4M+21.5%	$23.3M+57.8%	$14.8M+14.5%	$12.9M-12.5%	$14.8M-20.1%	$18.5M+80.2%	$10.3M-11.0%	$11.5M+12.5%	$10.2M-9.2%	$11.3M-15.1%	$13.3M-18.6%	$16.3M
Operating Income	$272K	-$1.9M+27.3%	-$2.6M-418.6%	$813K-75.5%	$3.3M+277.9%	$878K+139.7%	-$2.2M+11.6%	-$2.5M+60.0%	-$6.2M-38.7%	-$4.5M+43.9%	-$8.0M-94.6%	-$4.1M-45.0%	-$2.8M-39.0%	-$2.0M+88.3%	-$17.4M
EBITDA	N/A	$3.6M+74.9%	$2.0M-46.1%	$3.8M-35.0%	$5.8M+177.6%	$2.1M+558.2%	$318K-73.8%	$1.2M+132.0%	-$3.8M+2.7%	-$3.9M+45.1%	-$7.1M-133.7%	-$3.0M-119.3%	-$1.4M-93.3%	-$717K+95.4%	-$15.6M
Interest Expense	$2.0M	$898K+87.5%	$479K+1816.0%	$25K+56.3%	$16K-87.1%	$124K-42.8%	$217K-31.9%	$319K+57.3%	$203K+110.9%	$96K-53.6%	$208K-33.6%	$312K-19.4%	$388K-19.3%	$480K-4.6%	$504K
Income Tax	-$416K	-$220K+88.9%	-$2.0M-335.2%	-$455K+72.5%	-$1.7M-3558.9%	$48K+104.2%	-$1.1M-747.2%	-$136K+71.2%	-$471K+58.6%	-$1.1M+52.4%	-$2.4M-115.8%	-$1.1M-131.0%	-$479K	N/A	$600K
Net Income	-$2.1M	$9.3M+571.4%	$1.4M-58.0%	$3.3M-38.4%	$5.3M-51.4%	$11.0M-24.7%	$14.6M+716.8%	-$2.4M-202.3%	$2.3M-61.3%	$6.0M+846.4%	-$803K+42.0%	-$1.4M+0.6%	-$1.4M+46.9%	-$2.6M+87.2%	-$20.4M
EPS (Basic)	N/A	$0.28+600.0%	$0.04-63.6%	$0.11-38.9%	$0.18-53.8%	$0.39-25.0%	$0.52	N/A	N/A	N/A	-$0.06+45.5%	-$0.110.0%	-$0.11+52.2%	-$0.23+87.4%	-$1.82
EPS (Diluted)	-$0.08	$0.28+600.0%	$0.04-60.0%	$0.10-37.5%	$0.16-51.5%	$0.33-36.5%	$0.52	N/A	N/A	N/A	-$0.06+45.5%	-$0.110.0%	-$0.11+52.2%	-$0.23+87.4%	-$1.82
Diluted Shares (Avg)	N/A	33M+2.9%	32M-2.8%	33M+2.3%	32M-1.9%	32M+17.7%	28M	N/A	N/A	N/A	17M+1.9%	16M+2.7%	16M	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Revenue	$30.7M+5.3%	$29.2M+11.5%	$25.0M+11.4%	$31.7M+30.9%	$29.2M+43.4%	$26.2M+19.1%	$22.5M+7.1%	$24.2M+25.6%
Cost of Revenue	$13.1M+6.9%	$12.3M+20.6%	$10.1M+22.8%	$12.4M	$12.2M+58.0%	$10.2M+8.7%	$8.2M-6.0%	N/A
Gross Profit	$17.6M+4.2%	$16.9M+5.7%	$15.0M+4.9%	$19.3M+36.9%	$16.9M+34.4%	$16.0M+26.9%	$14.3M+16.4%	$14.1M+20.1%
R&D Expenses	$2.7M-2.1%	$2.7M+2.1%	$2.8M+10.8%	$2.9M	$2.8M-4.9%	$2.7M+47.2%	$2.5M-12.8%	N/A
SG&A Expenses	$12.8M+9.9%	$13.4M-9.0%	$13.3M+0.1%	$17.8M	$11.7M+20.7%	$14.8M+15.3%	$13.3M+21.5%	N/A
Operating Income	$1.2M-22.1%	-$214K+91.3%	-$2.1M+9.9%	$1.5M+41.6%	$1.5M+14880.0%	-$2.5M-21.0%	-$2.4M-49.7%	$1.0M+262.5%
EBITDA	$2.5M-9.8%	$1.1M+217.1%	-$715K+39.8%	$2.9M+36.5%	$2.8M+140.8%	-$947K-4.6%	-$1.2M-240.1%	$2.1M+933.8%
Interest Expense	$613K+181.2%	$584K+426.1%	$369K+226.5%	$456K	$218K+98.2%	$111K-9.0%	$113K-21.0%	N/A
Income Tax	$193K+17.0%	-$350K-182.9%	-$567K+49.1%	$308K+51.7%	$165K-26.3%	$422K+142.4%	-$1.1M-67.9%	$203K-28.5%
Net Income	$461K-61.5%	-$1.6M+32.1%	-$1.8M-119.2%	$853K-45.8%	$1.2M+236.9%	-$2.4M-922.2%	$9.6M+3103.4%	$1.6M+2560.9%
EPS (Basic)	$0.01-75.0%	-$0.05+28.6%	-$0.06-120.0%	$0.02-60.0%	$0.04+300.0%	-$0.07-600.0%	$0.30+3100.0%	$0.05
EPS (Diluted)	$0.01	-$0.05+28.6%	-$0.06-120.0%	$0.02-60.0%	$0.04+300.0%	-$0.07-600.0%	$0.30+3100.0%	$0.05
Diluted Shares (Avg)	35M	34M+3.6%	33M+3.4%	N/A	34M+1.0%	32M+3.1%	32M+2.8%	34M+11.6%

LUNA Balance Sheet

LUNA quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Total Assets	$151.0M+15.9%	$130.2M-0.6%	$131.0M+51.4%	$86.5M+14.5%	$75.6M+14.2%	$66.2M+20.4%	$55.0M-5.4%	$58.1M+110.7%	$27.6M+40.0%	$19.7M-3.7%	$20.5M-10.7%	$22.9M+0.2%	$22.9M	N/A
Current Assets	$87.9M+6.6%	$82.4M+9.2%	$75.5M+29.9%	$58.1M-14.8%	$68.2M+16.0%	$58.8M+58.5%	$37.1M-4.3%	$38.8M+62.2%	$23.9M+38.0%	$17.3M-0.7%	$17.4M-9.8%	$19.3M+3.4%	$18.7M	N/A
Cash & Equivalents	$6.0M-64.8%	$17.1M+11.5%	$15.4M-38.6%	$25.0M-41.1%	$42.5M+14.8%	$37.0M+188.9%	$12.8M-26.7%	$17.5M+23.7%	$14.1M+81.5%	$7.8M+22.7%	$6.3M-29.1%	$8.9M+23.9%	$7.2M+38.0%	$5.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$36.6M+62.6%	$22.5M-2.5%	$23.1M+124.0%	$10.3M+49.8%	$6.9M+48.3%	$4.6M-32.3%	$6.8M-22.7%	$8.9M+163.5%	$3.4M+0.5%	$3.3M+0.3%	$3.3M+0.2%	$3.3M+7.2%	$3.1M	N/A
Accounts Receivable	$33.2M+59.0%	$20.9M-4.6%	$21.9M+34.8%	$16.3M+24.8%	$13.0M+119.9%	$5.9M-42.3%	$10.3M-6.9%	$11.0M+93.9%	$5.7M+5.2%	$5.4M-23.4%	$7.1M+18.5%	$6.0M-22.3%	$7.7M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$26.9M+41.8%	$19.0M+4.8%	$18.1M+71.9%	$10.5M+10337.6%	$101K	$0-100.0%	$502K-77.9%	$2.3M	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$57.6M+19.2%	$48.3M-14.6%	$56.6M+196.8%	$19.1M+43.9%	$13.2M-20.6%	$16.7M-16.2%	$19.9M-6.2%	$21.2M+110.5%	$10.1M+27.0%	$7.9M-13.5%	$9.2M-24.8%	$12.2M-7.9%	$13.3M	N/A
Current Liabilities	$33.6M+2.9%	$32.7M+8.6%	$30.1M+76.5%	$17.0M+40.4%	$12.1M-18.1%	$14.8M-7.2%	$16.0M+4.1%	$15.3M+81.0%	$8.5M+17.6%	$7.2M+4.0%	$6.9M-17.6%	$8.4M-21.0%	$10.6M	N/A
Non-Current Liabilities	$24.0M+53.4%	$15.6M-41.0%	$26.5M+1216.5%	$2.0M+82.0%	$1.1M-40.6%	$1.9M-52.8%	$3.9M-33.1%	$5.9M+265.9%	$1.6M+119.0%	$735K-67.4%	$2.3M-40.8%	$3.8M+45.8%	$2.6M	N/A
Long-Term Debt	$20.7M+77.6%	$11.7M-26.2%	$15.8M	$0	$0-100.0%	$603K-75.1%	$2.4M-43.6%	$4.3M	$0-100.0%	$625K-70.6%	$2.1M-41.4%	$3.6M+38.8%	$2.6M	N/A
Total Equity	$93.4M+14.0%	$81.9M+10.0%	$74.4M+10.3%	$67.5M+8.2%	$62.4M+25.0%	$49.9M+42.2%	$35.1M-4.9%	$36.9M+110.9%	$17.5M+70.6%	$10.3M-9.0%	$11.3M+5.3%	$10.7M+11.3%	$9.6M+436.2%	-$2.9M
Retained Earnings	-$2.3M+80.2%	-$11.6M+10.7%	-$13.0M+20.3%	-$16.2M+23.7%	-$21.3M+34.3%	-$32.4M+30.9%	-$46.9M-5.6%	-$44.4M+4.8%	-$46.6M+11.2%	-$52.5M-4.8%	-$50.1M-3.1%	-$48.6M-3.2%	-$47.1M	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Total Assets	$165.1M+13.7%	$155.1M+9.3%	$152.1M+5.2%	$151.0M+15.9%	$145.2M+12.0%	$141.9M+9.7%	$144.7M+12.2%	$130.2M-0.6%
Current Assets	$100.2M+24.4%	$93.9M+23.6%	$90.0M+15.4%	$87.9M+6.6%	$80.5M-2.5%	$75.9M+0.1%	$78.0M+4.3%	$82.4M+9.2%
Cash & Equivalents	$6.0M-23.6%	$3.3M-32.6%	$3.6M-67.0%	$6.0M-64.8%	$7.9M-46.5%	$4.9M-59.4%	$10.8M-8.5%	$17.1M+11.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$43.3M+33.7%	$42.0M+36.6%	$39.7M+37.3%	$36.6M+62.6%	$32.4M+27.8%	$30.8M+20.2%	$28.9M+13.1%	$22.5M-2.5%
Accounts Receivable	$39.3M+34.2%	$33.8M+11.1%	$31.9M+21.6%	$33.2M+59.0%	$29.3M+49.8%	$30.4M+23.6%	$26.3M+10.8%	$20.9M-4.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$26.9M-1.2%	$27.3M-4.0%	$27.2M-6.8%	$26.9M+41.8%	$27.2M+43.4%	$28.4M+48.5%	$29.2M+59.5%	$19.0M+4.8%
Total Liabilities	$70.5M+22.8%	$60.3M+13.0%	$58.1M+10.3%	$57.6M+19.2%	$57.4M+13.0%	$53.3M+3.7%	$52.6M+0.6%	$48.3M-14.6%
Current Liabilities	$35.0M+3.5%	$30.0M+1.6%	$32.7M+6.7%	$33.6M+2.9%	$33.8M+0.5%	$29.6M+5.2%	$30.6M+11.4%	$32.7M+8.6%
Non-Current Liabilities	$35.5M+50.5%	$30.2M+27.2%	$25.4M+15.2%	$24.0M+53.4%	$23.6M+37.4%	$23.8M+1.7%	$22.0M-11.4%	$15.6M-41.0%
Long-Term Debt	$28.9M+48.4%	$27.7M+44.3%	$22.5M+24.3%	$20.7M+77.6%	$19.5M+53.2%	$19.2M+39.8%	$18.1M+22.4%	$11.7M-26.2%
Total Equity	$94.6M+7.7%	$94.9M+7.1%	$94.1M+2.2%	$93.4M+14.0%	$87.9M+11.4%	$88.6M+13.7%	$92.0M+20.2%	$81.9M+10.0%
Retained Earnings	-$5.3M-67.4%	-$5.7M-32.0%	-$4.1M-107.5%	-$2.3M+80.2%	-$3.1M+76.1%	-$4.3M+67.8%	-$2.0M+85.0%	-$11.6M+10.7%

LUNA Cash Flow Statement

LUNA quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Operating Cash Flow	-$13.4M	-$8.6M-291.1%	$4.5M+57.0%	$2.9M-40.5%	$4.8M+245.0%	-$3.3M-461.6%	$915K+328.9%	-$400K+92.1%	-$5.1M-87.4%	-$2.7M-51.9%	-$1.8M-350.5%	-$397K-112.8%	$3.1M+3638.3%	-$87K+98.1%	-$4.6M
Depreciation & Amortization	N/A	$5.4M+17.7%	$4.6M+55.8%	$3.0M+18.7%	$2.5M+105.4%	$1.2M-51.8%	$2.5M-32.0%	$3.7M+51.2%	$2.5M+304.3%	$608K-35.0%	$935K-14.3%	$1.1M-25.3%	$1.5M+9.8%	$1.3M-28.1%	$1.9M
Stock-Based Compensation	N/A	$4.2M+43.2%	$3.0M+38.5%	$2.1M+38.2%	$1.5M+145.9%	$628K-12.2%	$715K-16.9%	$860K-23.5%	$1.1M+10.3%	$1.0M-13.7%	$1.2M-37.2%	$1.9M-16.7%	$2.3M-34.9%	$3.5M+7.9%	$3.2M
Capital Expenditures	$2.3M	$2.9M+104.5%	$1.4M+107.3%	$681K+25.9%	$541K+39.8%	$387K-71.4%	$1.4M-10.4%	$1.5M+112.6%	$710K+178.3%	$255K+36.5%	$187K-49.7%	$371K+13.3%	$328K+284.9%	$85K+60.3%	$53K
Free Cash Flow	-$15.7M	-$11.5M-473.0%	$3.1M+41.2%	$2.2M-48.9%	$4.3M+215.2%	-$3.7M-744.8%	-$437K+77.1%	-$1.9M+67.1%	-$5.8M-95.2%	-$3.0M-50.4%	-$2.0M-157.0%	-$768K-127.8%	$2.8M+1701.0%	-$172K+96.3%	-$4.7M
Investing Cash Flow	-$1.5M	-$11.1M-525.3%	-$1.8M+94.8%	-$34.2M-72.4%	-$19.8M-297.4%	$10.0M-61.7%	$26.2M+1408.9%	-$2.0M-124.1%	$8.3M-20.4%	$10.4M+123.1%	$4.7M+883.7%	-$596K+11.8%	-$676K-49.9%	-$451K+35.2%	-$696K
Financing Cash Flow	$12.3M	$9.5M+852.5%	-$1.3M-105.8%	$21.6M+988.3%	-$2.4M-95.0%	-$1.2M+57.2%	-$2.9M-29.0%	-$2.3M-1712.4%	$140K+110.3%	-$1.4M+5.4%	-$1.4M+10.0%	-$1.6M-132.7%	-$690K-127.3%	$2.5M+150.9%	-$5.0M
Share Buybacks	$501K	$359K-21.8%	$459K+1.5%	$452K-79.6%	$2.2M+375.5%	$467K-58.7%	$1.1M+239.8%	$333K+118.1%	$153K+374.0%	$32K	$0	N/A	N/A	N/A	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Cash Flow	$2.3M-38.5%	-$6.0M-26.9%	-$4.5M-90.0%	-$5.3M-262.4%	$3.8M-8.0%	-$4.7M-8958.5%	-$2.4M+19.1%	$3.3M+17.9%
Depreciation & Amortization	$1.4M+4.1%	$1.3M-12.7%	$1.4M+20.2%	$1.5M+31.8%	$1.3M+11.7%	$1.5M+34.2%	$1.2M-4.2%	$1.1M+30.9%
Stock-Based Compensation	N/A	N/A	$1.1M-6.9%	N/A	N/A	N/A	$1.1M+72.3%	N/A
Capital Expenditures	$570K-13.1%	$702K-5.4%	$478K-47.8%	$575K+22.6%	$656K+67.3%	$742K+290.5%	$915K+153.5%	$469K+81.1%
Free Cash Flow	$1.8M-43.8%	-$6.7M-22.5%	-$5.0M-51.7%	-$5.9M-310.4%	$3.1M-15.9%	-$5.4M-3868.6%	-$3.3M+0.2%	$2.8M+11.4%
Investing Cash Flow	-$602K+8.2%	-$733K+5.5%	-$510K+94.9%	$341K+155.9%	-$656K-40.8%	-$776K-174.2%	-$10.0M-2336.2%	-$610K+98.2%
Financing Cash Flow	$1.1M+124.4%	$6.4M+1970.3%	$2.5M-61.4%	$2.3M+852.0%	$487K+205.0%	$310K+440.7%	$6.4M+1687.4%	-$304K-101.5%
Share Buybacks	$83K	$11K-31.3%	$342K+23.0%	$65K+66.7%	$0	$16K-92.7%	$278K+37.6%	$39K-68.3%

Not reported in any period shown, so not listed: Dividends Paid.

LUNA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LUNA quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Gross Margin	60.7%+1.8pp	58.9%-1.8pp	60.7%+10.8pp	49.9%+4.6pp	45.3%+4.9pp	40.4%+2.7pp	37.8%+0.3pp	37.5%+0.6pp	36.9%+3.9pp	33.0%-4.9pp	37.9%+0.7pp	37.2%-0.3pp	37.5%+0.6pp	36.9%
Operating Margin	-1.7%+1.2pp	-3.0%-4.3pp	1.4%-3.3pp	4.7%+2.7pp	2.0%+8.7pp	-6.7%-0.7pp	-6.0%+8.2pp	-14.2%+7.0pp	-21.2%+22.6pp	-43.8%-26.2pp	-17.6%-7.7pp	-9.9%-4.0pp	-5.9%+44.5pp	-50.5%
Net Margin	8.5%+6.9pp	1.6%-4.0pp	5.6%-2.0pp	7.6%-18.1pp	25.6%-18.5pp	44.2%+49.8pp	-5.7%-10.9pp	5.3%-22.9pp	28.2%+32.6pp	-4.4%+1.5pp	-5.9%-1.1pp	-4.8%+2.7pp	-7.6%+51.6pp	-59.1%
Return on Equity	9.9%+8.2pp	1.7%-2.7pp	4.4%-3.5pp	7.9%-9.7pp	17.6%-11.6pp	29.3%+36.0pp	-6.8%-13.0pp	6.3%-28.0pp	34.3%+42.1pp	-7.8%+4.5pp	-12.3%+0.7pp	-13.0%+14.2pp	-27.3%	N/A
Return on Assets	6.1%+5.1pp	1.1%-1.5pp	2.5%-3.7pp	6.2%-8.4pp	14.6%-7.5pp	22.1%+26.4pp	-4.3%-8.3pp	4.0%-17.7pp	21.7%+25.8pp	-4.1%+2.7pp	-6.8%-0.7pp	-6.1%+5.4pp	-11.5%	N/A
Current Ratio	2.61+0.1x	2.520.0x	2.51-0.9x	3.41-2.2x	5.62+1.7x	3.97+1.6x	2.32-0.2x	2.53-0.3x	2.82+0.4x	2.40-0.1x	2.52+0.2x	2.30+0.5x	1.76	N/A
Debt-to-Equity	0.22+0.1x	0.14-0.1x	0.21+0.2x	0.000.0x	0.000.0x	0.01-0.1x	0.070.0x	0.12+0.1x	0.00-0.1x	0.06-0.1x	0.19-0.2x	0.34+0.1x	0.27	N/A
Asset Turnover	0.73+0.1x	0.67+0.2x	0.45-0.4x	0.81+0.2x	0.57+0.1x	0.50-0.3x	0.760.0x	0.760.0x	0.77-0.2x	0.93-0.2x	1.15-0.1x	1.26-0.3x	1.51	N/A
FCF Margin	-10.5%-14.0pp	3.5%-0.2pp	3.7%-2.4pp	6.0%+14.6pp	-8.6%-7.3pp	-1.3%+3.2pp	-4.6%+8.6pp	-13.2%+0.8pp	-14.0%-3.2pp	-10.8%-7.5pp	-3.3%-12.9pp	9.6%+10.1pp	-0.5%+13.1pp	-13.6%

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Gross Margin	57.4%-0.6pp	57.8%-3.2pp	59.8%-3.7pp	61.0%+2.7pp	58.0%-3.9pp	61.0%+3.7pp	63.5%+5.1pp	58.3%-2.7pp
Operating Margin	3.8%-1.3pp	-0.7%+8.7pp	-8.5%+2.0pp	4.6%+0.3pp	5.1%+5.1pp	-9.4%-0.2pp	-10.5%-3.0pp	4.3%+7.6pp
Net Margin	1.5%-2.6pp	-5.5%+3.5pp	-7.3%-50.0pp	2.7%-3.8pp	4.1%+2.4pp	-9.0%-7.9pp	42.6%+44.1pp	6.5%+6.8pp
Return on Equity	0.5%-0.9pp	-1.7%+1.0pp	-2.0%-12.4pp	0.9%-1.0pp	1.4%+0.9pp	-2.6%-2.4pp	10.4%+10.8pp	1.9%+2.0pp
Return on Assets	0.3%-0.5pp	-1.0%+0.6pp	-1.2%-7.8pp	0.6%-0.7pp	0.8%+0.6pp	-1.7%-1.5pp	6.6%+6.9pp	1.2%+1.3pp
Current Ratio	2.86+0.5x	3.12+0.6x	2.75+0.2x	2.61+0.1x	2.38-0.1x	2.57-0.1x	2.55-0.2x	2.520.0x
Debt-to-Equity	0.31+0.1x	0.29+0.1x	0.240.0x	0.22+0.1x	0.22+0.1x	0.220.0x	0.200.0x	0.14-0.1x
Asset Turnover	0.190.0x	0.190.0x	0.160.0x	0.210.0x	0.200.0x	0.180.0x	0.160.0x	0.190.0x
FCF Margin	5.7%-5.0pp	-22.8%-2.0pp	-19.9%-5.3pp	-18.5%-30.0pp	10.7%-7.6pp	-20.8%-20.2pp	-14.6%+1.1pp	11.5%-1.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
LUNA INNOVATIONS INC LUNA	FY2022	$109.5M	$9.3M	8.5%	$46.5M	—
AUTOSCOPE TECHS CORP AATC	FY2021	$13.2M	$2.3M	17.3%	$31.2M	—
GLOBAL WARMING SLTNS INC GWSO	FY2023	$0	-$516K	N/A	$1.5M	—
SCIENTIFIC INDUSTRIES INC SCND	FY2025	$5.1M	-$1.2M	-24.1%	$8.2M	—

Where LUNA INNOVATIONS INC Ranks

Frequently Asked Questions

What is LUNA INNOVATIONS INC's annual revenue?

LUNA INNOVATIONS INC (LUNA) reported $109.5M in total revenue for fiscal year 2022. This represents a 25.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LUNA INNOVATIONS INC's revenue growing?

LUNA INNOVATIONS INC (LUNA) revenue grew by 25.1% year-over-year, from $87.5M to $109.5M in fiscal year 2022.

Is LUNA INNOVATIONS INC profitable?

Yes, LUNA INNOVATIONS INC (LUNA) reported a net income of $9.3M in fiscal year 2022, with a net profit margin of 8.5%.

What is LUNA INNOVATIONS INC's EBITDA?

LUNA INNOVATIONS INC (LUNA) had EBITDA of $3.6M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does LUNA INNOVATIONS INC have?

As of fiscal year 2022, LUNA INNOVATIONS INC (LUNA) had $6.0M in cash and equivalents against $20.7M in long-term debt.

What is LUNA INNOVATIONS INC's gross margin?

LUNA INNOVATIONS INC (LUNA) had a gross margin of 60.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is LUNA INNOVATIONS INC's operating margin?

LUNA INNOVATIONS INC (LUNA) had an operating margin of -1.7% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is LUNA INNOVATIONS INC's net profit margin?

LUNA INNOVATIONS INC (LUNA) had a net profit margin of 8.5% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is LUNA INNOVATIONS INC's return on equity (ROE)?

LUNA INNOVATIONS INC (LUNA) has a return on equity of 9.9% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is LUNA INNOVATIONS INC's free cash flow?

LUNA INNOVATIONS INC (LUNA) recorded an outflow of $11.5M in free cash flow during fiscal year 2022. This represents a -473.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is LUNA INNOVATIONS INC's operating cash flow?

LUNA INNOVATIONS INC (LUNA) recorded an outflow of $8.6M in operating cash flow during fiscal year 2022, representing cash used by core business activities.

What are LUNA INNOVATIONS INC's total assets?

LUNA INNOVATIONS INC (LUNA) had $151.0M in total assets as of fiscal year 2022, including both current and long-term assets.

What are LUNA INNOVATIONS INC's capital expenditures?

LUNA INNOVATIONS INC (LUNA) invested $2.9M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How much does LUNA INNOVATIONS INC spend on research and development?

LUNA INNOVATIONS INC (LUNA) invested $10.8M in research and development during fiscal year 2022.

Does LUNA INNOVATIONS INC buy back shares?

Yes, LUNA INNOVATIONS INC (LUNA) spent $359K on share buybacks during fiscal year 2022, returning capital to shareholders by reducing shares outstanding.

How many shares does LUNA INNOVATIONS INC have outstanding?

LUNA INNOVATIONS INC (LUNA) had 33M shares outstanding as of fiscal year 2022.

What is LUNA INNOVATIONS INC's current ratio?

LUNA INNOVATIONS INC (LUNA) had a current ratio of 2.61 as of fiscal year 2022, which is generally considered healthy.

What is LUNA INNOVATIONS INC's debt-to-equity ratio?

LUNA INNOVATIONS INC (LUNA) had a debt-to-equity ratio of 0.22 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is LUNA INNOVATIONS INC's return on assets (ROA)?

LUNA INNOVATIONS INC (LUNA) had a return on assets of 6.1% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

How does LUNA INNOVATIONS INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2022, LUNA INNOVATIONS INC (LUNA) held $6.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.6M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is LUNA INNOVATIONS INC's Altman Z-Score?

LUNA INNOVATIONS INC (LUNA) has an Altman Z-Score of 1.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is LUNA INNOVATIONS INC's Piotroski F-Score?

LUNA INNOVATIONS INC (LUNA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are LUNA INNOVATIONS INC's earnings high quality?

For every $1 of reported earnings, LUNA INNOVATIONS INC (LUNA) used $0.92 of operating cash (-$8.6M OCF vs $9.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can LUNA INNOVATIONS INC cover its interest payments?

LUNA INNOVATIONS INC (LUNA) reported an operating loss of $1.9M against $898K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.