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 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

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 2026-08-30

Revenue scale is expanding, but cash conversion is constrained as operating costs and working-capital investment absorb gross profit.

From FY2021 to FY2022, gross margin held near 60.7% while operating margin remained negative as SG&A reached $57.5M; this points to expense absorption—not product economics—as the binding constraint. The sharper issue is earnings quality: FY2022 net income was $9.3M alongside operating cash flow of -$8.6M, consistent with cash being tied up as inventory and receivables expanded.

Gross margin rose from 45.3% in FY2018 to 60.7% in FY2022, indicating improved unit economics or a more profitable revenue mix rather than merely larger scale. Yet operating margin shifted from 2.0% to -1.7%, so the added gross profit was absorbed by operating costs instead of reaching operating earnings.

The balance sheet is not debt-heavy: debt-to-equity was 0.2x while the current ratio was 2.6x, giving short-term assets room relative to current obligations. However, reported liquidity equaled 8.4 months of annual outflow, so the cash picture depends on converting operating investment back into cash rather than on leverage alone.

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

1.59

Luna Innovations Inc scores 1.59, 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

$109.5M

YoY+25.1%

5Y CAGR+27.0%

10Y CAGR+16.7%

Luna Innovations Inc generated $109.5M in revenue in fiscal year 2022. This represents an increase of 25.1% from the prior year.

EBITDA

$3.6M

YoY+74.9%

5Y CAGR+62.1%

Luna Innovations Inc's EBITDA was $3.6M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 74.9% from the prior year.

Net Income

$9.3M

YoY+571.4%

5Y CAGR-8.7%

Luna Innovations Inc reported $9.3M in net income in fiscal year 2022. This represents an increase of 571.4% from the prior year.

EPS (Diluted)

$0.28

YoY+600.0%

5Y CAGR-11.6%

Luna Innovations Inc earned $0.28 per diluted share (EPS) in fiscal year 2022. This represents an increase of 600.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$11.5M

YoY-473.0%

Luna Innovations Inc recorded an outflow of $11.5M in free cash flow in fiscal year 2022, representing a cash shortfall after capex. This represents a decrease of 473.0% from the prior year.

Cash & Debt

$6.0M

YoY-64.8%

5Y CAGR-30.4%

10Y CAGR-0.5%

Luna Innovations Inc held $6.0M in cash against $20.7M in long-term debt as of fiscal year 2022.

Shares Outstanding

33M

YoY+3.5%

5Y CAGR+3.3%

Luna Innovations Inc had 33M shares outstanding in fiscal year 2022. This represents an increase of 3.5% from the prior year.

Dividends Per Share

Not reported for fiscal year 2022.

Margins & Returns

Gross Margin

60.7%

YoY+1.8pp

5Y CAGR+20.3pp

10Y CAGR+22.8pp

Luna Innovations Inc's gross margin was 60.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin

-1.7%

YoY+1.2pp

5Y CAGR+4.9pp

10Y CAGR+15.9pp

Luna Innovations Inc's operating margin was -1.7% in fiscal year 2022, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

8.5%

YoY+6.9pp

5Y CAGR-35.7pp

10Y CAGR+14.4pp

Luna Innovations Inc's net profit margin was 8.5% in fiscal year 2022, showing the share of revenue converted to profit. This is up 6.9 percentage points from the prior year.

Return on Equity

9.9%

YoY+8.2pp

5Y CAGR-19.4pp

10Y CAGR+22.2pp

Luna Innovations Inc's ROE was 9.9% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 8.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$10.8M

YoY+6.3%

5Y CAGR+32.5%

10Y CAGR+14.6%

Luna Innovations Inc invested $10.8M in research and development in fiscal year 2022. This represents an increase of 6.3% from the prior year.

Share Buybacks

$359K

YoY-21.8%

5Y CAGR-20.5%

Luna Innovations Inc spent $359K on share buybacks in fiscal year 2022, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 21.8% from the prior year.

Capital Expenditures

$2.9M

YoY+104.5%

5Y CAGR+16.4%

10Y CAGR+22.8%

Luna Innovations Inc invested $2.9M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 104.5% from the prior year.

LUNA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LUNA quarterly income statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
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
Interest Expense	N/A	$898K+87.5%	$479K+1816.0%	$25K+56.3%	$16K-87.1%	$124K-42.8%	$217K-31.9%	$319K	N/A	$96K-53.6%	$208K-33.6%	$312K-19.4%	$388K-19.3%	$480K	N/A
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 (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

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	$30.7M+5.3%	$29.2M+16.4%	$25.0M-21.0%	$31.7M+8.7%	$29.2M+11.4%	$26.2M+16.4%	$22.5M-7.2%	$24.2M
Cost of Revenue	$13.1M+6.3%	$12.3M+22.1%	$10.1M-18.5%	$12.4M+1.1%	$12.2M+20.0%	$10.2M+24.3%	$8.2M	N/A
Gross Profit	$17.6M+4.5%	$16.9M+12.6%	$15.0M-22.6%	$19.3M+14.3%	$16.9M+6.0%	$16.0M+11.8%	$14.3M+1.1%	$14.1M
R&D Expenses	$2.7M-0.1%	$2.7M-3.4%	$2.8M-1.3%	$2.9M+2.8%	$2.8M+4.2%	$2.7M+4.8%	$2.5M	N/A
SG&A Expenses	$12.8M-4.5%	$13.4M+1.1%	$13.3M-25.4%	$17.8M+52.6%	$11.7M-20.9%	$14.8M+11.2%	$13.3M	N/A
Operating Income	$1.2M+638.3%	-$214K+90.0%	-$2.1M-245.4%	$1.5M-0.8%	$1.5M+160.0%	-$2.5M-4.1%	-$2.4M-328.6%	$1.0M
Income Tax	$193K+155.1%	-$350K+38.3%	-$567K-284.1%	$308K+86.7%	$165K-60.9%	$422K+137.8%	-$1.1M-649.3%	$203K
Net Income	$461K+128.9%	-$1.6M+13.4%	-$1.8M-315.9%	$853K-28.7%	$1.2M+150.9%	-$2.4M-124.5%	$9.6M+508.3%	$1.6M
EPS (Diluted)	$0.01+120.0%	-$0.05+16.7%	-$0.06-400.0%	$0.02-50.0%	$0.04+157.1%	-$0.07-123.3%	$0.30+500.0%	$0.05

Not reported in any period shown, so not listed: Interest Expense.

LUNA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LUNA quarterly balance sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
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
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
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
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	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$165.1M+6.4%	$155.1M+2.0%	$152.1M+0.7%	$151.0M+4.0%	$145.2M+2.4%	$141.9M-1.9%	$144.7M+11.1%	$130.2M
Current Assets	$100.2M+6.7%	$93.9M+4.3%	$90.0M+2.4%	$87.9M+9.1%	$80.5M+6.0%	$75.9M-2.6%	$78.0M-5.4%	$82.4M
Cash & Equivalents	$6.0M+83.9%	$3.3M-7.9%	$3.6M-40.9%	$6.0M-23.6%	$7.9M+62.2%	$4.9M-54.9%	$10.8M-37.0%	$17.1M
Inventory	$43.3M+3.1%	$42.0M+5.9%	$39.7M+8.5%	$36.6M+12.9%	$32.4M+5.4%	$30.8M+6.4%	$28.9M+28.4%	$22.5M
Accounts Receivable	$39.3M+16.2%	$33.8M+5.9%	$31.9M-4.0%	$33.2M+13.5%	$29.3M-3.7%	$30.4M+15.8%	$26.3M+25.6%	$20.9M
Goodwill	$26.9M-1.5%	$27.3M+0.4%	$27.2M+1.0%	$26.9M-1.1%	$27.2M-4.3%	$28.4M-2.6%	$29.2M+53.8%	$19.0M
Total Liabilities	$70.5M+17.0%	$60.3M+3.8%	$58.1M+0.8%	$57.6M+0.4%	$57.4M+7.6%	$53.3M+1.3%	$52.6M+9.0%	$48.3M
Current Liabilities	$35.0M+16.5%	$30.0M-8.0%	$32.7M-2.9%	$33.6M-0.6%	$33.8M+14.4%	$29.6M-3.4%	$30.6M-6.4%	$32.7M
Long-Term Debt	$28.9M+4.2%	$27.7M+23.4%	$22.5M+8.5%	$20.7M+6.5%	$19.5M+1.3%	$19.2M+6.3%	$18.1M+54.9%	$11.7M
Total Equity	$94.6M-0.3%	$94.9M+0.9%	$94.1M+0.7%	$93.4M+6.3%	$87.9M-0.8%	$88.6M-3.8%	$92.0M+12.3%	$81.9M
Retained Earnings	-$5.3M+8.0%	-$5.7M-38.6%	-$4.1M-80.2%	-$2.3M+27.1%	-$3.1M+27.5%	-$4.3M-117.9%	-$2.0M+82.8%	-$11.6M

LUNA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LUNA quarterly cash flow statement

Metric	TTM	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
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
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	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	$2.3M+139.0%	-$6.0M-32.1%	-$4.5M+14.6%	-$5.3M-239.6%	$3.8M+180.6%	-$4.7M-97.9%	-$2.4M-172.9%	$3.3M
Capital Expenditures	$570K-18.8%	$702K+46.9%	$478K-16.9%	$575K-12.3%	$656K-11.6%	$742K-18.9%	$915K+95.1%	$469K
Free Cash Flow	$1.8M+126.4%	-$6.7M-33.5%	-$5.0M+14.9%	-$5.9M-287.3%	$3.1M+157.5%	-$5.4M-65.4%	-$3.3M-218.1%	$2.8M
Investing Cash Flow	-$602K+17.9%	-$733K-43.7%	-$510K-249.6%	$341K+152.0%	-$656K+15.5%	-$776K+92.2%	-$10.0M-1533.4%	-$610K
Financing Cash Flow	$1.1M-83.0%	$6.4M+158.4%	$2.5M+8.7%	$2.3M+369.4%	$487K+57.1%	$310K-95.2%	$6.4M+2214.8%	-$304K
Share Buybacks	$83K+654.5%	$11K-96.8%	$342K+426.2%	$65K	$0-100.0%	$16K-94.2%	$278K+612.8%	$39K

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.

LUNA quarterly financial ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
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
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	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	57.4%-0.4pp	57.8%-1.9pp	59.8%-1.2pp	61.0%+2.9pp	58.0%-3.0pp	61.0%-2.5pp	63.5%+5.2pp	58.3%
Operating Margin	3.8%+4.5pp	-0.7%+7.8pp	-8.5%-13.1pp	4.6%-0.5pp	5.1%+14.5pp	-9.4%+1.1pp	-10.5%-14.8pp	4.3%
Net Margin	1.5%+7.0pp	-5.5%+1.9pp	-7.3%-10.0pp	2.7%-1.4pp	4.1%+13.1pp	-9.0%-51.6pp	42.6%+36.1pp	6.5%
Return on Equity	0.5%+2.2pp	-1.7%+0.3pp	-2.0%-2.9pp	0.9%-0.4pp	1.4%+4.0pp	-2.6%-13.1pp	10.4%+8.5pp	1.9%
Return on Assets	0.3%+1.3pp	-1.0%+0.2pp	-1.2%-1.8pp	0.6%-0.3pp	0.8%+2.5pp	-1.7%-8.3pp	6.6%+5.4pp	1.2%
Current Ratio	2.86-0.3x	3.12+0.4x	2.75+0.1x	2.61+0.2x	2.38-0.2x	2.570.0x	2.550.0x	2.52
Debt-to-Equity	0.310.0x	0.29+0.1x	0.240.0x	0.220.0x	0.220.0x	0.220.0x	0.20+0.1x	0.14
FCF Margin	5.7%+28.5pp	-22.8%-2.9pp	-19.9%-1.4pp	-18.5%-29.2pp	10.7%+31.5pp	-20.8%-6.2pp	-14.6%-26.1pp	11.5%

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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 1.59, 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.