Luna Innovations Inc Stock Price, News & Analysis

Luna Innovations Incorporated (NASDAQ: LUNA) is set to announce its second-quarter financial results for the period ending June 30, 2021, on August 9, 2021, post-market close. The announcement will be followed by a conference call at 5 p.m. Eastern, featuring key executives including Scott Graeff, the President and CEO. Investors can access the call via live webcast or by dialing in using designated numbers. Luna Innovations is recognized for its advanced optical technology in the telecommunications, aerospace, and automotive sectors, focusing on innovative product development.

Luna Innovations (NASDAQ: LUNA) has appointed Bhaskar Banerjee as Senior VP and Head of Strategy, effective immediately. Banerjee brings over 20 years of semiconductor industry experience and will focus on long-term planning, business development, and strategic investments. His prior roles include senior positions at Applied Materials and MACOM Technology Solutions. President and CEO Scott Graeff expressed confidence in Banerjee's ability to drive growth and shareholder value. This strategic hire is aimed at enhancing Luna's market position and capitalizing on existing technology trends.

Luna Innovations (NASDAQ: LUNA) announced that CEO Scott Graeff will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 4:40 p.m. ET. This event will include a webcast available on Luna’s investor relations website, with a replay accessible afterward. In addition, management will hold virtual one-on-one meetings, which can be arranged by contacting StifelCorporateEvents@stifel.com.

Luna Innovations specializes in advanced fiber optic technology, providing solutions for telecommunications, aerospace, and automotive industries.

Luna Innovations, a leader in fiber optic technology, announced that CEO Scott Graeff will present at the 16th Annual Needham Virtual Technology and Media Conference on May 20, 2021, at 11:45 a.m. ET. The presentation will be available via webcast on Luna's investor relations website. A replay will be accessible post-event. Additionally, Luna will engage in virtual one-on-one meetings, and interested parties can arrange these by contacting Needham.

For more information, visit www.lunainc.com.

Luna Innovations (NASDAQ: LUNA) reported its Q1 2021 financial results, showcasing a total revenue of $26.3 million, a 53% increase from $17.1 million in Q1 2020. Gross profit rose to $13.4 million, reflecting a gross margin of 51%. However, the company faced a net loss of $0.32 million, compared to a loss of $1.11 million in the previous year, and an adjusted EPS of $0.03 was noted. CEO Scott Graeff highlighted ongoing software upgrades and the integration of acquisitions as pivotal for future growth.

Luna Innovations Inc. (NASDAQ: LUNA) has appointed Bill Van Anglen as senior vice president & head of Human Resources, effective immediately. Reporting to CEO Scott A. Graeff, he will oversee the company's HR strategy, including talent management and compensation. Graeff emphasized the importance of employee culture in achieving growth, while Van Anglen brings over 20 years of experience in global HR across various industries. His leadership aims to enhance Luna's ability to attract and retain talent following the company's recent OptaSense acquisition.

Luna Innovations (NASDAQ: LUNA) has announced a strategic partnership with Liberty Oilfield Services to launch FracSense^TM, a diagnostic service aimed at enhancing oil and gas production. This service uses real-time fiber optic measurements to optimize fracture treatment processes, improving well performance and resource recovery. CEO Scott Graeff emphasized the opportunity this partnership presents in the oil and gas sector. FracSense aims to provide operators with critical data to enhance asset economics and make informed decisions during operations.

Liberty Oilfield Services (NYSE: LBRT) has launched FracSense™, a diagnostic service developed in partnership with OptaSense, a subsidiary of Luna Innovations. This innovative service leverages real-time fiber optic measurements to enhance hydraulic fracture completions by providing accurate diagnostic data. FracSense offers insights on fracture azimuth, stage spacing, and cluster efficiency, enabling operators to optimize their completion designs effectively. CEO Chris Wright emphasizes this service as a vital addition to Liberty’s suite of fracture optimization technologies, aimed at maximizing resource recovery for customers.

Luna Innovations Incorporated (NASDAQ:LUNA) has appointed Brian J. Soller as the new Chief Operating Officer (COO), effective immediately. Soller, who has over 20 years of experience in the fiber optic industry, will work alongside President and CEO Scott A. Graeff to enhance operational efficiency and drive sustainable growth. The leadership change aims to prepare for future growth opportunities, including potential mergers and acquisitions, by leveraging Luna's established capabilities in fiber optics.