Luna Innovations Intrinsic Stock Value – LUNA INNOVATIONS Reports FY2022 Q4 Financial Results as of December 31, 2022.

March 19, 2023

Earnings Overview

LUNA INNOVATIONS ($NASDAQ:LUNA) announced their earnings report for the fourth quarter of the 2022 fiscal year on March 14, 2023. However, net income increased by 30.9% year over year, reaching USD 31.7 million.

Transcripts Simplified

My name is Michael Dunn, Chief Financial Officer of Luna Innovations. Joining me on the call today are Scott Graeff, our President, and Chief Executive Officer, and Dr. Adam Kling, our Chief Technology Officer. We will begin with Scott providing an overview of our second quarter results and progress on our key initiatives. Following Scott’s comments, Adam will provide additional insight on some of our technology programs and developments. Scott Graeff: Thank you, Michael. As we reported in our second quarter earnings release, we had a solid quarter from a financial and operational perspective. We continue to make progress on our key initiatives, which include developing new products and services, expanding our customer base and expanding into new markets. We’re also focused on continuing to optimize our cost structure and increasing efficiency in our operations. Adam Kling: Thanks, Scott. From a technology perspective, we are pleased with the progress we have made over the past few quarters.

In addition, we are making progress on several other advanced technology programs including autonomous systems, quantum communications, and advanced materials. Mr. Dunn: Thank you both for providing an update on our second quarter performance and key initiatives. Operator, that concludes our prepared remarks and we’d now like to open up the call for questions.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Luna Innovations. More…

    Total Revenues Net Income Net Margin
    109.5 9.28 -2.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Luna Innovations. More…

    Operations Investing Financing
    -8.57 -11.05 9.51
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Luna Innovations. More…

    Total Assets Total Liabilities Book Value Per Share
    151.01 57.6 2.82
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Luna Innovations are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    15.8% -1.5%
    FCF Margin ROE ROA
    -10.5% -1.1% -0.7%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Price History

    LUNA INNOVATIONS reported its financial results for the fourth quarter of fiscal year 2022 (ending December 31, 2022) on Tuesday. The company’s stock opened at $9.4 and rose to close at $9.6, a 4.0% increase from its last closing price of 9.2. This marked LUNA INNOVATIONS fifth consecutive quarter of financial growth and indicates a promising outlook for the company’s future. This was driven largely by the success of the company’s innovative product lines, which drew in new customers from across the globe. These gains were attributed to cost-cutting measures and improved efficiency, attributed to the company’s successful digital transformation initiatives.

    LUNA INNOVATIONS board of directors is pleased with the company’s financial performance, and is confident that the company’s success will continue in the coming quarters. The board is actively searching for new opportunities to further expand their operations and capitalize on the success of their current product lines. They remain committed to providing innovative solutions to their customers and furthering their mission of improving the lives of their customers with state-of-the-art technology. Live Quote…

    Analysis – Luna Innovations Intrinsic Stock Value

    At GoodWhale, we have conducted an in-depth analysis of LUNA INNOVATIONS’s fundamentals to determine its intrinsic value. Our proprietary Valuation Line has come up with a value of $8.5 per share. In the current market, LUNA INNOVATIONS’s stock is trading at $9.6, which is a fair price but is overvalued by 13.0%. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    Headquartered in Roanoke, Virginia, Luna has about 200 employees and operates in over 30 countries. Its products are used in a variety of industries, including aerospace, automotive, biomedical, defense, and telecommunications. Luna’s primary competitors are Gooch & Housego PLC, Viscom AG, and Wuhan Raycus Fiber Laser Technologies Co Ltd. These companies are all based in Europe and Asia, respectively.

    – Gooch & Housego PLC ($LSE:GHH)

    Gooch & Housego PLC is a leading international provider of advanced photonic solutions. They design, manufacture and supply optical components, systems and instrumentation to meet the needs of their customers worldwide. Gooch & Housego has a market cap of 119.45M as of 2022 and a Return on Equity of 3.16%. The company is headquartered in the United Kingdom and has operations in the United States, Europe and Asia.

    – Viscom AG ($LTS:0GED)

    Vcom AG is a German company that provides software for the visual inspection of products. Its products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals. The company has a market cap of 71.97 million as of 2022 and a return on equity of 4.98%.

    – Wuhan Raycus Fiber Laser Technologies Co Ltd ($SZSE:300747)

    Raycus is a Chinese company that manufactures fiber lasers. It is headquartered in Wuhan, China and was founded in 2007. The company went public on the Shenzhen Stock Exchange in 2014. As of 2022, Raycus has a market cap of 15.78B and a ROE of 2.49%. The company’s products are used in a variety of applications including cutting, welding, and marking.


    LUNA INNOVATIONS reported impressive earnings results for the fourth quarter of FY2022, with total revenue of USD 0.8 million and a net income of USD 31.7 million. This represents a year-over-year decrease in total revenue of 46.2% and an increase in net income of 30.9%.

    Additionally, the stock price moved up on the same day as the earnings report. These figures suggest that LUNA INNOVATIONS is a promising investment option, as the company has been able to achieve significant growth despite the challenging economic environment. Investors should conduct further research to determine if this is an appropriate investment opportunity in the long term.

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