Luna Innovations Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Sep '23 Sep 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Revenue	116.61	109.5	87.51	59.12	70.52	42.92
Revenue Growth (YoY)	14.31%	25.12%	48.04%	-16.17%	64.31%	29.73%
Cost of Revenue	47.81	43	35.96	23.24	35.33	23.48
Gross Profit	68.8	66.5	51.56	35.88	35.18	19.44
Selling, General & Admin	56.28	56.44	43.96	28.35	23.34	14.79
Research & Development	11.11	10.84	10.19	6.71	7.5	3.77
Operating Expenses	67.43	67.28	54.15	35.07	30.84	18.56
Operating Income	1.37	-0.78	-2.59	0.81	4.34	0.88
Interest Expense	-2.02	-0.9	-0.48	-0.05	-0.02	-0.12
Interest & Investment Income	0.05	0.05	0	0.09	0.39	0.55
Other Non Operating Income (Expenses)	0.17	0.22	-	0.05	-0.01	-0.02
EBT Excluding Unusual Items	-0.44	-1.42	-3.07	0.91	4.72	1.29
Merger & Restructuring Charges	-1.1	-1.1	-	-	-1.03	-
Pretax Income	-1.54	-2.52	-3.07	0.91	3.69	1.29
Income Tax Expense	-0.42	-0.22	-1.98	-0.46	-1.65	0.05
Earnings From Continuing Operations	-1.12	-2.3	-1.09	1.36	5.34	1.24
Earnings From Discontinued Operations	-1	11.58	2.47	1.93	-	9.77
Net Income	-2.12	9.28	1.38	3.29	5.34	11
Preferred Dividends & Other Adjustments	-	-	-	-	0.29	0.26
Net Income to Common	-2.12	9.28	1.38	3.29	5.06	10.75
Net Income Growth	-	571.42%	-58.01%	-38.41%	-51.45%	-24.70%
Shares Outstanding (Basic)	33	33	32	31	29	28
Shares Outstanding (Diluted)	33	33	32	33	32	32
Shares Change (YoY)	3.35%	2.95%	-2.83%	2.32%	-1.88%	17.67%
EPS (Basic)	-0.06	0.28	0.04	0.11	0.18	0.39
EPS (Diluted)	-0.06	0.28	0.04	0.10	0.16	0.39
EPS Growth	-	552.19%	-56.03%	-37.95%	-58.91%	-25.76%
Free Cash Flow	-15.75	-11.46	3.07	2.18	4.26	-3.7
Free Cash Flow Per Share	-0.47	-0.35	0.10	0.07	0.13	-0.11
Gross Margin	59.00%	60.73%	58.91%	60.70%	49.89%	45.29%
Operating Margin	1.18%	-0.72%	-2.96%	1.38%	6.16%	2.04%
Profit Margin	-1.82%	8.47%	1.58%	5.57%	7.17%	25.04%
Free Cash Flow Margin	-13.50%	-10.46%	3.51%	3.68%	6.04%	-8.61%
EBITDA	6.9	4.64	1.93	3.78	6.85	1.9
EBITDA Margin	5.91%	4.24%	2.20%	6.40%	9.71%	4.42%
D&A For EBITDA	5.53	5.43	4.52	2.97	2.5	1.02
EBIT	1.37	-0.78	-2.59	0.81	4.34	0.88
EBIT Margin	1.18%	-0.72%	-2.96%	1.38%	6.16%	2.04%
Effective Tax Rate	-	-	-	-	-	3.72%
Revenue as Reported	-	-	-	-	70.52	42.92
Advertising Expenses	-	-	-	-	-	0.1

Updated Nov 14, 2023. Source: S&P Global Market Intelligence. Standard template. Financial Sources.