Luna Innovations Inc
NASDAQ:LUNA
Income Statement
Earnings Waterfall
Luna Innovations Inc
Revenue
|
116.6m
USD
|
Cost of Revenue
|
-47.8m
USD
|
Gross Profit
|
68.8m
USD
|
Operating Expenses
|
-68.5m
USD
|
Operating Income
|
270k
USD
|
Other Expenses
|
-2.4m
USD
|
Net Income
|
-2.1m
USD
|
Income Statement
Luna Innovations Inc
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
20
N/A
|
18
-7%
|
19
+2%
|
19
+2%
|
20
+4%
|
21
+8%
|
22
+4%
|
27
+22%
|
35
+29%
|
44
+27%
|
53
+20%
|
48
-10%
|
46
-4%
|
59
+30%
|
42
-29%
|
42
0%
|
39
-7%
|
33
-16%
|
35
+6%
|
40
+14%
|
43
+6%
|
43
+1%
|
49
+14%
|
57
+16%
|
65
+14%
|
71
+9%
|
73
+3%
|
62
-14%
|
59
-5%
|
59
0%
|
63
+7%
|
78
+23%
|
83
+6%
|
88
+6%
|
89
+2%
|
93
+5%
|
102
+9%
|
110
+7%
|
112
+2%
|
115
+3%
|
117
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(16)
|
(21)
|
(28)
|
(34)
|
(31)
|
(29)
|
(38)
|
(26)
|
(26)
|
(24)
|
(20)
|
(21)
|
(23)
|
(25)
|
(24)
|
(27)
|
(30)
|
(33)
|
(35)
|
(36)
|
(28)
|
(25)
|
(23)
|
(23)
|
(31)
|
(33)
|
(36)
|
(35)
|
(36)
|
(41)
|
(43)
|
(45)
|
(47)
|
(48)
|
|
Gross Profit |
7
N/A
|
6
-10%
|
6
+7%
|
7
+3%
|
7
+6%
|
8
+11%
|
9
+10%
|
11
+26%
|
14
+27%
|
17
+21%
|
19
+16%
|
17
-12%
|
16
-4%
|
22
+34%
|
16
-25%
|
16
+0%
|
15
-6%
|
13
-12%
|
15
+8%
|
17
+16%
|
18
+8%
|
19
+7%
|
22
+15%
|
27
+20%
|
31
+17%
|
35
+12%
|
37
+4%
|
34
-7%
|
35
+1%
|
36
+4%
|
40
+11%
|
46
+16%
|
49
+6%
|
52
+5%
|
54
+4%
|
57
+6%
|
61
+8%
|
67
+9%
|
67
+1%
|
68
+1%
|
69
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
(14)
|
(17)
|
(20)
|
(23)
|
(24)
|
(21)
|
(20)
|
(24)
|
(18)
|
(18)
|
(17)
|
(16)
|
(16)
|
(17)
|
(18)
|
(19)
|
(22)
|
(26)
|
(29)
|
(32)
|
(32)
|
(31)
|
(31)
|
(35)
|
(41)
|
(49)
|
(53)
|
(54)
|
(57)
|
(61)
|
(64)
|
(67)
|
(69)
|
(68)
|
(69)
|
|
Selling, General & Administrative |
(10)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(12)
|
(15)
|
(17)
|
(19)
|
(19)
|
(16)
|
(16)
|
(18)
|
(15)
|
(14)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(18)
|
(20)
|
(23)
|
(24)
|
(25)
|
(24)
|
(24)
|
(26)
|
(33)
|
(40)
|
(44)
|
(39)
|
(47)
|
(50)
|
(53)
|
(51)
|
(57)
|
(54)
|
(55)
|
|
Research & Development |
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(4)
|
(6)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(6)
|
(1)
|
(2)
|
(3)
|
|
Operating Income |
(6)
N/A
|
(8)
-27%
|
(8)
+3%
|
(7)
+10%
|
(6)
+8%
|
(5)
+29%
|
(5)
-15%
|
(6)
-22%
|
(6)
N/A
|
(6)
+2%
|
(5)
+20%
|
(4)
+15%
|
(4)
+11%
|
(2)
+50%
|
(2)
-2%
|
(1)
+25%
|
(1)
+8%
|
(2)
-65%
|
(1)
+40%
|
(0)
+79%
|
0
N/A
|
1
+96%
|
0
-67%
|
1
+270%
|
2
+81%
|
3
+64%
|
5
+39%
|
3
-38%
|
3
+11%
|
1
-75%
|
(1)
N/A
|
(2)
-112%
|
(4)
-73%
|
(3)
+39%
|
(3)
-30%
|
(4)
-13%
|
(2)
+39%
|
(1)
+65%
|
(2)
-106%
|
1
N/A
|
0
-55%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(6)
N/A
|
(8)
-26%
|
(8)
+4%
|
(7)
+10%
|
(6)
+8%
|
(5)
+29%
|
(5)
-16%
|
(6)
-23%
|
(6)
-1%
|
(7)
0%
|
(5)
+19%
|
(5)
+14%
|
(4)
+10%
|
(2)
+44%
|
(2)
+3%
|
(2)
+24%
|
(2)
+9%
|
(2)
-54%
|
(1)
+42%
|
(0)
+81%
|
1
N/A
|
1
+97%
|
1
-35%
|
2
+98%
|
3
+49%
|
4
+47%
|
5
+32%
|
3
-37%
|
3
-11%
|
1
-67%
|
(1)
N/A
|
(3)
-113%
|
(4)
-50%
|
(3)
+23%
|
(4)
-23%
|
(4)
-9%
|
(3)
+35%
|
(3)
+8%
|
(2)
+1%
|
(1)
+65%
|
(2)
-78%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
2
|
2
|
2
|
2
|
2
|
1
|
0
|
(0)
|
(0)
|
1
|
0
|
1
|
1
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
2
|
1
|
1
|
2
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
1
|
2
|
2
|
1
|
1
|
0
|
(0)
|
0
|
0
|
|
Income from Continuing Operations |
(4)
|
(6)
|
(5)
|
(5)
|
(5)
|
(3)
|
(5)
|
(6)
|
(7)
|
(6)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
1
|
2
|
1
|
3
|
3
|
3
|
5
|
5
|
3
|
4
|
1
|
(0)
|
(0)
|
(3)
|
(1)
|
(1)
|
(3)
|
(2)
|
(2)
|
(3)
|
(0)
|
(1)
|
|
Net Income (Common) |
1
N/A
|
(1)
N/A
|
5
N/A
|
5
+1%
|
5
-3%
|
6
+24%
|
(5)
N/A
|
(7)
-24%
|
(7)
-1%
|
2
N/A
|
3
+55%
|
5
+41%
|
5
+7%
|
(3)
N/A
|
(2)
+5%
|
(2)
+23%
|
14
N/A
|
15
+1%
|
16
+10%
|
17
+8%
|
10
-40%
|
11
+4%
|
12
+9%
|
11
-2%
|
4
-67%
|
5
+35%
|
3
-43%
|
4
+21%
|
6
+56%
|
3
-40%
|
4
+24%
|
2
-39%
|
(0)
N/A
|
1
N/A
|
11
+706%
|
9
-19%
|
10
+9%
|
9
-7%
|
(2)
N/A
|
(1)
+35%
|
(2)
-53%
|
|
EPS (Diluted) |
0.03
N/A
|
-0.06
N/A
|
0.32
N/A
|
0.32
N/A
|
0.31
-3%
|
0.39
+26%
|
-0.33
N/A
|
-0.19
+42%
|
-0.23
-21%
|
0.09
N/A
|
0.12
+33%
|
0.17
+42%
|
0.18
+6%
|
-0.09
N/A
|
-0.08
+11%
|
-0.06
+25%
|
0.43
N/A
|
0.52
+21%
|
0.5
-4%
|
0.54
+8%
|
0.31
-43%
|
0.32
+3%
|
0.34
+6%
|
0.37
+9%
|
0.11
-70%
|
0.16
+45%
|
0.09
-44%
|
0.11
+22%
|
0.16
+45%
|
0.1
-38%
|
0.13
+30%
|
0.07
-46%
|
0
N/A
|
0.04
N/A
|
0.35
+775%
|
0.28
-20%
|
0.29
+4%
|
0.28
-3%
|
-0.06
N/A
|
-0.03
+50%
|
-0.05
-67%
|