Luna Innovations Stock Financials

LUNA
 Stock
  

USD 6.76  0.35  5.46%   

Luna Innovations Net Income Per Employee is projected to increase significantly based on the last few years of reporting. The past year's Net Income Per Employee was at 3,526. The current year Average Assets is expected to grow to about 139.8 M, whereas Revenue Per Employee is forecasted to decline to about 204.2 K.
  
With this module, you can analyze Luna Innovations financials for your investing period. You should be able to track the changes in Luna Innovations individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Luna Innovations Most Recent Estimates

Quarterly Earnings Growth YOY
1.77
EPS Estimate Next Quarter
0.1
Diluted Eps
0.35
EPS Estimate Current Year
0.21
EPS Estimate Next Year
0.31
EPS Estimate Current Quarter
0.06
Understanding current and past Luna Innovations Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Luna Innovations' financial statements are interrelated, with each one affecting the others. For example, an increase in Luna Innovations' assets may result in an increase in income on the income statement.

Revenues

94.42 Million

The financial analysis of Luna Innovations is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Luna Innovations includes many different criteria found on its balance sheet. For example, investors should never minimize Luna Innovations' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Luna Innovations' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Luna Innovations.

Luna Innovations Cash

Chance Of Financial Distress
Less than 11
Luna Innovations has less than 11 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Luna Innovations stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Luna Innovations' official financial statements usually reflect Luna Innovations' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Luna Innovations. For example, before you start analyzing numbers published by Luna Innovations accountants, it's critical to develop an understanding of what Luna Innovations' liquidity, profitability, and earnings quality are in the context of the Technology space in which it operates.
Please note, the presentation of Luna Innovations' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Luna Innovations' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Luna Innovations' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Luna Innovations. Please utilize our Beneish M Score to check the likelihood of Luna Innovations' management to manipulate its earnings.

Luna Innovations Company Summary

Luna Innovations competes with Fortive Corp, Teledyne Technologies, Garmin, Trimble Navigation, and Shimadzu Corp. Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. The company offers optical test and measurement products, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers and Hyperion sensing solution that enables full-spectrum data acquisition and flexible peak detect algorithms of fiber-bragg gratings , long period FBGs, and fabry-perot sensors with low-latency access to data for closed loop feedback applications. It also provides polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks tunable lasers single frequency lasers temperature and strain sensing products ODiSI sensing solution, which provides distributed strain and temperature measurements and Terametrix terahertz gauging and imaging products that provide precise single and multi-layer thickness, density, basis weight, and caliper thickness measurements, as well as distributed acoustic sensing intellectual property and products. The company primarily markets its fiber optic test, measurement, and control products to telecommunications companies, defense agencies, government system integrators, researchers, original equipment manufacturers, distributors, testing labs, and strategic partners directly, as well as through manufacturer representative organizations, partner and distribution channels, technical sales engineers, value added resellers, and independent sales representatives. Luna Innovations Incorporated was incorporated in 1990 and is headquartered in Roanoke, Virginia.
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001239819
RegionNorth America
Business Address301 First Street
SectorTechnology
IndustryScientific & Technical Instruments
BenchmarkDOW
Websitewww.lunainc.com
Phone540 769 8400
CurrencyUSD - US Dollar
You should never invest in Luna Innovations without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Luna Innovations Stock, because this is throwing your money away. Analyzing the key information contained in Luna Innovations' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Luna Innovations Key Financial Ratios

Generally speaking, Luna Innovations' financial ratios allow both analysts and investors to convert raw data from Luna Innovations' financial statements into concise, actionable information that can be used to evaluate the performance of Luna Innovations over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Luna Innovations reports annually and quarterly.

Luna Innovations Key Balance Sheet Accounts

201720182019202020212022 (projected)
Inventories6.95 M6.87 M10.29 M23.6 M22.49 M24.27 M
Receivables13.86 M15.54 M18.77 M24.95 M20.91 M22.56 M
Accounts Payable2.96 M2.4 M2.79 M4.39 M2.81 M2.61 M
Total Assets66.22 M75.6 M86.52 M131 M130.24 M140.52 M
Current Assets59.01 M68.23 M58.12 M75.47 M82.44 M88.95 M
Assets Non Current7.42 M7.37 M28.41 M55.53 M47.79 M51.57 M
Cash and Equivalents36.98 M42.46 M25.01 M15.37 M17.13 M16.44 M
Total Debt2.55 M728.88 K3.34 M26.89 M21.45 M23.14 M
Debt Current1.88 M659.9 K1.33 M6.04 M6.27 M6.76 M
Debt Non Current674.28 K68.98 K2.01 M20.85 M15.18 M16.38 M
Deferred Revenue3.32 M2.49 M3.89 M6.15 M4.65 M3.83 M
Shareholders Equity49.54 M62.35 M67.47 M74.44 M81.92 M88.39 M
Inventory4.63 M6.87 M10.29 M23.06 M22.49 M24.27 M
Total Liabilities16.68 M13.24 M19.06 M56.56 M48.31 M52.13 M
Current Liabilities14.83 M12.14 M17.04 M30.09 M32.69 M35.27 M

Luna Innovations Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Luna Innovations' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Direct Expenses28.11 M23.48 M35.33 M40.49 M35.96 M30.15 M
Consolidated Income14.61 M11 M5.34 M3.29 M1.38 M1.42 M
Cost of Revenue19.71 M23.48 M35.33 M23.23 M35.96 M32.14 M
Gross Profit13.37 M19.44 M35.18 M35.88 M51.56 M55.63 M
Interest Expense217.35 K124.34 K16 K25 K479 K516.82 K
Net Income14.61 M11 M5.34 M3.29 M1.38 M1.97 M
Operating Expenses15.58 M18.56 M31.87 M35.07 M54.15 M58.42 M
Operating Income(111.35 K)877.53 K3.32 M5.63 M(2.59 M)(2.66 M)
Revenues46.24 M42.92 M70.52 M82.68 M87.51 M94.42 M
Income Tax Expense(1.15 M)47.82 K(1.65 M)(455 K)(1.98 M)(2.03 M)

Luna Innovations Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Luna Innovations. It measures of how well Luna Innovations is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Luna Innovations brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Luna Innovations had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Luna Innovations has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(1.35 M)(385.89 K)(541 K)(278 K)(1.41 M)(1.45 M)
Depreciation Amortization and Accretion2.53 M1.22 M2.5 M2.97 M4.63 M3.7 M
Net Cash Flow or Change in Cash and Cash Equivalents24.18 M5.48 M(17.45 M)(9.65 M)1.45 M1.57 M
Issuance Purchase of Equity Shares(1.03 M)630.42 K(1.77 M)1.72 M2.93 M3.16 M
Issuance Repayment of Debt Securities(1.89 M)(1.88 M)(665 K)19.93 M(4.19 M)(4.3 M)
Net Cash Flow from Financing(2.92 M)(1.25 M)(2.44 M)21.65 M(1.26 M)(1.3 M)
Net Cash Flow from Investing26.18 M10.04 M(19.81 M)(34.16 M)(1.77 M)(1.81 M)
Net Cash Flow from Operations915.04 K(3.31 M)4.8 M2.86 M4.48 M4.84 M
Share Based Compensation715.09 K627.86 K1.54 M2.13 M2.96 M2.41 M

Luna Innovations Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Luna Innovations's current stock value. Our valuation model uses many indicators to compare Luna Innovations value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Luna Innovations competition to find correlations between indicators driving Luna Innovations's intrinsic value. More Info.
Luna Innovations is rated below average in price to earning category among related companies. It is rated below average in net income category among related companies . Luna Innovations Net Income is projected to increase significantly based on the last few years of reporting. The past year's Net Income was at 1.38 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value Luna Innovations by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Luna Innovations' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Luna Innovations' earnings, one of the primary drivers of an investment's value.

Luna Innovations Systematic Risk

Luna Innovations' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Luna Innovations volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was sixty with a total number of output elements of one. The Beta measures systematic risk based on how returns on Luna Innovations correlated with the market. If Beta is less than 0 Luna Innovations generally moves in the opposite direction as compared to the market. If Luna Innovations Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Luna Innovations is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Luna Innovations is generally in the same direction as the market. If Beta > 1 Luna Innovations moves generally in the same direction as, but more than the movement of the benchmark.
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About Luna Innovations Financials

What exactly are Luna Innovations Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Luna Innovations' income statement, its balance sheet, and the statement of cash flows. Potential Luna Innovations investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Luna Innovations investors may use each financial statement separately, they are all related. The changes in Luna Innovations's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Luna Innovations's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Luna Innovations is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Luna Innovations has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Luna Innovations November 30, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Luna Innovations help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Luna Innovations. We use our internally-developed statistical techniques to arrive at the intrinsic value of Luna Innovations based on widely used predictive technical indicators. In general, we focus on analyzing Luna Innovations Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Luna Innovations's daily price indicators and compare them against related drivers.
Downside Deviation2.59
Information Ratio0.0299
Maximum Drawdown23.05
Value At Risk(4.39)
Potential Upside4.47
Additionally, see Correlation Analysis. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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Is Luna Innovations' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luna Innovations. If investors know Luna Innovations will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luna Innovations listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.77
Market Capitalization
211.1 M
Quarterly Revenue Growth YOY
0.43
Return On Assets
(0.0105) 
Return On Equity
(0.0197) 
The market value of Luna Innovations is measured differently than its book value, which is the value of Luna Innovations that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine Luna Innovations value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.