Luna Innovations Incorporated (LUNA) Financial Statements (2023 and Earlier)

Company Profile

Business Address 301 FIRST STREET SW
ROANOKE, VA 24011
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8731 - Commercial Physical and Biological Research (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,12815,36625,00642,46036,98212,80217,464
Cash and cash equivalents17,12815,36625,00642,46036,98212,80217,464
Receivables20,91324,95118,77015,53713,85814,29811,035
Inventory, net of allowances, customer advances and progress billings22,49323,59710,2946,8746,9518,3708,863
Inventory22,49323,59710,2946,8746,9518,3708,863
Contract with customer, asset5,1667,0462,7592,422
Disposal group, including discontinued operation12,952      
Other undisclosed current assets3,7934,5091,2879351,2211,6271,388
Total current assets:82,44575,46958,11668,22959,01137,09838,750
Noncurrent Assets
Finance lease, right-of-use asset 244 
Operating lease, right-of-use asset5,07511,281 
Property, plant and equipment2,9883,3083,4663,6283,4546,7816,614
Intangible assets, net (including goodwill)36,16138,23020,7363,4033,74011,03012,678
Goodwill18,98418,12110,5421015022,3482,274
Intangible assets, net (excluding goodwill)17,17720,10910,1943,3023,2388,68110,404
Contract with customer, asset, net 471449337
Deferred income tax assets3,3211,9601,416
Other noncurrent assets247392,3412188989
Total noncurrent assets:47,79255,53328,4087,3707,21117,89919,382
TOTAL ASSETS:130,237131,00286,52475,59966,22354,99758,132
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,06716,55213,1568,99311,92313,13312,359
Accounts payable2,8094,3932,7872,3962,9634,4664,054
Accrued liabilities9,25812,15910,3706,5978,9608,6678,305
Deferred revenue4,6497,0953,888
Debt4,1674,215 6601,8771,8851,865
Disposal group, including discontinued operation9,703      
Deferred revenue and credits1,0269501,110
Contract with customer, liability2,486
Other undisclosed current liabilities2,1012,223     
Total current liabilities:32,68730,08517,04412,13914,82615,96815,334
Noncurrent Liabilities
Long-term debt and lease obligation15,18226,261 696742,5354,327
Long-term debt, excluding current maturities11,67315,817  6032,4204,292
Finance lease, liability 196 
Capital lease obligations697111535
Operating lease, liability3,50910,248 
Liabilities, other than long-term debt4452142,0111,0361,1841,4041,564
Deferred revenue and credits1,1841,4041,564
Deferred rent credit   1,036
Other liabilities4452142,011    
Total noncurrent liabilities:15,62726,4752,0111,1051,8593,9395,891
Total liabilities:48,31456,56019,05613,24416,68519,90721,225
Stockholders' equity
Stockholders' equity attributable to parent81,92374,44267,46962,35449,53835,09036,907
Preferred stock   1111
Common stock34333230292928
Treasury stock, value(5,248)(4,789)(4,337)(2,117)(1,650)(518)(185)
Additional paid in capital98,74592,40388,02285,74583,56382,45281,462
Accumulated other comprehensive loss(33)(248)     
Accumulated deficit(11,575)(12,957)(16,248)(21,305)(32,406)(46,874)(44,399)
Total stockholders' equity:81,92374,44267,46962,35449,53835,09036,907
TOTAL LIABILITIES AND EQUITY:130,237131,00286,52475,59966,22354,99758,132

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues87,51382,68170,51642,91746,23759,21144,020
Revenue, net46,23759,21144,020
Cost of revenue(35,957)(40,493)(35,333)(23,479)(28,108)(37,476)(27,520)
Cost of goods and services sold(35,957)(40,493)(35,333)(23,479)(13,988)(12,711)(10,379)
Gross profit:51,55642,18835,18219,43818,12921,73516,501
Operating expenses(54,146)(37,205)(31,867)(18,560)(18,240)(23,672)(22,750)
Operating income (loss):(2,590)4,9833,315878(111)(1,937)(6,250)
Nonoperating income (expense)(479)92373408(223)(357)(230)
Investment income, nonoperating 67394550   
Other nonoperating income (expense) 50(5)(17)(4)(36)(10)
Interest and debt expense(479)(25)(16)(124)(219)(16)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes  16124219169
Income (loss) from continuing operations before equity method investments, income taxes:(3,548)5,0503,6881,286(334)(2,294)(6,480)
Other undisclosed income from continuing operations before income taxes47925     
Income (loss) from continuing operations before income taxes:(3,069)5,0753,6881,286(334)(2,294)(6,480)
Income tax expense (benefit)1,980(348)1,654(48)296(75)471
Income (loss) from continuing operations:(1,089)4,7275,3431,238(39)(2,369)(6,009)
Income (loss) from discontinued operations2,471(464) 9,76614,654 8,326
Net income (loss):1,3824,2635,34311,00414,615(2,369)2,317
Other undisclosed net loss attributable to parent (972)     
Net income (loss) attributable to parent:1,3823,2915,34311,00414,615(2,369)2,317
Preferred stock dividends and other adjustments  (285)(257)(147)(105)(86)
Net income (loss) available to common stockholders, diluted:1,3823,2915,05710,74714,468(2,475)2,231

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,3824,2635,34311,00414,615(2,369)2,317
Comprehensive income (loss), net of tax, attributable to parent:1,3824,2635,34311,00414,615(2,369)2,317

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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