Luna Innovations Reports Record Fourth-Quarter and Full-Year 2020 Results
Fourth Quarter Highlights
- Created the world's largest fiber optic sensing company with the acquisition of OptaSense Holdings, Ltd ("OptaSense") in early December
- Total revenues of $25.9 million for the three months ended December 31, 2020, up 33%, compared to the prior-year period
- Excluding the acquisition of OptaSense, total revenues of $24.4 million, up 25%
- Operating income of $0.5 million for the three months ended December 31, 2020, compared to $1.7 million for the prior-year period
- Excluding the acquisition of OptaSense and acquisition-related expenses, operating income of $3.7 million for the three months ended December 31, 2020
- 净亏损从continuing operations of $0.1 million for the three months ended December 31, 2020, compared to net income from continuing operations of $2.1 million for the prior-year period
- Excluding the acquisition of OptaSense and acquisition-related expenses, net income from continuing operations of $3.0 million, or $0.09 per fully diluted share, for three months ended December 31, 2020
- Adjusted EBITDA of $4.3 million for the three months ended December 31, 2020, compared to $3.2 million for the prior-year period
- Excluding the acquisition of OptaSense and acquisition-related expenses, adjusted EBITDA of $5.0 million for the three months ended December 31, 2020
(ROANOKE, VA, March 11, 2021)- Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced its financial results for the three months and full fiscal year ended December 31, 2020.
“Our outstanding operating and financial performance in 2020 in the midst of a pandemic underscores the strength of our product portfolio, our ability to innovate and the fact that we are clear about our strategy and have not wavered from our stated vision,” said Scott Graeff, President and Chief Executive Officer of Luna. “From an operational standpoint, the absolute focus and dedication of our team was evident as we continued to execute against that strategy to support our customers, keep our employees safe and deliver the financial results that we guided to before COVID permeated our lives."
Graeff继续说道,“尽管我们公司uld not travel and meet in person, we continued to work our acquisition pipeline and recently completed the acquisition of OptaSense, the largest transaction in our history. Our financial achievements were equally as impressive, achieving double-digit top-line growth and record revenue for 2020. I am inspired by the commitment and hard work of the Luna team, all of whom continued to ensure service excellence for our customers. This performance and focus gives us a very strong springboard entering 2021.”
Fourth Quarter Fiscal 2020 Financial Summary
Financial results for the three months ended December 31, 2020 continue the strong momentum throughout the fiscal year. The reported performance metrics below include OptaSense for the stub period starting from the acquisition date of December 3, 2020 through December 31, 2020. Given the timing of the close of the transaction so late in the quarter and fiscal year, the inclusion of the results of operations of OptaSense for this stub period does not reflect integration costs or cost synergies from the transaction.