Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q2 2022 Earnings Presentation
15 slides from Luna Innovations's earnings presentation, Aug 11, 2022
Slide 1: Second-Quarter 2022 Results Investor Supplemental Materials
Second-Quarter 2022 Results Investor Supplemental Materials August 11, 2022
Slide 2: Safe Harbor
NASDAQ: LUNA Luna Innovations Incorporated© 2022 2 Safe Harbor Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 This presentation includes information that constitutes “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Li
Slide 3: Second-Quarter FY22 Results
Second-Quarter FY22 Results
Slide 4: Second-Quarter 2022: Key Financial Results
NASDAQ: LUNA Luna Innovations Incorporated© 2022 4 Second-Quarter 2022: Key Financial Results Revenues of $26.2M; up 19% year-over-year Gross margin of 61%, compared to 57% for the prior-year period Adjusted operating income of $585k, compared to $678k for the prior-year period Adjusted EBITDA1 of $
Slide 5: Second-Quarter 2022 and Recent Business Highlights
NASDAQ: LUNA Luna Innovations Incorporated© 2022 5 Second-Quarter 2022 and Recent Business Highlights Double-digit overall revenue growth Continued strong demand for Luna products; double-digit bookings growth vs. Q2 ‘21 Sensing segment Revenues grew strong double-digit vs. prior-year quarter Fi
Slide 6: Strong Financial Results
NASDAQ: LUNA Luna Innovations Incorporated© 2022 6 $4.0 $7.6 $2.9 FY19 FY20 FY21 FY22 Adjusted EBITDA1,2 (millions) $49.1 $87.5 $48.7 FY19 FY20 FY21 FY22 Revenue1 (millions) $59.1 Q3 Guidance Strong Financial Results 1 Reminder: Luna Labs reclassified to Discontinued Operations and subsequent sale i
Slide 7: Balance Sheet
NASDAQ: LUNA Luna Innovations Incorporated© 2022 7 Balance Sheet Balance sheet on June 30, 2022: $141.9M in total assets • $4.9M in cash and cash equivalents • $46.4M in working capital Total debt of $21.2M outstanding $19.9M in term debt $1.3M drawn on revolver All investments over the past f
Slide 8: Q3 Guidance and 2022 Outlook
Q3 Guidance and 2022 Outlook
Slide 9: Q3 and Full-Year Guidance 2022
NASDAQ: LUNA Luna Innovations Incorporated© 2022 9 Q3 and Full-Year Guidance 2022 2022 outlook reflects the sale of Luna Labs, the acquisition of Lios and the ongoing impact of the pandemic: Reaffirm the following: • Full-year total revenue of $109M to $115M • Full-year adjusted EBITDA1 of $10M to
Slide 10: Luna – Enabling the Future with Fiber
NASDAQ: LUNA Luna Innovations Incorporated© 2022 10 Luna – Enabling the Future with Fiber Positioned as a global fiber optic leader Proprietary fiber-optic based measurement technology, offering unprecedented combination of performance and economics Customers in attractive markets: Defense, Communic
Slide 11: Appendix
Appendix
Slide 12: Reconciliation of Net (Loss)/Income to Adjusted EBITDA
NASDAQ: LUNA Luna Innovations Incorporated© 2022 12 Reconciliation of Net (Loss)/Income to Adjusted EBITDA1 1 Results shown include the reclassification of Luna Labs to Discontinued Operations. 2 Other non-recurring charges include customer accommodation, facility consolidation and debt refinancing
Slide 13: Reconciliation of Net (Loss)/Income to Adjusted EPS
NASDAQ: LUNA Luna Innovations Incorporated© 2022 13 Reconciliation of Net (Loss)/Income to Adjusted EPS1 1 Results shown include the reclassification of Luna Labs to Discontinued Operations. 2 Other non-recurring charges include customer accommodation, facility consolidation and debt refinancing cos
Slide 14: Reconciliation of Operating (Loss) to Adjusted Operating Income
NASDAQ: LUNA Luna Innovations Incorporated© 2022 14 Reconciliation of Operating (Loss) to Adjusted Operating Income1 1 Results shown include the reclassification of Luna Labs to Discontinued Operations. 2 Other non-recurring charges include customer accommodation, facility consolidation and debt ref
Slide 15: Historical Quarterly Results
NASDAQ: LUNA Luna Innovations Incorporated© 2022 15 Historical Quarterly Results1 1 Results shown include the reclassification of Luna Labs to Discontinued Operations. June 30, 2021 September 30, 2021 December 31, 2021 March 31, 2022 June 30, 2022 Revenues 21,965$ 20,329$ 24,222$ 22,481$ 26,162$ Cos