Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q2 2020 Earnings Presentation
14 slides from Luna Innovations's earnings presentation, Aug 6, 2020
Slide 1: Second-quarter Fiscal 2020 Earnings Investor Supplemental Materials
Second-quarter Fiscal 2020 Earnings Investor Supplemental Materials August 6, 2020
Slide 2: Safe Harbor
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 Litigation Reform Act of 1995 that involve risks and
Slide 3: 2Q FY20 Results
2Q FY20 Results
Slide 4: Second-quarter 2020: Key Financial Results
Second-quarter 2020: Key Financial Results Solid financial performance: . $0.6M improvement in Adjusted EBITDA1 year-over-year Total revenues of $18.6M; up 4% year-over-year: . Lightwave revenue of $12.9M; up 3% year-over-year . Luna Labs revenue of $5.6M; up 7% year-over-year Operating income impro
Slide 5: Second-quarter 2020 and Other Recent Accomplishments
Second-quarter 2020 and Other Recent Accomplishments Reported solid second-quarter 2020 financial results in challenging COVID environment Held 6 customer-facing technology educational webinars: ~1,000 live attendees and more than 1,200 leads Hosted worldwide virtual sales meeting with 47 attendees
Slide 6: Strong Financial Results
Strong Financial Results Revenue1 Adjusted EBITDA1, 2 (millions) (millions) FY20 Guidance FY20 Guidance $10.0 to $12.0 $81.0 - $83.0 $9.5 $70.5 $42.9 $3.1 $4.5 $33.1 $29.6 $35.7 $0.3 ($2.0) FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 1 Based on management’s estimates of the impact from the div
Slide 7: A Flexible Balance Sheet and Strong Cash Position
A Flexible Balance Sheet and Strong Cash Position Strong balance sheet on June 30, 2020: . $91.2M in total assets • $26.5M in cash and cash equivalents • $44.8M in working capital Access to $10M revolving credit facility, if needed Continued focus on working capital and reinvestment in business in o
Slide 8: COVID-19 Business Update
COVID-19 Business Update In mid-March, took immediate action to create a safer work environment; many actions remain in effect, new initiatives added: . Communicate openly and frequently with employees regarding benefits, resources, COVID-19 government information . Broad use of videoconferencing, i
Slide 9: 2020 Financial Outlook
2020 Financial Outlook Maintaining FY2020 outlook, tightening our range: . Total revenues of $81M to $83M . Adjusted EBITDA1 of $10M to $12M 1 Adj EBITDA is a non-GAAP measure. Reconciliation of comparable GAAP measures to non-GAAP measures are included in the appendix to this presentation. The outl
Slide 10: Luna – Enabling the Future with Fiber
Luna – Enabling the Future with Fiber Proprietary, measurement technology, offering unprecedented combination of resolution, accuracy and speed Customers in attractive markets: Military and Defense, Communications, Infrastructure, Energy, and Automotive Positioned to take advantage of trends such as
Slide 11: Appendix
Appendix
Slide 12: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 (Unaudited) (Unaudited) Reconciliation of EBITDA and Adjusted EBITDA Net income $ 1,369 $ 841 $ 253 $ 1,967 Loss from discontinued operations, net of income tax benefit of $464 -
Slide 13: Reconciliation of Net Income to Adjusted EBITDA: Full Year
Reconciliation of Net Income to Adjusted EBITDA: Full Year (1) Non-recurring charges include the following: 2017) CEO separation costs and other share-based compensation; 2018) Transaction-related expenses associated with the acquisition of Micron Optics, Inc.; 2019) Transaction related expenses and
Slide 14: New Segment Quarterly Results
New Segment Quarterly Results (in thousands) Three Months Ended March 31, 2019 June 30, 2019 Sep 30, 2019 A Dec 31, 2019 March 31, 2020 June 30, 2020 Revenues: Lightwave $ 9,518 $ 12,523 $ 13,088 $ 13,988 $ 11,554 $ 12,933 Luna Labs 5,315 5,291 5,301 5,492 5,587 5,643 Total revenues 14,833 17,814 18