Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q3 2018 Earnings Presentation
12 slides from Luna Innovations's earnings presentation, Nov 8, 2018
Slide 1: Investor Supplemental Materials
Exhibit 99.2 Investor Supplemental materials November 8, 2018
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: 3Q 2018 Results
3Q 2018 Results
Slide 4: Third-Quarter 2018 Financial Results
Third-Quarter 2018 Financial Results We delivered strong financial performance this quarter: ▪ Fourth consecutive quarter of year-over-year, double-digit revenue growth from continuing operations; strong revenue growth across the businesses ▪ Solid improvement in Adjusted EBITDA and net income versu
Slide 5: Nine months YTD 2018 results continue the strong trajectory
Nine months YTD 2018 results continue the strong trajectory established in the first quarter…. Nine months ended September 30: Income from 1 Revenue (millions) continuing operations1 27% revenue growth (millions) $1.4 year-over-year for 2018 $29.4 Continued prudent $23.2 $20.7 expense management $18
Slide 6: Continues the record performance of 2017 and trajectory of recent years
….And continues the record performance of 2017 and trajectory of the last several years Twelve months ended December 31: 1 Revenue (millions) Income from continuing operations1 Double-digit revenue (millions) $33.1 growth year-over-year $29.6 $26.6 ($0.6) $21.3 ($3.4) ($3.9) ($6.4) 2014 2015 2016 20
Slide 7: Recent Highlights
Recent Highlights Completed the divestiture of Optoelectronic Solutions business to OSI Systems, Inc. On October 16, 2018, announced the acquisition of Micron Optics, a leading provider of innovative optical components and laser-based measurement technology ▪ Acquisition will accelerate growth in st
Slide 8: Disciplined capital deployment strategy leveraging flexible balance sheet
We have a disciplined capital deployment strategy to leverage our flexible balance sheet and strong cash position As of September 30, 2018, our balance sheet reflects: ▪ $73.8 Million in total assets • $47.1 Million in cash and cash equivalents • $57.5 Million in working capital A disciplined approa
Slide 9: Pro-forma Luna financials, adjusted for sale of Opto
A reminder: Pro-forma Luna financials, adjusted for sale of Opto:1 Three Months Ended ($ in 000s) 3/31/2017 6/30/2017 9/30/2017 12/31/2017 3/31/2018 6/30/2018 9/30/2018 Revenues: Technology development $ 4,236 $ 4,602 $ 4,590 $ 5,148 $ 4,637 $ 5,466 $ 5,316 Products and licensing 2,398 3,680 3,713 4
Slide 10: Why invest in Luna?
Why invest in Luna? Proprietary, measurement technology, offering unprecedented combination of resolution, accuracy and speed Customers in attractive markets: Aerospace, Automotive, Communications, Energy and Defense Positioned to take advantage of trends such as vehicle light-weighting and increasi
Slide 11: Appendix
Appendix
Slide 12: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 (unaudited) (unaudited) Net income $ 8,848,402 $ 15,757,324 $ 10,064,405 $ 14,179,576 Less income from discontinued operations, net of income taxes 7,555,626 15,562,37