Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — FY2018 Earnings Presentation
13 slides from Luna Innovations's earnings presentation, Mar 4, 2019
Slide 1: Investor Supplemental Materials
Exhibit 99.2 Investor Supplemental Materials March 4, 2019
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: Fiscal 2018 Highlights
Fiscal 2018 Highlights Exceptional year of strategic and operational execution Robust financial performance ▪ Five consecutive quarters of double-digit revenue growth ▪ Significant improvement in net income from continuing ops vs. a loss in FY17 Continued disciplined, strategic M&A to realign and re
Slide 4: 4Q and FY 2018 Results
4Q and FY 2018 Results
Slide 5: Fourth-quarter 2018 Financial Results
Fourth-quarter 2018 Financial Results We delivered strong financial performance this quarter: ▪ Fifth 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 vs. p
Slide 6: Full-year 2018 Financial Results
Full-year 2018 Financial Results Strong, consistent top- and bottom-line growth throughout the year Entering 2019 with momentum Total revenues of $42.9M FY18, up 30% vs FY17 Disciplined expense management aided incremental revenue contribution to profit ▪ Gross profit up 45% year-over-year ▪ Operati
Slide 7: Strong Trajectory of Growth with Momentum Going into 2019
Strong Trajectory of Growth with Momentum Going into 2019 Twelve months ended December 31: 1 Revenue (millions) Income from continuing operations Double-digit (millions) revenue growth $1.2 year-over-year $42.9 $33.1 $29.6 $26.6 ($1.3) $21.3 ($3.4) ($3.9) ($6.4) 2014 2015 2016 2017 2018 2014 2015 20
Slide 8: Acquisition of General Photonics
Acquisition of General Photonics ▪ Today, announced the acquisition of General Photonics, a leader in characterization and control of light for photonics applications ▪ Will accelerate growth in Luna’s communications test segments ▪ Based in Chino, CA; formed in 1995; approximately 60 employees; app
Slide 9: A Disciplined Capital Deployment Strategy to Leverage Our Flexible Balance Sheet
A Disciplined Capital Deployment Strategy to Leverage Our Flexible Balance Sheet and Strong Cash Position As of December 31, 2018, our balance sheet reflects: ▪ $75.6M in total assets • $42.5M in cash and cash equivalents • $56.1M in working capital A disciplined approach to capital deployment, with
Slide 10: A Reminder: Pro-forma Luna Financials
A Reminder: Pro-forma Luna Financials, Adjusted for the sale of Opto Electronics and the Acquisition of Micron Optics1 (in thousands) For the three months ended March 31, 2018 June 30, 2018 September 30, 2018 December 31, 2018 Revenues: Technology development $ 4,637 $ 5,466 $ 5,316 $ 5,548 Products
Slide 11: 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 12: Appendix
Appendix
Slide 13: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three months ended Year ended December 31, December 31, 2018 2017 2018 2017 (unaudited) (unaudited) Net income $ 939,836 435,329 $ 11,004,241 $ 14,614,905 Less income from discontinued operations, net of income taxes 1,062,186 434,783 9,766,431 15,865,