Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q1 2019 Earnings Presentation
13 slides from Luna Innovations's earnings presentation, May 8, 2019
Slide 1: Investor Supplemental Materials
Investor Supplemental Materials May 8, 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: 1Q FY19 Results
1Q FY19 Results
Slide 4: First-quarter 2019 Financial Results
First-quarter 2019 Financial Results Strong financial performance: . Sixth consecutive quarter of year-over-year, double-digit revenue growth from continuing operations . $1.0M improvement in Adjusted EBITDA year-over-year Total revenues of $14.8M, up 69% year-over-year: . Products and licensing rev
Slide 5: Strong Start to 2019
Strong Start to 2019 Revenue1 Adjusted EBITDA1, 2 Q1FY19 (millions) (millions) performance continues the FY19E operational and FY19E $6.0-$6.5 financial growth $60-$65 of the prior fiscal years. $3.0 $42.9 Q1: $1.0 $33.1 $0.3 1 $29.6 Based on management’s estimates $26.6 as of May. 8, 2019 of the im
Slide 6: Update on Acquisitions Integration
Update on Acquisitions Integration . Rapid integration; moved quickly to merge complementary products into integrated customer solutions; migrated sales teams to common rewards systems . Working as a single integrated company Micron Optics . Exceptionally positive customer feedback for the combinati
Slide 7: Recent Highlights
Recent Highlights Acquisition of General Photonics $6M+ purchase order for Phoenix 1000 Tunable Lasers . Received from industry-leading robotics company . Delivered over four years Recognized as 2019 Innovator of the Year . Presented by the Roanoke-Blacksburg Technology Council . Recognizes organiza
Slide 8: A Flexible Balance Sheet and Strong Cash Position
A Flexible Balance Sheet and Strong Cash Position Balance sheet on March 31, 2019: . $83.6M in total assets • $24.6M in cash and cash equivalents • $37.9M in working capital Focus on working capital and reinvestment in business in order to generate long- term sustainable growth Financial Performance
Slide 9: Pro-forma Luna Financials
Pro-forma Luna Financials, Adjusted for the sale of Optoelectronics and the Acquisitions of Micron Optics and General Photonics (in thousands) For the three months ended1 March 31, 2018 June 30, 2018 September 30, 2018 12/31/20182 3/31/20193 Revenues: Technology development $ 4,637 $ 5,466 $ 5,316 $
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: First-Quarter
Reconciliation of Net Income to Adjusted EBITDA: First-Quarter Three Months Ended March 31, 2019 2018 (unaudited) Net income $ 1,125,879 $ 148,676 Less income from discontinued operations, net of income tax — 420,754 Net income/(loss) from continuing operations 1,125,879 (272,078) Interest expense 1
Slide 13: Reconciliation of Net Income to Adjusted EBITDA: Full Fiscal Year
Reconciliation of Net Income to Adjusted EBITDA: Full Fiscal Year For the year ended December 31, 2015 2016 2017 2018 (Unaudited) Net income $ 2,317,026 $ (2,369,492) $ 14,614,905 $ 11,004,241 Less Income from disc ops 8,718,103 1,538,624 15,865,720 9,766,431 Net income from continuing ops (6,401,07