Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q3 2019 Earnings Presentation
12 slides from Luna Innovations's earnings presentation, Nov 5, 2019
Slide 1: Third-Quarter Fiscal 2019 Earnings Investor Supplemental Materials
Third-Quarter Fiscal 2019 Earnings Investor Supplemental Materials November 5, 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: 3Q FY19 Results
3Q FY19 Results
Slide 4: Third-quarter 2019: Financial Results
Third-quarter 2019: Financial Results Raising FY19 outlook: . Total revenues of $69M to $70M, up from $66M to $69M . Adjusted EBITDA of $8.2M to $8.6M, up from $7.2M to $7.6M Strong financial performance: . Eighth consecutive quarter of year-over-year, double-digit revenue growth from continuing ope
Slide 5: Other Recent Accomplishments
Other Recent Accomplishments Initiated and fully executed $2 million stock buyback program Simplified capital structure: . Converted 1.3 million shares of Series A convertible preferred stock owned by Carilion Clinic into common stock – 1 for 1 . Ceased accrual of preferred dividends as of September
Slide 6: Strong Financial Results
Strong Financial Results Revenue1 Adjusted EBITDA1, 2 (millions) (millions) FY19E FY19E $8.2 - $8.6 $69 - $70 Previous Previous guidance: guidance: $7.2M-$7.6M 9 Mos. 9 Mos. $66M-$69M $6.2 $51.0 $42.9 $3.0 $33.1 $29.6 $26.6 $0.3 ($1.0) ($2.0) FY15 FY16 FY17 FY18 YTD FY19 FY15 FY16 FY17 FY18 YTD FY19
Slide 7: A Flexible Balance Sheet and Strong Cash Position
A Flexible Balance Sheet and Strong Cash Position Balance sheet on September 30, 2019: . $82.9M in total assets • $21.4M in cash and cash equivalents • $39.2M in working capital Continued focus on working capital and reinvestment in business in order to generate long-term sustainable growth NASDAQ:
Slide 8: Pro-forma Luna Financials, Adjusted for the sale of Optoelectronics and the Acquisitions
Pro-forma Luna Financials, Adjusted for the sale of Optoelectronics and the Acquisitions of Micron Optics and General Photonics 1 Unaudited pro forma financials assumes the Optoelectronics business was sold and the Micron Optics and General Photonics businesses were acquired on January 1, 2018. 2 In
Slide 9: 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 10: Appendix
Appendix
Slide 11: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (unaudited) (unaudited) Net income $ 1,230,252 $ 8,848,402 $ 3,196,422 $ 10,064,405 Less income from discontinued operations, net of income tax — 7,555,626 — 8,704,246
Slide 12: Reconciliation of Net Income to Adjusted EBITDA: Full Fiscal Year
Reconciliation of Net Income to Adjusted EBITDA: Full Fiscal Year (1) Non-recurring charges include the following: 2017) CEO separation costs and other share-based compensation; and 2018) Transaction-related expenses associated with the acquisition of Micron Optics, Inc. NASDAQ: LUNA Luna Innovation