Luna Innovations, Inc. · OTC:LUNA
Luna Innovations — Q2 2019 Earnings Presentation
12 slides from Luna Innovations's earnings presentation, Aug 7, 2019
Slide 1: Investor Supplemental Materials August 7, 2019
Investor Supplemental Materials August 7, 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: 2Q FY19 Results
2Q FY19 Results
Slide 4: Second-Quarter 2019 Financial Results
Second-Quarter 2019 Financial Results Raises FY19 outlook: . Total revenues of $66M to $69M; up from $60M to $65M . Adjusted EBITDA of $7.2M to $7.6M; up from $6.0M to $6.5M Strong financial performance: . Seventh consecutive quarter of year-over-year, double-digit revenue growth from continuing ope
Slide 5: Strong H1 FY19 Results in Guidance Raise
Strong H1 FY19 Results in Guidance Raise Revenue1 Adjusted EBITDA1, 2 (millions) (millions) FY19E $7.2 - $7.6 FY19E $66 - $69 Original guidance: Original $6.0M-$6.5M guidance: $60M-$65M H1: $3.3 $3.0 $42.9 H1: $33.1 $32.6 $0.3 $26.6 $29.6 ($1.0) ($2.0) FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY
Slide 6: Update on Acquisitions Integration
Update on Acquisitions Integration Rapid integration . Merged complementary products into integrated customer solutions . Migrated sales teams to common rewards systems Working as a single integrated company Micron Optics . Integration nearly complete; sales force training complete . Continued posit
Slide 7: A Flexible Balance Sheet and Strong Cash Position
A Flexible Balance Sheet and Strong Cash Position Balance sheet on June 30, 2019: . $82.2M in total assets • $23.5M in cash and cash equivalents • $39.4M in working capital Focus on working capital and reinvestment in business in order to generate long-term sustainable growth Financial Performance N
Slide 8: Pro-forma Luna Financials, Adjusted for Optoelectronics Sale and 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 June 30, Six Months Ended June 30, 2019 2018 2019 2018 (unaudited) (unaudited) Net income $ 840,292 $ 1,067,328 $ 1,966,171 $ 1,216,003 Less income from discontinued operations, net of income tax — 768,100 — 1,188,853 Net income from
Slide 12: 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, 2016 2017 2018 (unaudited) Net income $ (2,369,492) $ 14,614,905 $ 11,004,241 Less Income from disc ops 1,538,624 15,865,720 9,766,431 Net income from continuing ops (3,908,116) (1,250,815) 1,237,810 In