UNITED STATES
证券交易委员会
Washington, DC 20549
形成
8-K
CURRENT REPORT
根据第13或15节（d）
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 6, 2020
(Exact name of registrant as specified in its charter)
(Address of principal executive offices, including zip code)
（注册人的电话号码，包括区号）
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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根据“证券法”规则425的书面沟通（17 CFR 230.425） | ||||
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根据“交流法”规则14A-12征求材料（17 CFR 240.14A-12） | ||||
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| 每个班级的标题 | 交易符号 | 每台汇率的名称注册 | ||||||
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通过Check标志表明注册人是1933年“证券法”（本章第230.405章）或1934年证券交易所第12B-2条规定的新兴增长公司（第230.405章）（§240.12b-2章节）。
新兴成长公司
☐
如果一个新兴的增长公司，如果注册人选择不使用遵守“交流法”第13（a）条规定的任何新的或订正的财务会计准则，则通过复选标志表示不使用延长的过渡期。☐
| 第2.02项。 | 运营和财务状况 | ||||
On
August 6, 2020 ，Luna Innovations（“公司”）发布了一份新闻稿，宣布截至2020年6月30日止及六个月的财务业绩，以及有关讨论这些财务业绩的会议和该公司最近的公司亮点和公司亮点的信息外表。新闻稿的副本作为表现为99.1的展示99.1。
另外，在
August 6, 2020 , the Company is posting an updated slide presentation on its corporate website and will be using the presentation in connection with the conference call discussed above. A copy of the presentation is furnished herewith as Exhibit 99.2 to this Current Report on Form 8-K.
The information in this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
| Item 9.01. | Financial Statements and Exhibits | ||||
（d）
展品。
| Exhibit | Description | |||||||
| 99.1. | ||||||||
| 99.2 | ||||||||
签收
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Luna Innovations Inclated. | ||||||||
| 通过： | /s/ Scott A. Graeff | |||||||
| Scott A. Graeff 总裁兼首席执行官 |
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Date:
August 6, 2020
Exhibit 99.1
Luna Innovations Reports Solid Second-Quarter 2020 Results
Maintains 2020 Outlook
强调
•
Total revenues of $18.6 million for the three months ended June 30, 2020, up 4% compared to the three months ended June 30, 2019
•
Operating income and margin of $1.8 million and 10% of total revenues, for the three months ended June 30, 2020 versus operating income and margin of $1.0 million and 6% of total revenues, for the three months ended June 30, 2019
•
Net income of $1.4 million, or $0.04 per fully diluted share, for the three months ended June 30, 2020, compared to $0.8 million, or $0.02 per fully diluted share, for the three months ended June 30, 2019
•
截至2020年6月30日止三个月的调整后的EBITDA增加到300万美元，而截至2019年6月30日止三个月，截至2019年6月30日的240万美元
•
Company maintains 2020 outlook, tightens revenue range to $81M to $83M
(ROANOKE, VA, August 6, 2020)
- Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced its financial results for the
截至2020年6月30日止三年和六个月
。在2020年的第二季度，该公司改变了其可报告细分市场，以与管理点评和评估业务的方式保持一致。这两个新的可报告段是Lightwave和Luna Labs。
"Given the current environment, I’m extremely pleased with our second-quarter 2020 results and the team’s focus on delivering this quarter,” said Scott Graeff, President and Chief Executive Officer of Luna. “Like other companies, we experienced the effects of the COVID-19 pandemic during Q2 and now have a better perspective on what its impact may be in the future. I strongly believe that the swift and decisive action we took as a management team in mid-March helped to safeguard the long-term potential of our businesses. The entire Luna team continues to be incredibly flexible to address the changing dynamics of the current environment. Above all, their safety is paramount. As we learn more about the potential impact of this virus on our business and our employee safety, we continue to improve upon the mitigating processes we put into place in Q1."
第二季度财政2020财务总结
Financial results for the three months ended June 30, 2020 marked the 11th consecutive quarter of year-on-year revenue and Adjusted EBITDA growth.
强调of the financial results for the second-quarter of 2020 are:
| 截至6月30日止三个月， | ||||||||||||||||||||||||||
| (in thousands, except share and per share data) | 2020. | 2019年 | Change | |||||||||||||||||||||||
| 收入： | ||||||||||||||||||||||||||
| Lightwave | $ | 12,933 | $ | 12,523 | 3 | % | ||||||||||||||||||||
| Luna Labs | 5,643 | 5,291 | 7 | % | ||||||||||||||||||||||
| Total revenues | 18,576 | 17,814 | 4 | % | ||||||||||||||||||||||
| 毛利 | 9,517 | 8,752 | 9 | % | ||||||||||||||||||||||
| Gross margin | 51. | % | 49. | % | ||||||||||||||||||||||
| Operating expense | 7,707 | 7,738 | — | % | ||||||||||||||||||||||
| Operating income | 1,810 | 1,014 | 79. | % | ||||||||||||||||||||||
| Operating margin | 10 | % | 6 | % | ||||||||||||||||||||||
| Other expense and income taxes | （441） | （174） | 153. | % | ||||||||||||||||||||||
| Net income | $ | 1,369 | $ | 840 | 63. | % | ||||||||||||||||||||
| Diluted weighted average shares outstanding | 32.,466,122 | 33,650,790 | ||||||||||||||||||||||||
| Net income per share (diluted) | $ | 0.04 | $ | 0.02 | 100 | % | ||||||||||||||||||||
| Adjusted EBITDA | $ | 2,955 | $ | 2,396 | 23. | % | ||||||||||||||||||||
和解的调整后息税前利润净收益can be found in the schedules included in this release.
Lightwave revenues for the three months ended June 30, 2020 increased compared to the prior year period, due primarily to increased revenues from our sensing business. Luna Labs revenue increased for the three months ended June 30, 2020, compared to the prior-year period, due to growth in various government research programs.
营业收入和利润率提高到180万美元，占总收入的10％
截至2020年6月30日止三个月，
相比之下，占总收入的120万美元和6％
截至2019年6月30日止三个月
。营业收入的增加primarily due to Lightwave's increased gross profit. There were no significant changes in operating expenses for the
截至2020年6月30日止三个月，
compared to the
截至2019年6月30日止三个月
。
Net income was $1.4 million, or $0.04 per fully diluted share, for the three months ended June 30, 2020, compared to $0.8 million, or $0.02 per fully diluted share, for the three months ended June 30, 2019. Net income attributable to common stockholders for the three months ended June 30, 2020, was $1.4 million, or $0.04 per fully diluted share, compared to $0.8 million, or $0.02 per fully diluted share, for the three months ended June 30, 2019. The increase in both net income from continuing operations and net income attributable to common stockholders is primarily due to Lightwave's additional gross profit and operating expense leverage.
Adjusted EBITDA was $3.0 million for the three months ended June 30, 2020, compared to $2.4 million for the three months ended June 30, 2019. The increase was driven by revenue growth from both Luna’s legacy business, increased gross profit, and operating expense leverage.
六个月到日期财政2020财务总结
The results for the
截至2020年6月30日止六个月
include six months of the business of General Photonics Corporation ("GP"), acquired in March 2019, compared to four months for the
前一年
。
强调of the financial results for the six months ended June 30, 2020 are:
| Six Months Ended June 30, | ||||||||||||||||||||||||||
| (in thousands, except share and per share data) | 2020. | 2019年 | Change | |||||||||||||||||||||||
| 收入： | ||||||||||||||||||||||||||
| Lightwave | $ | 24,487 | $ | 22,041 | 11 | % | ||||||||||||||||||||
| Luna Labs | 11,230 | 10,606 | 6 | % | ||||||||||||||||||||||
| Total revenues | 35,717 | 32.,647 | 9 | % | ||||||||||||||||||||||
| 毛利 | 17,881 | 15.,520 | 15. | % | ||||||||||||||||||||||
| Gross margin | 50. | % | 48. | % | ||||||||||||||||||||||
| Operating expense | 15,681 | 15.,422 | 2 | % | ||||||||||||||||||||||
| Operating income | 2,200 | 98 | 2,145 | % | ||||||||||||||||||||||
| Operating margin | 6 | % | 0 | % | ||||||||||||||||||||||
| 其他（费用）/收入和所得税 | (511) | 1,869 | ||||||||||||||||||||||||
| 持续行动净收入 | $ | 1,689 | $ | 1,967 | （14） | % | ||||||||||||||||||||
|
已停产业务损失，464美元的所得税净税
|
（1,436） | — | ||||||||||||||||||||||||
| Net income | 253. | 1,967 | (87) | % | ||||||||||||||||||||||
| Diluted weighted average shares outstanding | 32,494,950 | 33,588,951 | ||||||||||||||||||||||||
| Net income per share from continuing operations (diluted) | $ | 0.05 | $ | 0.06 | (17) | % | ||||||||||||||||||||
| Adjusted EBITDA | $ | 4,535 | $ | 3,335 | 36. | % | ||||||||||||||||||||
截至6月30日止六个月的Lightwave收入，2020年与前一年增加增加，因为纳入与GP的收购行动有关的增量收入，以及与我们的传感业务相关的收入增加。由于各种政府研究计划的增长，Luna Labs收入增加了2020年6月30日止六个月，而截至2020年6月30日止六个月。
截至2019年6月30日止六个月的六个月，截至2019年6月30日止六个月，截至2020年6月30日止六个月，持续六个月，营业收入和余量占总收入的60万美元，占总收入的0.1百万美元和0％。营业收入增加主要是由于GP的收购运营的增长增加，并运行费用杠杆的增长。
mil来自持续经营业务的净利润为1.7美元lion, or $0.05 per fully diluted share, for the six months ended June 30, 2020, compared to $2.0 million, or $0.06 per fully diluted share, for the six months ended June 30, 2019, which included a $1.9 million income tax benefit related to a reduction in deferred tax asset valuation allowances due to the GP acquisition. Net income attributable to common stockholders for the six months ended June 30, 2020,
was $0.3 million, or $0.01 per fully diluted share, compared to $1.8 million, or $0.05 per fully diluted share, for the six months ended June 30, 2019. The decrease in net income attributable to common stockholders is primarily due to a $1.9 million income tax benefit related to a reduction in deferred tax asset valuation allowances due to the GP acquisition that was recorded in the prior period, a $1.4 million loss from discontinued operations and the increase in our operating income for the six months ended June 30, 2020. The loss from discontinued operations was attributable to the resolution of a $2.5 million indemnification claim related to the August 2017 sale of Luna's high-speed optical receivers (HSOR) business that was recorded in the first quarter of 2020. The resolution of the HSOR claim resulted in Luna receiving $0.6 million from escrow and the buyer receiving $1.9 million, net of a tax benefit of $0.5 million.
2020全年前景
Luna recognizes that the COVID-19 pandemic has created evolving and significant macroeconomic uncertainty. Based on a bottoms-up analysis, Luna is slightly tightening its revenue outlook range to $83 million. Incorporating this slight adjustment, the Company reiterates the outlook it provided on May 7, 2020, which projected revenues at the lower end of the range:
•
总收入为8100万美元至8300万美元
•
调整后10米至1200万美元的EBITDA
COVID-19 Update
卢娜继续运行在其正常的能力ith the well-being and safety of its workforce a priority. Luna and has not experienced any material impacts related to COVID-19.
Luna has a strong cash position and adequate access to capital. Cash and cash equivalents were $26.5 million as of June 30, 2020, and Luna continues to have access to its $10 million revolving credit facility.
The company believes it is in a strong position to take advantage of trends such as 5G, lightweighting and infrastructure monitoring and that these trends will continue during and after the COVID-19 pandemic.
Luna的业务是必不可少的，并继续以正常的能力运行，必要的Covid-19预防措施。该公司对其供应链没有任何物质中断，即它无法减轻它。
Luna销售努力的重要组成部分是通过一系列展览和会议历史上历史上完成的，这些贸易商目前无法进行。Luna在许多情况下成功转移到强大的在线存在，在许多情况下，Luna销售队及其客户之间的参与，允许Luna在更长且更专用的客户“面对时间”中策划特定信息。然而，在历史上，在历史上有助于关闭销售。这在Luna预测结束某些客户合同和收到采购订单的确切时间来创造了略有挑战。由于Luna的创新，可靠的产品及其产品bob软件苹果怎么下载
close customer relationships, the lack of in-person discussions has not, to date, had an effect on the likelihood of obtaining the orders themselves.
Non-GAAP Financial Measures
在评估其业务的经营业绩时，Luna的管理层考虑调整后的EBITDA，该eBITDA不包括GAAP所需的某些费用和信用。调整后的EBITDA通过排除某些非现金费用的效果和LUNA认为可能不表明其经营业绩的物品，为管理和投资者提供有用的信息，因为它们是不寻常的，LUNA并不期望他们在普通中复发其业务课程，或者他们与日常业务的持续运作无关。除了按照GAAP准备的结果，还应考虑调整后的EBITDA，但不应被视为替代或优于GAAP结果。调整后的EBITDA在本新闻稿所附的财务报表后，已与账户中最近的GAAP措施进行了调整。
Conference Call Information
As previously announced, Luna will conduct an investor conference call at 5:00 pm (ET) today to discuss its financial results for the
截至2020年6月30日止三年和六个月
。投资者电话会议将通过Luna网站www.www.lmz-yz.com在标签“投资者关系”下的Luna网站上提供。要通过电话参加，国内拨入号码为844.578.9643，国际拨入号码为270.823.1522。参与者访问代码是8888351.建议投资者在呼叫登记前至少五分钟拨打。在电话会议后30天，网络广播将在公司网站上存档在“网络广播和演示文稿”下。
About Luna
Luna Innovations Incorporated（www.www.lmz-yz.com）是光学技术的领导者，可为高性能，光纤，测试产品提供独特的能力，为航空航天和汽车行业的电信行业和分布式光纤的传感。bobapp综合体育下载bobapp综合体育下载bob软件苹果怎么下载LUNA组织成两个业务部门，密切合作，将想法转化为产品：LightWave段和Luna实验室段。bob软件苹果怎么下载Luna的商业模式旨在加速将新的创新技术推向市场的过程。
前瞻性陈述
The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include Luna's expectations regarding its projected 2020 financial results and outlook, the strength and improvement in capital structure and the solidity of its balance sheet and cash flows, the potential impacts of the COVID-19 pandemic on its business, operations and financial results, and growth potential.
Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and/or achievements of Luna may differ materially from the future results, performance, and/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, without limitation, failure of demand for Luna's products and services to meet expectations, failure of target market to grow and expand, technological and strategic challenges, uncertainties related to the ultimate impact of the COVID-19 pandemic and those risks and uncertainties set forth in Luna’s Form 10-Q for the three and six months ended June 30, 2020, and Luna's other periodic reports and filings with the Securities and Exchange Commission ("SEC"). Such filings are available on the SEC’s website at www.sec.gov and on Luna’s website at www.www.lmz-yz.com. The statements made in this release are based on information available to Luna as of the date of this release and Luna undertakes no obligation to update any of the forward-looking statements after the date of this release.
Investor Contact
:
Allison Woody
Phone: 540-769-8465
Email: IR@www.lmz-yz.com
Luna Innovations Inclated.
Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share data)
| 截至6月30日止三个月， | Six Months Ended June 30, | |||||||||||||||||||||||||
| 2020. | 2019年 | 2020. | 2019年 | |||||||||||||||||||||||
| 收入： | ||||||||||||||||||||||||||
| Lightwave | $ | 12,933 | $ | 12,523 | $ | 24,487 | $ | 22,041 | ||||||||||||||||||
| Luna Labs | 5,643 | 5,291 | 11,230 | 10,606 | ||||||||||||||||||||||
| Total revenues | 18,576 | 17,814 | 35,717 | 32.,647 | ||||||||||||||||||||||
| Cost of revenues: | ||||||||||||||||||||||||||
| Lightwave | 5,181 | 5,334 | 10,066 | 9,613 | ||||||||||||||||||||||
| Luna Labs | 3,878 | 3,728 | 7,770. | 7,514 | ||||||||||||||||||||||
| Total cost of revenues | 9,059 | 9,062 | 17,836 | 17,127 | ||||||||||||||||||||||
| 毛利 | 9,517 | 8,752 | 17,881 | 15.,520 | ||||||||||||||||||||||
| Operating expense: | ||||||||||||||||||||||||||
| Selling, general and administrative | 6,202 | 6,003 | 12,579 | 12,229 | ||||||||||||||||||||||
| Research, development and engineering | 1,505 | 1,735 | 3,102 | 3,193 | ||||||||||||||||||||||
| 总运营费用 | 7,707 | 7,738 | 15,681 | 15.,422 | ||||||||||||||||||||||
| Operating income | 1,810 | 1,014 | 2,200 | 98 | ||||||||||||||||||||||
| Other income/(expense): | ||||||||||||||||||||||||||
| 投资收益 | 4 | 77. | 64. | 268. | ||||||||||||||||||||||
| 其他（费用）/收入 | (4) | (3) | 5 | (4) | ||||||||||||||||||||||
| Interest expense | (1) | — | (1) | （13） | ||||||||||||||||||||||
| Total other (expense)/income | (1) | 74. | 68. | 251. | ||||||||||||||||||||||
| Income from continuing operations before income taxes | 1,809 | 1,088 | 2,268 | 349 | ||||||||||||||||||||||
| Income tax expense/(benefit) | 44.0 | 247. | 579 | (1,618) | ||||||||||||||||||||||
| 持续行动净收入 | 1,369 | 841. | 1,689 | 1,967 | ||||||||||||||||||||||
|
已停产业务损失，464美元的所得税净税
|
— | — | （1,436） | — | ||||||||||||||||||||||
| Net income | 1,369 | 841. | 253. | 1,967 | ||||||||||||||||||||||
| Preferred stock dividend | — | 90 | — | 173. | ||||||||||||||||||||||
| 符合普通股东的净收入 | $ | 1,369 | $ | 751. | $ | 253. | $ | 1,794 | ||||||||||||||||||
| Net income per share from continuing operations: | ||||||||||||||||||||||||||
| Basic | $ | 0.04 | $ | 0.03 | $ | 0.06 | $ | 0.07 | ||||||||||||||||||
| Diluted | $ | 0.04 | $ | 0.02 | $ | 0.05 | $ | 0.06 | ||||||||||||||||||
| Net loss per share from discontinued operations: | ||||||||||||||||||||||||||
| Basic | $ | — | $ | — | $ | （0.05） | $ | — | ||||||||||||||||||
| Diluted | $ | — | $ | — | $ | （0.04） | $ | — | ||||||||||||||||||
| Net income per share attributable to common stockholders: | ||||||||||||||||||||||||||
| Basic | $ | 0.04 | $ | 0.03 | $ | 0.01 | $ | 0.06 | ||||||||||||||||||
| Diluted | $ | 0.04 | $ | 0.02 | $ | 0.01 | $ | 0.05 | ||||||||||||||||||
| 加权平均股票： | ||||||||||||||||||||||||||
| Basic | 30,589,249 | 28,246,840 | 30,484,797 | 28,143,534 | ||||||||||||||||||||||
| Diluted | 32.,466,122 | 33,650,790 | 32,494,950 | 33,588,951 | ||||||||||||||||||||||
Luna Innovations Inclated.
Consolidated Balance Sheets
（成千上万，除分享数据除外）
| 2020年6月30日 | December 31, 2019 | ||||||||||
| (unaudited) | |||||||||||
| 资产 | |||||||||||
| Current assets: | |||||||||||
| 现金及现金等价物 | $ | 26,506 | $ | 25,006 | |||||||
| 应收账款，网络 | 16,435 | 16,269 | |||||||||
| Receivable from sale of HSOR business | — | 2,501 | |||||||||
| 合同资产 | 3,220 | 2,759 | |||||||||
| 库存 | 11,231 | 10,294 | |||||||||
| 预付费用和其他当前资产 | 1,691 | 1,287 | |||||||||
| 流动资产总额 | 59,083 | 58,116 | |||||||||
| Long-term contract assets | 496. | 44.9 | |||||||||
| Property and equipment, net | 3,078 | 3,466 | |||||||||
| Intangible assets, net | 9,544 | 10,194 | |||||||||
| Goodwill | 10,542 | 10,542 | |||||||||
| Other assets | 7,053 | 2,341 | |||||||||
| 递延税收资产 | 1,426 | 1,416 | |||||||||
| Total assets | $ | 91,222 | $ | 86,524 | |||||||
| Liabilities and stockholders’ equity | |||||||||||
| Liabilities: | |||||||||||
| 流动负债： | |||||||||||
| 应付账款 | 2,763 | 2,787 | |||||||||
| 预计负债 | 8,150 | 10,369 | |||||||||
| 合同负债 | 3,368 | 3,888 | |||||||||
| 总流动负债 | 14,281 | 17,044 | |||||||||
| 其他长期负债 | 7,140 | 2,011 | |||||||||
| Total liabilities | 21,421 | 19,055 | |||||||||
| 承诺和违规行为（注13） | |||||||||||
| Stockholders’ equity: | |||||||||||
|
Common stock, par value $0.001, 100,000,000 shares authorized, 32,470,276 and 31,788,896 shares issued, 30,797,535 and 30,149,105 shares outstanding at June 30, 2020 and December 31, 2019, respectively
|
32. | 32. | |||||||||
|
在2019年6月30日，2019年6月30日的成本，1,672,741和1,639,791股股份
|
（4,541） | （4,337） | |||||||||
| 资本的额外支付 | 90,305 | 88,022 | |||||||||
| Accumulated deficit | (15,995) | (16,248) | |||||||||
| 总股等权益 | 69,801 | 67,469 | |||||||||
| 总负债和股东权益 | $ | 91,222 | $ | 86,524 | |||||||
Luna Innovations Inclated.
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Six Months Ended June 30, | |||||||||||
| 2020. | 2019年 | ||||||||||
| 经营活动提供的现金流量 | |||||||||||
| Net income | $ | 253. | $ | 1,967 | |||||||
| 调整营业活动提供的净收入净收入的调整 | |||||||||||
| 折旧和摊销 | 1,363 | 1,166 | |||||||||
| 股份赔偿 | 843. | 721. | |||||||||
| Bad debt expense | （26） | — | |||||||||
| 处置固定资产的损失 | 4 | — | |||||||||
| 已停产运营的损失，税收 | 1,436 | — | |||||||||
| Deferred taxes | （10） | — | |||||||||
| Change in assets and liabilities | |||||||||||
| Accounts receivable | （139） | 713 | |||||||||
| 合同资产 | （508） | (721) | |||||||||
| 库存 | (937) | (161) | |||||||||
| Other current assets | (404) | (18) | |||||||||
| 应付账款and accrued expenses | (1,286) | (2,314) | |||||||||
| 合同负债 | (520) | (235) | |||||||||
| 经营活动提供的净现金 | 69. | 1,118 | |||||||||
| Cash flows provided by/(used in) investing activities | |||||||||||
| Acquisition of property and equipment | （111） | (406) | |||||||||
| Intangible property costs | （192） | （137） | |||||||||
| 收购一般光子学公司 | — | (19,004) | |||||||||
| Proceeds from sale of property and equipment | 1 | — | |||||||||
| Proceeds from sale of discontinued operations | 600 | — | |||||||||
| 按/（用于）投资活动提供的净现金 | 298 | （19,547） | |||||||||
| Cash flows provided by/(used in) financing activities | |||||||||||
| 财务租赁义务的付款 | （26） | （15） | |||||||||
| 支付债务义务 | — | (625) | |||||||||
| Repurchase of common stock | (204) | （220） | |||||||||
| Proceeds from the exercise of options and warrants | 1,363 | 367. | |||||||||
| 由/（用于）融资活动提供的净现金 | 1,133 | (493) | |||||||||
| Net increase/(decrease) in cash and cash equivalents | 1,500 | (18,922) | |||||||||
| 现金及现金等价物-beginning of period | 25,006 | 42,460 | |||||||||
| 现金及现金等价物-end of period | $ | 26,506 | $ | 23.,538 | |||||||
Luna Innovations Inclated.
净收入与EBITDA和调整后EBITDA（未经审计）的和解
(in thousands)
| 截至6月30日止三个月， | Six Months Ended June 30, | ||||||||||||||||||||||
| 2020. | 2019年 | 2020. | 2019年 | ||||||||||||||||||||
| Net income | $ | 1,369 | $ | 841. | $ | 253. | $ | 1,967 | |||||||||||||||
| 已停产运营的损失，税收 | — | — | （1,436） | — | |||||||||||||||||||
| 持续行动净收入 | 1,369 | 841. | 1,689 | 1,967 | |||||||||||||||||||
| Interest expense | 1 | — | 1 | 13. | |||||||||||||||||||
| 投资收益 | (4) | (77) | (64) | (268) | |||||||||||||||||||
| Income tax expense/(benefit) | 44.0 | 247. | 579 | (1,618) | |||||||||||||||||||
| 折旧和摊销 | 68.4 | 653. | 1,363 | 1,166 | |||||||||||||||||||
| EBITDA | 2,490 | 1,664 | 3,568 | 1,260 | |||||||||||||||||||
| 股份赔偿 | 465 | 378. | 967. | 721. | |||||||||||||||||||
| 非经常性收费（1） | — | 44. | — | 942 | |||||||||||||||||||
| Amortization of inventory step-up | — | 310 | — | 412. | |||||||||||||||||||
| Adjusted EBITDA | $ | 2,955 | $ | 2,396 | $ | 4,535 | $ | 3,335 | |||||||||||||||
(1) Non-recurring charges consist of transaction-related expenses incurred during the three and
截至2019年6月30日止六个月
与收购一般光子学相关有关。
###
Second-quarter Fiscal 2020 Earnings Investor Supplemental Materials August 6, 2020
1995年私营证券诉讼改革法案下的安全港安全港声明本文包括根据安全港规定1995年私营证券诉讼改革法案的“前瞻性陈述”构成“前瞻性陈述”的信息涉及风险和不确定性。这些陈述包括本公司对公司未来财务业绩的预期，包括2020年的指导，以及其产品的潜在需求，公司的增长潜力，资产负债表和资本化以及资本的进入，其技术优势，潜在的潜在影响。bob软件苹果怎么下载-19关于其业务，运营和财务业绩的大流行，其战略地位和市场趋势。管理人员注意到这些前瞻性陈述的读者只有预测，并且受到许多已知和未知的风险和不确定性，以及公司的实际结果，性能和/或成就可能与未来的结果，性能有所不同由于许多因素，这些前瞻性陈述表达或暗示的和/或成就。These factors include, without limitation, failure of demand for the company’s products and services to meet expectations, failure of target markets to grow and expand, technological and strategic challenges, uncertainties related to the ultimate impact of the COVID-19 pandemic and those risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission ("SEC"). Such filings are available on the SEC’s website at www.sec.gov and on the company’s website at www.www.lmz-yz.com. The statements made in this presentation are based on information available to Luna as of the date of this presentation, August 6, 2020, and Luna undertakes no obligation to update any of the forward-looking statements after the date of this presentation, except as required by law. Adjusted Financial Measures In addition to U.S. GAAP financial information, this presentation includes Adjusted EBITDA, a non-GAAP financial measure. This non-GAAP financial measure is in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation of Adjusted EBITDA to Net Income is included in the appendix to this presentation. NASDAQ: LUNA Luna Innovations Incorporated© 2020
2Q FY20 Results
Second-quarter 2020: Key Financial Results Solid financial performance: . $0.6M improvement in Adjusted EBITDA1 year-over-year Total revenues of $18.6M; up 4% year-over-year: . Lightwave revenue of $12.9M; up 3% year-over-year . Luna Labs revenue of $5.6M; up 7% year-over-year Operating income improved to $1.8M, or 10% of total revenues, in Q2 2020 from $1.0M, or 6% of total revenues, in Q2 2019 due to increased revenue and gross profit as well as improved operating expense leverage Net income of $1.4M, or $0.04 per fully diluted share, for the three months ended June 30, 2020, compared to $0.8M, or $0.02 per fully diluted share, for the three months ended June 30, 2019 Adjusted EBITDA1 increased to $3.0M for the three months ended June 30, 2020, compared to $2.4M for the three months ended June 30, 2019 Reaffirmed 2020 outlook, tighten range to $81 to $83M in total revenues 1Adj EBITDA is a non-GAAP measure. Reconciliation of comparable GAAP measures to non-GAAP measures are included in the appendix to this presentation. NASDAQ: LUNA Luna Innovations Incorporated© 2020
2020年第二季度和最近的成就报告了固体第二季度2020年度财政成果挑战性的Covid环境举行了6名客户面向客户的技术教育网络研讨会：〜1000名现场与会者，超过1,200个领导者举办全球虚拟销售与47名与会者参加虚拟贸易表演继续监测员工反馈，重点关注安全和幸福的员工股票购买计划，大约60％的参与举行成功的虚拟年度股东大会纳斯达克：Luna Luna Innonlations纳入2020
Strong Financial Results Revenue1 Adjusted EBITDA1, 2 (millions) (millions) FY20 Guidance FY20 Guidance $10.0 to $12.0 $81.0 - $83.0 $9.5 $70.5 $42.9 $3.1 $4.5 $33.1 $29.6 $35.7 $0.3 ($2.0) FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 1 Based on management’s estimates of the impact from the divestiture of Optoelectronics. Includes the acquisitions of Micron Optics and General Photonics. 2Adj EBITDA is a non-GAAP measure. Reconciliation of comparable GAAP measures to non-GAAP measures are included in the appendix to this presentation. NASDAQ: LUNA Luna Innovations Incorporated© 2020
2020年6月30日的灵活资产负债表和强大的现金职位强力资产负债表：。总资产91.2亿美元•现金及现金等价物2650万美元•营运资本支出44.8亿美元，循环信贷设施，如果需要继续关注营运资金和再投资，以产生长期可持续增长纳斯达克：LUNALuna Innovations纳入2020
COVID-19 Business Update In mid-March, took immediate action to create a safer work environment; many actions remain in effect, new initiatives added: . Communicate openly and frequently with employees regarding benefits, resources, COVID-19 government information . Broad use of videoconferencing, including get-togethers and frequent CEO communication No staff reduction to date; none anticipated Continued focus on building sales pipeline and interacting with customers through frequent videoconferencing calls, virtual sales conference, tradeshows and Luna-hosted product education webinars Strong cash position; adequate access to capital Well positioned to take advantage of continued strong trends in 5G, lightweighting and infrastructure monitoring Continue to be as transparent as possible through pandemic and to keep stakeholders apprised, publicly, of significant operation and financial shifts NASDAQ: LUNA Luna Innovations Incorporated© 2020
2020财政前景维护FY2020 Outlook，收紧我们的范围：。总收入为8100万美元至8300万美元。调整后的EBITDA1为1000万至1200万美元的1 adj EBITDA是一种非GAAP测量。可比较GAAP对非GAAP措施的衡量标准的对帐包括在本演示文稿附录中。上面的前景不包括任何未来的收购，剥夺或意外事件。纳斯达克：Luna Luna Innovations Insclated©2020
Luna – Enabling the Future with Fiber Proprietary, measurement technology, offering unprecedented combination of resolution, accuracy and speed Customers in attractive markets: Military and Defense, Communications, Infrastructure, Energy, and Automotive Positioned to take advantage of trends such as vehicle lightweighting and increasing demands on data centers and broadband capacity Adequately capitalized to fund growth Long-tenured, experienced executive team / board Corporate culture of innovation and integrity Overview NASDAQ: LUNA Luna Innovations Incorporated© 2020
Appendix
净收入对调整EBITDA的和解三个月截至截至6月30日止六个月，截至6月30日，2019年6月30日2019年2019年（未经审计）（未经审计）（未经审计）和解EBITDA和调整后的EBITDA净收入$ 1,369 $ 841 $ 253 $ 1,967从已停产运营中亏损，464 - 1,436美元的所得税福利净额 - 持续运营净收入1,369 841 1,689 1,967利息费用1 - 1 13投资收益（4）（77）（268）所得税费用/（福利）441 247 579（1,618）折旧和摊销684 653 1,363 1,166 EBITDA 2,490 1,664 3,568 1,260股份补偿465 378 967 721非经常性收费（1） - 44 - 942摊销库存升高 - 310-412 - 调整的EBITDAUS $ 2,955 $ 2,396 $ 4,535 $ 3,335（1）非经常性费用由与收购通用光子学相关的交易相关的费用组成。纳斯达克：Luna Luna Innovations Insclated©2020
Reconciliation of Net Income to Adjusted EBITDA: Full Year (1) Non-recurring charges include the following: 2017) CEO separation costs and other share-based compensation; 2018) Transaction-related expenses associated with the acquisition of Micron Optics, Inc.; 2019) Transaction related expenses and inventory step-up amortization relate to General Photonics acquisition and CFO transition expenses NASDAQ: LUNA Luna Innovations Incorporated© 2020
新分部季度结果（成千上万）三个月截至2019年3月31日2019年6月30日2019年9月30日2019年3月31日，2019年3月31日，2019年3月31日，2019年3月31日，2020年6月30日，2020年6月30日，2020年6月31日，2020年6月31日：Lightwave $ 9,518 $ 12,523 $ 13,088 $ 13,554 $ 13,988 $ 11,554 $ 13,988 $ 11,554 $ 13,988 $ 11,554 $ 13,98812933级月神实验室5315 5,291 5301 5492 5587 5643总收入14833 17814 18389 19480 17141 18,576成本收入：光波4280 5,334 5,449 5070 4885 5,181月神实验室3785 3728 3,665 4022 3,892 3,878收入的总成本8,065 9062 9114 9092 8777 9059利润总额6,768 87529,275 10,388 8,364 9,517营业费用：销售，一般和行政6,207 6,003 5,745 6,416 6,377 6,202研究，开发和工程1,458 1,735 2,048 2,255 1,597 1,505总运营费用7,665 7,738 7,7,707 8,671 7,974 7,707 897美元$ 1,014 $ 1,482 $ 1,717$ 390 $ 1,810 A公司修订了其截至2019年9月30日止三个月的成果。本公司已缔结这些调整不是单独或在AG中的材料gregate。纳斯达克：Luna Luna Innovations Insclated©2020