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About Luna Innovations
Its shares trade under the ticker LUNA. It has been listed since 6 June 2006. In the fiscal year to 31 December 2023, it reported revenue of $116.6m and a net loss of $2.1m.
Luna Innovations, Inc. engages in the development and manufacture of fiber optic test and measurement, sensing, and instrumentation products for the automotive, aerospace, energy, and infrastructure industries. The company is headquartered in Roanoke, Virginia. The company went IPO on 2006-06-06. The firm provides fiber optic test, measurement and control products for the telecommunications and photonics industries and distributed fiber optic sensing products for industries utilizing composite and other advanced materials, such as the automotive, aerospace, energy and infrastructure industries. The company operates through two segments: Lightwave segment and the Luna Labs segment. The Lightwave segment develops, manufactures and markets distributed fiber optic sensing products and fiber optic communications test and control products. The Luna Labs segment performs applied research principally in the areas of sensing and instrumentation, advanced materials and health sciences. The firm operates across United States, Asia, Europe, Canada and Central and South America.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 6 Jun 2006
- Employees
- 277
- Website
- lunainc.com ↗
Leadership
Pay as last reported
- Mr. Warren PhelpsIndependent Non-Executive Chairman of the Board$124,750
- Mr. Kevin IlcisinPresident, Chief Accounting Officer, Director, since 2024
- Mr. William PhelanChief Financial Officer, Chief Accounting Officer
- Ms. Mary VitaleLead Independent Director$122,750
- Dr. N. Leigh AndersonIndependent Director$111,750
- Mr. David ChanleyDirector
- Mr. Gary SpiegelIndependent Director$124,750
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 19
- Environment
- 17
- Social
- 13
- Governance
- 26
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Luna Innovations Inc has a wide range of products, catering to various industries such as telecommunications, aerospace, automotive, and healthcare. This diversification provides the company with stability and the ability to address multiple markets simultaneously.
- Luna Innovations Inc is known for its strong research and development capabilities, allowing them to create innovative solutions that meet the evolving needs of their customers. This enables the company to stay ahead of competitors and explore new market opportunities.
Weaknesses
- Luna Innovations Inc relies heavily on a few key customers for a significant portion of their revenue. This high customer concentration poses a risk, as the loss of any major customer could have a substantial impact on their financial performance.
- Despite offering innovative solutions, Luna Innovations Inc currently holds a relatively small market share compared to some of its larger competitors. This makes it challenging for the company to compete on price and negotiate beneficial terms with suppliers or customers.
Opportunities
- Luna Innovations Inc can capitalize on emerging technologies such as 5G, Internet of Things (IoT), and artificial intelligence. These technological advancements present opportunities for the company to develop new products or enhance existing ones to cater to the demands of a rapidly changing market.
- With its strong R&D capabilities and diverse product portfolio, Luna Innovations Inc can explore international markets and expand its reach beyond its current geographical locations. This would allow the company to tap into new customer bases and potentially increase its market share.
Threats
- Luna Innovations Inc operates in a highly competitive industry with several established players. The presence of competitive companies poses a threat, as they may offer similar products at competitive prices, potentially making it harder for Luna Innovations Inc to differentiate themselves from the competition.
- The company is susceptible to economic fluctuations and uncertainty, which can affect customer spending patterns and demand for their products. Economic downturns or market volatility could lead to reduced orders or delayed projects, impacting Luna Innovations Inc's revenue and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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