Group 1 - Luna Innovations Incorporated is under investigation by Robbins LLP for potential violations of securities laws and breaches of fiduciary duties by its officers and directors related to financial reporting [2] - The company specializes in technology focused on fiber optics, with products aimed at the aerospace, automotive, and communications sectors [2] - Shareholders of Luna Innovations Incorporated who have incurred financial losses have legal options available to them [3] Group 2 - Robbins LLP has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception in 2002 [4]

SAN DIEGO, June 28, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors it is investigating the officers and directors of Luna Innovations Incorporated (NASDAQ: LUNA) to determine whether they violated securities laws and breached their fiduciary duties to shareholders in connection with financial reporting. Luna Innovations is a technology company that focuses on fiber optics. It creates products targeted towards the aerospace, automotive, and communications industries, among others. What Now: Luna Inno ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Luna Innovations Incorporated ("Luna Innovations" or the "Company") (NASDAQ: LUNA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Luna Innovations investors who were adversely affected by alleged securities fraud between May 16, 2022 and April 19, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/luna- ...

NEW YORK, May 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Luna Innovations Incorporated (NASDAQ: LUNA). Shareholders who purchased shares of LUNA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: [email protected] Phone: (646) 453-8903 SOURCE The Gro ...

Important deadline: Investors who purchased or acquired Luna Innovations securities during the Class Period may, no later than May 31, 2024, seek to be appointed as a lead plaintiff representative of the class. Luna Innovations is a technology company that is focused on fiber optics. The Company creates products targeting the aerospace, automotive, and communications industries, among others. The truth regarding Luna Innovations' lack of effective internal control over financial reporting began to emerge on ...

NEW YORK, May 22, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Luna Innovations Incorporated ("Luna" or the "Company") (NASDAQ: LUNA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Luna and certain of its offi ...

CONTACT US HERE: https://securitiesclasslaw.com/securities/luna-innovations-loss-submission-form/?id=80718&from=4 CLASS PERIOD: May 16, 2022 to April 19, 2024 NEW YORK, May 21, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Luna Innovations Incorporated (NASDAQ: LUNA). Shareholders who purchased shares of LUNA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required t ...

LOS ANGELES, May 17, 2024 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Luna Innovations Incorporated ("Luna" or the "Company") (NASDAQ: LUNA). Class Period: May 16, 2022 – April 19, 2024 Lead Plaintiff Deadline: May 31, 2024 If you wish to serve as lead plaintiff of the Luna lawsuit, you can submit your contact information at www.glancylaw.com/cases/Luna-Innovations-Incorporated ...

Financial Data and Key Metrics Changes - For Q3 2023, total revenue was $30.7 million, a 5% increase year-over-year. Gross margin was 57%, and adjusted EBITDA was $4.2 million compared to $4.5 million in the prior year [11][67] - Operating income was $1.2 million, down from $1.5 million in the prior year, and net income was $461,000 compared to $1.2 million previously [67] - Working capital increased to $65.2 million from $54.2 million at the end of 2022, primarily due to increases in accounts receivable and inventory [44] Business Line Data and Key Metrics Changes - The sensing vertical experienced a 6% revenue decline year-over-year, largely due to tough comparisons in terahertz sales [12] - The communications test business saw a strong recovery with a 26% year-over-year growth, driven by sales to government and defense customers [30][53] - Product revenue was flat year-over-year, with notable performance in the ODiSI high-resolution sensing product reaching record levels [29] Market Data and Key Metrics Changes - The company secured a multi-year fiber-optic monitoring service contract for a transcontinental natural gas pipeline, enhancing its market presence [13] - Significant sales of earthquake monitoring DAS instruments were made to seismic labs and the U.S. government, indicating strong demand in the market [15] - The company renewed a global supply partnership with a major multinational conglomerate for critical infrastructure monitoring, expanding its market reach [16] Company Strategy and Development Direction - The company aims to expand its global footprint and elevate its international presence through strategic hires and investments in infrastructure [3][35] - Management emphasized the importance of leadership talent in driving strategy and capturing growth opportunities [26] - The company is focused on improving inventory turns and managing supply chain challenges while maintaining a broad revenue range due to project-based orders [41][45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic headwinds affecting business but expressed optimism about the company's long-term potential and the strength of its backlog [28][37] - The outlook for terahertz products remains strong, with robust bookings and backlog despite a tough comparison in Q3 [28] - The company revised its revenue guidance to $120 million to $125 million while maintaining adjusted EBITDA guidance of $14 million to $18 million [33] Other Important Information - The company is experiencing supply chain challenges, leading to increased inventory levels, but is confident in improving inventory management [45][55] - Cash and cash equivalents remained stable at $6 million, with a nearly $3 million sequential increase [54] Q&A Session Summary Question: What is the outlook for 2024? - Management indicated that expectations for 2024 remain unchanged, with some projects pushing into Q4 and 2024 [50] Question: Is the recovery in the communications test business sustainable? - Management expressed confidence that the recovery is sustainable, with good visibility into the next few quarters [74] Question: Update on terahertz testing opportunities and capacity expansion? - Management confirmed strong demand for terahertz systems and that capacity expansion plans are on track, expecting a strong finish to the year [75][76] Question: How much working capital can be generated in Q4? - Management expects to see strong cash generation and working capital improvements in Q4, leveraging larger revenue [79]

November 14, 2023 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 uncertainties. These statements include the company's expectations regarding its technological and product capabilities, market growth and its market position, sales wins, revenue growth, customer activity, ...