Luna(US:LUNA)2020-05-08 19:43Financial Performance - Q1 2020 - Total revenues reached $17.1 million, a 16% increase year-over-year[3] - Products and licensing revenue increased by 26% year-over-year, reaching $10.3 million[3] - Technology development revenue increased by 3% year-over-year, reaching $6.8 million[3] - Adjusted EBITDA increased to $1.6 million, compared to $1.0 million for the same period in the previous year[3] - Operating income improved to $0.4 million, compared to a loss of ($0.9) million in Q1 2019[3] - Net income from continuing operations was $0.3 million, or $0.01 per fully diluted share[3] Financial Outlook - 2020 - The company reaffirmed its FY2020 outlook, guiding towards the lower end of the ranges, with total revenues of $81 million to $84 million and Adjusted EBITDA of $10 million to $12 million[3, 11] Balance Sheet - The company reported $85.0 million in total assets, including $26.3 million in cash and cash equivalents, and $41.9 million in working capital as of March 31, 2020[8]