Revenue Update on Luna Innovations Incorporated(NASDAQ:LUNA)

Luna Innovations Incorporated(NASDAQ:LUNA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $14.65M. Analysts estimated a revenue of $15.00M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.01.

Luna Innovations Incorporated (LUNA) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -3.54% at a volume of 2,80,518. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.16. The peak price level was also seen at $1.16 while the days lowest was $1.08. Finally the shares closed at $1.09. The 52-week high of the shares is $1.61 while the 52-week low is $0.7401. According to the latest information available, the market cap of the company is $30 M.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Richard Roedel (director) purchased 39,200 shares at $1.17 per share price.Also, On Jun 16, 2016, Donald Pastor (director) purchased 7,200 shares at $1.18 per share price.On May 16, 2016, Dale E Messick (CFO) purchased 3,000 shares at $1.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Luna Innovations Incorporated develops manufactures and markets fiber optic sensing and test and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace automotive energy composite telecommunications and defense industries. The Company operates in two business segments: Products and Licensing segment and Technology Development segment. The Products and Licensing segment develops manufactures and markets its fiber optic sensing as well as test and measurement products. The Technology Development segment performs applied research principally in the areas of sensing and instrumentation advanced materials and health sciences. Its product lines in the test and measurement domain include Optical Vector Analyzer (OVA) Optical Backscatter Reflectometer (OBR) and the Phoenix family of tunable lasers. Its test and measurement products monitor the integrity of fiber optic network components and sub-assemblies.

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