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LUNA on NASDAQ

Luna Innovations

American technology product developer

Luna Innovations Incorporated is an American developer and manufacturer of fiber-optics- and terahertz-based technology products for the aerospace, automotive, communications, defense, energy, infrastructure, security, and silicon photonics industries. It is headquartered in Roanoke, Virginia. Luna's products are used to test, measure, analyze, monitor, protect and improve products and processes to enhance the safety, security, and connectivity of people.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1991Founded1

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  • TickerLUNA on NASDAQ1
  • IndustryServices-Commercial Physical & Biological Research1
  • HeadquartersRoanoke1
  • Founded inBlacksburg1
  • Websitewww.lunainnovations.com
  • Legal formpublic company1
  • Incorporated inDE4
  • Business address301 First Street Sw, Suite 200, Roanoke, Va 240114
  • Filer categoryNon-accelerated filer, Smaller reporting company4

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Luna Innovations image from its website
Image: lunainnovations.com6

Luna Innovations Incorporated is an American developer and manufacturer of fiber-optics- and terahertz-based technology products for the aerospace, automotive, communications, defense, energy, infrastructure, security, and silicon photonics industries. It is headquartered in Roanoke, Virginia. Luna's products are used to test, measure, analyze, monitor, protect and improve products and processes to enhance the safety, security, and connectivity of people.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

60.7%Gross margin7
-1.7%Operating margin7
8.5%Net margin7
25.1%Revenue growth, 20227
9.9%Return on equity7
0.22×Debt to equity7
-$11.5MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Research and development10¢$10.8M
  • Selling, general and admin53¢$57.5M
  • Other costs28¢$30.7M
  • Interest1¢$898.0K
  • Income tax0¢$220.0K
  • Profit8¢$9.3M

Out of $109.5M in revenue.7

Financial statements

Revenue891011127$109.5M in 2022+162% since 2016
0$50.0M$100.0M$150.0M2016: $41.9M$41.9M20162017: $33.1M$33.1M2017−21%2018: $42.9M$42.9M2018+30%2019: $70.5M$70.5M2019+64%2020: $59.1M$59.1M2020−16%2021: $87.5M$87.5M2021+48%2022: $109.5M$109.5M2022+25%
Gross profit891011127$66.5M in 2022+321% since 2016
0$20.0M$40.0M$60.0M$80.0M2016: $15.8M$15.8M20162017: $13.4M$13.4M2017−15%2018: $19.4M$19.4M2018+45%2019: $35.2M$35.2M2019+81%2020: $35.9M$35.9M2020+2%2021: $51.6M$51.6M2021+44%2022: $66.5M$66.5M2022+29%
Operating income891011127-$1.9M in 2022−25% since 2016
-$4.0M-$2.0M0$2.0M$4.0M2016: -$2.5M-$2.5M20162017: -$2.2M-$2.2M2017−12%2018: $877.5K$877.5K20182019: $3.3M$3.3M2019+278%2020: $813.0K$813.0K2020−75%2021: -$2.6M-$2.6M20212022: -$1.9M-$1.9M2022−27%
Net income891011127$9.3M in 2022
-$5.0M0$5.0M$10.0M$15.0M2016: -$2.4M-$2.4M20162017: $14.6M$14.6M20172018: $11.0M$11.0M2018−25%2019: $5.3M$5.3M2019−51%2020: $3.3M$3.3M2020−38%2021: $1.4M$1.4M2021−58%2022: $9.3M$9.3M2022+571%
Fiscal year2016201720182019202020212022
Revenue$41.9M8$33.1M9$42.9M10$70.5M11$59.1M12$87.5M7$109.5M7
Cost of revenue$26.1M8$28.1M8$23.5M10$35.3M11$23.2M12$36.0M12
Gross profit$15.8M8$13.4M9$19.4M10$35.2M11$35.9M12$51.6M7$66.5M7
Research and development$3.5M8$2.7M9$3.8M10$7.5M11$6.7M12$10.2M7$10.8M7
Selling, general and admin$14.8M8$12.9M9$14.8M10$23.3M11$28.4M12$44.0M7$57.5M7
Operating expenses$54.1M7$68.4M7
Operating income-$2.5M8-$2.2M9$877.5K10$3.3M11$813.0K12-$2.6M7-$1.9M7
Interest$319.3K8$217.4K9$124.3K10$16.0K11$25.0K12$479.0K7$898.0K7
Income before tax-$3.1M7-$2.5M7
Income tax-$135.6K8-$1.1M9$47.8K10-$1.7M11-$455.0K12-$2.0M7-$220.0K7
Net income-$2.4M8$14.6M9$11.0M10$5.3M11$3.3M12$1.4M7$9.3M7
Earnings per share$0.529$0.3910$0.1811$0.1112$0.047$0.287
Earnings per share (diluted)$0.529$0.3310$0.1611$0.1012$0.047$0.287
Shares (weighted, basic)31.7M shares732.6M shares7
Shares (weighted, diluted)31.7M shares732.6M shares7

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Corporate structure

Luna Innovations sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Luna Innovations

  • Luna Innovations Roanoke

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Luna Innovations reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Buildings and improvements$226.0K12 Dec 31, 2021$012 Dec 31, 2020
Machinery and equipment$10.3M12 Dec 31, 2021$4.1M12 Dec 31, 2020+147.6%
Furniture and fixtures$1.3M12 Dec 31, 2021$345.0K12 Dec 31, 2020+281.4%
Computer equipment and software$72.0K12 Dec 31, 2021$106.0K12 Dec 31, 2020−32.1%
Leasehold improvements$2.3M12 Dec 31, 2021$2.1M12 Dec 31, 2020+9.8%
Construction in progress$646.0K12 Dec 31, 2021$185.0K12 Dec 31, 2020+249.2%
Property and equipment, before depreciation$21.0M7 Dec 31, 2022$14.8M7 Dec 31, 2021+41.9%
Accumulated depreciation$16.1M7 Dec 31, 2022$11.8M7 Dec 31, 2021+36.4%
Property and equipment, net$4.9M7 Dec 31, 2022$3.0M7 Dec 31, 2021+63.8%
Operating-lease assets (leased space)$4.7M7 Dec 31, 2022$5.1M7 Dec 31, 2021−8.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.0M7 Dec 31, 2022$17.1M7 Dec 31, 2021−64.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$26.9M7 Dec 31, 2022$19.0M7 Dec 31, 2021+41.8%
Intangible assets, net (excluding goodwill)$18.8M7 Dec 31, 2022$17.2M7 Dec 31, 2021+9.2%
Finite-lived intangibles, gross$33.0M7 Dec 31, 2022$27.7M7 Dec 31, 2021+19.2%
Accumulated amortization$14.2M7 Dec 31, 2022$10.5M7 Dec 31, 2021+35.7%
Finite-lived intangibles, net$18.8M7 Dec 31, 2022$17.2M7 Dec 31, 2021+9.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$36.6M7 Dec 31, 2022$22.5M7 Dec 31, 2021+62.6%
Work in process$3.1M7 Dec 31, 2022$2.3M7 Dec 31, 2021+34.3%

Leadership

Who has led Luna Innovations, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. My E. Chung2011–2017
  2. Scott A. Graeff2017–2024
  3. Kevin Ilcisin2024

Chair

  1. Richard Roedel2024

President

  1. Kenneth D. Ferris2006–2008
  2. Robert P. Lenk2006–2008
  3. Scott A. Meller2006
  4. Brian Joseph Soller2008
  5. Jonathan Cool2010–2011
  6. Dale E. Messick2010–2011
  7. My E. Chung2011–2017
  8. Richard Roedel2024
  9. Kevin Ilcisin2024

Chief financial officer

  1. Scott A. Graeff2006–2011
  2. Dale E. Messick2006–2019
  3. Gene Nestro2019–2023
  4. George Gomez-Quintero2023–2024
  5. John Charles Roiko2024

Chief operating officer

  1. John T. Goehrke2006–2007
  2. Scott A. Graeff2009
  3. Jonathan Cool2010–2011
  4. Dale E. Messick2010–2011
1995200020052010201520202025
Board members and other officers (27)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerEva J. Hartmann named Feb 8, 202459
  • Executive OfficerRyan H. Stewart named Feb 8, 202459
  • Executive OfficerThomas J. Oldemeyer named Feb 8, 202459
  • DirectorGary B. Spiegel named Feb 8, 202459
  • DirectorWarren B. Phelps named Feb 8, 202459

Acquisitions

Two companies developed from Luna Innovations have been sold to other companies. Luna Energy, which developed pipeline monitoring sensors for the oil and gas industry, was acquired by oilfield services firm Baker Hughes. Baker Hughes helped build Luna Energy in 2002 with a 40% stake in the organization. In December of 2004, Baker Hughes purchased the remaining 60%. Luna i-Monitoring, which developed a suite of integrated wireless sensors for remote monitoring for the oil and gas industry, was acquired by IHS Energy.

Luna has acquired companies with adjacent and complementary technologies, including Micron Optics, General Photonics, OptaSense, and LIOS.

From Wikipedia’s article on Luna Innovations, shared under CC BY-SA 4.0.5

Timeline

  1. Feb 21, 20258-K Change of auditor60
  2. Jan 27, 20258-K Results of operations; Listing notice or transfer61
  3. Jan 6, 20258-K Listing notice or transfer; Regulation FD disclosure62
  4. Dec 27, 20248-K Executive or director change; Regulation FD disclosure63
  5. Nov 15, 20248-K Listing notice or transfer; Regulation FD disclosure64
  6. Oct 29, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares65
  7. Oct 16, 20248-K Executive or director change; Regulation FD disclosure66
  8. Oct 7, 20248-K Listing notice or transfer; Regulation FD disclosure67
  9. Aug 26, 20248-K Listing notice or transfer; Regulation FD disclosure68
  10. Aug 12, 2024New chief executive Kevin Ilcisin becomes CEO16
  11. Jul 23, 20248-K Entered a material agreement; New debt or obligation; Executive or director change69
  12. Jul 18, 20248-K Executive or director change70
  13. Jun 17, 20248-K Other events71
  14. Dec 1, 2017New chief executive Scott A. Graeff becomes CEO17
  15. Apr 27, 2011New chief executive My E. Chung becomes CEO18
  16. 1991Founded Founded in Blacksburg1

Calendar

When it reported results

  1. Jan 27, 2025Reported quarterly or annual results61
  2. Nov 14, 2023Reported quarterly or annual results72
  3. Aug 10, 2023Reported quarterly or annual results73
  4. May 9, 2023Reported quarterly or annual results74
  5. Mar 14, 2023Reported quarterly or annual results75
  6. Nov 10, 2022Reported quarterly or annual results76
  7. Aug 11, 2022Reported quarterly or annual results77
  8. May 16, 2022Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

210 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 38 major events, 123 insider forms, 25 large holders, 1 private raises, 14 other. The latest 20:

  1. Jan 27, 2026SCHEDULE 13G/A EDGAR
  2. May 12, 2025SCHEDULE 13G/A EDGAR
  3. Feb 28, 202515-12G EDGAR
  4. Feb 21, 20258-K EDGAR
  5. Feb 18, 202525 EDGAR
  6. Jan 27, 20258-K EDGAR
  7. Jan 14, 2025SCHEDULE 13G EDGAR
  8. Jan 6, 20258-K EDGAR
  9. Jan 3, 20254 EDGAR
  10. Jan 3, 20254 EDGAR
  11. Dec 27, 20248-K EDGAR
  12. Dec 26, 20244 EDGAR
  13. Nov 15, 2024NT 10-Q EDGAR
  14. Nov 15, 20248-K EDGAR
  15. Nov 14, 2024SC 13G EDGAR
  16. Nov 13, 2024SC 13G EDGAR
  17. Nov 12, 2024SC 13G/A EDGAR
  18. Nov 4, 2024SC 13G/A EDGAR
  19. Nov 4, 2024SC 13G/A EDGAR
  20. Oct 29, 20248-K EDGAR

The 210 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$373.4M 2008–2026
Money received by yearMoney received by year, 2008–2026: $373.4M in all. Private raises (Form D) $50.0M; Federal grants $48.0M; Federal contracts $275.4M.$0$20M$40M$60M2008 · Federal grants: $4.0M2008 · Federal contracts: $18.0M20082009 · Federal grants: $3.7M2009 · Federal contracts: $23.2M2010 · Federal grants: $9.8M2010 · Federal contracts: $20.7M20102011 · Federal grants: $5.1M2011 · Federal contracts: $11.9M2012 · Federal grants: $1.1M2012 · Federal contracts: $18.2M20122013 · Federal grants: $1.7M2013 · Federal contracts: $8.1M2014 · Federal grants: $2.4M2014 · Federal contracts: $12.1M20142015 · Federal grants: $1.1M2015 · Federal contracts: $12.8M2016 · Federal grants: $2.0M2016 · Federal contracts: $15.8M20162017 · Federal grants: $1.7M2017 · Federal contracts: $17.5M2018 · Federal grants: $3.6M2018 · Federal contracts: $18.3M20182019 · Federal grants: $3.9M2019 · Federal contracts: $24.0M2020 · Federal grants: $4.6M2020 · Federal contracts: $18.0M20202021 · Federal grants: $2.2M2021 · Federal contracts: $30.9M2022 · Federal grants: $1.2M2022 · Federal contracts: $7.7M20222023 · Private raises (Form D): $50.0M2023 · Federal grants: $85.0K2023 · Federal contracts: $4.3M2024 · Federal contracts: $3.9M20242025 · Federal contracts: $8.0M2026 · Federal contracts: $1.8M2026
Figures by year
YearPrivate raises (Form D)Federal grantsFederal contractsTotal
2026––$1.8M$1.8M
2025––$8.0M$8.0M
2024––$3.9M$3.9M
2023$50.0M$85.0K$4.3M$54.4M
2022–$1.2M$7.7M$8.9M
2021–$2.2M$30.9M$33.1M
2020–$4.6M$18.0M$22.6M
2019–$3.9M$24.0M$27.9M
2018–$3.6M$18.3M$22.0M
2017–$1.7M$17.5M$19.2M
2016–$2.0M$15.8M$17.8M
2015–$1.1M$12.8M$13.9M
2014–$2.4M$12.1M$14.5M
2013–$1.7M$8.1M$9.8M
2012–$1.1M$18.2M$19.3M
2011–$5.1M$11.9M$17.0M
2010–$9.8M$20.7M$30.5M
2009–$3.7M$23.2M$26.9M
2008–$4.0M$18.0M$22.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Dec 21, 2023Raised $50 million in a private offering of equity59 Form D: $62.5 million offered in all Form D

Federal awards

Obligated amounts from USAspending.gov88, by calendar year, 2008–2026, for 2 registered units, including subsidiaries under the same parent. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest grants

  1. Sep 28, 2010$4.1M from Department of Energy: Nuclear Energy Research, Development And Demonstration89 To LUNA INNOVATIONS INCORPORATED Award DENE0000380
  2. Feb 9, 2010$2.1M from Department of Energy: Office Of Science Financial Assistance Program90 To LUNA INNOVATIONS INCORPORATED Award DESC0003537
  3. Feb 8, 2010$2.1M from Department of Energy: Office Of Science Financial Assistance Program91 To LUNA INNOVATIONS INCORPORATED Award DESC0003542
  4. Jul 1, 2005$2.1M from National Institutes of Health: Allergy, Immunology And Transplantation Research92 To LUNA INNOVATIONS INCORPORATED Award R44AI066612
  5. Jun 29, 2010$1.7M from Department of Energy: Office Of Science Financial Assistance Program93 To LUNA INNOVATIONS INCORPORATED Award DESC0004449

Largest contracts

  1. Oct 25, 2007$19.9M from Defense Advanced Research Projects Agency: Luna innovations - phase i trust in integrated circuits94 To LUNA INNOVATIONS INCORPORATED Award HR001108C0007
  2. Aug 3, 2011$5.8M from Defense Advanced Research Projects Agency: The objective of the integrity and reliability of integrated circuits (iris) program is to develop the technology to derive the functionalit95 To LUNA INNOVATIONS INCORPORATED Award HR001111C0068
  3. Jul 24, 2025$5.8M from Department of the Navy: Research and development96 To LUNA INNOVATIONS INCORPORATED Award N6833525C0152
  4. Aug 8, 2017$3.6M from Defense Contract Management Agency: Sbir ii swift and quiet airfield assessment device (squaad)97 To LUNA INNOVATIONS INCORPORATED Award FA865117C0037
  5. Sep 22, 2017$167.5K from Department of the Army: Optical vector analyzer (ova)98 To LUNA INNOVATIONS INCORPORATED Award W911QX17P0281

SEC filer profile

How Luna Innovations is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLUNA INNOVATIONS INC2
  • CIK0001239819
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)8731 Services-Commercial Physical & Biological Research2
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
  • Business address301 First Street Sw, Suite 200, Roanoke, VA 240112
  • Phone540-769-84002
  • Shares outstanding33,958,641 as of Nov 10, 202315
  • Public float$182.2M as of Jun 30, 20227
  • On EDGAR sinceJun 6, 20032
  • Filings1,122 in all: 4 (570), 8-K (208), 10-Q (53), 3 (43), SC 13G/A (37), SC 13G (22), CT ORDER (19), 4/A (18)2
    All 47 form types

    10-K (17), DEF 14A (15), CORRESP (11), SD (11), 425 (9), S-1/A (8), 5 (7), UPLOAD (7), S-8 (6), 3/A (5), REGDEX (5), 8-K/A (4), NT 10-Q (4), 10-K/A (3), DEFA14A (3), EFFECT (3), FWP (3), S-4/A (3), SC 13D (3), 10-Q/A (2), D (2), NT 10-K (2), SC 13D/A (2), SCHEDULE 13G/A (2), 15-12G (1), 25 (1), 424B3 (1), 424B4 (1), 8-A12G (1), ARS (1), DEFC14A (1), PREC14A (1), S-1 (1), S-3 (1), S-3/A (1), S-4 (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Apr 20, 2023
    Latest 8-K (8-K) Feb 21, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteLuna Innovations photo
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    SEC EDGAROther events
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