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.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 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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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. Aug 12, 2024New chief executive Kevin Ilcisin becomes CEO16
  2. Dec 1, 2017New chief executive Scott A. Graeff becomes CEO17
  3. Apr 27, 2011New chief executive My E. Chung becomes CEO18
  4. 1991Founded Founded in Blacksburg1

Filings

209 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 38 major events, 123 insider forms, 24 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 13, 2024SC 13G EDGAR
  16. Nov 12, 2024SC 13G/A EDGAR
  17. Nov 4, 2024SC 13G/A EDGAR
  18. Nov 4, 2024SC 13G/A EDGAR
  19. Oct 29, 20248-K EDGAR
  20. Oct 29, 2024SC 13D/A LUNA INNOVATIONS INCORPORATED EDGAR

The 209 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.

Money raised

Private offerings the company reported to the SEC on Form D.

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

Sources

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

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