Luna Innovations

Develops sensing and instrumentation products for the healthcare, telecommunications, energy and defense sectors.

Launch date

1990

Employees

Market cap

Enterprise valuation

AUD167m (Public information from Sep 2024)

Roanoke Virginia (HQ)

http://lunainnovations.com

https://twitter.com/lunainnovations https://www.facebook.com/lunainnovations https://www.linkedin.com/company/luna-innovations

Revenues, earnings & profits over time

USD	2018	2019	2020	2021	2022	2023	2024
Revenues	42.9m	70.5m	82.7m	87.5m	109m	122m	136m
% growth	30 %	64 %	17 %	6 %	25 %	11 %	12 %
EBITDA	2.6m	5.8m	10.9m	2.0m	3.8m	13.0m	-
% EBITDA margin	6 %	8 %	13 %	2 %	3 %	11 %	-
Profit	11.0m	5.3m	3.3m	1.4m	9.3m	-	-
% profit margin	26 %	8 %	4 %	2 %	8 %	-	-
EV / revenue	2.2x	3.1x	3.7x	2.5x	2.0x	-	-
EV / EBITDA	35.6x	37.9x	28.1x	107.0x	57.7x	-	-
R&D budget	3.8m	7.5m	6.7m	10.2m	10.8m	-	-
R&D % of revenue	9 %	11 %	8 %	12 %	10 %	-	-

Date	Investors	Amount	Round
-	Small Business Innovation Research (SBIR)	N/A	-
Jun 2006	N/A	N/A	IPO
Jan 2010	N/A	$7.1m	Post IPO Debt
Apr 2014	Intuitive Surgical	$6.0m	Post IPO Debt
Dec 2023*	White Hat Capital Partners	$50.0m	Post IPO Equity
Jul 2024*	White Hat Capital Partners	$15.0m	Post IPO Debt
Total Funding		-

Advanced Photonix

ACQUISITION by Luna Innovations May 2015

ACQUISITION by Luna Innovations Dec 2023

ACQUISITION by Luna Innovations Dec 2020

ACQUISITION by Luna Innovations Oct 2018

ACQUISITION by Luna Innovations Nov 2020