Since hitting a 52 week stock price high, on January 26th, 2017 of $2.27, Luna Innovations stock price has continued to fall, and this morning hit an intra-day low (to this point) of $1.31. Investor interest on the various stock message boards has been tepid at best, so I wanted to share some information relating to Luna that hasn't been widely circulated.
According to US Spending.gov, Luna in the calendar year 2017 has obtained 62 contracts or grants with the US Government, (under the names Luna innovations, Advanced Photonix and Picometrix) totaling $8,349,926 in prime contract awards, and another $1,035,698 in sub-contract awards. These awards can be found on this link:
I don't know about you, but I thought this was a very significant number of awards to a small tech company in a single year, that still has five and a half months left.
However, strangely you won't find a mention about these awards on the Luna webpage or in press releases, Luna CEO, My Chung's comments on the last investor conference call only made passing reference to this topic: