Tuesday, May 15, 2018
LUNA First Quarter Conference call - my thoughts and comments
Luna Innovations Incorporated (NASDAQ:LUNA) Q1 2018 Earnings Conference Call May 9, 2018 5:00 PM ET
My Note: I listened to and participated in last week's LUNA INNOVATIONS Q1 conference call. My impression is that this company is finally "hitting on all cylinders" and in a variety of cutting edge technologies with real legs to make a run in the market place.
CEO Scott Graeff noted that, Luna's first quarter revenues increased 21% or $2.1 million year-over-year contributing more than $1 million to Luna's bottom line. Revenues from Luna's products and license segment grew 29%, and sales from Luna's Lightwave division grew 74%. Scott advised that the Lightwave division includes Luna's instruments for testing optical components and networks which target the growing demand for bandwidth fueling the development of silicon photonics and the building of more and more data centers. This division also includes the sales of Luna's Odyssey instruments used for measuring structural health and integrity.
Scott also had the following comments about the Terahertz division, in Ann Arbor, Michigan: