Wednesday, March 6, 2019

Seeking Alpha Transcript: Comments on the Terahertz Division of Luna Innovations for Fourth Quarter


Scott Graeff, President and CEO of Luna Innovations and Dale Messick, Luna Innovations,  Chief Financial Officer made the following brief comments about the Terahertz division of Luna Innovations on the recent Q4 2018 Results Earnings Conference Call March 4, 2019 8:30 AM ET. 

https://seekingalpha.com/article/4246190-luna-innovations-incorporated-luna-ceo-scott-graeff-q4-2018-results-earnings-call-transcript?part=single

Scott Graeff:

Our Terahertz division is continuing the strong momentum built in the first three quarters. In the fourth quarter, we posted a 72% increase in product sales year-over-year and delivered a robust 68% growth in product sales for the full year.
Importantly, in 2018, we expanded sales channels with the addition of six new distribution partners, and increased market exposure through 10 trade shows. We made robust progress on product sales with a large government defense contractor achieving a formal manufacturing readiness level 7 assessments, and purchasing 5 Terahertz systems for production of the F-35 fighter jet.
And on expense side, we created cost efficiencies for the future by moving to a new facility, which is scaled appropriately to the size of our business and allows for much greater levels of collaboration.
As we move into 2019, we'll be focused on leveraging the efficiencies provided by the new facility and our expanding team. In addition, we will promote new products and capabilities with successful applications, market presence and compelling collateral and web content.
Dale Messick:
Within the Products and Licensing segment, revenues in our Lightwave division grew 75% versus the fourth quarter of last year and Terahertz revenue grew 72%. Our gross profit increased to $6.6 million for the quarter, compared to $4.2 million for the same quarter of last year, representing a gross margin of 49% in Q4, 2018 compared to 42% in Q4 2017.

1 comment:

Unknown said...

Progress being made here within this division and the company as a whole is quite impressive. At some point, and I would hope in the not too distant future, the company should begin gaining more widespread recognition which in turn will help in driving the share price higher..........