https://seekingalpha.com/article/4330175-luna-innovations-incorporated-luna-ceo-scott-graeff-on-q4-2019-results-earnings-call?part=single
MY NOTE: Luna Innovations 4th Quarter Conference call was probably the most memorable and positive one I have listened to. It came in the midst of the Corona virus market crisis, and was so very positive that it drove the Luna share price up significantly, the following day. Here are some highlights about the company's progress overall and then some specific comments about an amazing terahertz quarter as well. This is my opinion and do your own due diligence. If you haven't read or listened to this call please consider doing this.
Scott Graeff
In my 17 years at Luna, and then Luna's 30-year history, 2019 marked the best year from both an operational and a financial performance perspective. And I believe we're just getting warmed up. You will see that we drove very strong financial results for the quarter and the year. I'll start with an overview of the quarterly financials in a moment. But first, I'd like to reflect on several important accomplishments during 2019 that helped to set us up for continued success in 2020 and beyond.
The fourth quarter of 2019 marks the 9th consecutive quarter of double-digit year-over-year growth in our revenues from continuing operations. We grew total revenue 44% in the quarter versus last year, and grew gross profit to more than 10 million in the quarter, resulting in gross profit margin of more than 53%. We reported adjusted EBITDA of 3.2 million, an increase of 1.7 million over the fourth quarter of last year.
To that end, I'm pleased today to share with you our 2020 outlook. We expect full year 2020 total revenues to be in the range of 81 million to 84 million. And we expect adjusted EBITDA to be in the range of 10 million to 12 million.
(I)n Q4 we introduced a new dual channel Terahertz control unit. The new product allows multiple sensor heads to be attached to a single control unit. This both reduces the per sensor cost of deployment, as well as opens up new applications that were previously cost prohibitive.
With the same footprint as the single channel system, the dual channel system can control two Terahertz sensors. This dual channel system enables a wide variety of multi sensor applications within the process control market. This additional new capability helped us nearly double our Terahertz revenue in Q4 on a year-over-year basis. (emphasis mine).
No comments:
Post a Comment