LUNA Luna Innovations Incorporated

Luna Innovations Incorporated (NASDAQ:LUNA), a company focusing on sensing & instrumentation and nanotechnology, today announced preliminary results of operations for the fourth quarter of 2009, to be followed by a conference call at 1:30 p.m. Eastern Time. The Company cautions that the preliminary estimates of financial results are prior to the completion of the Company’s closing of its books and records for the fourth quarter of 2009 and have not been audited. These estimates are subject to modification in the course of completing the Company’s closing of its books and records and annual financial statement audit.

The Company expects to announce for the fourth quarter of 2009:

   

Q4 2009 Range

 

Q4 2008 Actual

Revenue:   Technology Development $5.3 - $5.5 million $6.0 million   Product & License $2.9 - $3.1 million $1.4 million   Total Revenue $8.2 - $8.6 million $7.4 million   Gross Margin $3.0 - $3.2 million $2.3 million   Gross Margin % 37% 31%   Net Income/ (Loss) $23.5 - $24.0 million (1) ($2.2) million   Adjusted EBITDA Excluding Litigation $0.5 - $1.0 million (2)