whytestocks
6 years ago
News: $LUNA Luna Innovations Reports Strong Fourth-Quarter and Fiscal-Year 2018 Results
Fifth consecutive quarter of year-over-year, double-digit revenue growth Total revenues of $13.5 million for the three months ended December 31, 2018, up 37% compared to the three months ended December 31, 2017; total revenues of $42.9 million for fiscal year 2018, an increase of...
In case you are interested https://marketwirenews.com/news-releases/luna-innovations-reports-strong-fourth-quarter-and-fiscal-year-2018-results-7795534.html
whytestocks
6 years ago
News: $LUNA Luna Innovations Acquires General Photonics, A Leader in Characterization and Control of Light for Photonics Applications
Acquisition will accelerate growth in Luna’s communications test segment Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it has acquired General Photonics Corporation, a Chino, California-based leading...
Find out more https://marketwirenews.com/news-releases/luna-innovations-acquires-general-photonics-a-leader-in-characterization-and-control-of-light-for-photonics-applications-7795530.html
Flanker100
7 years ago
Luna Innovations Incorporated Announces Stock Repurchase Program
Source: Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA) today announced that its Board of Directors has reinstituted the Company’s stock repurchase program and authorized the repurchase of up to $2.0 million of Luna’s common stock. Luna’s prior stock repurchase program expired on May 31, 2017.
“Reflecting our continuing commitment to building shareholder value, this new stock repurchase program provides us with additional flexibility to utilize capital meaningfully and productively,” said My Chung, president and chief executive officer of Luna.
The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, share price, trading volume and general market conditions, along with Luna’s working capital requirements, general business conditions and other factors. Under its share repurchase program, the company may, from time to time, purchase shares of its common stock through various means, including open market transactions, privately negotiated transactions or tender offers. Open market repurchases of common stock may be made pursuant to trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, which would permit common stock to be repurchased at a time that Luna might otherwise be precluded from doing so under insider trading laws. The $2.0 million share repurchase authorization expires on September 19, 2018 (unless extended), and does not obligate Luna to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the Board of Directors at any time.
The stock repurchase program will be funded using Luna’s working capital. As of June 30, 2017, Luna had cash and cash equivalents of approximately $10.3 million. As previously announced, on August 9, 2017, the company completed the sale of its high speed optical receiver business for $33.5 million, of which $29.5 million was received by Luna upon closing of the transaction and $4.0 million was placed in escrow.
Luna had approximately 27.7 million shares of common stock outstanding as of June 30, 2017.
About Luna:
Luna Innovations Incorporated (www.lunainc.com) is a leader in optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna is organized into two business segments, which work closely together to turn ideas into products: a Technology Development segment and a Products and Licensing segment. Luna’s business model is designed to accelerate the process of bringing new and innovative technologies to market.
Forward-Looking Statements:
The statements in this release that are not historical facts constitute “forward-looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These statements include the company’s expectations regarding the timing, amount, methods and funding sources of future repurchases of its common stock. Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, without limitation, changes in Luna’s stock price, the trading volume of the company’s stock, the nature of other investment opportunities presented to the company from time to time, the company’s cash flows from operations, general economic conditions, and those risks and uncertainties set forth in the company’s periodic reports and other filings with the Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov and on the company’s website at www.lunainc.com. The statements made in this release are based on information available to the company as of the date of this release and Luna undertakes no obligation to update any of the forward-looking statements after the date of this release, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170920006251/en/
Luna Innovations Incorporated
Dale Messick, CFO, 1-540-769-8400
IR@lunainc.com
Entendance
9 years ago
LUNA Sell-Off In Luna Innovations Provides Compelling Entry Point
here
<...Summary
•Luna Innovations is a little-known micro-cap on the NASDAQ that produces high-tech sensing systems for advanced equipment industries.
•2 months ago, it officially merged with Advanced Photonix Systems.
•Arbitrage selling due to this merger has driven the share price down to irrational low levels.
•Stock clearly bottomed at $1, a strong support level.
•The upside here is a probable triple-digit gain, up to 200% within 12 months.
A sell-off unrelated to the underlying business often creates a temporal case of significant mispricing in micro-caps. Acquisitions, mergers or lock-up periods ending could ignite relentless selling pressure from arbitrageurs which could last for days or weeks, depending on the trading volume and the interests at stake.
...Why did the stock sell off?...>
Greetings from Fred & EntendanceInvestors Beach!
styl
11 years ago
this stock didnt have follow thru like most stocks in a buying program for a FUND...
so what was all that spurt buying about all in one shot upto the 1.80's two days ago?
my guess,,,,,,and i do mean GUESS.......is that its likely that Management with its new cash..................getting word from its ex employees on the progress of the sensing technology and potential milestone payment in the future looks good going forward and therefore the company would be trading at a cash discount to its future cash holdings...........so why not implement a stock buyback program if you felt that.
and if thats the case......their strategy might be to buy it in spurts upto the 1.80 range until further progress.....let it drop on its own and buy another spurt back to 1.80 again..
kind of how aapl just did themselves....they didnt run it up all at once.......they did their buying in stages so it didnt runup back to 550 all in one day and then have it drop on them when they were done buying.
Just my opinion.
question is.......can a company start a massive stock buyback without a shareholder notice or are the REQUIRED to say how much and when? I guess it depends if they own 51% of the company or not
styl
11 years ago
i dont want to HYPE a stock just because i own it and that it might benefit me.........................but the fact is for all to see....that we havent seen volume this impressive since 1/22 when they sold the subsidiary and all that chaos was going on..........
this is such impressive volume without significant news other then the fact that this has lots of cash to hold it over and IF they get that 18 mil extra they are waaaaaay below their cash, that the only viable outcome is this goes higher tomorrow.............
will it kiss $2................most likely.......it was in the mid 1.80's today so why not??
if the nasdaq drops 5% tomorrow that might keep this from moving higher, but if there is an institution set on buying this upto a certain price point for their fund,,,,,,,then this will still go higher.
that 18 mil extra means we see 2.40's..........but i dont know exactly upto what deadline we qualify for that.......I assume we are still some time away from that point if and when it happens