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LUNA DEFYING IMPOSSIBLE . Luna Innovations Reports Second - Quarter 2021 Results August 9 , 2021 Delivers Record Revenue and Reaffirms 2021 Outlook Highlights • Total revenues of $ 27.9 million for the three months ended June 30 , 2021 , up 50 % compared to the three months ended June 30 , 2020 • Operating loss of $ 1.0 million for the three months ended June 30 , 2021 , versus operating income of $ 1.8 million for the three months ended June 30 , 2020 ; primarily due to $ 1.5 million of transaction - related costs • Net loss of $ 0.2 million for the three months ended June 30 , 2021 , compared to net income of $ 1.4 million for the three months ended June 30 , 2020 • Adjusted EBITDA of $ 2.1 million for the three months ended June 30 , 2021 , compared to $ 3.0 million for the three months ended June 30 , 2020 • Adjusted EPS of $ 0.06 for each of the three months ended June 30 , 2021 and 2020 • Company reaffirms 2021 outlook ROANOKE , Va .-- ( BUSINESS WIRE ) -- Aug . 9 , 2021-- Luna Innovations Incorporated ( NASDAQ : LUNA ) , a global leader in advanced optical technology , today announced its financial results for the three and six months ended June 30 , 2021 . " I couldn't be more thrilled about delivering record revenue , despite challenges such as a very difficult supply chain environment , all while integrating the largest acquisition in the company's history , " said Scott Graeff , President and Chief Executive Officer of Luna . " As I mentioned on our last earnings call , 2021 marks another inflection point of growth . We continue to invest in our business as we build for Luna's future , including adding several experienced executives to my team this quarter . These professionals each have track records in growing larger public companies . We remain excited about Luna's strategy and future , which is why we are reaffirming the guidance that we first provided in March . " Second - Quarter Fiscal 2021 Financial Summary Highlights of the financial results for the three months ended June 30 , 2021 are : Three Months Ended June 30 , ( in thousands , except share and per share data ) 2021 2020 Change Revenues : Lightwave $ Luna Labs 21,965 $ 5,972 12,933 70 % 5,643 6 % Total revenues 27,937 18,576 50 % Gross profit Gross margin 13,950 9,517 47 % 50 % 51 % Operating expense Operating ( loss ) / income Operating margin 14,952 7,707 94 % ( 1,002 ) 1,810 ( 155 ) % ( 4 ) % 10 % Other ( expense ) / income and income tax benefit / ( expense ) 772 ( 441 ) 275 % Net ( loss ) / income $ ( 230 ) $ 1,369 117 % Earnings per diluted share ( EPS ) $ ( 0.01 ) $ 0.04 ( 125 ) % Adjusted EPS $ 0.06 $ 0.06 Diluted weighted average shares outstanding 33,500,801 32,494,950 Adjusted EBITDA $ 2,143 $ 2,955 ( 27 ) % A reconciliation of Adjusted EPS and Adjusted EBITDA to the nearest comparable GAAP figures can be found in the schedules included in this release .