Luna Innovations Incorporated
Luna Innovations Reports Second Quarter 2008 Financial Results
Published in Food and Drug Law Weekly, August 22nd, 2008
As compared to the same quarter last year, revenues grew by 26%, from $7.9 million to $9.9 million, gross profit increased from $2.9 million to $4.1 million, and loss per share declined from $0.21 to $0.16.
Kent Murphy, Chairman and Chief Executive Officer, provided this overview of Luna's results: "We continue to move forward in our growth strategy at a significant pace, which is evident from our financial results and in our operational achievements during the second quarter. I'm particularly pleased with the growth of the product...
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