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Luna Innovations Reports Second Quarter 2007 Financial Results

Published in Surgery Litigation and Law Weekly, August 24th, 2007

Luna Innovations Incorporated (NASDAQ:LUNA) announced its financial results for its second quarter ended June 30, 2007.

As compared to the same quarter last year, revenues grew by 59%, from $4.9 million to $7.9 million, gross profit increased from $1.4 million to $2.9 million, and the loss per share declined from $0.37 to $0.21.

Kent Murphy, Chairman and Chief Executive Officer, provided this overview: "While we are still in the early stages of realizing a return on our investments in the product side of our business, those investments are being validated by strong financial trends, including increasing revenues, substantially improved margins and...

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