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Luna Innovations reports strong Q3 2018 results.

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TELECOMWORLDWIRE-November 21, 2018-Luna Innovations reports strong Q3 2018 results

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Luna Innovations Incorporated (NASDAQ: LUNA), a global provider of advanced optical technology, has reported record financial results for the three and nine months ended September 30, 2018, the company said.

Total revenues for the three months ended September 30, 2018 were USD 10.7 million compared to USD 8.3 million for the three months ended September 30, 2017.

Technology development revenues increased to USD 5.3 million for the three months ended September 30, 2018, compared to USD 4.6 million for the three months ended September 30, 2017.

Total products and licensing revenues increased to USD 5.4 million for the three months ended September 30, 2018, compared to USD 3.7 million for the three months ended September 30, 2017.

The increase in the products and licensing revenues for the three months ended September 30, 2018 compared to the three months ended September 30, 2017 was due to continued growth in sales of Luna's fiber optic-based sensing products, including its ODiSI products and its Terahertz products. The increase in technology development revenues for the three months ended September 30, 2018 compared to the prior-year period was due to continued growth in...

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