Luna Announces Updates on Operating Metrics and Intent to Deregister Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Should l Buy ?
Source: Businesswire
Company Delisting Announcement: Luna Innovations plans to voluntarily accelerate its delisting from Nasdaq and deregister its common stock, citing the need to reduce administrative burdens and redirect resources towards business operations.
Financial Performance Update: Despite challenges in early 2024, Luna expects significant growth in bookings and revenue for the second half of the year, with preliminary estimates indicating bookings between $125 million and $130 million and revenue between $110 million and $115 million.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
