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Total revenues decrease 16 percent from prior year quarter; net loss of $0.6 million for the third quarter
November 7, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Luna Innovations announced its financial results for the third quarter and nine months ended Sept. 30, 2013. As compared to the same quarter last year, total revenue decreased by 16%, from $6.8 million in the third quarter of 2012 to $5.7 million in the third quarter of 2013. Revenues declined by 4% compared to the second quarter of 2013. Technology development revenues decreased by 15% compared to the third quarter of 2012, due primarily to the continued lower level of contract research proj...
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