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Products and licensing revenues increase 11 percent over prior year quarter; total revenues decrease 11 percent from prior year quarter
August 8, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Luna Innovations announced its financial results for the second quarter and six months ended June 30, 2013. As compared to the same quarter last year, total revenue decreased by 11%, from $6.7 million in the second quarter of 2012 to $6.0 million in the second quarter of 2013. Products and licensing revenues increased 11% compared to the second quarter of 2012, driven by higher sales of the company’s ODiSI product line in addition to increased revenue from the development of the company’s fib...
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