Flexible Electronics News

Luna Reports 3Q 2012 Financial Results

Products and licensing revenues increase 18 percent over prior year quarter; total revenues decrease 9 percent from prior year quarter

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Luna Innovations Inc. announced its financial results for the third quarter and nine months ended Sept. 30, 2012. For the three months ended Sept. 30, 2012, the company reported a net loss attributable to common stockholders of $0.3 million compared to net income to common stockholders of $0.2 million for the third quarter of 2011. Total revenues decreased by 9%, from $8.8 million in the third quarter of 2011 to $8.0 million in the third quarter of 2012. Products and licensing revenues inc...

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