Luna Operating Income vs Gross Profit Analysis

LUNA Stock

USD 1.64 0.01 0.61%

Luna Innovations financial indicator trend analysis is infinitely more than just investigating Luna Innovations recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luna Innovations is a good investment. Please check the relationship between Luna Innovations Operating Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luna Innovations Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Luna Innovations Operating Income account and Gross Profit. At this time, the significance of the direction appears to have weak relationship.

The correlation between Luna Innovations' Operating Income and Gross Profit is 0.35. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Luna Innovations Incorporated, assuming nothing else is changed. The correlation between historical values of Luna Innovations' Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Luna Innovations Incorporated are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Luna Innovations' Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Luna Innovations operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Luna Innovations Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Luna Innovations Incorporated minus its cost of goods sold. It is profit before Luna Innovations operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Luna Innovations' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luna Innovations current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luna Innovations Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At present, Luna Innovations' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 292.66, whereas Discontinued Operations is forecasted to decline to about 1.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	51.6M	66.5M	68.8M	72.2M
Total Revenue	87.5M	109.5M	116.6M	122.4M

Gross Profit Total Revenue

Luna Innovations fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Total Equity	Inventory	Other Current Assets
Total Assets		0.73	0.98	0.99	0.56	0.0	0.68	0.0	0.9	0.92	0.53	0.97	0.98	0.91	-0.78	0.73	0.77	0.69	0.85	0.97	0.72	0.92	0.98	0.75	0.96	0.65
Other Current Liab	0.73		0.75	0.71	0.41	0.12	0.35	0.12	0.68	0.69	0.53	0.73	0.71	0.71	-0.61	0.87	0.91	0.51	0.35	0.72	0.28	0.58	0.6	0.79	0.6	0.85
Total Current Liabilities	0.98	0.75		0.95	0.66	-0.12	0.72	-0.12	0.84	0.95	0.49	0.99	0.94	0.94	-0.8	0.76	0.75	0.66	0.85	0.98	0.67	0.86	0.96	0.71	0.97	0.71
Total Stockholder Equity	0.99	0.71	0.95		0.43	0.14	0.65	0.14	0.94	0.84	0.57	0.91	0.99	0.83	-0.71	0.66	0.76	0.69	0.82	0.92	0.74	0.93	0.96	0.79	0.92	0.6
Net Debt	0.56	0.41	0.66	0.43		-0.8	0.54	-0.8	0.21	0.81	-0.04	0.74	0.38	0.83	-0.67	0.61	0.46	0.46	0.59	0.74	0.44	0.49	0.6	0.11	0.72	0.47
Cash	0.0	0.12	-0.12	0.14	-0.8		-0.28	1.0	0.35	-0.3	0.44	-0.21	0.2	-0.33	0.2	-0.11	0.06	-0.11	-0.22	-0.24	-0.18	0.01	-0.11	0.41	-0.24	-0.02
Other Assets	0.68	0.35	0.72	0.65	0.54	-0.28		-0.28	0.6	0.65	0.29	0.7	0.62	0.63	-0.57	0.48	0.36	0.47	0.83	0.71	0.59	0.56	0.75	0.46	0.74	0.28
Cash And Short Term Investments	0.0	0.12	-0.12	0.14	-0.8	1.0	-0.28		0.35	-0.3	0.44	-0.21	0.2	-0.33	0.2	-0.11	0.06	-0.11	-0.22	-0.24	-0.18	0.01	-0.11	0.41	-0.24	-0.02
Common Stock Shares Outstanding	0.9	0.68	0.84	0.94	0.21	0.35	0.6	0.35		0.7	0.74	0.79	0.95	0.68	-0.53	0.62	0.66	0.45	0.73	0.78	0.62	0.83	0.84	0.88	0.78	0.52
Non Current Liabilities Total	0.92	0.69	0.95	0.84	0.81	-0.3	0.65	-0.3	0.7		0.36	0.98	0.83	1.0	-0.86	0.81	0.74	0.64	0.81	0.97	0.6	0.82	0.9	0.56	0.95	0.65
Other Stockholder Equity	0.53	0.53	0.49	0.57	-0.04	0.44	0.29	0.44	0.74	0.36		0.43	0.61	0.32	-0.14	0.51	0.31	-0.1	0.45	0.39	0.23	0.41	0.44	0.87	0.41	0.3
Total Liab	0.97	0.73	0.99	0.91	0.74	-0.21	0.7	-0.21	0.79	0.98	0.43		0.9	0.98	-0.84	0.8	0.76	0.66	0.84	0.99	0.65	0.86	0.94	0.65	0.98	0.69
Total Current Assets	0.98	0.71	0.94	0.99	0.38	0.2	0.62	0.2	0.95	0.83	0.61	0.9		0.81	-0.73	0.66	0.74	0.65	0.8	0.89	0.67	0.9	0.94	0.8	0.9	0.62
Short Long Term Debt Total	0.91	0.71	0.94	0.83	0.83	-0.33	0.63	-0.33	0.68	1.0	0.32	0.98	0.81		-0.87	0.81	0.76	0.66	0.77	0.96	0.58	0.81	0.89	0.53	0.94	0.69
Other Liab	-0.78	-0.61	-0.8	-0.71	-0.67	0.2	-0.57	0.2	-0.53	-0.86	-0.14	-0.84	-0.73	-0.87		-0.72	-0.72	-0.76	-0.6	-0.8	-0.33	-0.67	-0.76	-0.41	-0.8	-0.69
Property Plant And Equipment Net	0.73	0.87	0.76	0.66	0.61	-0.11	0.48	-0.11	0.62	0.81	0.51	0.8	0.66	0.81	-0.72		0.83	0.45	0.52	0.77	0.25	0.59	0.64	0.71	0.69	0.7
Current Deferred Revenue	0.77	0.91	0.75	0.76	0.46	0.06	0.36	0.06	0.66	0.74	0.31	0.76	0.74	0.76	-0.72	0.83		0.76	0.41	0.78	0.44	0.75	0.69	0.68	0.67	0.75
Retained Earnings	0.69	0.51	0.66	0.69	0.46	-0.11	0.47	-0.11	0.45	0.64	-0.1	0.66	0.65	0.66	-0.76	0.45	0.76		0.51	0.71	0.61	0.73	0.72	0.34	0.68	0.48
Accounts Payable	0.85	0.35	0.85	0.82	0.59	-0.22	0.83	-0.22	0.73	0.81	0.45	0.84	0.8	0.77	-0.6	0.52	0.41	0.51		0.85	0.79	0.79	0.92	0.56	0.92	0.25
Non Current Assets Total	0.97	0.72	0.98	0.92	0.74	-0.24	0.71	-0.24	0.78	0.97	0.39	0.99	0.89	0.96	-0.8	0.77	0.78	0.71	0.85		0.73	0.89	0.96	0.64	0.98	0.65
Non Currrent Assets Other	0.72	0.28	0.67	0.74	0.44	-0.18	0.59	-0.18	0.62	0.6	0.23	0.65	0.67	0.58	-0.33	0.25	0.44	0.61	0.79	0.73		0.82	0.82	0.43	0.76	0.1
Long Term Debt	0.92	0.58	0.86	0.93	0.49	0.01	0.56	0.01	0.83	0.82	0.41	0.86	0.9	0.81	-0.67	0.59	0.75	0.73	0.79	0.89	0.82		0.94	0.65	0.89	0.46
Net Receivables	0.98	0.6	0.96	0.96	0.6	-0.11	0.75	-0.11	0.84	0.9	0.44	0.94	0.94	0.89	-0.76	0.64	0.69	0.72	0.92	0.96	0.82	0.94		0.66	0.98	0.51
Common Stock Total Equity	0.75	0.79	0.71	0.79	0.11	0.41	0.46	0.41	0.88	0.56	0.87	0.65	0.8	0.53	-0.41	0.71	0.68	0.34	0.56	0.64	0.43	0.65	0.66		0.6	0.53
Inventory	0.96	0.6	0.97	0.92	0.72	-0.24	0.74	-0.24	0.78	0.95	0.41	0.98	0.9	0.94	-0.8	0.69	0.67	0.68	0.92	0.98	0.76	0.89	0.98	0.6		0.55
Other Current Assets	0.65	0.85	0.71	0.6	0.47	-0.02	0.28	-0.02	0.52	0.65	0.3	0.69	0.62	0.69	-0.69	0.7	0.75	0.48	0.25	0.65	0.1	0.46	0.51	0.53	0.55

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Luna Innovations Account Relationship Matchups

Luna Innovations fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	86.5M	131.0M	130.2M	151.0M	173.7M	182.3M
Other Current Liab	12.2M	20.9M	18.6M	12.9M	14.8M	8.0M
Total Current Liabilities	17.0M	30.1M	32.7M	33.6M	38.7M	40.6M
Total Stockholder Equity	67.5M	74.4M	81.9M	93.4M	107.4M	112.8M
Net Debt	(21.7M)	17.3M	4.3M	22.3M	20.1M	21.1M
Cash	25.0M	15.4M	17.1M	6.0M	6.9M	6.6M
Other Assets	1.9M	2.5M	3.6M	7.9M	9.1M	9.5M
Cash And Short Term Investments	25.0M	15.4M	17.1M	6.0M	6.9M	6.6M
Common Stock Shares Outstanding	31.8M	32.6M	31.7M	32.6M	37.5M	39.4M
Liabilities And Stockholders Equity	86.5M	131.0M	130.2M	151.0M	173.7M	182.3M
Non Current Liabilities Total	2.0M	26.5M	15.6M	24.0M	27.6M	28.9M
Other Stockholder Equity	83.7M	87.6M	93.5M	99.3M	114.2M	66.6M
Total Liab	19.1M	56.6M	48.3M	57.6M	66.2M	69.6M
Total Current Assets	58.1M	75.5M	82.4M	87.9M	101.1M	106.1M
Short Long Term Debt Total	3.3M	32.7M	21.5M	28.3M	32.6M	34.2M
Other Liab	2.0M	214K	445K	346K	311.4K	295.8K
Property Plant And Equipment Net	3.5M	14.8M	8.1M	9.6M	11.0M	5.6M
Current Deferred Revenue	3.9M	7.1M	4.6M	4.1M	4.7M	2.8M
Retained Earnings	(16.2M)	(13.0M)	(11.6M)	(2.3M)	(2.1M)	(2.2M)
Accounts Payable	2.8M	2.9M	2.8M	8.1M	9.3M	9.8M
Non Current Assets Total	28.4M	55.5M	47.8M	63.1M	72.6M	76.2M
Non Currrent Assets Other	3.8M	39K	247K	3.3M	3.7M	3.9M
Net Receivables	21.5M	26.1M	26.1M	40.9M	47.1M	49.4M
Common Stock Total Equity	31.8K	33K	34K	35K	40.3K	21.6K
Inventory	10.3M	23.6M	22.5M	36.6M	42.1M	44.2M
Other Current Assets	1.3M	11.0M	16.7M	4.3M	5.0M	5.2M
Property Plant And Equipment Gross	3.5M	14.8M	8.1M	9.6M	11.0M	5.6M
Accumulated Other Comprehensive Income	0.0	(248K)	(33K)	(3.6M)	(3.3M)	(3.4M)
Short Term Debt	1.3M	6.1M	6.3M	4.8M	5.5M	5.8M
Intangible Assets	10.2M	20.1M	17.2M	18.8M	21.6M	22.6M
Common Stock	32K	33K	34K	35K	40.3K	21.6K
Property Plant Equipment	3.5M	3.3M	8.1M	4.9M	5.6M	4.6M
Good Will	10.5M	18.1M	19.0M	26.9M	31.0M	32.5M
Net Tangible Assets	46.7M	36.2M	45.8M	93.4M	107.4M	112.8M
Retained Earnings Total Equity	(16.2M)	(13.0M)	(11.6M)	(2.3M)	(2.6M)	(2.8M)
Long Term Debt Total	23.1K	15.8M	11.7M	20.7M	23.8M	25.0M
Capital Surpluse	88.0M	92.4M	98.7M	104.9M	120.6M	88.4M
Capital Lease Obligations	1.3M	12.7M	5.6M	5.1M	5.9M	6.1M

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When determining whether Luna Innovations offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Luna Innovations' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Luna Innovations Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Luna Innovations Incorporated Stock:

How To Invest In Luna

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Is Luna Stock a good investment?

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What is Luna Innovations' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luna Innovations Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luna Innovations. If investors know Luna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luna Innovations listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.68)

Earnings Share

(0.03)

Revenue Per Share

3.487

Quarterly Revenue Growth

0.053

Return On Assets

0.0055

The market value of Luna Innovations is measured differently than its book value, which is the value of Luna that is recorded on the company's balance sheet. Investors also form their own opinion of Luna Innovations' value that differs from its market value or its book value, called intrinsic value, which is Luna Innovations' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luna Innovations' market value can be influenced by many factors that don't directly affect Luna Innovations' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Luna Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luna Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luna Innovations' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Luna Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Luna Innovations fundamental ratios Correlations

Luna Innovations Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Luna Innovations fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Total Liab

Other Liab	- 0.87	Short Long Term Debt Total
Other Liab	- 0.86	Non Current Liabilities Total
Other Liab	- 0.84	Total Liab
Inventory	- 0.8	Other Liab
Non Current Assets Total	- 0.8	Other Liab
Cash And Short Term Investments	- 0.8	Net Debt