Luna Innovations Incorporated (NASDAQ:LUNA) Q1 2022 Earnings Conference Call May 16, 2022 8:30 AM ET

Company Participants

Allison Woody - Director of Administration

Scott Graeff - President and Chief Executive Officer

Gene Nestro - Chief Financial Officer

Brian Soller - Chief Operating Officer

Conference Call Participants

Barry Sine - Spartan Capital Securities LLC

Alex Henderson - Needham & Company, LLC

Christopher Sakai - Singular Research

Dave Kang - B. Riley FBR

Operator

Good day, and thank you for standing by. Welcome to the Q1 2022 Luna Innovations Incorporated Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. Please be advised that today’s conference is being record. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Allison Woody, Director of Administration. Please go ahead.

Allison Woody

Thank you. Good morning, and thank you for joining us today. This morning, we issued our first quarter 2022 earnings press release. In addition, as usual, we posted to the Investor Relations section of our website a presentation with supplemental information for the quarter. If you do not have a copy of the release or the supplemental materials, please check our website at lunainc.com. We will also post a replay of this call to our website. Some of our comments and discussions today are based on non-GAAP measures. These adjusted numbers exclude the effect of certain non-cash expenses and other items. The adjusted results are a supplement to the GAAP financial statements. Luna believes the presentation and exclusion of these items is useful in order to focus on what we deem to be a more reliable indicator of ongoing operating performance.

Before we proceed with our presentation today, let us remind you that statements made on this conference call as well as in our public filings, releases and websites, which are not historical facts, maybe forward-looking statements that involve risks and uncertainties and are subject to changes at any time, including, but not limited to, statements about our expectations regarding future operating results or the ongoing prospects of the Company. Actual results may differ materially as a result of a variety of factors. More complete information regarding forward-looking statements, risks and uncertainties is available in the Company’s SEC filings, which can be found on the SEC website and our website. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments, except as required by law.