Key Developments: Luna Innovations Inc (LUNA.OQ)
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Latest Key Developments (Source: Significant Developments)
Luna Innovations Inc Announces Multi-Year Agreement With Intuitive Surgical Inc
Luna Innovations Inc announced a multi-year agreement that amends its development and supply agreement with Intuitive Surgical, Inc. The agreement provides for the achievement of various development milestones through 2015. The new agreement builds on previous work between the companies to integrate Luna`s high-speed shape-sensing technology into Intuitive`s platform for robotically-assisted minimally invasive surgery. The agreement covers the work planned over a multi-year period so that the component representing Luna`s technology is ready to be brought to market. Under the existing development and supply agreement, Luna is the exclusive supplier to Intuitive of these components. Full Article
Luna Innovations Inc Sells Secure Computing And Communications Group To MacAulay-Brown, Inc
Luna Innovations Inc announced the sale of its Secure Computing and Communications (SCC) group to MacAulay-Brown, Inc. (MacB). Financial terms were not disclosed. Full Article
Luna Innovations Incorporated Reaffirms FY 2012 Guidance; Issues Q2 2012 Guidance
Luna Innovations Incorporated announced that it continues to expect total revenue for fiscal 2012 to be in the range of $32.5 million to $37.0 million. Also for fiscal 2012, the Company continue to anticipate a net loss to common stockholders in the range of $0.2 million to $1.2 million. For the second quarter of 2012, the Company expects revenue of $8.5 million to $9.0 million and a net loss attributable to common stockholders of $0.1 million to $0.3 million. Full Article
Luna Innovations Incorporated And Intuitive Surgical, Inc. Extend Development And Supply Agreement
Luna Innovations Incorporated announced that it will be extending its development work through 2012 under its development and supply agreement with Intuitive Surgical, Inc., as they work towards the integration of Luna’s shape and position sensing technology into Intuitive’s medical robotic products. This extension is to the multi-year development and supply agreement the companies entered into in June 2007, under which Luna would supply and license to Intuitive its fiber-optic based shape sensing and position tracking system for use in Intuitive’s products. Full Article
Luna Innovations Incorporated Issues Q1, FY 2012 Guidance
Luna Innovations Incorporated announced that for the first quarter of 2012, the company expects revenue of approximately $8.0 million to $8.5 million and a net loss attributable to common stockholders of approximately $0.2 million to $0.6 million. For fiscal 2012, it expects total revenue to be in the range of $32.5 million to $37.0 million. The company anticipates a net loss to common stockholders in the range of $0.2 million to $1.2 million. Full Article
Luna Innovations Incorporated Issues Q4, FY 2011 Guidance
Luna Innovations Incorporated announced that for fourth quarter of 2011, it expects revenue of approximately $8.0 million to $8.5 million and a net loss attributable to common stockholders of approximately $0.7 million to $1.0 million. For fiscal 2011, it expects total revenue to be in the range of $35.6 million to $36.1 million and net loss to common stockholders in the range of $1.8 million to $2.0 million. Full Article

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