Exhibit 99.1

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Luna Innovations Reports
Strong Fourth-Quarter and Fiscal-Year 2018 Results


Fifth consecutive quarter of year-over-year, double-digit revenue growth
Total revenues of $13.5 million for the three months ended December 31, 2018, up 37% compared to the three months ended December 31, 2017; total revenues of $42.9 million for fiscal year 2018, an increase of 30% compared to fiscal 2017
Pre-tax income from continuing operations improved to $0.6 million for the three months ended December 31, 2018, compared to a loss of $(0.5) million for the prior-year fourth quarter; for fiscal 2018, pre-tax income from continuing operations increased to $1.3 million compared to a pre-tax loss from continuing operations of $(2.4) million in fiscal 2017
Net income attributable to common stockholders improved to $0.9 million for the three months ended December 31, 2018, compared to $0.4 million for the prior-year fourth quarter; for fiscal 2018, income attributable to common stockholders declined to $10.7 million from $14.5 million in fiscal 2017, primarily due to the smaller gain recognized on the sale of discontinued operations in 2018 compared to 2017.
Adjusted EBITDA of $1.6 million for the three months ended December 31, 2018 and $3.0 million for fiscal year 2018, and a gross margin improvement of 5 basis points for the full year

(ROANOKE, VA, March 4, 2019) - Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today reported strong financial results for the three months and fiscal year ended December 31, 2018.

“This has been an extraordinary year for Luna, and I’m extremely pleased with our performance in the fourth quarter and for this fiscal year,” said Scott Graeff, President and Chief Executive Officer of Luna. “Our strong financial results underscore how we have executed on our strategy to realign Luna's business to focus on our core, fiber optic-based test and measurement offerings. We’ve identified and acquired new businesses to complement our existing platforms and have been committed to divesting those businesses that no longer fit our growth profile as an organization. These actions, combined with the strength of our customer base in rapid-growth industries, have driven Luna’s fiscal 2018 performance, and we are well positioned for future growth.”

Graeff continued, “As prudent stewards of capital, we believe that the acquisition of General Photonics, a leader in characterization and control of light for photonics applications, will only continue to drive Luna’s growth. This



The following information was filed by Luna Innovations Inc (LUNA) on Monday, March 4, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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