LUNA INNOVATIONS INC: auditor change — Luna Innovations restates 2022 annual and multiple interim financials on revenue recognition errors

LUNA INNOVATIONS INC

Restating FY2022 annual and all 2022 quarterly financials plus Q1 2023 due to improper revenue recognition.
Previously issued earnings releases and investor communications for those periods should not be relied upon.
Audit Committee identified material weaknesses in internal control; disclosure controls deemed ineffective as of each affected period.
Independent review ongoing; company cannot estimate when restated financials will be filed.
Ernst & Young audit report for 2022 annual financials is also no longer reliable.

item 4.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

LUNA INNOVATIONS INC reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Ernst & Young LLP

Exact text from the filing

the report of Ernst & Young LLP included in the previously issued 2022 Annual Financial Statements should no longer be relied upon

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Source: SEC EDGAR

accession 0001239819-24-000054

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