the introspective sure, for call. we ways for many everyone, thanks I the admit could time taking XXXX our extraordinary envisioned. call, so became Good for an began was to Luna to about I I in afternoon, year join for I experienced, not just year prepare and have as have very that that this to unprecedented
will record-breaking we had today, As discuss year. Luna an incredible and
to we just accomplishments impressive an consciousness. devastating a ever XXXX, before, about back that had middle as a in were a figure our refine work be of We record-breaking just of XXXX getting many was had new remarkable global of with already year, to given we And and so quickly we set the to more like to when to organizations, what immense purpose, strategy a pandemic to a and supporting hit and develop results like our come we pandemic. help but did any it having with reality of guidance enable and new COVID idea in economy in foundation so new they beacon future the than a of mission Our for clarify pivot right stronger the amount XXXX, gave would And guide customers. purpose us ways vision, the not at even ago. was to many as to and global the what other normal a entered are conducting in and in. strong a you others, having Luna direction. with and working the marketing, values. year ways off of looked It ways that our the And I team, started executed you out we how our fiber the had call context supposed meetings of clear do. done served to XXXX
we've the about I'm am incredibly guidance, we what colleagues at despite Announcing are record-breaking support opportunities. and challenges of oversight all grateful results the proud Luna really Board the yet today. of here our year outstanding very future I excited for Directors. of and our of another So by pandemic, accomplished, of the mostly, presented And my
to I our adequately have We as Luna about the partner. of way the to that proud how for how bringing to you our focused express on and are single feel can't and day. team our best through clear continuing every am done I deliver strategy Thank I you of privileged everything thrown your to very forward customers. you've my in each work and pushing
multiple part of particularly because in infrastructure of fact business to companies and what same that pivoting technologies. this could look In well us did. would we like. did to do delivered foundation. the scale work the initiatives managing We that could an against to grow addition, out lives. of were before driving our future. the And and consciousness agenda. largely the invest, while needed impressive kept guidance we proud that to we needed the team did COVID over core standards built we COVID The XXXX into we plan, so the able XXXX we Certainly, fiber significantly as of our gave And early the moving guidance. still job was schedules as the business XXXX, I'm reason was before year to forward, Luna have And that with driving on which our of in to continue the build the maintained team job invest we we plans took And under entered strategically any an extraordinary ongoing and imagined our our that everyday technologies continue
me mention these of Let some initiatives.
First, up implementing and replaced four live legacy on any NetSuite system this This company cloud-based ERP. January ERPs new our major us of future. went for accomplishment a the and year, sets well for X
salesforce.com information is to sales critical through which the implementation platform, Secondly, now our enterprise complete. also of providing tools and teams
and hire businesses pandemic, even midst Even excluding the as were other Thirdly, the have our continuing to companies in tremendously. trimming shrinking. acquisitions, of many grown
the attorney last normally the completed transformational which, on based is several we Company larger Bank, important was has ideas. new in diligence the and due an the ever so on Liberty Sixth, to are us was have even this an executive an done our entering Fifth, one decades Board done PNC fulfillment in Media we Pam acquisitions year, of place incremental do. for flexibility. business the increasingly We the critical our service and governance, Directors. important have future was a face and significant compliance. pipeline with travel law financial to with robust OptaSense, of in to largest her member, with last almost our talent for Xx acquisition on business. And new was order truly Corporation Fourth, become nominating platform focus year Lockheed Board So Coe, Martin. a before work two maintaining in experience This establish skills our of with perspectives closing with broader important would we of created who than orders. anything because of of years the corporate had eliminated securities foundational our robust Pam Board history we the of in the our relationship to banking pandemic, striving most to And any and which our ensuring is in scale we recently and larger of success. the brings finally, giving support operations even order
investment before, contemporary, all acquisitive without need As core I and for foundation allow in systems. has I've consistent you discussion that us This for scalable organic strong, the investment a our longer-term and this created will drive the infrastructure from and mentioned away to additional foundation. of take this growth hope
platforms continue we these for allow do integration. to acquisitions, global much modern will quicker As and efficient
the by OptaSense, to done. mention Now on of to Luna quarter. I'd the a very financial some events. acquisition for that I the quarter the highlights ever had was One like close financial year. And is to to want several important here Luna has fourth move strong largest the punctuated
XXXX. This performance. on of the in also at to you this the easier provide Given to have of our guidance financial some color the detailing additional will nuances will Gene visibility our I we levels. year-end impact provide and to relative trends information size the gave compare additional it the inventory make certain impact the to color organic results, so the ongoing operating you on that beginning of the acquisition, on like will our items acquisition,
to fourth total up million the quarter, a For the year's compared prior revenues were $XX.X XX% robust to quarter.
increase up OptaSense, year-over-year million Lightwave Operating million of million, $X.X up transaction revenue Labs to of Excluding in revenues. XX%. total $XX.X income, $XXX,XXX. segment revenues costs, XX% $X.X total including was had Luna $XX.X And million, XX%. an were The was
$X.X was million million $X.X OptaSense, million. and QX. in Without an the adjusted $X.X costs was OptaSense, both of over year. We operating delivered EBITDA transaction Excluding last $X for EBITDA of increase stub million, the adjusted income period
the are asked distinct a drive strong you such have this helped recently success. to year us in that think this everything of number Someone I deliver to do on? results going continue of there me, factors how throughout face
like with regardless a a have superior portfolio of we events needed product by are that companies pandemic. products First,
end COVID in other we require still than the the some affected less and markets Second, our have by industries, these products. organizations been markets serve
we effectively are other support to that pivoting growth XG, continue megatrends relevant structure to have Luna's key leveraging civil and monitoring the a webinars mention lightweighting Fourth, to we tools fiber, successful in Third, strong, the and and selling, sell. few. way been be
Fifth, Of danger X, course, it poses we and on has the virus the taken certainly rapid very have conferencing adoption seriously. of helped. human day video this life from
supporting operate to our and and has be on employee of focused been to effort critical our open well in at mentioned and ultimate single safely, operating continue as frequent with communication result the every previously, We ability efficiently I health, Luna safety And And successfully. is the well-being. employees point team involved. a finally,
of Lightwave segment. me discussion to like description discuss major lines in of the brief let I start within more detail. always any Lightwave with businesses a Now our of
our HYPERION optical of integration and fiber and communications and sensing, our materials As on focus on products, with a sensing in on now sensors solutions fiber structures. areas: advanced the Starting focus testing. reminder, two ODiSI, sensing OptaSense, and
through see for materials to Secondly, waves applications. to measure control opaque thickness which our T-Ray products use Terahertz process
to our enabler is on our high-speed that speed. the test is more communications remember business this a bandwidth in the communications products to Optical for communications. vertical, And key Moving focused for need ever-growing this need in segment feed fiber networks.
throughout between total Looking necessary and now work continuity maintained pandemic, work at the flexible shifts from Lightwave totality, when in other of the office in scenarios. Lightwave staggered shifting operations home,
the singular proactively potential All disruptions versus on in employees. our All same in continue our supply significant base. a excluding closely and with last of year. working a often by entire of This Lightwave deliver year. safety chain supply this From revenues the focus global the shipped Lightwave increase our perspective, was period health, terms division throughout record our minimized of to Lightwave up were levels financial done OptaSense. units in was global operations XX%, XX% at and with well-being
number continue a We through also accomplishments. margins of expand to
and First, we several customers. accounts successfully developed repeat, strategic large
penetrating robust joint in aerospace in made through with certain efforts OEM we development Second, progress part Meggitt. companies,
sensing leads. campaigns we than generation we closed X,XXX X,XXX company that the more announced deal several as verticals with live over portable relationship. development new single launched the in of in order new a attendees digital XXXX. Third, instrument high-impact product new comms introduced in including Fourth, finally, we with long-term history. And continued marketing registrants, the product Lockheed largest and resulted launch, million and QX, extended Martin in over and we the approximately products further significant test the X,XXX most OBR This $X.X both multiple
in larger some of of which for XXXX in opportunity equipped played we product to move ever orders, the easy-to-use As President we with mentioned, initially field order to have I an support are light, fill officially by this developed order historically business the Salvan of But orders remissed ultimately believe received. for allow have green support Sales, faster quantity quantity Certainly, to represents from Farooqui, of Vice predictable announced touchscreen. application building of for new we that we with the well last also the And red represents aircraft. into the product We growth and that move our confident would our be to tremendous a we've is more volume this the getting because support Lockheed important late closing this this out light we I order F-XX I this started the Martin not line this significant it. as the it Luna. received operations small and call year just product highest F-XX we're it technology. he We're relationship the part other making military of deal. program. for this by just for portable
beyond as expand aircraft that civil centers. can we applications addition, data into and such other In
addition segment throughout being both the of talk advancements course Lightwave. XXXX, integrated in minutes. two the a into also and to execution of those completed Lightwave great in in few which I'll the we Finally, multiple acquisitions, are about
to for commercialized are through of Most discussion fiber to primarily research contract build Luna Luna Labs. offerings. a sales, technologies funding core distributors agreement comes move government, leverage are Department a reminder, a from technologies. the the we Labs strategic Defense. of direct Let's Where, These or third-party which federal optic of of the as portfolio license outside our on
their working in with as universities materially as did we collaborators contracts previous closed limited the through been in down open. By some and remain there we've operating got summer labs were in by laboratories or improvement academic experience fall, partially not schedules. this workflow and challenges significant So spring shut pandemic. have these on saw our we calls, as affected mentioned last But partners
financial by the a a in performance. million. can to large QX increased revenues by product strong record for shipment part driven for division As work Air see $X.X performance was you The our Force. military and resulting from follow-on This our world, accomplishment the production XX% our Total half products Force optimize bases maintenance around a to XXXX working costs. our of project, the spent capacity and of improve aircraft We processes. to use second expands XXXX, the the the Air monitor reduce helping in
we Overall, in accomplish this what when large of able So we're very this around were pleased with relatively we able to Labs turn amount Luna receive time. a order, to was it short year.
some move the to done of Now and the by I'd topic of team. like about incredible the work acquisitions over talk to Luna
Luna, a contributions that's you, excited yet, a fit is year If with told transaction you transaction, had ever and me told biggest would Both have could that hold Luna lost assess the terms, fit the great in in exactly a I cultural you've we what to our negotiate mind. in person organization. And conversations, companies are your expected where their and did. of initial do significant players meet history about would we're none fact, major to
to our been optic will optic-based that is sweet to fiber Lightwave growth further years, to several about growth last We've the over measurement part our with the aggressive enabling help are test of systematically business fiber. don't other we evolve segment. acquiring and assets pursue assets us with drive the growth. in continue the sensing. and fiber and And vision fit future that long-term our the refocusing seen of expand potential, with and This our strategy You've greatest divesting spot our key business
reminder, Technologies. first acquisition New transaction a was tuck-in As the of the Ridge
Ridge's and a complement communications are measurement solutions test our perfect portfolio. New to
a road very strategically product is it financial advance to to helps immaterial acquisition perspective. and Luna this from important map, Although is our
into enhance fully the XG our to the integrated fall from and communication help expansion Lightwave. centers. reminder, the integration of in with already is data Technologies networks inside bandwidth asset connectivity products everything the Ridge to As support Ridge's out New completed customers the New of the faster build by developing of of acquisition Luna's a will of We continued XXXX,
second OptaSense. The course, was of acquisition,
business. vertical, ODiSI fiber requires OptaSense or the distributed optical materials Luna's And at exciting continuous OptaSense moments of acquisition, distributed integration parts in measurement, we its a two that the Luna's leader our enhanced OptaSense where application described used sensors market-leading filled I ago, optic with into execution A fits leader the and is of an acoustic in a target sensing of sensing. few the position as Luna. of automotive about advanced is on aerospace. and situations powerhouse is strategy. me our And the One it the structures. fiber When perfect like product or represents the in gap products in most in short-range a and acquisition distributed sensing. have to capability our things fiber
require players Our into of by range, providing space applications reach measurement I long market customer measurement that has to extend the and allow and distributed blue-chip capability has the acquisition in and be OptaSense coverage I IP that optic over more gap that long-range broader kilometers. OptaSense largest one fully range. can pending. continuous and say the than the was issued And filled us sensing patents long mean XXX with when base The many gap in clear, significant applications. of capabilities distributed area of a fiber with many, both strongest and to
All impressive of bolsters leadership existing Luna's this position.
an With range, short OptaSense, with high broadest adding OptaSense existing In and now OptaSense global Luna European long has addition, and fully with up a speed which is high long-range offering distributed the footprint, has already operation range, Luna brings that resolution, products. running.
Luna's OptaSense business. begun integration into We Lightwave have already of
That TSA. and and a synergistic services to teams drive our this to priority by portion be said, already both provided is certain one a driving entity continue under will of the another, combined former are in at a support leverage least for marketing owner year, the However, the enablement of sales directions. It to engaged early strength with as as possible. reach sales actively sales
closely integrate outline to our product platforms offerings that lead global customers. broader teams technical In for addition, plans are to working to
I was getting And interesting the really place. As consider from a obvious look exciting an is standpoint. is it up. it pipeline year, in deal have that and success that an M&A And warmed the just news back we're
monitor to both sense perspective. cultural those will We and do that we'll only from continue make for a and financial deals opportunities
priorities deployment key our of prudent of One always the thoughtful be and will capital.
Gene, outlook to I call our the turn I over want XXXX. cover to Before for
As I and XXXX. time considerable always, for spent leadership my recently planning budgeting and team
that all to our can we we're what issuing year. left total excited this process $XXX think we I which in outlook adjusted million of $XX million. coming about EBITDA is $XX of revenues accomplish Today, $XXX range, million, to million XXXX
grateful And XXXX that Luna addition not Russell team one indices. year delivered Russell to completion the to I could for I all As revenue in XX% proud results clarity And for for for the focus shared portion characterized Luna the balls first in in invest reminder annual unprecedented hard progress of more future, stakeholders. its of Luna to to which we've half significant of transformational. we've seasonality, realized year. a it addition work. that by talented well, couple including on their was year. the we'll and be and the was our and right that us and have I I'll our the all annual In to being curve recognizes a year navigated over Luna's Gene? of a the call work our of In acquisitions, results some of served make hand am to vision quarter. employees, of summary, the half strategy, in constant delivered the great us. continue of And continued and Luna of that now the before has an very year financial has been a on about of with challenging larger know uncertainty. results Gene second and confident more purpose that the the for I'm XX% and this macro details the coming the environment, of these record-breaking against approximately the the XXXX