As CFO for ImaginAb, Inc., a clinical stage immuno-oncology imaging company, Mr. De Luna transformed the company from insufficient cashflow, financials, and budgeting to audit-ready financials and an annual budget in his first three months. He positioned the company to successfully raise capital and establish sustainable business with more than $10M in Series B preferred stock financing.
As CFO for Flora California, Inc., Mr. De Luna positioned this large-scale vertically integrated cannabis company for successful Series C funding to scale the business from initial product launch to more than $100M in revenue spanning multiple brands and consumer products.
In 2016, Mr. De Luna joined TGG Accounting, a leading provider of outsourced accounting and business advisory services, where he established the Orange County office and served as CFO or Controller for more than 20 corporate clients ranging from start-ups to entities with 1,000+ employees. In less than 18 months, he enabled two software companies to effectively enter competitive markets and turned five other clients around from revenue loss to consistent profitability.
In 2015, Mr. De Luna led a rapidly growing, $430M public real estate company, The New Home Company, to successfully file its first annual report with XBRL tagging (Form 10-K) and complete a $47M follow-on equity offering while ensuring all SEC, GAAP, and SOX reporting requirements were met.
Earlier in his career, Mr. De Luna shepherded Edison Mission Energy through Chapter 11 bankruptcy proceedings to emerge as a major market player after a $2.6B asset sale to NRG Energy. In a complex SAP environment, he delivered timely, accurate, and complete financial statements, formal and standard processes, and strong financial reporting controls for 275 legal entities.
As Acting CFO for a $100M Motorola subsidiary, Vertex Standard USA, Mr. De Luna returned the company to profitability in less than two years. He drove double-digit sales growth, eliminated financial misstatements, reduced the delinquent backlog more than 90%, and strategized a seamless integration of a $50M operating division with Motorola.
He began his career in finance and accounting with various companies, including TigerLogic Corp. (now Rocket Software, Inc.), Hein & Associates LLP (now Moss Adams LLP), and BALtrans Logistics, Inc. (now Toll Global Forwarding). In these roles, Mr. De Luna contributed in various functions as Corporate Controller, Assistant Corporate Controller, Accounting Manager, Senior Financial Analyst, and Audit Senior.
Mr. De Luna earned credentials including a CPA and CGMA plus a Bachelor’s degree in Business Administration with a concentration in Accounting from California State University, Fullerton. He brings the knowledge, experience, and expertise required to raise capital, complete multimillion-dollar public offerings, and guide corporations through large asset sales of up to $2.6B+, financial restructurings, and reorganizations.