Lantronix

Lantronix, Inc. engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). Its products and solutions include IoT, REM and Other. The company was founded by Bernhard Bruscha in June 1989 and is headquartered in Irvine, CA.

Earnings data Q3 2021

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Lantronix reports sequential revenue growth and improved gross margin

Lantronix's third-quarter performance showed revenue growth and improved gross margin, but the company reported a GAAP net loss. Despite this, the non-GAAP net income and solid cash position demonstrate resilience. Addressing financial challenges and capitalizing on opportunities will be crucial for the company's future success.

Lantronix reports stable Q2 revenue, eyes growth with Gridspertise

Lantronix's Q2 2023 performance showed stable revenue with a slight sequential decrease and a focus on improving operational efficiency.
The company's strategic contract with Gridspertise and positive outlook for fiscal 2023 indicate growth potential.
While facing challenges like supply chain issues, Lantronix aims to leverage opportunities for growth and enhance financial stability.

Lantronix reports Q3 revenue growth, targets $250M annual revenue

Lantronix's Q3 performance showed revenue growth, strong cash position, and focus on IoT solutions and software services.
Challenges include supply chain constraints, declining system solutions revenue, and competitive dynamics.
Opportunities lie in pursuing identified growth sectors, setting revenue targets for FY 2024, and expanding software and services revenue.
Overall, Lantronix aims for continued growth, targeting $250 million in annual revenue and addressing challenges through strategic focus.

Lantronix reports mixed Q4 results, eyes growth in fiscal 2024

Lantronix's FQ4 2023 showed mixed results with revenue growth sequentially but a year-over-year decline.
The company aims for substantial growth in fiscal 2024, targeting revenue of $175-185 million.
Challenges include profitability concerns, sequential revenue decline expected in Q1 2024, and ongoing CEO search.
Opportunities lie in improving gross margins, achieving growth targets, and identifying a new CEO for leadership stability.

Lantronix reports Q1 revenue growth, appoints new CEO for growth

Lantronix's Q1 2024 performance showed revenue growth driven by System Solutions and IoT solutions.
Maintained cash position and provided guidance for revenue growth in Q2 and fiscal year 2024.
New CEO appointment aims to steer the company towards future growth and profitability.

Lantronix reports record Q2 revenue but faces challenges ahead

Lantronix reported strong revenue growth in Q2 2024 but faced challenges with a net loss and lower IoT sales. The company's focus on strategic initiatives and cost synergies positions it well for future opportunities and growth.

Lantronix reports record revenue and strong growth prospects in key markets

Lantronix's Q3 2024 performance reflects robust revenue growth, profitability, and strategic positioning in key verticals, underpinned by strong financial health.
While the company faces challenges in a competitive landscape and market uncertainties, opportunities in smart cities, automotive infotainment, and enterprise segments offer avenues for sustained growth.
Balancing innovation, partnerships, and operational efficiency will be crucial for Lantronix to capitalize on market opportunities and navigate potential challenges in the upcoming quarters.

Lantronix posts record revenue in Q4 2024, eyes AI opportunities

Lantronix's Q4 2024 performance reflects robust revenue growth, profitability, and strategic market positioning across key verticals.
The company's strengths lie in diversified revenue streams, technological collaborations, and strong partnerships with industry leaders.
While facing challenges in sustaining growth and operational scalability, Lantronix is well-positioned to capitalize on opportunities in AI computing, market expansion, and shareholder value enhancement.

Lantronix reports Q1 revenue growth, eyes IoT leadership amid challenges

Lantronix's Q1 2025 performance showed revenue growth and positive non-GAAP net income, driven by strategic initiatives in acquisitions and collaborations. While facing challenges such as a sequential revenue decline in Q2 and a GAAP net loss, the company is well-positioned to capitalize on opportunities in IoT leadership and operational efficiency improvements.

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IRVINE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, today announced its participation in the 44th Annual Growth Conference hosted by Canaccord Genuity at the InterContinental Hotel in Boston.

Lantronix Announces CEO and CFO Featured at Canaccord Genuity's 44th Annual Growth Conference on Aug. 14, 2024

Award based on Lantronix E210 Router and its HY-LINE Digital Signage Case Study showcasing IoT solutions for global deployment Award based on Lantronix E210 Router and its HY-LINE Digital Signage Case Study showcasing IoT solutions for global deployment

Lantronix Inc. Wins 2024 IoT Evolution Business Impact Award From IoT Evolution Magazine

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Remotely connect and manage serial devices faster, more securely and with more options to suit the environment Remotely connect and manage serial devices faster, more securely and with more options to suit the environment

Lantronix Launches New EDS5000 Series Device Server

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Lantronix will preview Percepxion's seamless integration with the Qualcomm AI Hub Lantronix will preview Percepxion's seamless integration with the Qualcomm AI Hub

Lantronix to Demo Percepxion Edge AI Solution Prototype at Qualcomm AI Workshop on June 25, 2024

IRVINE, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced that Lantronix CEO Saleel Awsare will participate in one-on-one meetings with investors at the ROTH 10th Annual London Conference held June 26–27, 2024, at the Four Seasons London at Park Lane in London.

Lantronix to Participate in ROTH 10ᵗʰ Annual London Conference Held June 26–27, 2024

IRVINE, Calif., June 13, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, today announced that it has won a 2024 IoT Evolution Asset Tracking Award from IoT Evolution magazine.

Lantronix Wins 2024 IoT Evolution Asset Tracking Award for FOX3 Telematic Gateway

Lantronix IoT Solution Enables Digital Retail Shelf Signage Solution for HY-LINE Group - Digital Signage for Customer Engagement and Buying Behaviors

Lantronix IoT Solution Enables Digital Retail Shelf Signage Solution for HY-LINE Group

IRVINE, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, today announced that its innovative Percepxion® Cloud Software Platform and new FOX4 and Bolero 43 edge compute telematic trackers will debut at the upcoming IoT Solutions World Congress from May 21–23, 2024, at Barcelona's Gran Via Venue.

Lantronix to Display New Cloud Software Platform and Telematic Trackers at IoT Solutions World Congress

IRVINE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced the appointment of Mathi Gurusamy as its chief strategy officer (CSO), effective May 13, 2024.

Lantronix Inc. Appoints Mathi Gurusamy as Chief Strategy Officer to Drive Strategic Growth and Build Market Leadership

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Lantronix, Inc. (NASDAQ:LTRX ) Q3 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Jeremy Whitaker - Chief Financial Officer Saleel Awsare - President & Chief Executive Officer Conference Call Participants Jaeson Schmidt - Lake Street Mike Walkley - Canaccord Genuity Scott Searle - ROTH MKM Tyler Burmeister - Craig-Hallum Operator Good afternoon and welcome to the Lantronix Third Quarter Fiscal 2024 Earnings Conference Call. All participants will be in listen-only mode.

Lantronix, Inc. (LTRX) Q3 2024 Earnings Call Transcript

Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago.

Lantronix, Inc. (LTRX) Beats Q3 Earnings and Revenue Estimates

Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-Year Third Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year Third Quarter Non-GAAP EPS of $0.11 vs.

Lantronix Reports Record Revenue for Third Quarter of Fiscal 2024

IRVINE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc.  (the “Company”) (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2024 third quarter ended March 31, 2024, after the close of the market on Monday, April 29, 2024.

Lantronix to Report Fiscal 2024 Third Quarter Results on April 29, 2024

NEW YORK, NY / ACCESSWIRE / April 23, 2024 / If you suffered a loss on your Lantronix, Inc. (NASDAQ:LTRX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/lantronix-inc-lawsuit-submission-form?prid=76750&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Lantronix, Inc.(LTRX) of a Class Action Lawsuit and an Upcoming Deadline

LOS ANGELES, CA / ACCESSWIRE / April 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lantronix, Inc. ("Lantronix" or "the Company") (NASDAQ:LTRX) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 11, 2023 and February 21, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before April 23, 2024.

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Lantronix, Inc. with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lantronix, Inc. (NASDAQ: LTRX) between May 11, 2023 and February 8, 2024, both dates inclusive (the “Class Period”), of the important April 23, 2024 lead plaintiff deadline. SO WHAT: If you purchased Lantronix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO D.

LTRX DEADLINE TODAY: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Lantronix, Inc. Investors to Secure Counsel Before Important April 23 Deadline in Securities Class Action – LTRX

NEW YORK, NY / ACCESSWIRE / April 23, 2024 / If you suffered a loss on your Lantronix, Inc. (NASDAQ:LTRX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/lantronix-inc-lawsuit-submission-form?prid=76701&wire=1 or contact Joseph E. Levi, Esq.

Shareholders of Lantronix, Inc. Should Contact Levi & Korsinsky Before April 23, 2024 to Discuss Your Rights - LTRX

NEW YORK, NY / ACCESSWIRE / April 23, 2024 / If you suffered a loss on your Lantronix, Inc. (NASDAQ:LTRX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/lantronix-inc-lawsuit-submission-form?prid=76690&wire=1 or contact Joseph E. Levi, Esq.

Lost Money on Lantronix, Inc.(LTRX)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky

IRVINE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced that Lantronix CEO Saleel Awsare and CFO Jeremy Whitaker will participate in one-on-one meetings with investors at the 21st Annual Craig-Hallum Institutional Investor Conference to be held on May 29, 2024, at the Depot Renaissance Hotel in Minneapolis.

Lantronix to Participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming April 23, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ: LTRX) securities between May 11, 2023 and February 8, 2024, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On February 8, 2024, Lantronix released its second quarter 2024.

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