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.

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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., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Paul Folino, Chairman of the Lantronix Board of Directors, passed away on Saturday, October 14, 2023. Mr. Folino was not standing for re-election to the Board of Directors at Lantronix's 2023 Annual Meeting of Stockholders, being held on Nov. 7, 2023.

Lantronix Announces the Passing of Chairman of the Board Paul Folino

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Lantronix, Inc. (LTRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Lantronix, Inc. (LTRX) a New Buy Stock

Lantronix, Inc. (NASDAQ:LTRX ) Q4 2023 Results Conference Call September 7, 2023 5:00 PM ET Company Participants Robert Adams - Head-Corporate Development, IR Jeremy Whitaker - Interim CEO, CFO Conference Call Participants Scott Searle - ROTH MKM Mike Walkley - Canaccord Genuity Christian Schwab - Craig-Hallum Ryan Koontz - Needham Operator Hello, and welcome to the Lantronix 2023 Q4 Results Conference Call. [Operator Instructions] Please note, this event is being recorded.

Lantronix, Inc. (LTRX) Q4 2023 Earnings Call Transcript

Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.08 per share a year ago.

Lantronix, Inc. (LTRX) Q4 Earnings Top Estimates

IRVINE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) --  Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its fourth quarter of fiscal 2023.

Lantronix Reports Results for Fourth Quarter of Fiscal 2023

IRVINE, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) --  Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced it will release financial results from its fiscal 2023 fourth quarter ended June 30, 2023, after the close of the market on Thursday, September 7, 2023.

Lantronix to Report Fiscal 2023 Fourth Quarter Results on September 7, 2023

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Representing Lantronix's Global and Diverse Partner Ecosystem, SmartEdge Channel Partner Winners Deliver Lantronix Solutions to the World Representing Lantronix's Global and Diverse Partner Ecosystem, SmartEdge Channel Partner Winners Deliver Lantronix Solutions to the World

Lantronix Announces 2023 SmartEdge Channel Partner Program Award Winners

IRVINE, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that technology executive Philip Brace is joining the Company's Board of Directors as an independent director, effective Aug. 8, 2023. Following the appointment of Brace, the Board will comprise of six directors, all of whom are independent under applicable listing standards of the Nasdaq Stock Market.

Lantronix Appoints Philip Brace to Its Board of Directors

A Cisco Preferred Solution Partner, Lantronix delivers powerful OOB solutions for datacenters and remote sites A Cisco Preferred Solution Partner, Lantronix delivers powerful OOB solutions for datacenters and remote sites

Lantronix to Display Advanced Out-of-Band Software and Hardware Solutions at Cisco Live

IRVINE, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Paul Pickle will be resigning from his role as president and chief executive officer and as a director of Lantronix to pursue another opportunity as the chief executive officer of Semtech Corporation (Nasdaq: SMTC). Mr. Pickle's resignation will be effective as of a date yet to be determined, between June 8, 2023, and June 29, 2023. Until the effective date of his resignation, Mr. Pickle will continue in his current officer and director roles while the company conducts a search for a new CEO. If a new CEO has not been appointed by Mr. Pickle's last day with the company, the company's chief financial officer, Jeremy Whitaker, will serve as interim chief executive officer of the company until the board of directors appoints a new permanent CEO. Mr. Whitaker also served as the company's interim CEO for brief periods during 2015 and 2019 and will continue to serve as CFO of the company, a position he has held since September 2011.

Lantronix Announces CEO Transition and Continuity Plan

Lantronix, Inc. (LTRX) Tops Q3 Earnings Estimates

IRVINE, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced it will release financial results from its fiscal 2023 third quarter ended March 30, 2023, after the close of the market on Wednesday, May 10, 2023.

Lantronix to Report Fiscal 2023 Third Quarter Results on May 10, 2023

Lantronix ranked among the “10 Coolest IoT Hardware Companies,” which include Cisco, Dell Technologies, Hewlett Packard, Intel, Lenovo and Nvidia Lantronix ranked among the “10 Coolest IoT Hardware Companies,” which include Cisco, Dell Technologies, Hewlett Packard, Intel, Lenovo and Nvidia

Lantronix Named to the CRN 2023 Internet of Things 50 List, a Ranking of the Most Influential IoT Solution Providers

The growing demand for industrial IoT applications, such as smart cities, smart grids, remote healthcare, industrial modernization, and defense security, presents a significant opportunity for Lantronix. The company remains confident in the transformative impact of the Gridspertise win and expects to achieve ~15% EBITDA margin in FY24, driven by revenue growth and operating leverage.

Lantronix: Positioned For Success In Industrial IoT Market With Specialized Products And Strategic Acquisitions

Monitor and manage globally distributed assets with Lantronix's X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support Monitor and manage globally distributed assets with Lantronix's X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support

Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

Now available, the new Open-Q chipset modules use Qualcomm System-on-Chip products for a comprehensive, cost-effective solution for everyday robotics and IoT products Now available, the new Open-Q chipset modules use Qualcomm System-on-Chip products for a comprehensive, cost-effective solution for everyday robotics and IoT products

Lantronix Introduces New Open-Q Family of SIP Modules That Deliver High-Performance for Mass Market Robotics and IoT Projects

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Lantronix, Inc. (NASDAQ:LTRX ) Q2 2023 Earnings Conference Call February 9, 2023 5:00 PM ET Company Participants Rob Adams - Investor Relations Paul Pickle - President and Chief Executive Officer Jeremy Whitaker - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Mike Walkley - Canaccord Genuity Ryan Koontz - Needham & Company Christian Schwab - Craig-Hallum Capital Group Operator Good day, ladies and gentlemen and welcome to the Lantronix, Inc. 2023 Q2 Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Lantronix, Inc. (LTRX) Q2 2023 Earnings Call Transcript

Lantronix, Inc. (LTRX) delivered earnings and revenue surprises of 300% and 0.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Lantronix, Inc. (LTRX) Beats Q2 Earnings Estimates

IRVINE, Calif., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its second quarter of fiscal 2023.

Lantronix Reports Results for Second Quarter of Fiscal 2023

Lantronix, Inc. (LTRX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Lantronix, Inc. (LTRX) to Report a Decline in Earnings: What to Look Out for

IRVINE, Calif., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced it will release financial results from its fiscal 2023 second quarter ended Dec. 31, 2022, after the close of the market on Thursday, Feb. 9, 2023.

News for Lantronix Stock (LTRX)