IRVINE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today launched its new FOX4 and Bolero 43 edge compute tracker telematic gateways. Designed for assets and fleet management, both products come pre-configured with Lantronix's Percepxion™ IoT edge software platform, which provides secure, comprehensive IoT device provisioning and management. The two new products were showcased in the Lantronix booths at Embedded World ...

Percepxion™ 在 Lantronix 網關、路由器、追蹤器和轉換器中預配置，可加速物聯網邊緣設備部署爾灣，加州, Feb. 23, 2024 (GLOBE NEWSWIRE) -- 全球計算和連接物聯網解決方案提供商Lantronix Inc. (NASDAQ: LTRX) 今日推出其全新雲端物聯網邊緣解決方案平台 Percepxion™。Percepxion 預配置於 Lantronix 的獲獎物聯網網關、路由器、追蹤器和轉換器中，提供安全綜合的設備生命周期管理。Percepxion 平台有效地將邊緣部署從區域擴展到全球，並透過直觀的單一窗口管理。 「Percepxion 平台為客戶提供易部署的物聯網解決方案，且該解決方案在我們的連接和計算產品中進行預配置。」Lantronix Inc. 營銷副總裁 Jacques Issa 說，「Percepxion 的多租戶功能實現 B2B 解決方案，為終端客戶生成增量收入流。」 Lantronix 設備的遠程安裝包括透過 Percepxion 管理的零接觸自動配置。站點需要的固件、配置和證書均遠程加載，以確保數據通信的安全性和設備的合規性。它是關鍵基礎設施管 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________. Commission file number: 1-16027 LANTRONIX, INC. (Exact name of registrant as specified in its charter) Delaware 33-0362767 ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________. Commission file number: 1-16027 LANTRONIX, INC. (Exact name of registrant as specified in its charter) (State or other ju ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 48 Discovery, Suite 250 Irvine, California 92618 (Address of principal executive offices) (Zip Code) (949) 453-3990 For the fiscal year ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Financial Data and Key Metrics Changes - For Q4 2023, the company reported revenue of $34.9 million, which is up 6% sequentially but down 3% year-over-year [27] - GAAP gross margin for Q4 2023 was 39.5%, compared to 44.4% in the prior quarter and 41.9% in the year-ago quarter, primarily due to product mix [29] - GAAP net loss was $1.7 million or $0.05 per share in Q4 2023, compared to a net income of $2.5 million or $0.07 per share in the year-ago quarter [30] Business Line Data and Key Metrics Changes - Embedded Solutions products had a strong quarter, contributing approximately $3.4 million from an embedded compute sale [27] - System Solutions revenue was relatively flat quarter-over-quarter, including $1.4 million from Gridspertise [28] - Software and Services revenues were down sequentially due to lower design services revenue, but improvement is expected going forward [29] Market Data and Key Metrics Changes - The company noted a slight increase in channel inventories, but it remains within historical norms [14] - Demand for large programs, particularly from Gridspertise and Togg, is expected to drive growth in fiscal 2024 [16] Company Strategy and Development Direction - The company anticipates over 30% growth in fiscal 2024, with revenue guidance set between $175 million and $185 million [39] - Gridspertise is identified as a lead smart grid customer, with significant revenue expected from the QED platform [33] - The company is focusing on new compute designs and has seen traction with various applications, including smart cities and electric vehicles [33][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in fiscal 2024, citing a record backlog and steady demand environment [32] - The company expects to maintain gross margins in the mid- to low-40s, with some benefits from lower supply chain costs [45] - Management acknowledged some weakness in certain parts of the business post-COVID but emphasized growth drivers from large programs [16] Other Important Information - The company is in the process of searching for a new CEO, with in-person interviews underway [40] - The company has resolved component shortages that could affect deliveries in fiscal 2024 [35] Q&A Session Summary Question: Can you provide a number for the opportunities discussed? - Management indicated that the number of opportunities has continued to grow, particularly in smart cities, smart grid, and automotive applications [2] Question: What is the expected growth from Gridspertise? - Management expects year-on-year growth with Gridspertise based on current pricing and unit forecasts [4] Question: How should gross margins be viewed for the full year? - Management anticipates gross margins for the full fiscal year to be close to those of fiscal 2023, with benefits from revenue increases and cost relief [5] Question: What is the outlook for the Embedded business? - Management indicated that the Embedded compute side may see a soft couple of quarters but expects new design wins to ramp in Q3 [7] Question: Can you confirm the production goal with Togg? - Management confirmed that the production goal with Togg remains at $50 million, with recent orders exceeding expectations [10] Question: Are there any projects expected to contribute to revenue in the next fiscal year? - Some projects may contribute to fiscal 2024, but most are expected to contribute in fiscal 2025 [11] Question: How is the competitive landscape? - Management noted no significant new entrants in the market and emphasized their competitive advantages [18]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________. Commission file number: 1-16027 LANTRONIX, INC. (Exact name of registrant as specified in its charter) Delaware 33-0362767 (S ...

Financial Data and Key Metrics Changes - For Q2 fiscal 2023, revenue was $31.5 million, down from $33.7 million in Q2 fiscal 2022, and a sequential decline of 1% [18] - GAAP net loss was $2.6 million or $0.07 per share, compared to a net loss of $2.4 million or $0.08 per share in Q2 fiscal 2022 [19] - Non-GAAP net income was $1.4 million or $0.04 per share, down from $3.3 million or $0.10 per share in the same quarter last year [19] - Gross margin for Q2 fiscal 2023 was 44%, consistent with the prior quarter and a 900 basis point improvement year-over-year [18] Business Line Data and Key Metrics Changes - Embedded IoT Solutions revenue totaled $13.7 million, down 9% sequentially and 12% year-over-year, representing 43% of total revenues [6] - Software and services revenue was approximately $2.9 million, up 41% sequentially and 71% year-over-year, with ARR from software and services totaling just over $5.2 million [7] - Systems Solutions revenue was $14.9 million, approximately 47% of total revenues, up 2% sequentially but down 9% year-over-year [22] Market Data and Key Metrics Changes - The company noted that demand for embedded Ethernet and WiFi solutions was healthy, but supply disruptions continued to limit the ability to meet customer demand [6] - Shipments to electric vehicle customers continued as planned, with the factory in Turkey reportedly unaffected by recent earthquakes [6] Company Strategy and Development Direction - The company finalized its largest contract in history, a $40 million smart grid compute platform, which is expected to ramp up significantly in fiscal 2024 [5][21] - The company aims for $250 million in annual revenue in the intermediate term, supported by a strong opportunity pipeline exceeding $200 million [21] - The management is focusing on transforming the sales strategy to target larger deals and longer sales cycles, moving from a channel-centric model to a more direct engagement approach [37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a backlog near record highs and a slowly improving supply chain as factors that will support growth [23] - The company anticipates a resumption of growth for the remainder of the fiscal year, driven by solid bookings and a strong opportunity funnel [23] - Management highlighted that while there are still challenges in the supply chain, improvements are being seen, particularly in channel inventory levels [28] Other Important Information - The company expects to receive aggregate prepayments of $20 million during the next six months, which will positively impact the balance sheet [4][20] - The company is experiencing some challenges with specific components affecting WiFi shipments, but overall supply chain conditions are improving [28] Q&A Session Summary Question: Can you provide more details on the Gridspertise contract ramp-up? - Management indicated that the contract is expected to ramp up strongly in Q1 fiscal 2024 and continue into the December quarter, with additional SKUs being discussed for follow-on engagement [25] Question: What is the current state of the supply chain? - Management noted that while there are still problematic components, the supply chain is improving overall, with a reduction in channel inventory observed [28] Question: How will the Gridspertise contract impact gross margins? - Management expects no margin dilution from the Gridspertise contract and anticipates improvements in gross margins as recurring revenue grows [36] Question: What is the outlook for core business growth over the next few years? - Management indicated that the core business should see mid to high-single digit growth, with some older product lines declining while funds are redirected to higher growth opportunities [58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________. Commission file number: 1-16027 LANTRONIX, INC. (Exact name of registrant as specified in its charter) Delaware 33-0362767 ...

Lantronix, Inc. (NASDAQ:LTRX) Q1 2023 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Rob Adams - Corporate Development and IR Jeremy Whitaker - Chief Financial Officer Paul Pickle - President, Chief Executive Officer Conference Call Participants Mike Walkley - Canaccord Genuity Christian Schwab - Craig-Hallum Capital Group Scott Searle - Roth Capital Harry Wilmerding - Needham Operator Good afternoon, everyone, and welcome to the Lantronix First Quarter 2023 Earnings Conference Ca ...