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, 2021 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 jur ...

Financial Data and Key Metrics Changes - The company reported record revenue of $33.7 million for Q2 fiscal 2022, an increase of 103% compared to $16.6 million in Q2 fiscal 2021, driven by a recent acquisition and organic growth of 57% [3][5] - GAAP gross margin was 42.9% for Q2 fiscal 2022, down from 45% in the prior quarter, primarily due to product mix [3][4] - GAAP net loss was $2.4 million or $0.08 per share in Q2 fiscal 2022, compared to a net loss of $1.5 million or $0.05 per share in Q2 fiscal 2021 [5] - Non-GAAP net income was $3.3 million or $0.10 per share in Q2 fiscal 2022, compared to non-GAAP net income of $861 thousand or $0.03 per share in Q2 fiscal 2021 [5] Business Line Data and Key Metrics Changes - Organic revenue growth was 47% year-over-year and 21% sequentially, excluding the recent acquisition [8] - The Intelligent Edge products saw product revenues more than double from Q1 levels, indicating strong demand in this segment [9] Market Data and Key Metrics Changes - The company ended the December 2021 quarter with cash and cash equivalents of $36.4 million, an increase of $26 million from the prior quarter [6] - Working capital improved to $64.2 million as of December 31, 2021, compared to $32.2 million in the prior quarter [6] Company Strategy and Development Direction - The company is focusing on high-potential Edge Compute projects, expecting volume production to drive growth into the next fiscal year [8] - A secondary equity offering raised almost $33 million to fund growth, pay down high-interest debt, and potentially fund future acquisitions [8][11] - The annual revenue guidance for fiscal year 2022 was raised to a range of $112.5 million to $127.5 million, representing growth of 57% to 78% [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding easing supply chain constraints, particularly for semiconductor products [10] - The company noted strong customer demand and backlog, indicating a positive outlook for future revenue growth [6][7] Other Important Information - The company successfully navigated supply chain constraints, reducing customer-requested products that could not be delivered from over $6 million to about $5.7 million [9] - The backlog grew to over $50 million, despite significant revenue growth in the quarter [26] Q&A Session Summary Question: Supply chain impact on gross margins - Management indicated that the sequential decline in gross margin was primarily driven by product mix rather than a change in component costs [16] Question: Operating expenses and future expectations - Management noted that higher revenue led to increased variable costs, but as revenue tempers, variable costs could decrease accordingly [17][18] Question: Areas of supply chain challenges - Management highlighted ongoing challenges with certain components, particularly pop-memory and flash, while securing additional vendors for future production [21] Question: Update on smart grid energy customer - Management confirmed that the smart grid energy program is on track, with expectations for significant contributions in fiscal year 2023 [26] Question: Organic growth rate expectations - Management projected a conservative organic growth rate of 20+%, factoring in extraordinary demand growth [28] Question: Contrast between core organic business and acquired business - Management reported strong performance in the Compute business, with expectations for continued growth, while the acquired business is expected to grow at a rate of 10+% [32][33]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR o 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 33-036276 ...

Lantronix, Inc. (NASDAQ:LTRX) Q1 2022 Earnings Conference Call November 11, 2021 5:00 PM ET Company Representatives Paul Pickle - President, Chief Executive Officer Jeremy Whitaker - Chief Financial Officer Rob Adams - Investor Relations Conference Call Participants Scott Searle - Roth Capital Jaeson Schmidt - Lake Street Capital Christian Schwab - Craig Hallum Ryan Koontz - Needham & Company Operator Good day, and welcome to the Lantronix First Quarter 2022 Conference Call. All participants will be in a li ...

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 Delaware 33-0362767 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 7535 Irvine Center Drive, Suite 100, Irvine, California 92618 (Address of principal executive offices) (Zip Code) For the fiscal year ended June 30, 2021 (949) 453-3990 (Registrant's telephone n ...

Lantronix, Inc. (NASDAQ:LTRX) Q4 2021 Earnings Conference Call August 26, 2021 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 Capital Ryan Koontz - Needham & Company Operator Good day and welcome to the Lantronix 2021 Fourth Quarter Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the ...

www.lantronix.com 1 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including statements concerning our business and product development plans and strategies, the perceived benefits of our products and corporate acquisitions, and our future growth and financial performance. Any statement relating to our plans, goals, expectations or any future event should be considered a forward-looking statement. While we have based our forward-looking statements on our current assumption ...

Lantronix, Inc. (NASDAQ:LTRX) Q3 2021 Earnings Conference Call April 29, 2021 5:00 PM ET Company Participants Rob Adams - Head of Corporate Development and Investor Relations Paul Pickle - President and Chief Executive Officer Jeremy Whitaker - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Ryan Koontz - Needham & Company Operator Good afternoon and welcome to the Lantronix 2021 Third Quarter Results Conference Call. All participants will be in a listen-only mode [Operator ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR o 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 OR o 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 jur ...