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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise.Over the last four quarters, the company has surpa ...

Financial Performance - Net revenue for Q3 FY 2024 reached $41.2 million, representing an 11% increase sequentially and a 25% increase year-over-year[2] - GAAP EPS for Q3 FY 2024 was ($0.01), an improvement from ($0.08) in the prior year and ($0.07) in the prior quarter[3] - Non-GAAP EPS for Q3 FY 2024 was $0.11, compared to $0.06 in the prior year and $0.08 in the prior quarter[4] - Net revenue for Q3 2024 reached $41.183 million, a 11.6% increase from $37.038 million in Q3 2023[21] - Gross profit for Q3 2024 was $16.504 million, compared to $15.031 million in Q3 2023, reflecting a gross margin of 40.0%[21] - The net loss for Q3 2024 was $423 thousand, significantly improved from a net loss of $2.593 million in Q3 2023[21] - Non-GAAP net income for Q3 2024 was $4.230 million, up from $2.962 million in Q3 2023, with a non-GAAP net income per share of $0.11[23] - Non-GAAP gross profit for Q3 2024 was $16.905 million, with a non-GAAP gross margin of 41.0%[23] Future Projections - For Q4 FY 2024, the company expects revenue between $46.5 million and $51.5 million, with non-GAAP EPS projected to be between $0.12 and $0.18 per share[5] Assets and Liabilities - Total current assets as of March 31, 2024, were $97.884 million, slightly up from $96.551 million as of June 30, 2023[20] - Cash and cash equivalents increased to $24.642 million from $13.452 million year-over-year[20] - Total liabilities decreased to $69.307 million from $74.068 million year-over-year[20] - The company reported an accumulated deficit of $223.407 million as of March 31, 2024, compared to $218.505 million as of June 30, 2023[20] - Inventories decreased to $40.552 million from $49.736 million year-over-year[20] Operational Focus - Lantronix continues to focus on high-growth industries, including Smart Cities, Automotive, and Enterprise, enhancing its IoT solutions[8] - Embedded IoT Solutions generated $12.452 million in revenue for Q3 2024, while IoT System Solutions contributed $26.789 million[25] - The Americas region accounted for $17.543 million of total revenue in Q3 2024, while EMEA contributed $18.354 million[25] Expenses - Operating expenses totaled $16.599 million in Q3 2024, slightly down from $16.789 million in Q3 2023[21] - Research and development expenses were $5.186 million in Q3 2024, compared to $4.725 million in Q3 2023, indicating a focus on innovation[21] - The company reported a total of 37,509 weighted-average common shares for basic and diluted net loss per share calculations[21]

Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-YearThird Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year Third Quarter Non-GAAP EPS of $0.11 vs. $0.06 in the Prior Year IRVINE, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today reported results for its third quarter of fiscal 2024. Net revenue totaled $41.2 million, up 11 percent sequentially and up 25 percen ...

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. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on April 29, 2024. To access the live conference call, investors should ...

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. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on April 29, 2024. To access the live conference call, investors should ...

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. Interested investors should contact Lantronix CFO Jeremy Whitaker at investors@lantronix.com for one- ...

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. Interested investors should contact Lantronix CFO Jeremy Whitaker at investors@lantronix.com for one ...

Lantronix, Inc. (LTRX) recently unveiled advanced FOX4 and Bolero 43 edge compute tracker telematic gateways. These solutions were demonstrated at the Embedded World 2024 event in Nuremberg, Germany, and also at the ISC West 2024 event held in Las Vegas earlier this month.The state-of-the-art devices are pre-configured with Lantronix’s Percepxion IoT edge software platform that offers secure IoT device provisioning and management.FOX4 Edge Compute Tracker, the latest addition to LTRX’s FOX series, allows sm ...

新 Lantronix 解决方案瞄准高增长远程信息处理市场，预计到 2027 年将达 37 亿美元加州，尔湾, April 17, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX)，全球计算和连接物联网解决方案提供商，今日推出全新 FOX4 和 Bolero 43 边缘计算跟踪器远程信息处理网关。这两款产品专为资产和车队管理而设计，均预先配置了 Lantronix 的 Percepxion™ 物联网边缘软件平台，该平台提供了安全、全面的物联网设备预配置和管理。这两款新产品曾在 2024 年 4 月 9 日至 11 日于德国纽伦堡举行的 2024 年嵌入式世界 (Embedded World) 展（3 号展厅，356 号展台）和 2024 年 4 月 10 日至 12 日于拉斯维加斯举行的 2024 年美国西部国际安防产品博览会 (ISC West)（7117 号展台）上的 Lantronix 展台上展出。 Lantronix 的远程信息处理产品客户 Quantum Aviation 的首席执行官 Ursula Hess 表示：“利用 Lantroni ...

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 ...