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 ...

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 ...