Core Insights - Lantronix Inc. has been awarded the 2025 TMC Labs Innovation Award for its SmartLV IoT cellular gateway, which is recognized as the first AI-enabled IoT Edge Compute Cellular Gateway powered by the Qualcomm IQ-615 processor [1][2][3] Company Overview - Lantronix is a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [6] - The company emphasizes innovation and has a long-term partnership with Qualcomm to deliver advanced IoT solutions [3][6] Product Features - The SmartLV is designed for low-voltage substations and distribution automation applications, aimed at enhancing real-time visibility, control, and automation in the energy sector [4] - It incorporates advanced cybersecurity protocols and AI capabilities, ensuring secure operations for mission-critical applications [5] - The gateway provides Distribution System Operators (DSOs) with the ability to control energy distribution precisely when and where needed [4][5][6]

Core Viewpoint - Lantronix Inc. has appointed Dr. Sailesh Chittipeddi as an independent director to its Board of Directors, effective May 6, 2025, enhancing the board's expertise in technology and supply chain management [1][2]. Company Overview - Lantronix Inc. is a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [8]. - The company provides customizable solutions that enable AI Edge Intelligence, including Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance [8]. Board Appointment Details - Dr. Chittipeddi's appointment increases the board to five directors, with four being independent under Nasdaq listing standards [1]. - He brings extensive experience in Industrial, IoT, and Infrastructure businesses, having previously served as executive vice president of Global Operations at Renesas Electronics [2][5]. - His leadership at Renesas resulted in nearly doubling the revenue of its Industrial, IoT, and Infrastructure Business Unit to over $7 billion [5]. Dr. Chittipeddi's Background - Dr. Chittipeddi has held senior positions at various leading technology companies, including Conexant Systems, AT&T Bell Labs, and Lucent Technologies [6]. - He is currently a Venture Partner at Novo Tellus Capital Partners and serves on the boards of several global companies [2][6]. - He holds an MBA from the University of Texas at Austin and a Ph.D. in Physics from The Ohio State University, along with 83 U.S. semiconductor process, package, and design patents [7].

Lantronix, Inc. LTRX reported in-line earnings for the third quarter, after the closing bell on Thursday.The company posted quarterly earnings of 3 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $28.50 million which missed the analyst consensus estimate of $29.12 million.“We’re positioning Lantronix to lead the next wave of industrial and enterprise transformation at the edge,” said Saleel Awsare, president and CEO of Lantronix. “This quarter reflects conti ...

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, 2025 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: 001-16027 Table of Contents Delaware 33-0362767 48 Discovery, Suite 250, Irvine, California (Address of principal executi ...

Financial Performance - Lantronix, Inc. reported quarterly earnings of $0.03 per share, matching the Zacks Consensus Estimate, but down from $0.11 per share a year ago [1] - The company posted revenues of $28.5 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.40%, and down from $41.18 million year-over-year [2] - Over the last four quarters, Lantronix has only surpassed consensus EPS estimates once and has not beaten consensus revenue estimates [2][3] Stock Performance - Lantronix shares have declined approximately 48.3% since the beginning of the year, contrasting with the S&P 500's decline of 4.3% [3] - The current Zacks Rank for Lantronix is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $30.8 million, and for the current fiscal year, it is $0.18 on revenues of $125.6 million [7] - The trend of estimate revisions for Lantronix is mixed, which could change following the recent earnings report [6] Industry Context - The Computer - Networking industry, to which Lantronix belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests that the performance of stocks can be significantly influenced by the outlook for the industry [8]

Lantronix (LTRX) Q3 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Brent Stringham - CFOSaleel Awsare - CEO Conference Call Participants Jason Smith - AnalystScott Searle - Managing Director, Senior Research AnalystChristian Schwab - Senior Research Analyst Operator Good day, and welcome to the Lantronix twenty twenty five Q3 Results Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Bre ...

Financial Data and Key Metrics Changes - The company reported revenue of $28.5 million for Q3 2025, which was down both sequentially and year-over-year due to no shipments to a large smart grid customer in Europe [9][10] - GAAP gross margin increased to 43.5% in Q3 2025 from 42.6% in the prior quarter and 40.1% in the year-ago quarter [10] - Non-GAAP gross margin was 44.1% in Q3 2025 compared to 43.2% in the prior quarter and 41% in the year-ago quarter [10] - GAAP net loss was $3.9 million or $0.10 per share, compared to a GAAP net loss of $0.4 million or $0.01 per share in the year-ago quarter [11] - Non-GAAP net income was $1.1 million or $0.03 per share, down from $4.2 million or $0.11 per share in the year-ago quarter [12] - Cash and cash equivalents totaled $20 million at the end of Q3 2025, slightly up from the prior quarter [12] Business Line Data and Key Metrics Changes - Revenue decline was partially offset by organic growth in embedded connectivity and switch products, as well as growth in gateways and routers from the NetComm acquisition [10] - The integration of NetComm products has been successful, leading to increased customer engagement and cross-selling opportunities [7] Market Data and Key Metrics Changes - The company is expanding its distribution network in the European Union and Asia Pacific, leveraging partnerships with TD SYNNEX and the acquired channel network from NetComm [7] - The company is focused on edge AI solutions, which are gaining traction among customers moving towards hybrid architectures [8] Company Strategy and Development Direction - The company is closely monitoring the operating environment and has established a task force to manage tariff impacts and supply chain disruptions [6] - There is a strong focus on developing edge intelligence solutions and expanding distribution channels [5][8] - The company aims to grow its channel distribution and has announced new AI-powered products, including a camera solution and a system using Qualcomm's processor [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the macroeconomic environment but noted positive cash flow and a strong balance sheet [15] - Customer design activity is reportedly growing, and the company is optimistic about future revenue from AI initiatives [15][30] - For Q4 2025, revenue is expected to be in the range of $26.5 million to $30.5 million, with some pressure on gross margins anticipated [13] Other Important Information - The company paid down $2 million of its existing term debt, reducing interest expenses [13] - The remaining debt balance is approximately $12.5 million, giving the company a net cash position of $7.5 million [13] Q&A Session Summary Question: What was the NetComm contribution in March and its growth potential? - Management expects NetComm revenue to be $6 million to $7 million on an annualized basis, tracking to exceed that run rate [18][19] Question: What is the current quoting activity and order patterns in Q4? - Management reported no cancellations or unusual customer behavior, with design activity remaining strong [21][22] Question: How is the edge compute side developing? - The company is seeing traction in edge AI initiatives, with expected revenue from AI activities in fiscal 2026 [30] Question: What visibility is there for June guidance and growth into fiscal 2026? - Management is cautious but optimistic about double-digit growth in fiscal 2026, driven by design activity and new product releases [36][46] Question: Is the company still the sole supplier to Gridspertise? - Yes, the company remains the single source for Gridspertise, continuing to engage with them on deployments [48]

Q3 FY2025 Financial Results "We're positioning Lantronix to lead the next wave of industrial and enterprise transformation at the edge," said Saleel Awsare, president and CEO of Lantronix. "This quarter reflects continued investment in high-growth areas—from AI-enabled gateways to 5G connectivity—while advancing our innovation roadmap, global partnerships, and talent base." Lantronix Reports Results for Third Quarter of Fiscal 2025 IRVINE, Calif., May 8, 2025 – Lantronix Inc. (NASDAQ: LTRX), a global leader ...

Core Insights - Lantronix Inc. reported third-quarter fiscal 2025 results, achieving revenue of $28.5 million, which is within the guidance range of $27.0 million to $31.0 million despite a challenging macroeconomic environment [1][10] - The company continues to focus on becoming a leader in intelligent edge computing, with significant investments in AI-enabled gateways and 5G connectivity [3][6] Financial Performance - Third-quarter net revenue was $28.5 million, a decrease from $31.2 million in the previous quarter and $41.2 million in Q3 FY2024 [9][10] - GAAP EPS for the quarter was ($0.10), compared to ($0.01) in Q3 FY2024 and ($0.06) in Q2 FY2025, while Non-GAAP EPS was $0.03, down from $0.11 in Q3 FY2024 [10][23] - The company reported a net loss of $3.9 million for the quarter, compared to a loss of $2.4 million in Q3 FY2024 [23][26] Product and Market Developments - Lantronix launched the Open-Q™ 8550CS System on Module (SoM), enhancing its AI-capable compute portfolio for industrial and robotics applications [2] - The company enabled Teledyne/FLIR's AI-driven drone thermal camera, showcasing the reliability of its Open-Q™ platform in critical edge vision systems [2] Business Outlook - For the fourth fiscal quarter ending June 30, 2025, Lantronix anticipates revenue in the range of $26.5 million to $30.5 million and Non-GAAP EPS between $0.00 to $0.02 [11][3] - The company is positioning itself to capitalize on the next wave of industrial and enterprise transformation at the edge [3][6] Geographic Revenue Breakdown - In Q3 FY2025, revenue from the Americas was $16.5 million, EMEA contributed $6.0 million, and Asia Pacific Japan accounted for $6.0 million [27][28] - Year-over-year comparisons show a decline in revenue across all regions, reflecting broader market challenges [27][28]

Core Viewpoint - Lantronix Inc. is set to release its financial results for the fiscal 2025 third quarter on May 8, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the period ended March 31, 2025 [1] - An investor conference call and audio webcast will be held on May 8, 2025, at 1:30 p.m. Pacific Time [2] - Investors can access a replay of the conference call starting at approximately 8:00 p.m. Pacific Time on the same day [3] Group 2: Company Overview - Lantronix Inc. is recognized as a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [4] - The company's offerings include customizable solutions that enable AI Edge Intelligence, with advanced products like Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance [4]