Core Insights - Lantronix Inc. has announced a strategic partnership with Redtree Solutions to enhance its market presence in EMEA by representing its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions [1][2][4] Group 1: Partnership Details - The partnership aims to broaden access to Lantronix's advanced SOMs and Development Kits, providing developers with a cost-effective path to create innovative products [2][3] - Kurt Hoff, VP of Global Sales & Marketing at Lantronix, expressed enthusiasm about the partnership, highlighting the growing demand for embedded compute development solutions [3][4] - Steve Judge, president of Redtree Solutions, emphasized the alignment of their mission with Lantronix's offerings, aiming to deliver leading-edge technologies to customers [4] Group 2: Company Background - Redtree Solutions, founded in 2006, is the largest Pan-European representative company in the Semiconductor Industry, covering over 20 countries in EMEA with more than 500 active customers [5] - Lantronix is recognized as a global leader in IoT solutions, targeting high-growth markets such as Smart Cities, Enterprise, and Transportation, with products that enable AI Edge Intelligence [6]

Core Viewpoint - Lantronix Inc. has announced a strategic partnership with Redtree Solutions to enhance its market presence in EMEA by leveraging Redtree's expertise and customer relationships to promote its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions [1][2][4]. Company Overview - Lantronix Inc. is a global leader in compute and connectivity IoT solutions, targeting high-growth markets such as Smart Cities, Enterprise, and Transportation [6]. - The company's products enable AI Edge Intelligence and include solutions for Intelligent Substations, Infotainment systems, and Video Surveillance, along with advanced Out-of-Band Management for Cloud and Edge Computing [6]. Partnership Details - The partnership with Redtree Solutions aims to broaden Lantronix's market access in EMEA, providing developers with cost-effective embedded compute development solutions [2][3]. - Kurt Hoff, VP of Global Sales & Marketing at Lantronix, expressed enthusiasm about the partnership, highlighting the growing demand for innovative solutions in the region [3][4]. - Steve Judge, president of Redtree Solutions, emphasized the alignment of their mission with Lantronix's offerings, aiming to deliver leading-edge technologies to customers [4]. Redtree Solutions Overview - Redtree Solutions, founded in 2006, is the largest Pan-European representative company in the Semiconductor Industry, covering over 20 countries in EMEA with more than 500 active customers [5]. - The company focuses on next-generation technologies and optimizing electronic systems architecture for its customers [5].

Core Insights - Mouser Electronics has implemented a new 413,000-square-foot Global Distribution Center, recognized as the world's largest new Class 4 DC-powered installation, which significantly reduces energy usage costs and minimizes its carbon footprint [1][5][10] - The facility utilizes Lantronix PoE++ switches to distribute low-voltage DC power, enhancing sustainability and creating a more comfortable work environment [2][3] - The PoE lighting system, designed by Baird, Hampton & Brown, incorporates advanced technology to improve lighting control and operational costs while reducing environmental impact [5][10] Company Overview - Lantronix Inc. is a leader in compute and connectivity IoT solutions, targeting high-growth markets such as Smart Cities and Enterprise [8] - The company provides customizable solutions that enable AI Edge Intelligence, including Intelligent Substations infrastructure and Video Surveillance [8] Benefits of the New System - The new DC-powered PoE lighting solution offers reduced energy consumption and related cost savings, enhanced flexibility in lighting control, and improved working conditions for employees [10] - The system allows for scalability and flexibility, enabling Mouser to adapt to changing warehouse needs while further reducing long-term costs [6][10]

Core Insights - Lantronix Inc. has announced a strategic partnership with Ion LATAM to enhance its market presence in Latin America, focusing on IoT and AI Edge solutions [1][2] - The partnership aims to meet the growing demand for secure and reliable IoT solutions in the region, with Ion LATAM promoting Lantronix's product portfolio and providing technical support [2][3] - This collaboration is seen as a significant milestone for Lantronix in its commitment to delivering innovative products and services globally [2] Company Overview - Lantronix Inc. is recognized as a global leader in compute and connectivity IoT solutions, targeting high-growth markets such as Smart Cities, Enterprise, and Transportation [3] - The company's offerings include customizable solutions that enable AI Edge Intelligence, with advanced products like Intelligent Substations, Infotainment systems, and Video Surveillance [3]

VP, Global Research & Development Steve Burrington join Lantronix to oversee all aspects of product development IRVINE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX) (“the Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, is proud to announce the appointment of Steve Burrington as Vice President of Global Research and Development. Burrington will oversee all aspects of product development and will play a key role in defining ...

Lantronix, Inc. (LTRX) reported second-quarter fiscal 2025 non-GAAP earnings per share (EPS) of 4 cents, which surpassed the Zacks Consensus Estimate of 3 cents. The bottom line decreased 50% from the prior-year quarter's 8 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues in the quarter totaled $31.2 million, missing the consensus mark by just 0.1%. The top line also decreased 15.9% year over year, due to reduced orders from the company’s top automotive customer and sl ...

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, 2024 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 juris ...

Lantronix, Inc. (NASDAQ:LTRX) Q2 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Brent Stringham - Chief Financial Officer Saleel Awsare - Chief Executive Officer Conference Call Participants Jaeson Schmidt - Lake Street George Gianarikas - Canaccord Genuity Ryan Koontz - Needham Scott Searle - Roth Capital Christian Schwab - Craig-Hallum Capital Group Operator Good day, and welcome to the Fiscal 2025 Second Quarter Results Conference Call. All participants will be in listen-o ...

Company Performance - Lantronix, Inc. reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, but down from $0.08 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $31.16 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.13%, and down from $37.04 million year-over-year [2] - Over the last four quarters, Lantronix has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the earnings outlook for the coming quarters [3][4] - The current consensus EPS estimate for the next quarter is $0.08 on revenues of $34.9 million, and for the current fiscal year, it is $0.27 on revenues of $137.6 million [7] - The estimate revisions trend for Lantronix is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Computer - Networking industry, to which Lantronix belongs, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net revenue for the second quarter of fiscal 2025 was $31.2 million, aligning with the midpoint of the guidance range[1] - GAAP EPS for the second quarter was ($0.06), an improvement from ($0.07) in the prior year and the prior quarter[2] - Non-GAAP EPS for the second quarter was $0.04, down from $0.08 in the prior year and $0.06 in the prior quarter[2] - For the third fiscal quarter of 2025, the company expects revenue between $27.0 million and $31.0 million, with non-GAAP EPS projected at $0.01 to $0.05 per share[3] - Net revenue for the three months ended December 31, 2024, was $31,161,000, a decrease of 16% compared to $37,038,000 for the same period in 2023[18] - Non-GAAP net income for the six months ended December 31, 2024, was $4,094,000, compared to $5,424,000 in the same period of 2023, representing a decline of 24.5%[20] - The net loss for the three months ended December 31, 2024, was $2,372,000, slightly improved from a net loss of $2,593,000 in the same quarter of 2023[18] Revenue Breakdown - Embedded IoT Solutions revenue for the three months ended December 31, 2024, was $10,784,000, down 8.3% from $11,764,000 in the same quarter of 2023[22] - Americas region revenue for the three months ended December 31, 2024, was $16,386,000, a decrease of 20.5% compared to $20,601,000 in the same period last year[22] Expenses and Margins - Gross profit for the six months ended December 31, 2024, was $27,759,000, down from $29,128,000 in the prior year, reflecting a gross margin of 42.3%[18] - Operating expenses totaled $15,444,000 for the three months ended December 31, 2024, compared to $16,603,000 in the previous quarter, indicating a reduction of 7%[18] - Research and development expenses for the three months ended December 31, 2024, were $4,984,000, slightly up from $4,725,000 in the same quarter of 2023[18] - The company reported a non-GAAP gross margin of 43.2% for the three months ended December 31, 2024, compared to 41.6% in the same quarter of 2023[20] Assets and Liabilities - Cash and cash equivalents decreased to $19.2 million from $26.2 million as of June 30, 2024[17] - Total current assets decreased to $85.6 million from $88.9 million as of June 30, 2024[17] - Total liabilities increased to $56.3 million from $54.9 million as of June 30, 2024[17] - The accumulated deficit increased to ($227.9 million) from ($223.0 million) as of June 30, 2024[17] Strategic Focus - The company is focusing on three key vertical markets: Enterprise, Smart Cities, and Transportation, while advancing Edge AI solutions[3] - The company is integrating recently acquired IoT assets from Netcomm to drive future growth[3] Non-GAAP Adjustments - Total non-GAAP adjustments for the six months ended December 31, 2024, amounted to $8,968,000, compared to $9,903,000 in the prior year[20]