Fourth Quarter Net Revenue of $49.1 Million, up 19 Percent Sequentially and up 41 Percent YearOver-Year Fourth Quarter GAAP EPS of $0.01 vs. ($0.05) in the Prior Year, a $0.06 Improvement Fourth Quarter Non-GAAP EPS of $0.15 vs. $0.06 in the Prior Year, up 150 Percent Annual Net Revenue of $160.3 Million, up 22% From the Prior Year Annual GAAP EPS of ($0.12) vs. ($0.25) in the Prior Year, a $0.13 Improvement Annual Non-GAAP EPS of $0.40 vs. $0.23 in the Prior Year, up 74 Percent Cash Balance of $26.2 Millio ...

Lantronix, Inc. (LTRX) is slated to report fourth-quarter fiscal 2024 results on Sept. 5, after the closing bell. The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $49.1 million, which suggests an increase of 40.6% from the year-ago quarter's reported figure. The consensus mark for earnings per share (EPS) is pegged at 15 cents, indicating a year-over-year rise of 150%. The company's earnings beat the Zacks Consensus Estimate in three of the last four quarters while matching once. ...

IRVINE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced the winners of its 2024 SmartEdge™ Partner Program Awards, highlighting its top channel partners in North America; Asia Pacific; and Europe, Middle East and Africa. "This year's SmartEdge Partner Program winners are driving worldwide sales and developing relationships with our mutual customers, contributing to Lantronix's position as a global compute an ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Lantronix, Inc. (LTRX) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the sto ...

We Are The AI boom is real. Any company with a business remotely related to artificial intelligence seem to be surging, and for good or ill, the multiples of many of those companies seem to be extreme. Some of these companies may make out big, but it reminds me of the 1990s bubble, when many companies rose on what would be known as irrational exuberance. Today, we're going to be looking at a small company that seems to have been overlooked in all the excitement. That company, Lantronix, Inc. (NASDAQ:LTRX) i ...

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lantronix, Inc. (NASDAQ: LTRX) on behalf of long-term stockholders following a class action complaint that was filed against Lantronix on February 23, 2024 with a Class Period from May 11, 2023 to February 8, 2024. Our investigation concerns whether the board of directors of Lantronix have breached their fiduciary duties to the company. Lantr ...

IRVINE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in Compute and Connectivity IoT solutions, is proud to announce that its Percepxion™ Cloud IoT Edge Solutions platform has been honored with the prestigious 2024 IoT Evolution Product of the Year Award by IoT Evolution World, the leading online publication in IoT technologies. This esteemed award celebrates the most groundbreaking products and solutions in IoT as selected by the editors of IoT Evolution World. F ...

IRVINE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in Compute and Connectivity IoT solutions, is proud to announce that its Percepxion™ Cloud IoT Edge Solutions platform has been honored with the prestigious 2024 IoT Evolution Product of the Year Award by IoT Evolution World, the leading online publication in IoT technologies. This esteemed award celebrates the most groundbreaking products and solutions in IoT as selected by the editors of IoT Evolution World. F ...

IRVINE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in compute and connectivity IoT solutions, today announced its participation in the 44th Annual Growth Conference hosted by Canaccord Genuity at the InterContinental Hotel in Boston. Lantronix will present via video webcast at 9:00 a.m. Eastern Daylight Time on Wednesday, Aug. 14, 2024. A webcast of the presentation will be available here. Lantronix CEO Saleel Awsare and CFO Jeremy Whitaker will also be holding o ...

About Lantronix © 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. Lantronix will present via video webcast at 9:00 a.m. Eastern Daylight Time on Wednesday, Aug. 14, 2024. A webcast of the presentation will be available here. Lantronix CEO Saleel Awsare and CFO Jeremy Whitaker will also be holding one-on-one meetings with investors at the conference. For more information, visit the Lantronix website. Lantron ...