Second Quarter Net Revenue of $31.2 MillionSecond Quarter GAAP EPS of ($0.06) Second Quarter Non-GAAP EPS of $0.04 IRVINE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for the Internet of Things (IoT) solutions enabling Artificial Intelligence (AI) Edge Intelligence, today reported results for its second quarter of fiscal 2025. Net revenue totaled $31.2 million, near the midpoint of the guidance range provided for the quarter. GAAP EPS ...

IRVINE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced that Philip Brace will be departing the Lantronix Board of Directors as of Feb. 5, 2025. He is leaving the Lantronix Board to join Skyworks Solutions Inc. as its chief executive officer. “We greatly appreciate Phil’s many contributions to Lantronix during his tenure on the Board. We have benefited greatly ...

LM4 平台使 IDF 和小型站点能够以经济的方式实现管理自动化加州尔湾, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX) 是全球领先的计算和连接物联网解决方案企业，致力于实现 AI 边缘智能。该公司将于 2025 年 2 月 10 日至 14 日在阿姆斯特丹 RAI 国际会展中心举行的 Cisco Live 大会 A10 展位首次展示其全新的 LM4 人工智能驱动型带外管理 (OOBM) 平台。 Lantronix 的 LM4 是业内首个专门针对中间配线架 (IDF) 和小型环境 (如 ATM、自助服务亭和网络聚合点) 的规模和定价而设计的控制台服务器。 LM4 专为医疗保健、金融、公用事业、电信、政府、零售和制造业而设计，利用在军事和金融网络中久经验证的技术，提供企业级的自动化、合规性和网络安全功能。 Lantronix 首席战略官 Mathi Gurusamy 表示：“我们很高兴推出 LM4 带外管理平台，它使我们的客户能够利用基于规则的人工智能技术实现安全、可靠和自动化的网络基础设施恢复和缓解。 在 Lantronix，我 ...

IRVINE, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge intelligence, will debut its new LM4 AI-powered Out-of-Band Management (OOBM) platform at Stand A10 during Cisco Live, February 10–14, 2025, at Amsterdam RAI. Lantronix's LM4 is the industry's first console server specifically designed, sized and priced for Intermediate Distribution Frames (IDFs) and compact environments such as ATMs, kiosks, and netw ...

Core Insights - Lantronix, Inc. (LTRX) is set to unveil its 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch at the 2025 BICSI Winter Conference & Exhibition, alongside other models [1][2] Product Innovations - The new product line addresses the growing demand for reliable network performance and high-speed connectivity in sectors like smart buildings and security [2] - The 28-port Managed Ethernet PoE++ Switch features 2.5G ports and IEEE 1588v2 for precise time synchronization, crucial for applications in wireless networks and financial trading [2] - Integrated with Lantronix's Percepxion platform, the switches provide comprehensive life cycle management and data analytics [2] Additional Offerings - Lantronix will also showcase a variety of network extension solutions, including media conversion solutions and compact PoE-powered converters [3][4] - The IoT Gateways presented will offer secure connectivity options, including the G520 Series and the industrial-grade X300 Series [4] Financial Performance - The Embedded IoT Solutions segment saw an 18% revenue increase compared to the previous quarter and year, while the IoT System Solutions segment faced a 47% sequential decline and a 1% year-over-year decrease [5] - Software & Services revenue rose 8% sequentially but fell 13% year over year, indicating competitive pressures and economic challenges in the IoT sector [5] Market Position - Lantronix holds a Zacks Rank of 3 (Hold), with its stock price declining by 40.6% over the past year, contrasting with a 13% growth in the industry [6]

Core Viewpoint - Lantronix Inc. is set to release its financial results for the fiscal 2025 second quarter on February 6, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the period ended December 31, 2024 [1] - An investor conference call and audio webcast will be held on February 6, 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]

2.5G capability and precision timing features are ideal for wireless, smart building and other “always-on” applicationsIRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network ...

IRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the 2025 BICSI Winter Conference & Exhibition. Taking place Feb. 4–6, 2025, at the Gaylord Palms Resort & C ...

Company Leadership - Lantronix Inc's president and CEO, Saleel Awsare, has been appointed to the Forbes Technology Council, an exclusive community for global business and technology leaders [1] - Awsare was selected based on his achievements, thought leadership in the technology industry, and proven track record of success in leadership roles [1] - Awsare has led transformational changes across IoT, mobile, communications, wireless, and related industries during his tenure at multiple companies, including Lantronix, Synaptics Inc, Conexant Systems LLC, and Nuvoton Technology Corporation [2] CEO's Background and Achievements - Prior to joining Lantronix in 2023, Awsare served as senior vice president and general manager of Synaptics Inc's Enterprise and Mobile Division, its largest division [3] - Awsare played a key role in Synaptics' pivot from mobile to IoT and enterprise markets, which significantly increased the company's market valuation [3] - From 2012 to 2017, Awsare served as president of Conexant Systems LLC, where he positioned the company as a market leader in audio and voice technologies, contributing to its successful acquisition by Synaptics in 2017 [4] - From 2008 to 2012, Awsare was president of Nuvoton Technology Corporation America, responsible for US-based operations [4] Company Overview - Lantronix Inc is a global leader in compute and connectivity IoT solutions, targeting high-growth industries such as Smart Cities, Automotive, and Enterprise [6] - The company's products and services enable companies to succeed in IoT markets by delivering customizable solutions addressing each layer of the IoT Stack [6] - Lantronix's leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems, Video Surveillance, and advanced Out-of-Band Management (OOBM) for Cloud and Edge Computing [6] Industry Focus - The company is focused on AI and IoT transformations that are shaping how enterprises conduct business globally [2] - Lantronix works with leading enterprises as they embrace digital transformation and enter a new era of edge intelligence, supported by the company's cutting-edge solutions and engineering expertise [2]

Core Insights - Lantronix Inc. has appointed Daniel Quant as head of the Industrial IoT Products and Business Line, aiming to integrate Artificial Intelligence into Industrial IoT devices to meet the growing demand for Edge Intelligence in industrial environments [1][3] Company Overview - Lantronix Inc. is a global leader in IoT compute and connectivity solutions, targeting high-growth industries such as Smart Cities, Automotive, and Enterprise [5] - The company provides customizable solutions that address various layers of the IoT Stack, including Intelligent Substations, Infotainment systems, and Video Surveillance [5] Leadership Appointment - Daniel Quant brings over 20 years of global leadership experience in Industrial IoT and advanced wireless communication technologies, with a proven track record in market growth and product development [2][3] - Prior to joining Lantronix, Quant served as vice president and general manager at Multi-Tech Systems, where he led a global business unit focused on gateways, routers, and modems [2] Strategic Vision - Quant's role will significantly enhance Lantronix's ability to deliver AI-powered edge intelligence solutions to industrial and enterprise markets [3] - He has a history of launching innovative IoT solutions, including the world's first LoRa-based edge-compute Network Gateway and Module platforms [3] Educational Background - Quant holds a bachelor's degree in engineering with honors in Electronic System Engineering and has completed advanced studies in Machine Learning from MIT, which will support Lantronix's mission to provide secure, intelligent edge solutions [4]