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]

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]

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 ...

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 ...