Lantronix, Inc. (NASDAQ:LTRX) Q1 2025 Earnings Conference Call November 7, 2024 6:30 PM ET Company Participants Brent Stringham - Chief Accounting Officer and Interim CFO Saleel Awsare - President and CEO Conference Call Participants Tyler Burmeister - Craig-Hallum Capital Ryan Koontz - Needham Operator Good evening, and welcome to the Lantronix First Quarter Fiscal 2025 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. ...

Lantronix, Inc. (NASDAQ:LTRX) Q1 2025 Earnings Conference Call November 7, 2024 6:30 PM ET Company Participants Brent Stringham - Chief Accounting Officer and Interim CFO Saleel Awsare - President and CEO Conference Call Participants Tyler Burmeister - Craig-Hallum Capital Ryan Koontz - Needham Operator Good evening, and welcome to the Lantronix First Quarter Fiscal 2025 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. ...

Core Insights - Lantronix Inc. has announced a strategic partnership with DZS, Inc. and NetComm Wireless Pty Ltd to enhance its 5G product offerings, aiming to fill gaps in its product line and meet increasing customer demand for 5G solutions [1][2] Group 1: Partnership and Product Development - The collaboration with DZS and NetComm is expected to strengthen Lantronix's capabilities in providing 5G solutions, which are crucial for the company's growth strategy [1] - Lantronix anticipates that the partnership will enable it to deliver enhanced customer solutions and expand its market reach in the 5G sector [1][2] - The company projects that the partnership will contribute to significant revenue growth, with expectations of generating between $600 million to $700 million in revenue for the fiscal year 2024 [1] Group 2: Market Position and Future Outlook - Lantronix aims to leverage the partnership to address the growing demand for 5G products, which are essential for various applications including automotive and industrial sectors [2] - The company is focused on enhancing its product offerings to ensure they meet the evolving needs of customers in a competitive market [2] - Lantronix's strategic initiatives are expected to position it favorably within the industry, particularly as the demand for 5G solutions continues to rise [1][2]

Revenue Performance - For the three months ended September 30, 2024, net revenue increased by $1,392,000 or 4.2% compared to the same period in 2023, driven by a 17.7% increase in the Embedded IoT Solutions product line [98]. - Embedded IoT Solutions generated $13,387,000 in revenue, accounting for 38.9% of total net revenue, while IoT System Solutions and Software & Services generated $18,759,000 (54.5%) and $2,277,000 (6.6%) respectively [100]. - The Americas region saw a significant revenue decline of $5,513,000 or 24.0%, while EMEA and APJ regions experienced increases of 59.1% and 85.9% respectively [101]. Profitability and Expenses - Gross profit for the three months ended September 30, 2024, was $14,475,000, representing a gross margin of 42.1%, slightly down from 42.7% in the prior year [106]. - Selling, general and administrative expenses increased to $9,496,000, a rise of $326,000 or 3.6%, primarily due to higher personnel-related costs [108]. - Research and development expenses totaled $4,956,000, accounting for 14.4% of net revenue, a decrease of $150,000 or 2.9% compared to the previous year [111]. - Restructuring and severance charges amounted to $900,000 for the three months ended September 30, 2024, a significant increase from $20,000 in the same period of 2023 [112]. - The company reported a net loss of $2,502,000 for the three months ended September 30, 2024, compared to a net loss of $1,886,000 in the prior year [98]. - Operating expenses increased by $932,000, primarily due to restructuring and severance charges, partially offset by revenue growth [98]. Cash Flow and Working Capital - Working capital decreased by $1,679,000 from June 30, 2024, to September 30, 2024, totaling $57,115,000 [117]. - Cash and cash equivalents increased by $158,000, reaching $26,395,000 as of September 30, 2024 [117]. - Net cash provided by operating activities decreased by $4,835,000, totaling $2,663,000 for the three months ended September 30, 2024 [126]. - Net inventories increased by $1,835,000, or 6.6%, from June 30, 2024, to September 30, 2024 [125]. - Accounts payable increased by $6,802,000, or 65.7%, from June 30, 2024, to September 30, 2024 [125]. - Contract manufacturers' receivables increased by $1,321,000, or 94.3%, from June 30, 2024, to September 30, 2024 [128]. - Net cash used in investing activities was $157,000 for the three months ended September 30, 2024, compared to $486,000 in the prior year [129]. - Net cash used in financing activities increased by $1,363,000, totaling $2,348,000 for the three months ended September 30, 2024 [126]. - The company anticipates that primary factors affecting cash and liquidity include net revenue, working capital requirements, and capital expenditures [121]. - The company is in compliance with all covenants of the Loan Agreement as of the date of the report [119]. Strategic Focus - The company continues to focus on high-growth industries such as Smart Cities, Automotive, and Enterprise markets, leveraging its IoT solutions to capitalize on market opportunities [88].

Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.15, delivering no surprise.Over the last four quarters, the company has surp ...

First Quarter Net Revenue of $34.4 Million, up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.07) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.06 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its first quarter of fiscal 2025. Net revenue totaled $34.4 million, up 4 percent year-over-year and down sequentially as expected. GAAP EPS of ($ ...

IRVINE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2025 first quarter ended Sept. 30, 2024, after the close of the market on Thursday, Nov. 7, 2024. Management will host an investor conference call and audio webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) on Nov. 7, 2024. To access the live conference call, investors should dial ...

Lantronix, Inc. (LTRX) recently launched SmartLV, an artificial intelligence (AI)-powered IoT Edge Compute Cellular Gateway, targeting low-voltage substations and distribution automation in next-generation smart grids, utilities and industrial applications. Powered by the Qualcomm (QCOM) IQ-615 processor, LTRX's latest innovation will debut at Enlit Europe, a leading energy industry event, from Oct. 22-24, 2024, in Milan, Italy. With its advanced AI and edge computing capabilities, the SmartLV Gateway aims ...

IRVINE, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, has launched SmartLV, powered by the Qualcomm® IQ-615 processor, the first AI-enabled IoT Edge Compute Cellular Gateway. This groundbreaking innovation, designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors, will debut at Enlit Europe, Oct. 22–24, 2024, in Milan, Italy. ...

Lantronix, Inc. (LTRX) recently launched five new System-in-Package (SiP) solutions. These modules, powered by Qualcomm Technologies' (QCOM) cutting-edge processors, are poised to redefine industrial and enterprise Internet of Things (IoT) possibilities, combining leading-edge performance, scalability and cost efficiency. These innovative SiP solutions are tailored to cater to the growing demand for efficient and reliable artificial intelligence (AI)-powered systems across various industries, including robo ...