Lantronix, Inc. (LTRX) reported fourth-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 15 cents, meeting the Zacks Consensus Estimate. The bottom line increased 150% from the prior-year quarter's 6 cents. Revenues in the quarter totaled $49.1 million, missing the consensus mark by just 0.1%. The top line, however, climbed 41% year over year, driven by strong momentum in the IoT System Solutions business amid a slowdown in the Embedded IoT Solutions and Software & Services businesses. For fiscal 202 ...

Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.15 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Lantronix, which belongs to ...

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 ...

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 ...

IRVINE, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in compute and connectivity IoT solutions, today announced the launch of its new next-generation desktop or 1U rack mountable EDS5000 series of device servers, supporting 8, 16 or 32 serial managed devices over Ethernet (10/100/100BASE-T or 100/1000 SRP) for easy remote access and management of any serial-based equipment, such as medical devices, POS terminals or security equipment. About Lantronix © 2024 Lantron ...

IRVINE, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced that it will demonstrate its Percepxion™ Edge AI Solution prototype's seamless integration with the Qualcomm® AI Hub at Qualcomm's AI Analyst and Media Workshop being held on June 25, 2024. "We are excited to preview the innovative integration of the Percepxion platform with the Qualcomm AI Hub," said Mathi Gurusamy, chief strategy officer for Lantronix. ...