Lantronix(LTRX) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Lantronix Reports Record Revenue for Third Quarter of Fiscal 2024 IRVINE, Calif., April 29, 2024 — Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today reported results for its third quarter of fiscal 2024. Net revenue totaled $41.2 million, up 11 percent sequentially and up 25 percent year-over-year. GAAP EPS of ($0.01), compared to ($0.08) in the prior year and ($0.07) in the prior quarter. Non-GAAP EPS of $0.11, compared to$0.06 in the prior year ...