Lantronix Completes Strategic Buyout of DZS NetComm IoT Portfolio

Core Insights - Lantronix, Inc. has completed the acquisition of NetComm Wireless Pty Ltd for $6.5 million, which includes all enterprise IoT business assets and certain liabilities [2] - The acquisition aligns with Lantronix's strategic focus on the Enterprise and Smart City sectors, enhancing its 5G capabilities and expanding its IoT offerings [7] - Lantronix expects the NetComm portfolio to contribute $6-$7 million in revenues during 2024, solidifying its position in the IoT market [8] Company Developments - Lantronix has launched SmartLV, an AI-powered IoT Edge Compute Cellular Gateway, aimed at low-voltage substations and distribution automation [3] - The company has also introduced five new System-in-Package (SiP) solutions, designed to enhance industrial and enterprise IoT applications [4] - Management emphasized that the acquisition will accelerate Lantronix's leadership in enterprise and industrial IoT solutions, providing customers with an expanded portfolio of gateways, routers, and modems [12] Market Performance - Lantronix currently holds a Zacks Rank of 5 (Strong Sell), with shares declining by 29.6% over the past year, contrasting with the industry's growth of 18% [5] - In comparison, other technology stocks like Intrusion Inc., Extreme Networks, and RADCOM Ltd. have better rankings and performance metrics [6]