Why Did Lantronix Stock (LTRX) Jump 17% After Hours? - Lantronix (NASDAQ:LTRX), Safe Pro Group (NASDAQ:SPAI)

Core Insights - Lantronix Inc. experienced a significant stock surge of 17.68% in after-hours trading, reaching $8.11, following an 8.5% increase to $6.89 during regular trading hours [1] Partnership Agreements - Lantronix signed a memorandum of understanding and master services agreement with Safe Pro Group Inc., focusing on the joint development and commercialization of embeddable chipsets for Qualcomm-based drone and autonomous vehicle platforms [2] Technology Integration - The company will integrate Safe Pro's Object Threat Detection (SPOTD) AI algorithms with its Qualcomm-based Open-Q™ System-on-Module solutions, enabling real-time detection of explosive threats without cloud connectivity [3] Market Collaboration - Lantronix will collaborate on defense and commercial drone programs, including the use of Red Cat Holdings' Teal Black Widow quadcopters in the U.S. Army's Short-Range Reconnaissance program [4] Market Projections - The global drone market is projected to reach $57.8 billion by 2030, according to Drone Industry Insights [4] Trading Metrics - Lantronix has a market capitalization of $271.18 million, with a 52-week high of $7.14 and a low of $1.91, reflecting an 84.72% increase in stock price over the past 12 months [5] Technical Analysis - The Relative Strength Index (RSI) for Lantronix stands at 62.32, indicating a strong upward trend, and the stock is currently at 95.2% of its 52-week range [5][6]