Lantronix Stock Price, News & Analysis

Lantronix (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, has been named the 2025 Industrial IoT Company of the Year by CompassIntel, a prominent market research firm. The award, part of the 13th annual CompassIntel Awards, recognizes innovation and excellence in mobile, IoT, and high-tech industries.

The selection was made by industry experts including press, editors, journalists, thought leaders, and analysts. CEO Saleel Awsare highlighted the company's dedication to innovation and its strategic partnership with Qualcomm in delivering Edge AI Intelligence solutions.

Lantronix (NASDAQ: LTRX) has announced a strategic collaboration with Aerora to develop advanced Edge AI solutions for drones, robotics, and surveillance applications. The partnership leverages Lantronix's Open-Q System-on-Module powered by Qualcomm Technologies chipsets and Aerora's NDAA-compliant propulsion and AI payload systems. The solution incorporates Teledyne FLIR Hadron 640R module for thermal and RGB imaging capabilities. This collaboration aims to accelerate development timelines for OEM manufacturers while maintaining high standards. The global drone market is projected to reach $163.6 billion by 2030, with a 15% CAGR. The integrated solution features 4K video streaming with high-resolution thermal video, targeting applications in logistics, agriculture, infrastructure, and public safety sectors.

Lantronix (NASDAQ: LTRX) will showcase its AI-driven LM4 Out-of-Band Management (OOBM) platform at Cisco Live in San Diego from June 9-12, 2025. The LM4 is the industry's first console server specifically designed for Intermediate Distribution Frames and compact environments. The solution targets healthcare, finance, utilities, telecommunications, government, retail, and manufacturing sectors. The serial console server market represents nearly $400 million worldwide, with AI data centers and GPU-as-a-Service being the fastest-growing segments. Dell'Oro forecasts data center capex to exceed $1 trillion by 2029. The LM4 features up to four ports of serial console connections with support for up to 48 virtual ports, providing continuous monitoring and automated remediation of network infrastructure issues. The platform runs on LMOS software and integrates with Lantronix Control Center for centralized management, offering enterprise-grade functionality and AI-driven automation across all network points.

Lantronix (NASDAQ: LTRX) has appointed Dr. Sailesh Chittipeddi to its Board of Directors as an independent director, effective May 6, 2025. This appointment expands the board to five directors, with four being independent. Dr. Chittipeddi, currently a Venture Partner at Novo Tellus Capital Partners, brings extensive experience in technology and global operations.

Most notably, as executive vice president at Renesas Electronics, he led the Industrial, IoT and Infrastructure Business Unit, nearly doubling its revenue to over $7 billion USD. His previous roles include CEO positions at Conexant Systems and leadership positions at AT&T Bell Labs, Lucent Technologies, and Agere Systems. Dr. Chittipeddi holds 83 U.S. patents, has published over 40 technical articles, and brings significant expertise in manufacturing, procurement, and global supply chain strategy.

Lantronix (NASDAQ: LTRX) reported its Q3 FY2025 results with net revenue of $28.5 million, falling within the guidance range of $27.0-31.0 million. The company posted a GAAP EPS loss of ($0.10), compared to ($0.01) in Q3 FY2024, and a non-GAAP EPS of $0.03, down from $0.11 in the year-ago quarter.

During the quarter, Lantronix advanced its AI edge intelligence initiatives, enabling Teledyne/FLIR's AI-driven drone thermal camera and launching the Open-Q™ 8550CS SoM based on Qualcomm's QCS8550 processor. For Q4 FY2025, the company forecasts revenue between $26.5-30.5 million and non-GAAP EPS of $0.00-0.02.

Lantronix (NASDAQ: LTRX), a global provider of IoT and Edge AI Intelligence solutions, has announced its participation in the 22nd Annual Craig-Hallum Institutional Investor Conference. The event will take place on May 28, 2025, at the Depot Renaissance Hotel in Minneapolis. CEO Saleel Awsare and CFO Brent Stringham will be available for one-on-one meetings with investors during the conference. Interested investors can contact CFO Brent Stringham directly via investors@lantronix.com to schedule meetings.

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Lantronix (NASDAQ: LTRX), a global provider of IoT solutions enabling AI Edge Intelligence, has scheduled its fiscal 2025 third quarter earnings release for May 8, 2025, after market close. The company will host an investor conference call and webcast at 1:30 PM PT (4:30 PM ET) on the same day. Investors can join via phone by dialing 1-844-802-2442 (U.S.) or 1-412-317-5135 (international). A replay will be available through May 15, 2025, accessible via the company's website or by phone using passcode 3110521.

Lantronix (NASDAQ: LTRX) has achieved the 8th position on the Orange County Business Journal's list of Fastest-Growing Midsize Public Companies. The ranking reflects the company's impressive 22% revenue growth from 2022 to 2024, with revenues reaching $160.3 million for the 12 months ended December 30, 2024.

Under the leadership of CEO and President Saleel Awsare, Lantronix continues to strengthen its position as a global leader in compute and connectivity for IoT solutions enabling Edge AI Intelligence. The company has recently expanded its leadership team with seasoned industry professionals to drive strategic growth in 2025 and beyond.

Lantronix's achievements are further validated by multiple industry recognitions, including:

• 2025 IoT Breakthrough Awards IoT CEO of the Year Award
• 2025 CRN® Internet of Things (IoT) 50 list
• 2024 IoT Evolution Asset Tracking Award
• 2024 IoT Evolution Business Impact Award
• 2024 IoT Evolution Product of the Year Award

Lantronix (NASDAQ: LTRX) has been named to CRN's 2025 Internet of Things (IoT) 50 list, which recognizes leading vendors in IoT innovation and channel success. The company was specifically honored in the Hardware category of the prestigious list, which spans five categories including Security, Software, Industrial, and Networking and Connectivity.

The selection process involved CRN editors and channel partner community input, evaluating vendors based on their IoT portfolio quality and ability to create new opportunities for partners. Lantronix's recognition highlights its role in enabling partners to deliver cutting-edge Edge intelligent solutions for mutual customers.

The announcement was made by Lantronix's president & CEO Saleel Awsare, who emphasized the company's commitment to empowering channel partners. The 2025 CRN IoT 50 list is featured in CRN Magazine's April issue and on their website.