Lantronix Reports Results for Third Quarter of Fiscal 2025
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) ha comunicato i risultati del terzo trimestre dell'anno fiscale 2025, registrando un fatturato netto di 28,5 milioni di dollari, in linea con la previsione compresa tra 27,0 e 31,0 milioni di dollari. L'azienda ha riportato una perdita per azione GAAP di ($0,10), rispetto a ($0,01) nel terzo trimestre dell'anno fiscale 2024, e un utile per azione non-GAAP di $0,03, in calo rispetto a $0,11 nello stesso trimestre dell'anno precedente.
Nel trimestre, Lantronix ha fatto progressi nelle sue iniziative di intelligenza artificiale edge, supportando la telecamera termica AI-driven per droni di Teledyne/FLIR e lanciando la Open-Q™ 8550CS SoM basata sul processore Qualcomm QCS8550. Per il quarto trimestre dell'anno fiscale 2025, la società prevede un fatturato tra 26,5 e 30,5 milioni di dollari e un utile per azione non-GAAP compreso tra $0,00 e $0,02.
Lantronix (NASDAQ: LTRX) informó sus resultados del tercer trimestre del año fiscal 2025 con ingresos netos de 28,5 millones de dólares, dentro del rango estimado de 27,0 a 31,0 millones. La compañía registró una pérdida GAAP por acción de ($0,10), en comparación con ($0,01) en el tercer trimestre del año fiscal 2024, y una utilidad por acción no GAAP de $0,03, por debajo de los $0,11 del mismo trimestre del año anterior.
Durante el trimestre, Lantronix avanzó en sus iniciativas de inteligencia artificial en el borde, habilitando la cámara térmica para drones impulsada por IA de Teledyne/FLIR y lanzando el Open-Q™ 8550CS SoM basado en el procesador Qualcomm QCS8550. Para el cuarto trimestre del año fiscal 2025, la empresa pronostica ingresos entre 26,5 y 30,5 millones y una utilidad por acción no GAAP de $0,00 a $0,02.
Lantronix (NASDAQ: LTRX)는 2025 회계연도 3분기 실적을 발표하며 순매출액이 2,850만 달러로 가이던스 범위인 2,700만~3,100만 달러 내에 있음을 밝혔습니다. 회사는 2024 회계연도 3분기 대비 GAAP 기준 주당순손실이 ($0.10)에서 ($0.01)로, 비GAAP 기준 주당순이익은 $0.03으로 전년 동기 $0.11에서 감소했습니다.
분기 동안 Lantronix는 AI 엣지 인텔리전스 이니셔티브를 진전시켜 Teledyne/FLIR의 AI 기반 드론 열화상 카메라를 지원하고 Qualcomm QCS8550 프로세서를 탑재한 Open-Q™ 8550CS SoM을 출시했습니다. 2025 회계연도 4분기에는 매출 2,650만~3,050만 달러, 비GAAP 주당순이익 $0.00~0.02를 예상하고 있습니다.
Lantronix (NASDAQ : LTRX) a publié ses résultats du troisième trimestre de l’exercice 2025 avec un chiffre d’affaires net de 28,5 millions de dollars, conforme à la fourchette prévue de 27,0 à 31,0 millions de dollars. La société a enregistré une perte par action GAAP de (0,10 $), contre (0,01 $) au troisième trimestre de l’exercice 2024, et un bénéfice par action non-GAAP de 0,03 $, en baisse par rapport à 0,11 $ au même trimestre l’an dernier.
Au cours du trimestre, Lantronix a fait progresser ses initiatives d’intelligence artificielle en périphérie, en permettant la caméra thermique pour drones pilotée par IA de Teledyne/FLIR et en lançant le module Open-Q™ 8550CS SoM basé sur le processeur Qualcomm QCS8550. Pour le quatrième trimestre de l’exercice 2025, la société prévoit un chiffre d’affaires compris entre 26,5 et 30,5 millions de dollars et un bénéfice par action non-GAAP de 0,00 à 0,02 $.
Lantronix (NASDAQ: LTRX) meldete seine Ergebnisse für das dritte Quartal des Geschäftsjahres 2025 mit einem Nettoumsatz von 28,5 Millionen US-Dollar, was innerhalb der Prognosespanne von 27,0 bis 31,0 Millionen US-Dollar liegt. Das Unternehmen verzeichnete einen GAAP-Verlust je Aktie von ($0,10) im Vergleich zu ($0,01) im dritten Quartal 2024 und einen Non-GAAP-Gewinn je Aktie von $0,03, was einem Rückgang gegenüber $0,11 im Vorjahresquartal entspricht.
Im Quartal hat Lantronix seine Initiativen zur KI-Edge-Intelligenz vorangetrieben, indem es die KI-gesteuerte Drohnen-Wärmekamera von Teledyne/FLIR ermöglichte und das Open-Q™ 8550CS SoM auf Basis des Qualcomm QCS8550 Prozessors auf den Markt brachte. Für das vierte Quartal des Geschäftsjahres 2025 prognostiziert das Unternehmen einen Umsatz zwischen 26,5 und 30,5 Millionen US-Dollar sowie einen Non-GAAP-Gewinn je Aktie von $0,00 bis $0,02.
- Successfully enabled Teledyne/FLIR's AI-driven drone thermal camera, validating Open-Q platform capabilities
- Launched new Open-Q™ 8550CS SoM with premium AI/ML performance for industrial applications
- Revenue of $28.5M achieved within guidance range
- GAAP EPS declined to ($0.10) from ($0.01) in Q3 FY2024
- Non-GAAP EPS decreased to $0.03 from $0.11 in Q3 FY2024
- Q4 guidance suggests potential sequential revenue decline with $26.5-30.5M range
Insights
Lantronix shows deteriorating profitability with Q3 non-GAAP EPS at $0.03 (down 73% YoY) despite strategic AI investments.
Lantronix's Q3 FY2025 results paint a concerning financial picture despite their strategic positioning in AI edge computing. Revenue of
The expanding gap between GAAP and non-GAAP results raises questions about earnings quality and suggests increasing exceptional costs. While the company highlights initiatives in AI edge intelligence – including integration with Teledyne/FLIR's drone cameras and launching the Open-Q™ 8550CS SoM – these investments haven't translated into financial improvements.
Most concerning is the forward guidance, which signals continued challenges rather than recovery. The Q4 revenue projection of
CEO Awsare's comments about "positioning" the company for future growth acknowledge the near-term sacrifice of profitability for long-term potential. However, investors face a difficult reality: deteriorating current performance with no immediate recovery signaled in upcoming quarters, creating a challenging risk-reward proposition despite the company's strategic focus on high-growth AI computing markets.
- Third Quarter Net Revenue of
$28.5 Million - Third Quarter GAAP EPS of (
$0.10) - Third Quarter Non-GAAP EPS of
$0.03
IRVINE, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for the Internet of Things (IoT) solutions enabling Artificial Intelligence (AI) Edge Intelligence, today reported results for its third quarter of fiscal 2025.
Despite a complex macroeconomic environment, Lantronix delivered revenue within guidance and continued executing its long-term strategy toward becoming a leader in intelligent edge computing.
Lantronix continued its leadership in AI edge intelligence and industrial connectivity through several key initiatives in the last quarter. The company enabled Teledyne/FLIR’s AI-driven drone thermal camera, validating the performance and reliability of its Open-Q™ platform in mission-critical edge vision systems. Further expanding its AI-capable compute portfolio, Lantronix launched the Open-Q™ 8550CS SoM, built on Qualcomm’s advanced QCS8550 processor, which delivers premium AI/ML performance and is designed for next-generation industrial and robotics applications.
Q3 FY2025 Financial Results
- Net Revenue:
$28.5 million , in range of$27.0 million to$31.0 million guidance - GAAP EPS: (
$0.10) , compared to ($0.01) in Q3 FY2024 and ($0.06) in Q2 FY2025 - Non-GAAP EPS:
$0.03 , compared to$0.11 in Q3 FY2024 and$0.04 in Q2 FY2025
“We’re positioning Lantronix to lead the next wave of industrial and enterprise transformation at the edge,” said Saleel Awsare, president and CEO of Lantronix. “This quarter reflects continued investment in high-growth areas — from AI-enabled gateways to 5G connectivity — while advancing our innovation roadmap, global partnerships and talent base.”
Q4 FY2025 Business Outlook
Lantronix expects the following results for the fourth fiscal quarter ending June 30, 2025:
- Revenue:
$26.5 million to$30.5 million - Non-GAAP EPS:
$0.00 t o$0.02
Conference Call and Webcast
Management will host an investor conference call and audio webcast on Thursday, May 8, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its results for the third quarter of fiscal 2025 that ended March 31, 2025. To access the live conference call, investors should dial 1-844-802-2442 (U.S.) or 1-412-317-5135 (international) and indicate they are participating in the Lantronix fiscal 2025 third-quarter call.
Investors can access a conference call replay starting at approximately 8:00 p.m. Pacific Time on May 8, 2025, on the Lantronix website. A telephonic replay will also be available through May 15, 2025, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) or Canada Toll-Free 855-669-9658 and entering passcode 3110521.
About Lantronix
Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
Discussion of Non-GAAP Financial Measures
Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
Non-GAAP net loss consists of net loss excluding (i) share-based compensation and the employer portion of withholding taxes on stock grants, (ii) depreciation and amortization, (iii) interest income (expense), (iv) other income (expense), (v) income tax provision (benefit), (vi) restructuring, severance and related charges, (vii) acquisition related costs, (viii) impairment of long-lived assets, (ix) amortization of purchased intangibles, (x) amortization of manufacturing profit in acquired inventory, (xi) fair value remeasurement of earnout consideration, and (xii) loss on extinguishment of debt.
Non-GAAP EPS is calculated by dividing non-GAAP net loss by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP EPS, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which for GAAP purposes is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.
Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.
Forward-Looking Statements
This news release contains forward-looking statements, including statements concerning our revenue and earnings expectations for the fourth fiscal quarter of 2025, our positioning to capitalize on the next wave of industrial and enterprise transformation using edge computing, and our expectations regarding high-growth market areas. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Other factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to changes in U.S. trade policy, including recently increased or future tariffs, a pandemic or similar outbreak, wars and recent conflicts in Europe, Asia and the Middle East, hostilities in the Red Sea, or other causes; our ability to successfully convert our backlog and current demand; the impact of a pandemic or similar outbreak on our business, employees, customers, supply and distribution chains and the global economy; our ability to successfully implement our acquisition strategy or integrate acquired companies; uncertainty as to the future profitability of acquired businesses, and delays in the realization of, or the failure to realize, any accretion from acquisition transactions; acquiring, managing and integrating new operations, businesses or assets, and the associated diversion of management attention or other related costs or difficulties; our ability to continue to generate revenue from products sold into mature markets; our ability to develop, market, and sell new products; our ability to succeed with our new software offerings; our use of AI may result in reputational, competitive or financial harm and liability; fluctuations in our revenue due to the project-based timing of orders from certain customers; unpredictable timing of our revenues due to the lengthy sales cycle for our products and services and potential delays in customer completion of projects; our ability to accurately forecast future demand for our products; delays in qualifying revisions of existing products; constraints or delays in the supply of, or quality control issues with, certain materials or components; difficulties associated with the delivery, quality or cost of our products from our contract manufacturers or suppliers; risks related to the outsourcing of manufacturing and international operations; difficulties associated with our distributors or resellers; intense competition in our industry and resultant downward price pressure; rises in inventory levels and inventory obsolescence; undetected software or hardware errors or defects in our products; cybersecurity risks; our ability to obtain appropriate industry certifications or approvals from governmental regulatory bodies; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to protect patents and other proprietary rights and avoid infringement of others’ proprietary technology rights; issues relating to the stability of our financial and banking institutions and relationships; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; the impact of rising interest rates; our ability to attract and retain qualified management; and any additional factors included in our Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, expected to be filed with the SEC on or about May 9, 2025 including in the section entitled “Risk Factors” in Item 1A of Part II of such report; and in our other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.
Lantronix Analyst and Investor Contact:
| LANTRONIX, INC. | |||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (In thousands) | |||||||
| March 31, | June 30, | ||||||
| 2025 | 2024 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 19,999 | $ | 26,237 | |||
| Accounts receivable, net | 23,648 | 31,279 | |||||
| Inventories, net | 28,151 | 27,698 | |||||
| Contract manufacturers' receivables | 1,637 | 1,401 | |||||
| Prepaid expenses and other current assets | 3,029 | 2,335 | |||||
| Total current assets | 76,464 | 88,950 | |||||
| Property and equipment, net | 2,768 | 4,016 | |||||
| Goodwill | 31,089 | 27,824 | |||||
| Intangible assets, net | 4,310 | 5,251 | |||||
| Lease right-of-use assets | 8,974 | 9,567 | |||||
| Other assets | 584 | 600 | |||||
| Total assets | $ | 124,189 | $ | 136,208 | |||
| Liabilities and stockholders' equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 11,005 | $ | 10,347 | |||
| Accrued payroll and related expenses | 3,905 | 5,836 | |||||
| Current portion of long-term debt, net | 3,063 | 3,002 | |||||
| Other current liabilities | 10,594 | 10,971 | |||||
| Total current liabilities | 28,567 | 30,156 | |||||
| Long-term debt, net | 9,458 | 13,219 | |||||
| Other non-current liabilities | 10,694 | 11,478 | |||||
| Total liabilities | 48,719 | 54,853 | |||||
| Commitments and contingencies | |||||||
| Stockholders' equity: | |||||||
| Common stock | 4 | 4 | |||||
| Additional paid-in capital | 306,858 | 304,001 | |||||
| Accumulated deficit | (231,763 | ) | (223,021 | ) | |||
| Accumulated other comprehensive income | 371 | 371 | |||||
| Total stockholders' equity | 75,470 | 81,355 | |||||
| Total liabilities and stockholders' equity | $ | 124,189 | $ | 136,208 | |||
| LANTRONIX, INC. | |||||||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| March 31, | December 31, | March 31, | March 31, | ||||||||||||||||||||
| 2025 | 2024 | 2024 | 2025 | 2024 | |||||||||||||||||||
| Net revenue | $ | 28,500 | $ | 31,161 | $ | 41,183 | $ | 94,084 | $ | 111,252 | |||||||||||||
| Cost of revenue | 16,097 | 17,877 | 24,679 | 53,922 | 65,620 | ||||||||||||||||||
| Gross profit | 12,403 | 13,284 | 16,504 | 40,162 | 45,632 | ||||||||||||||||||
| Operating expenses: | |||||||||||||||||||||||
| Selling, general and administrative | 8,959 | 8,811 | 9,753 | 27,237 | 29,147 | ||||||||||||||||||
| Research and development | 4,463 | 4,984 | 5,186 | 14,403 | 15,017 | ||||||||||||||||||
| Restructuring, severance and related charges | 1,581 | 193 | 350 | 2,674 | 900 | ||||||||||||||||||
| Acquisition-related costs | 100 | 208 | - | 337 | - | ||||||||||||||||||
| Fair value remeasurement of earnout consideration | - | - | - | - | (9 | ) | |||||||||||||||||
| Amortization of intangible assets | 879 | 1,248 | 1,310 | 3,378 | 4,004 | ||||||||||||||||||
| Total operating expenses | 15,982 | 15,444 | 16,599 | 48,029 | 49,059 | ||||||||||||||||||
| Loss from operations | (3,579 | ) | (2,160 | ) | (95 | ) | (7,867 | ) | (3,427 | ) | |||||||||||||
| Interest expense, net | (159 | ) | (126 | ) | (171 | ) | (404 | ) | (741 | ) | |||||||||||||
| Other income (loss), net | (19 | ) | 8 | 2 | (48 | ) | (2 | ) | |||||||||||||||
| Loss before income taxes | (3,757 | ) | (2,278 | ) | (264 | ) | (8,319 | ) | (4,170 | ) | |||||||||||||
| Provision for income taxes | 111 | 94 | 159 | 423 | 732 | ||||||||||||||||||
| Net loss | $ | (3,868 | ) | $ | (2,372 | ) | $ | (423 | ) | $ | (8,742 | ) | $ | (4,902 | ) | ||||||||
| Net loss per share - basic and diluted | $ | (0.10 | ) | $ | (0.06 | ) | $ | (0.01 | ) | $ | (0.23 | ) | $ | (0.13 | ) | ||||||||
| Weighted-average common shares - basic and diluted | 38,820 | 38,631 | 37,509 | 38,493 | 37,283 | ||||||||||||||||||
| LANTRONIX, INC. | |||||||||||||||||||
| UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS | |||||||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||
| March 31, | December 31, | March 31, | March 31, | ||||||||||||||||
| 2025 | 2024 | 2024 | 2025 | 2024 | |||||||||||||||
| GAAP net loss | $ | (3,868 | ) | $ | (2,372 | ) | $ | (423 | ) | $ | (8,742 | ) | $ | (4,902 | ) | ||||
| Non-GAAP adjustments: | |||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||
| Share-based compensation | 34 | 48 | 66 | 146 | 171 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | - | 2 | 1 | 7 | 6 | ||||||||||||||
| Amortization of manufacturing profit in acquired inventory | 44 | - | 190 | 44 | 696 | ||||||||||||||
| Depreciation and amortization | 101 | 114 | 144 | 338 | 339 | ||||||||||||||
| Total adjustments to cost of revenue | 179 | 164 | 401 | 535 | 1,212 | ||||||||||||||
| Selling, general and administrative: | |||||||||||||||||||
| Share-based compensation | 1,159 | 1,044 | 1,337 | 3,329 | 4,238 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | 13 | 20 | 21 | 111 | 68 | ||||||||||||||
| Depreciation and amortization | 345 | 348 | 352 | 1,044 | 1,024 | ||||||||||||||
| Total adjustments to selling, general and administrative | 1,517 | 1,412 | 1,710 | 4,484 | 5,330 | ||||||||||||||
| Research and development: | |||||||||||||||||||
| Share-based compensation | 324 | 421 | 469 | 1,155 | 1,381 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | 4 | 2 | 9 | 25 | 27 | ||||||||||||||
| Depreciation and amortization | 56 | 111 | 76 | 236 | 236 | ||||||||||||||
| Total adjustments to research and development | 384 | 534 | 554 | 1,416 | 1,644 | ||||||||||||||
| Restructuring, severance and related charges | 1,581 | 193 | 350 | 2,674 | 900 | ||||||||||||||
| Acquisition related costs | 100 | 208 | - | 337 | - | ||||||||||||||
| Fair value remeasurement of earnout consideration | - | - | - | - | (9 | ) | |||||||||||||
| Amortization of purchased intangible assets | 879 | 1,248 | 1,310 | 3,378 | 4,004 | ||||||||||||||
| Litigation settlement cost | - | 158 | - | 198 | - | ||||||||||||||
| Total non-GAAP adjustments to operating expenses | 4,461 | 3,753 | 3,924 | 12,487 | 11,869 | ||||||||||||||
| Interest expense, net | 159 | 126 | 171 | 404 | 741 | ||||||||||||||
| Other (income) expense, net | 19 | (8 | ) | (2 | ) | 48 | 2 | ||||||||||||
| Provision for income taxes | 111 | 94 | 159 | 423 | 732 | ||||||||||||||
| Total non-GAAP adjustments | 4,929 | 4,129 | 4,653 | 13,897 | 14,556 | ||||||||||||||
| Non-GAAP net income | $ | 1,061 | $ | 1,757 | $ | 4,230 | $ | 5,155 | $ | 9,654 | |||||||||
| Non-GAAP net income per share - diluted | $ | 0.03 | $ | 0.04 | $ | 0.11 | $ | 0.13 | $ | 0.25 | |||||||||
| Denominator for GAAP net income (loss) per share - diluted | 38,820 | 38,631 | 37,509 | 38,493 | 37,283 | ||||||||||||||
| Non-GAAP adjustment | 1,300 | 953 | 1,674 | 1,034 | 1,021 | ||||||||||||||
| Denominator for non-GAAP net income per share - diluted | 40,120 | 39,584 | 39,183 | 39,527 | 38,304 | ||||||||||||||
| GAAP cost of revenue | $ | 16,097 | $ | 17,877 | $ | 24,679 | $ | 53,922 | $ | 65,620 | |||||||||
| Non-GAAP adjustments to cost of revenue | (179 | ) | (164 | ) | (401 | ) | (535 | ) | (1,212 | ) | |||||||||
| Non-GAAP cost of revenue | 15,918 | 17,713 | 24,278 | 53,387 | 64,408 | ||||||||||||||
| Non-GAAP gross profit | $ | 12,582 | $ | 13,448 | $ | 16,905 | $ | 40,697 | $ | 46,844 | |||||||||
| Non-GAAP gross margin | 44.1 | % | 43.2 | % | 41.0 | % | 43.3 | % | 42.1 | % | |||||||||
| LANTRONIX, INC. | ||||||||||||||
| UNAUDITED NET REVENUES BY PRODUCT LINE AND REGION | ||||||||||||||
| (In thousands) | ||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||
| March 31, 2025 | December 31, 2024 | March 31, 2024 | March 31, 2025 | March 31, 2024 | ||||||||||
| Embedded IoT Solutions | $ | 11,990 | $ | 10,784 | $ | 12,452 | $ | 36,161 | $ | 35,589 | ||||
| IoT System Solutions | 14,730 | 18,592 | 26,789 | 52,081 | 68,847 | |||||||||
| Software & Services | 1,780 | 1,785 | 1,942 | 5,842 | 6,816 | |||||||||
| $ | 28,500 | $ | 31,161 | $ | 41,183 | $ | 94,084 | $ | 111,252 | |||||
| Three Months Ended | Nine Months Ended | |||||||||||||
| March 31, 2025 | December 31, 2024 | March 31, 2024 | March 31, 2025 | March 31, 2024 | ||||||||||
| Americas | $ | 16,497 | $ | 16,386 | $ | 17,543 | $ | 50,303 | $ | 61,077 | ||||
| EMEA | 6,048 | 9,036 | 18,354 | 25,568 | 37,831 | |||||||||
| Asia Pacific Japan | 5,955 | 5,739 | 5,286 | 18,213 | 12,344 | |||||||||
| $ | 28,500 | $ | 31,161 | $ | 41,183 | $ | 94,084 | $ | 111,252 | |||||
FAQ
What were Lantronix (LTRX) Q3 2025 earnings results?
What is Lantronix (LTRX) guidance for Q4 2025?
What new products did Lantronix (LTRX) launch in Q3 2025?
How did Lantronix (LTRX) Q3 2025 earnings compare to last year?
What major partnerships did Lantronix (LTRX) announce in Q3 2025?
