Lantronix Stock Price, News & Analysis

Lantronix Inc. (NASDAQ: LTRX) announced the launch of its new Managed Layer 2 Hardened Gigabit Ethernet PoE++ Switch, the LSS2200-8P, designed for IoT and IP devices in smart buildings and rugged environments. The switch features cloud-based management via ConsoleFlow, allowing real-time monitoring and management. It supports a total power budget of 720W with 90W PoE per port, catering to high-powered devices. The global market for smart buildings is expected to grow at a CAGR of 14.9%, reaching 34.4 million connected systems by 2024, enhancing prospects for Lantronix's IoT solutions.

Lantronix (LTRX) has announced the successful implementation of its 24-Port Managed Gigabit Ethernet PoE++ Switch in an Intelligent IoT Lighting solution for a large Texas school district. This project, executed by Bryte Light, powered over 4,700 lighting devices and achieved a remarkable 41.4% reduction in energy usage, equating to annual savings of $33,665. The switch enhances operational efficiency by integrating with HVAC and security systems while reducing the carbon footprint significantly. The lighting's lifespan is doubled, lowering maintenance needs.

Lantronix Inc. (NASDAQ: LTRX) announced its acquisition of Out-of-Band management solutions provider Uplogix Inc. for approximately $8 million in cash, plus an additional contingent payment of up to $4 million based on revenue targets. This acquisition is expected to enhance Lantronix's scale in remote management solutions, increase high-margin revenue, and drive engineering synergies. The company anticipates the deal will be accretive to GAAP gross margins and non-GAAP earnings within the first six months. Uplogix reported revenues of around $9 million over the last twelve months.

Lantronix Inc. (LTRX) announced the launch of its new Managed Gigabit Power-over-Ethernet ++ (PoE++) Switch, designed for intelligent LED lighting and smart building IoT applications. This switch provides 90 watts per port, increasing efficiency and enabling a greater number of applications. With a 52 Gbps switching capacity and support for 24 PoE++ ports, it complies with IEEE standards. The global market for building automation is projected to grow from $31.8 billion in 2021 to $48.4 billion by 2024, indicating strong industry demand.

Lantronix reported record fourth quarter revenues of $35.9 million, a 74% increase year-over-year and an 11% rise sequentially. The company posted a GAAP EPS of $0.07 versus a loss of ($0.04) in the same quarter last year, and a non-GAAP EPS of $0.08 compared to $0.06 previously. For full year fiscal 2023, revenue guidance is set between $149 million and $162 million, indicating growth of 15% to 25% year-over-year. Non-GAAP EPS guidance is projected at $0.39 to $0.44, a year-over-year increase of 18% to 33%.

Lantronix, Inc. (LTRX) announced a rescheduling of its fourth quarter fiscal 2022 earnings report, now set for August 25, 2022, to allow its accounting firm to finalize audits. The company expects record revenues exceeding $35 million for Q4 and projects full fiscal year 2023 revenues between $149 million to $162 million, indicating a growth of 15% to 25%. Investors can join a conference call at 2:00 PM PT on the same day for detailed insights.

Lantronix Inc. (NASDAQ: LTRX) will release its fiscal 2022 fourth-quarter financial results on August 18, 2022, after market close. An investor conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can join the call by dialing the provided numbers or accessing via the company's website. A replay will be available afterward.

Lantronix specializes in secure turnkey solutions for the IoT and Remote Environment Management, offering various services to enhance operational efficiency and connectivity.

Lantronix Inc. (Nasdaq: LTRX) announced preliminary revenue estimates for Q4 FY2022, projecting record revenues exceeding $35 million due to strong demand for intelligent edge compute products. This announcement precedes their participation in the CG 42nd Annual Growth Conference on August 11, 2022. While the revenue outlook appears positive, the results are preliminary and subject to change following the completion of closing procedures. Investors are cautioned about risks associated with forward-looking statements regarding future business conditions.