Lantronix Stock Price, News & Analysis

Lantronix Inc. (NASDAQ: LTRX) announced successful utilization of its Open-Q Micro SOM and engineering services by EchoNous for developing Kosmos, the first AI-assisted handheld ultrasound device.

Niko Pagoulatos, EchoNous CTO, praised the performance of the Open-Q μSOM and noted that Lantronix's engineering support significantly reduced costs and development time. The Kosmos device enhances diagnostic capabilities for clinicians in various assessments and incorporates AI-driven deep learning technology for improved healthcare solutions.

Lantronix (NASDAQ: LTRX) will showcase its Open-Q SOMs and µSoMs at Hannover Messe, demonstrating the Youbiquo Leonardo Smart Glasses from May 30 to June 2, 2022. This collaboration with Qualcomm highlights advancements in industrial IoT solutions. The showcased technology aims to enhance operational efficiency and safety in industrial settings. Key features include rapid prototyping, cost reduction, and customization for various user types, with a focus on supporting developers in bringing innovative IoT solutions to market.

Lantronix Inc. (NASDAQ: LTRX) reported third-quarter fiscal 2022 net revenue of $32.3 million, up 89% year-over-year but down 4% sequentially. The GAAP EPS was (0.09), compared to (0.04) in the prior year, while non-GAAP EPS improved to $0.08 from $0.05. The company raised its full-year revenue guidance to $125 million to $129 million, indicating about 75% to 80% year-over-year growth. Despite ongoing supply chain challenges, Lantronix anticipates continued growth in Q4.

Lantronix (LTRX) announced its fiscal 2022 third quarter earnings release on May 4, 2022, following the market's closure. The investor conference call is scheduled for the same day at 2:00 p.m. PT. The Company specializes in secure solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering a variety of services including Software as a Service (SaaS) and intelligent hardware. Investors will be able to access a replay of the conference call through various channels starting at 7:00 p.m. PT on the same day.

Lantronix Inc. (NASDAQ: LTRX) announced that Anita Kumar, VP of Business Operations, has been recognized in the 2022 Women in Security Power 100 by the Security Industry Association (SIA). This program honors 100 women in the security industry for their contributions to diversity and leadership. Kumar has a 20-year career in security technology, previously serving as CEO of Communication Systems Inc. and GM of Transition Networks. The recognition ceremony took place at ISC West 2022 on March 25, 2022.

Lantronix has announced that its xPico 200 Series gateways have received WPA3 Certification from the Wi-Fi Alliance for both WPA3-Enterprise and WPA3-Personal. This certification enhances Wi-Fi security, offers robust authentication, and provides increased cryptographic strength for sensitive data. The xPico gateways facilitate seamless Ethernet, Wi-Fi, and Bluetooth® connectivity, aiding OEMs in building and deploying smart connected products while minimizing risks. The gateways are designed for industrial-grade operations and feature automatic network connection management.

Lantronix Inc. (NASDAQ: LTRX) announced the launch of its ConsoleFlow centralized device management platform, enhancing operational efficiency for IoT applications. The integration with Ethernet PoE switches and IoT cellular gateways provides a 'single pane of glass' management system, facilitating True Zero-Touch automation. This solution aims to address the expanding video surveillance market, expected to hit $14.3 billion by 2024. The company will showcase its innovations at the ISC West conference on March 22–25, 2022, including a new Mini Power over Ethernet Media Converter.

Lantronix Inc. (LTRX) announced that its smart managed industrial hardened gigabit Ethernet switches have been approved by the Georgia Department of Transportation (GDOT) for sale and installation in state transportation projects. This approval enhances Lantronix's presence in the smart transportation sector, joining similar approvals in New York and Florida. The certified products include four Ethernet switches that meet stringent safety and performance standards. These switches are designed for use in challenging environments and offer various capabilities, including PoE functionality and advanced network management features.