Lantronix Stock Price, News & Analysis

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.

Lantronix Inc. (Nasdaq: LTRX) has announced that CEO Paul Pickle and CFO Jeremy Whitaker will engage in one-on-one investor meetings at the 34th Annual Roth Conference from March 13-15, 2022, held at the Ritz Carlton Laguna Niguel in Dana Point, California. Interested parties can request meetings via email or through their Roth sales representative. Lantronix specializes in secure turnkey solutions for the Industrial Internet of Things (IoT) and Intelligent IT markets, enhancing operational efficiency and market readiness for clients across various sectors.

Lantronix Inc. (NASDAQ: LTRX) announced an enhanced software build for its Open-Q™ 8250CS System on Module. This new software optimizes the module's performance, supporting intelligent video applications across IoT sectors, including smart cities and video collaboration.

The platform enables multiple video encode/decode sessions and low-latency functionalities, expediting product development and market launch. The module features a Qualcomm® QCS8250 processor, providing advanced video capabilities, crucial for edge computing.

Lantronix Inc. (NASDAQ: LTRX) showcased its G520 Series Smart Cellular IoT Devices at the Mobile World Congress, collaborating with Taoglas and Thales to enhance industrial IoT connectivity across various sectors, including Industrial 4.0, Security, and Transport. This partnership focuses on delivering robust, integrated solutions featuring Taoglas antennas and Thales' 5G connectivity. The G520 series benefits users by enabling connections of legacy equipment, ensuring reliable data access, and facilitating the digital transformation of connectivity-dependent industries.

Lantronix (NASDAQ: LTRX) announced its FOX3 Series telematics gateway has been integrated into the SATLOG Fleet Management System to optimize fleet operations. SATLOG processes over 5.4 million stops and approximately 600,000 events monthly, enhancing efficiency and cost savings for users. The European fleet management market is projected to grow at a 14.4% CAGR from 11.5 million units in 2020 to 22.5 million units by 2025. The FOX3 gateway enables smart tracking and data logging to empower users with actionable insights.

Lantronix, Inc. reported a record second-quarter net revenue of $33.7 million, marking a significant 103% year-over-year growth and 22% sequential growth. The company's GAAP EPS was ($0.08), slightly worse than ($0.05) in the prior year. Non-GAAP EPS improved to $0.10 versus $0.03 a year ago. Lantronix raised its fiscal 2022 revenue guidance to $112.5 million to $127.5 million, reflecting a 57% to 78% year-over-year increase. The company also provided a non-GAAP EPS outlook of $0.32 to $0.40.

Lantronix Inc. (NASDAQ: LTRX) has launched new application-specific industrial IoT solutions targeting Industry 4.0, Security, and Transport markets. These include the G520 Industrial router and G520 Security router, designed to enhance operational efficiency and reduce cybersecurity threats. The products integrate with ConsoleFlow for streamlined remote asset management. According to Berg Insight, cellular IoT device shipments are predicted to grow at a CAGR of 15.8% to 629.6 million units by 2025. A G520 Transport solution is set to launch later in 2022.

Lantronix Inc. (NASDAQ: LTRX) announced that it will release its financial results for the fiscal 2022 second quarter, ending December 31, 2021, on February 10, 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 access the call via phone or through a live webcast on the company's website. A replay will be available after the call. Lantronix is a provider of secure IoT and Remote Environment Management solutions, enhancing operational efficiency for various sectors.