Welcome to our dedicated page for Lantronix news (Ticker: LTRX), a resource for investors and traders seeking the latest updates and insights on Lantronix stock.
Lantronix Inc (NASDAQ: LTRX) is frequently in the news for developments in Edge AI, Industrial IoT and unmanned systems. The company’s press releases highlight new product launches, collaborations and financial updates that illustrate how its intelligent computing, secure connectivity and remote management solutions are applied in mission‑critical environments.
Recent news has focused on Lantronix’s Edge AI platforms for surveillance and video analytics, such as its SmartEdge.ai Edge AI gateway and SmartSwitch.ai aggregation switch, which form an integrated edge surveillance and connectivity ecosystem designed for real‑time video analytics and AI‑driven insights. Other announcements describe a Drone Reference Platform intended to accelerate unmanned aerial vehicle development and support applications including intelligence, surveillance and reconnaissance, security monitoring and industrial inspection.
Lantronix also issues news on strategic collaborations in the drone and defense markets, where its Edge AI technology is used in gimbaled imaging systems and AI‑driven video processors for uncrewed aircraft systems. Financial news items include quarterly earnings results, non‑GAAP performance metrics and commentary on business momentum in areas such as drone OEM engagements and Edge AI platforms.
Investors and observers following LTRX news can expect updates on earnings announcements, Edge AI product introductions, partnerships in smart cities and unmanned systems, and participation in investor conferences. This mix of product, market and financial disclosures provides insight into how Lantronix is positioning its Edge AI and Industrial IoT solutions across high‑growth applications.
Lantronix Inc. (NASDAQ: LTRX), a provider of secure IoT solutions, announced its participation in the 5th Annual Lake Street Capital Markets Big5 Best Ideas Growth Conference. CEO Paul Pickle and CFO Jeremy Whitaker will host virtual one-on-one meetings on September 15, 2021. Investors interested in meetings are encouraged to contact their Lake Street Capital Markets representative. The company also released preliminary estimated results for its fiscal fourth quarter ended June 30, 2021, noting these results may change pending year-end closing procedures.
Lantronix Inc. (NASDAQ: LTRX) is enhancing IoT technology for point-of-care (POC) medical diagnostic devices, responding to the rising demand driven by diseases, including COVID-19. The global POC diagnostics market is projected to grow from $43.49 billion in 2021 to $81.37 billion by 2028, with a CAGR of 9.4%. Lantronix's xPico 250 IoT gateway supports secure connectivity for rapid diagnostic testing, facilitating faster prototypes and reduced development costs for medical device developers. Their solutions aim to improve patient care and operational efficiency in health settings.
Lantronix, a leader in IoT solutions, reported a record fourth-quarter net revenue of $20.6 million, reflecting a 19% increase year-over-year. For the fiscal year, net revenue reached $71.5 million, also up 19% year-over-year. GAAP gross margins improved to 48.8%, a significant increase from 37.7% a year ago. The company reported a GAAP EPS of ($0.04), an improvement from ($0.06) in the previous year, with non-GAAP EPS rising to $0.06. Looking ahead, Lantronix anticipates revenue growth of 45-75% and non-GAAP EPS growth of 85-135% in fiscal 2022.
Lantronix (NASDAQ: LTRX), formerly known as Transition Networks, is set to showcase its innovative Secure Remote Access Series (SRA) at the upcoming BICSI 2021 Fall Conference in Las Vegas from August 22-26, 2021. The SRA technology allows secure deployment and management of network devices, enhancing operational efficiency. This event marks a significant step in Lantronix's strategy to expand its offerings in smart city solutions. The company aims to provide comprehensive smart lighting and security solutions, furthering its commitment to connected infrastructure.
Lantronix Inc. (NASDAQ: LTRX) has introduced the Open-Q™ 5165RB System on Module (SOM), designed for high-performance applications in robotics and AI. This ultra-compact module leverages the Qualcomm® QRB5165 processor, providing advanced AI processing capabilities and multi-core performance. With features such as 8GB RAM, 128GB Flash, and support for Wi-Fi 6, it targets development in sectors including defense and industrial robotics. The accompanying Open-Q 865 SOM Development Kit is now available to streamline product development.
Lantronix Inc. (NASDAQ: LTRX) announced preliminary revenue expectations for its fiscal Q4 2021, projecting over $20 million, excluding revenue from the recent Transition Networks acquisition. The company is set to present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 1:35 p.m. PT. Full results will be released on August 26, 2021. These preliminary results are subject to change as closing procedures are not yet complete, emphasizing the need for cautious engagement with forward-looking statements regarding revenue and earnings.
Lantronix, a leading provider of IoT solutions, announced participation in the 24th Annual Oppenheimer Technology, Internet & Communications Conference on Aug. 10, 2021. CEO Paul Pickle and CFO Jeremy Whitaker will represent the company at 1:35 PM PT. They will also hold virtual one-on-one meetings throughout the event. This conference is a key opportunity for Lantronix to discuss its innovative Software as a Service, connectivity services, and intelligent hardware designed for IoT and Remote Environment Management.
Lantronix, a provider of IoT solutions, has successfully completed its acquisition of Transition Networks and Net2Edge, enhancing its capabilities in IoT connectivity. This transaction is anticipated to generate more than $100 million in annual revenues and offers synergies, including $7 million in annual run rate synergies within 24 months. The acquisition aims to increase Lantronix's market scale and improve non-GAAP earnings upon closing. Silicon Valley Bank supported the financing of this acquisition.
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Lantronix has announced enhancements to its ConsoleFlow™ platform, introducing True Zero-Touch automation for provisioning IoT devices. This upgrade simplifies the onboarding process, reducing on-site visits and operational costs for customers. The automation allows devices to connect to ConsoleFlow upon power-up, check for updates, and download firmware securely. Additionally, the platform supports real-time asset management and monitoring, promoting operational efficiency. Lantronix aims to drive customer value by facilitating easier device deployment, aligning with their vision of operational excellence.