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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lantronix's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lantronix's position in the market.
Rhea-AI Summary
Lantronix Inc. appoints Kurt Hoff as vice president, Worldwide Sales, replacing Roger Holliday who is retiring. Hoff brings extensive IoT industry experience from companies like Synaptics and Silicon Laboratories, enhancing Lantronix's leadership team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Lantronix Inc. introduces Percepxion™, a Cloud IoT Edge Solutions platform pre-configured in their devices for easy IoT deployments. Key features include robust security, real-time device operation, and powerful data integration. The platform offers remote installation, firmware updates, and custom dashboards for improved efficiency and predictive maintenance applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
-
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) reported second-quarter net revenue of $37 million, up 12 percent sequentially and 18 percent year-over-year. GAAP EPS was ($0.07), while non-GAAP EPS was $0.08. The company expects third-quarter revenue in a range of $38 million to $42 million and non-GAAP EPS of $0.09 to $0.13 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-32.53%
Tags
Rhea-AI Summary
Lantronix Inc. announced it will release financial results from its fiscal 2024 second quarter ended Dec. 31, 2023, after the close of the market on Feb. 8, 2024. The company provides compute and connectivity IoT solutions for Smart Cities, Automotive, and Enterprise industries. Management will host an investor conference call and audio webcast on Feb. 8, 2024, at 2:00 p.m. Pacific Time. Investors can access the live conference call and webcast via the investor relations section of the Company’s website. A replay of the conference call will be available on the Lantronix website, as well as a telephonic replay through Feb. 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
-
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) wins IoT Evolution Smart Buildings Innovation Award for its Smart Managed Gigabit Power over Ethernet++ (PoE++) SM24TBT2DPB PoE++ Switch. The switch will be displayed at the 2024 BICSI Winter Conference and has contributed to powering the country’s first net-zero energy hotel, the Hotel Marcel, a historical building that is part of the Tapestry Collection by Hilton. The hotel is one of the first Passive House-certified hotels and one of fewer than a dozen LEED Platinum-certified hotels in the country. Lantronix’s PoE++ switch is the only UL-certified switch with true 24x90-watt power and direct high-voltage DC power, supporting the latest PoE standard and ensuring the highest possible integration with other smart building solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
-
Rhea-AI Summary
Lantronix Inc. announced the appointment of Christa Steele as an independent director to the Board of Directors. Steele brings extensive experience as a CEO and board member of public and privately held companies. Lantronix CEO and chairman expressed confidence in Steele's ability to drive revenue growth, improved profitability, and shareholder value creation. Steele holds an MBA from The Marshall School of Business at the University of Southern California and a Bachelor of Arts from California State University Sacramento.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) partners with P3 Digital Services to create a pre-integrated hardware and software turnkey In-Vehicle Infotainment (IVI) platform. Lantronix's Automotive Infotainment Computer (AIC) built around the Qualcomm SA8155P processor complements P3's flagship SPARQ OS software, offering OEMs a highly capable, secure, and future-ready infotainment platform, accelerating time to market and saving costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) announced the appointment of Saleel Awsare, president and CEO, to its Board of Directors. Mr. Awsare has been granted 470,255 RSUs, 235,127 PSUs tied to FY24 performance, and 223,931 PSUs tied to relative TSR, subject to vesting conditions. The awards are in accordance with NASDAQ Listing Rule 5635(c)(4).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Summary
Lantronix Inc. (NASDAQ: LTRX) reported first quarter net revenue of $33 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS was ($0.05), and non-GAAP EPS was $0.07. The company expects revenue for fiscal year 2024 in a range of $175 million to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20%
Tags
Rhea-AI Summary
Lantronix Inc. announces that Saleel Awsare, former Senior Vice President and General Manager at Synaptics, will join the company as President and CEO effective November 20, 2023. Awsare's experience in driving market valuation and leading growth makes him a valuable addition to Lantronix.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
Lantronix Inc
Nasdaq:LTRX
LTRX Rankings
LTRX Stock Data
140.16M
30.45M
18.88%
41.11%
0.67%
Electronic Computer Manufacturing
Manufacturing
United States of America
IRVINE
About LTRX
lantronix, inc. is a global provider of secure data access and management solutions for internet of things (iot) assets. our mission is to be the leading supplier of iot solutions that enable companies to dramatically simplify the creation, deployment, and management of iot projects while providing secure access to data for applications and people. with more than two decades of experience in creating robust machine to machine (m2m) technologies, lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the internet of things. our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial, environmental and government.