Lantronix Stock Price, News & Analysis

Lantronix (Nasdaq: LTRX) plans to release its fiscal 2020 Q4 financial results on September 10, 2020, after market close. The company anticipates net revenues between $17.1 million and $17.6 million, reflecting a 4% to 7% sequential increase and a significant 68% to 73% increase year-over-year. Despite challenges from COVID-19 supply chain disruptions, management expects continued revenue growth. Cash reserves have grown to $7.7 million. An investor call will take place on the same date at 2:00 PM PT.

Lantronix (Nasdaq: LTRX), a leader in secure data access solutions for the IoT, announced its fall 2020 investor conference schedule. The CEO and CFO will participate in multiple virtual conferences, including the Canaccord Genuity Growth Conference from Aug. 11-13, where they will host one-on-one meetings and a presentation on Aug. 13. Additional events include the Oppenheimer and BMO Virtual Summits and the Lake Street Capital Best Ideas Conference. These engagements aim to connect with institutional investors and showcase the company's offerings in IoT solutions.

Lantronix (NASDAQ: LTRX) announced that its IoT solutions are now Wi-Fi Certified™ by the Wi-Fi Alliance, ensuring interoperability and security standards. This certification applies to products such as the xPico 250, xPico 270, PremierWave 2050, and SGX 5150. The rigorous testing confirms the capabilities of these products, designed to offer seamless connectivity for smart connected products with lower implementation risks. Lantronix emphasizes that this certification enhances customer confidence and reduces support costs.

Lantronix (NASDAQ: LTRX) and Cypress have partnered to deliver smart wireless connectivity solutions for industrial weighing scales, aiming to enhance retail automation. This collaboration supports the growing $5 billion industrial weighing scales market, particularly in grocery, which represents 33% of sales. Their solution utilizes the Lantronix xPico 240 IoT Gateway and the Cypress CYW43907 SoC, enabling significant flexibility and efficiency for grocery chains. Key benefits include rapid prototype development and reduced development costs, accelerating market readiness.

Lantronix (NASDAQ: LTRX) has collaborated with Misty Robotics to create Misty II, an open-platform robot designed for education, eldercare, and COVID-19 safety applications. Integrating Qualcomm technologies, Misty II offers advanced features like spatial awareness, high-resolution imaging, and customizable hardware and software capabilities. The project stems from Lantronix’s acquisition of Intrinsyc Technologies, enhancing its edge computing and engineering services. This partnership aims to foster innovation in robotics by enabling developers to create diverse applications, potentially shaping the future of the industry.

Lantronix (NASDAQ: LTRX) announced its ConsoleFlow cloud-based solution has successfully passed rigorous penetration testing and source code review by cybersecurity firm IntelligINTS. This validation confirms ConsoleFlow's security for remote management, particularly for critical hospital equipment. The software enables secure, centralized management for IoT devices, enhancing operational efficiency while ensuring data encryption. Lantronix aims to support secure remote operations amidst increasing demand for medical technology.

Lantronix (NASDAQ: LTRX) reports increased demand for its IoT and Intelligent Edge Solutions due to the surge in video conferencing from remote work during COVID-19. With Zoom's active users skyrocketing from 10 million in January to over 300 million by April, and similar growth across Microsoft Teams and Cisco WebEx, Lantronix aims to support this trend. The company highlights its acquisition of Intrinsyc, enhancing its product offerings. According to Gartner, 74% of CFOs predict a shift towards permanent remote work, indicating a sustained need for video conferencing solutions in the future.