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) reported a 25% increase in net revenue for Q2 FY 2021, totaling $16.6 million, compared to the prior year. GAAP EPS improved to (0.05), an improvement from (0.06) a year ago, while non-GAAP EPS remained at $0.03. Despite some revenue impact from component delays, demand strengthened, resulting in a record backlog entering Q3. For the full fiscal year 2021, Lantronix projects a revenue growth of 15-25% and non-GAAP EPS growth of 75-125%. A conference call to discuss the results was held on February 11, 2021.
Lantronix Inc. (NASDAQ: LTRX) has appointed SAPPLY as its new distributor for Australasia, enhancing its market reach in the IoT and Out-of-Band Management sectors. SAPPLY will provide Lantronix's complete portfolio of software, hardware, and services, including IoT gateways, modems, and SaaS solutions. This partnership aims to support Lantronix's growing customer base in the Australasia region, leveraging SAPPLY's expertise in data center networking and IoT connectivity.
Lantronix, Inc. (NASDAQ: LTRX) announced the release date for its fiscal 2021 second quarter financial results, set for February 11, 2021, post-market. The company will host an investor conference call at 2:00 PM PT (5:00 PM ET) on the same day. Results will cover the quarter ended December 31, 2020, highlighting the company's position as a global provider of SaaS, engineering services, and hardware for Edge Computing and IoT. This call presents an opportunity for current and potential investors to gain insights into Lantronix's financial health and future outlook.
Lantronix Inc. (NASDAQ: LTRX) announced participation in the 23rd Annual Needham Virtual Growth Conference on January 11, 2021, at 11 a.m. PT. CEO Paul Pickle and CFO Jeremy Whitaker will engage in the event, alongside virtual one-on-one meetings. As a leading provider of Software as a Service (SaaS) and engineering solutions for the IoT and Remote Environment Management, Lantronix offers a comprehensive portfolio addressing various IoT layers. Their solutions aim to enhance operational efficiency and security across numerous industries.
Lantronix Inc. (LTRX) has announced its ConsoleFlow™ management software platform and SGX 5150 IoT Device Gateway, enhancing medical device connectivity for hospitals. The solution increases operational efficiency and reduces costs through secure communication. The SGX 5150 provides reliable connectivity, addressing Wi-Fi gaps and ensuring patient data privacy. Key benefits include zero-touch remote updates, reduced on-site visits, and improved troubleshooting capabilities. Lantronix aims to solve hospitals' connectivity challenges while enhancing patient care and operational efficiency.
Lantronix Inc. (NASDAQ: LTRX) has collaborated with Flock Safety to develop a cost-effective automated license plate recognition (ALPR) system. This system utilizes 24-hour wireless cameras to collect license plate data, aiding law enforcement in crime-solving across over 700 cities in 38 states, resulting in crime reductions of up to 60%. The partnership leveraged Lantronix’s Open-Q 624A System on Module (SoM), enabling rapid market entry with an affordable solution designed to enhance community safety and support Smart Cities initiatives.
Lantronix reported a remarkable 31.4% revenue growth over two years, recognized as the fifth fastest-growing small public company by the Orange County Business Journal. This growth stems from advancements in IoT, artificial intelligence, robotics, and communications. The company’s targeted acquisition strategy, including IoT pioneer Intrinsyc Technologies and FALCOM Holdings, fueled this trajectory. Notably, Lantronix supported two products recognized in TIME’s Best Inventions of 2020, showcasing its role in accelerating innovation.
Lantronix Inc. (NASDAQ: LTRX) has partnered with Youbiquo, an Italian developer, to enhance the development of Talens Holo augmented reality smart glasses. Utilizing Lantronix's Open-Q 626 µSOM technology, Youbiquo rapidly created a certified product aimed at improving maintenance operations through IoT integration. The smart glasses allow technicians to access critical data hands-free, boosting work efficiency. Key benefits include reduced development costs and faster market entry.
Lantronix, Inc. (NASDAQ: LTRX) reported its first quarter fiscal 2021 results, showing net revenue of $17.1 million, reflecting a 35% year-over-year increase but down 1% sequentially. GAAP gross margin improved significantly by 1,040 basis points to 48.1%, while GAAP EPS improved to (0.01) per share from (0.06). Non-GAAP EPS was $0.05, driven by strong gross margins and expense controls. The company reiterated its revenue growth target of 20%-25% for fiscal 2021, alongside non-GAAP EPS growth of 120%-160%.
Lantronix Inc. (NASDAQ: LTRX) announced its new Connectivity Services, designed to simplify IoT and Remote Environment Management connectivity. The services offer resilient cellular connectivity through over 600 networks in 185 countries using a single SIM card. These cloud-based solutions, part of the ConsoleFlow SaaS platform, aim to enhance operational efficiency and ROI for users managing IoT fleets or large data centers. With Global and Carrier Connectivity options, users can activate and manage devices easily, ensuring reliable service for mission-critical applications.