Lantronix Stock Price, News & Analysis

Lantronix (NASDAQ: LTRX), a global leader in IoT compute and connectivity solutions, announced its participation in the 13th Annual NYC Summit investor conference. The event, co-hosted by 17 other companies, will take place on December 17, 2024, at Mastro's Steakhouse New York. Saleel Awsare, President & CEO of Lantronix, will present at the conference. The presentation materials will be available on the company's website in the events section.

Lantronix (LTRX) reported Q1 fiscal 2025 results with net revenue of $34.4 million, showing a 4% year-over-year increase but a sequential decline. The company posted GAAP EPS of ($0.07), down from ($0.05) in the prior year, and non-GAAP EPS of $0.06, compared to $0.07 last year. For Q2 fiscal 2025, Lantronix projects revenue between $29.0 million to $33.0 million and non-GAAP EPS of $0.01 to $0.05 per share, excluding potential contributions from the pending NetComm IoT product line acquisition.

Lantronix (NASDAQ: LTRX) has signed a definitive agreement to acquire NetComm's enterprise IoT business from DZS for $6.5 million in cash. The acquisition enhances Lantronix's Enterprise and Smart City market presence, expanding its 4G and 5G capabilities in Gateway, Routers, and Modems. The transaction is expected to close in Q2 fiscal 2025 and be accretive upon closing. The acquired portfolio is projected to generate $6-7 million in revenue during 2024, strengthening Lantronix's position in critical infrastructure, asset monitoring, and telecommunications sectors while expanding into new markets like Australia and New Zealand.

Lantronix (NASDAQ: LTRX), a global compute and connectivity IoT solutions provider, will release its fiscal 2025 first quarter financial results on November 7, 2024, after market close. The company will host an investor conference call and webcast at 3:30 PM PT/6:30 PM ET on the same day. Investors can join via phone (1-844-802-2442 US, 1-412-317-5135 international) or through the company's investor relations website. A replay will be available until November 14, 2024, through the website or phone (passcode: 8899754).

Lantronix Inc. (NASDAQ: LTRX) has unveiled SmartLV, the first AI-enabled IoT Edge Compute Cellular Gateway powered by the Qualcomm® IQ-615 processor. Designed for low-voltage substations and distribution automation in smart grids, utilities, and industrial sectors, SmartLV aims to revolutionize real-time visibility, control, and automation in the energy sector.

Key features include multi-protocol communication, high-speed connectivity, edge computing for real-time decisions, advanced cybersecurity, and simplified management through Lantronix's Percepxion™ IoT Edge Platform. The gateway enables Distribution System Operators (DSOs) to manage energy precisely and respond to real-time grid conditions.

SmartLV will debut at Enlit Europe, Oct. 22–24, 2024, in Milan, Italy. The product is scheduled to launch in CY 2025, with trials beginning at the end of CY 2024 for selected DSOs.

Lantronix Inc. (NASDAQ: LTRX) has unveiled five new System-in-Package (SiP) solutions powered by Qualcomm Technologies' chipsets, reinforcing its position in industrial and enterprise IoT innovation. These solutions bring advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities to the edge, targeting applications in robotics, industrial automation, video surveillance, and drones.

The new SiP modules are compliant with the Trade Agreements Act (TAA) and the National Defense Authorization Act (NDAA). They integrate AI capabilities from the Qualcomm AI Hub, providing a reference base of over 100 AI models and simplified model optimization. The lineup includes:

• IQ9 Series SiPs (9100IQ and 9075IQ) for industrial and robotics applications
• Open-Q 8550CS for advanced video and AI applications
• Open-Q 6490CS and 5430CS for scalable AI solutions

These SiPs offer features such as high AI performance, power efficiency, advanced connectivity, and support for complex computing tasks, positioning Lantronix at the forefront of edge AI technology.

Lantronix Inc. (NASDAQ: LTRX) has been named a finalist in The Top 100 Software Companies of 2024 ranking by The Software Report. This recognition is largely due to Lantronix's Percepxion™ Cloud IoT Edge Solutions platform, which has gained traction since its launch in February 2024.

The Percepxion platform offers comprehensive device lifecycle management through Web, APIs, and mobile apps. It includes features such as zero-touch automated provisioning, remote installation, and secure data communication. The platform is suitable for critical infrastructure management, fleet management, and smart cities.

Lantronix's CEO, Saleel Awsare, stated that this recognition validates their commitment to advancing business efficiency and fostering innovation in the IoT sector. The Enterprise IoT market reached $269 billion in 2023, growing 15% year-over-year, positioning Lantronix to capitalize on this expanding market.

Lantronix Inc. (NASDAQ: LTRX) will showcase its IoT solutions at the GSX tradeshow in Orlando and ISE in London. The company will display its award-winning switches, routers, gateways, and trackers. Highlights include:

1. New SM8TBT2SA 8-port and SM24TBT4SA 24-port PoE switches for security, surveillance, and smart city applications.

2. New FOX4 and Bolero40 trackers for asset and fleet management, featuring customization capabilities and pre-configured with Lantronix's Percepxion IoT edge software platform.

3. Lantronix's solutions are used in notable projects like Hotel Marcel, the first net-zero energy hotel in the US, and by the New York Department of Transportation.

The company is positioning itself in growing markets, with PoE ports expected to comprise over half of campus switch port shipments by 2028, valued at $8.2 billion, and the global aftermarket telematic devices market projected to reach $3.7 billion by 2027.

Lantronix Inc. (NASDAQ: LTRX) announced the resignation of CFO Jeremy Whitaker, who departed on September 13, 2024, to join a private company. The company has appointed Brent Stringham, its current Controller, as Interim CFO while conducting a search for a permanent replacement. Stringham, with Lantronix since 2012, brings extensive financial expertise to the role.

To support the transition, Lantronix has engaged David McLennan, former CFO of Sierra Wireless Inc., as a consultant. CEO Saleel Awsare expressed confidence in the company's financial future with this leadership team. Whitaker, who served for 18 years, stated that he balanced completing year-end results at Lantronix with the needs of his new position.