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 a global leader in secure IoT and IT asset management solutions, specializing in connectivity platforms for industries ranging from healthcare to industrial automation. This page serves as the definitive source for verified company news, offering investors and professionals timely updates on operational milestones.
Access official press releases spanning product innovations, financial results, and strategic partnerships. Our curated collection ensures you stay informed about developments in IoT System Solutions, Edge AI applications, and cybersecurity advancements without promotional bias.
Key content categories include quarterly earnings announcements, technology patent filings, executive leadership updates, and enterprise customer deployments. Each entry provides direct access to primary source materials for due diligence and market analysis.
Bookmark this page for streamlined tracking of Lantronix's progress in enabling secure machine-to-machine communication across smart infrastructure projects worldwide. Check regularly for updates that impact IoT connectivity standards and industrial automation trends.
Lantronix Inc. (NASDAQ: LTRX) reported record revenue for Q4 and full fiscal 2024. Q4 net revenue reached $49.1 million, up 19% sequentially and 41% year-over-year. Q4 GAAP EPS improved to $0.01 from ($0.05) in the prior year, while non-GAAP EPS rose 150% to $0.15. Annual net revenue grew 22% to $160.3 million, with annual non-GAAP EPS up 74% to $0.40. The company's cash balance increased 95% to $26.2 million. For Q1 fiscal 2025, Lantronix expects revenue between $34-$38 million and non-GAAP EPS of $0.07-$0.11.
Lantronix Inc. (NASDAQ: LTRX) has announced the winners of its 2024 SmartEdge™ Partner Program Awards, recognizing top channel partners globally. The awards highlight partners in North America, Asia Pacific, and Europe, Middle East and Africa who have contributed to Lantronix's position as a global compute and connect leader.
Key winners include:
- North America: TD Synnex (Partner of the Year), WWT (Innovation Partner), Charter (Software & Services Partner)
- Asia Pacific: Nexty (Partner of the Year), Shanghai Scopecon Technology Co., (Innovation Partner), Sheeltron Digital Pvt. (Software & Services Partner)
- EMEA: Atlantik Elektronik GmbH (Partner of the Year), Linkwave (Innovation Partner), SOL (Software & Services Partner)
The SmartEdge Partner Program aims to help Value-Added Resellers and Systems Integrators drive revenues by offering Lantronix's innovative IoT, Out-of-Band Management, and Mobility/Connectivity solutions.
Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT solutions, has announced its fiscal 2024 fourth quarter financial results release on September 5, 2024, after market close. The company will host an investor conference call and webcast at 2:00 p.m. Pacific Time on the same day. Investors can join the call by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A webcast will be available on the company's investor relations website. A replay of the call will be accessible from approximately 7:00 p.m. Pacific Time on September 5, and a telephonic replay will be available until September 12, 2024.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has entered into a cooperation agreement with stockholder 180 Degree Capital Corp. As part of this agreement, Narbeh Derhacobian and Kevin Palatnik will be nominated for election to the Lantronix Board of Directors at the company's 2024 Annual Meeting of Stockholders.
CEO Saleel Awsare emphasized the company's commitment to creating shareholder value and working collaboratively with shareholders. Daniel B. Wolfe, President of 180 Degree Capital, expressed appreciation for the constructive process and anticipation of the nominees' contributions to building value at Lantronix. The agreement includes customary standstill and voting commitments from 180 Degree Capital.
Lantronix Inc. (NASDAQ: LTRX) has been awarded the 2024 IoT Evolution Product of the Year Award for its Percepxion™ Cloud IoT Edge Solutions platform. This prestigious recognition from IoT Evolution World highlights Lantronix's commitment to advancing business efficiency and innovation in the IoT sector.
Launched in February 2024, Percepxion has set new standards for IoT operations management, serving a diverse clientele from Fortune 100 enterprises to startups. The platform offers comprehensive device lifecycle management, zero-touch automated provisioning, and remote management capabilities. It's pre-configured into Lantronix's IoT gateways, routers, trackers, and switches, making it ideal for critical infrastructure management, fleet management, and smart cities applications.
With the Enterprise IoT market reaching $269 billion in 2023 and growing at 15% year-over-year, Lantronix is well-positioned to capitalize on this expanding market with its innovative solutions.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has announced its participation in the 44th Annual Growth Conference hosted by Canaccord Genuity. The event will take place at the InterContinental Hotel in Boston on August 14, 2024.
Key details of Lantronix's participation include:
- A video webcast presentation scheduled for 9:00 a.m. Eastern Daylight Time
- CEO Saleel Awsare and CFO Jeremy Whitaker will be conducting one-on-one meetings with investors
- A webcast of the presentation will be available for viewing
This conference provides Lantronix with an opportunity to showcase its growth and connect with potential investors in the IoT solutions sector.
Lantronix (NASDAQ: LTRX) has won the 2024 IoT Business Impact Award from IoT Evolution magazine for its outstanding IoT solutions. The recognition highlights Lantronix's E210 Router and its successful global deployment for HY-LINE Group's Smart Shelf project, an easy-to-deploy digital retail shelf signage solution. This solution delivers customer engagement and purchasing behavior analytics, utilizing Lantronix's E210 Series Router with IoT SIM Connectivity Services and Percepxion™ Cloud IoT Edge Solutions platform for secure and centralized management.
According to Berg Insight, the retail industry is projected to grow with a CAGR of 10% over the next three years, reaching 19 million IoT devices by 2027. Lantronix aims to support this growth through its innovative plug-and-play connectivity services. The award affirms Lantronix's strategy of providing end-to-end IoT solutions that ensure security, integration, and ease of use, driving customer success in the IoT-driven market.
Lantronix has launched the EDS5000 series of device servers, designed to support 8, 16, or 32 serial managed devices over Ethernet for remote access and management.
The new servers offer advanced features including IPv6 technology, support for multiple serial protocols (RS232, RS422, RS485), and redundant power inputs (AC and DC). The devices are equipped with Ethernet connections via 10/100/1000 copper RJ45 or 100/1000 SFP, catering to various LAN/WAN options. They also have a wide operating temperature range of -10°C to +60°C and a comprehensive Device Security Framework with SSL/TLS, AES, and SSH.
Lantronix aims to address the growing demand for secure and efficient remote device management solutions.
Lantronix (NASDAQ: LTRX) will demonstrate its Percepxion™ Edge AI Solution prototype's integration with the Qualcomm® AI Hub at Qualcomm's AI Analyst and Media Workshop on June 25, 2024.
This integration aims to deliver a robust platform for optimized model performance, supporting rapid development and deployment of edge AI solutions across industries such as smart city, transportation, and connected healthcare.
Percepxion facilitates reduced decision latency, data costs, and provides robust cloud connectivity. It simplifies the integration and optimization of AI models for IoT applications.
The Qualcomm AI Hub aids developers with a straightforward Getting Started page, clear APIs, and a supportive Slack community.
The solution leverages the Qualcomm® QRB5165 processor, aiming to streamline AI development processes and create high-performance AI-driven applications.
Lantronix (NASDAQ: LTRX), a leading provider of compute and connectivity IoT solutions, announced that its CEO, Saleel Awsare, will participate in the ROTH 10th Annual London Conference on June 26–27, 2024. The event will be held at the Four Seasons London at Park Lane. During the conference, Awsare will engage in one-on-one meetings with investors. Interested parties can request a meeting by emailing oneononerequests@roth.com or contacting their ROTH sales representative. Additional information and registration can be done through the event's official page.
FAQ
What is the current stock price of Lantronix (LTRX)?
What is the market cap of Lantronix (LTRX)?
