Lantronix Stock Price, News & Analysis

Lantronix (NASDAQ: LTRX) has appointed Steve Burrington as Vice President of Global Research and Development to oversee product development and define the company's technology direction. Burrington brings over 25 years of experience in engineering and technology leadership, specializing in LTE IoT, telematics, and video product development.

In his previous roles at Sierra Wireless and Netgear, Burrington managed global teams of over 150 engineers and directed operating budgets exceeding $35 million. His expertise includes working with chipset vendors, ODMs, and structured development environments. The appointment aligns with Lantronix's focus on Edge AI and mission to drive technological innovation and operational excellence in compute and connectivity for IoT solutions.

Lantronix (NASDAQ: LTRX) reported its second quarter fiscal 2025 results with net revenue of $31.2 million, meeting the midpoint of guidance. The company posted a GAAP EPS of ($0.06), an improvement from ($0.07) in both the prior year and quarter. Non-GAAP EPS came in at $0.04, down from $0.08 year-over-year and $0.06 sequentially.

The company is focusing on three key vertical markets: Enterprise, Smart Cities including critical infrastructure, and Transportation. Lantronix is actively advancing Edge AI solutions and integrating recently acquired IoT assets from Netcomm.

For Q3 fiscal 2025, Lantronix provided guidance of $27.0 million to $31.0 million in revenue and non-GAAP EPS between $0.01 to $0.05 per share.

Lantronix (NASDAQ: LTRX) announced that Philip Brace will depart from its Board of Directors on February 5, 2025, to assume the role of CEO at Skyworks Solutions Inc. Brace, who joined the Lantronix Board in August 2023, brought 30 years of experience in semiconductor, server, IoT, and storage industries. Prior to his board position, he served as president and CEO of Sierra Wireless Inc. from July 2021 to January 2023.

Lantronix CEO Saleel Awsare and Board Chairman Hoshi Printer acknowledged Brace's contributions, particularly highlighting his expertise in corporate governance and technology. Brace expressed confidence in Lantronix's future under its current leadership team as the company continues to expand its global presence in compute and connectivity for IoT solutions.

Lantronix (NASDAQ: LTRX) announced the debut of its new LM4 AI-powered Out-of-Band Management (OOBM) platform at Cisco Live in Amsterdam. The LM4 is the first console server specifically designed for Intermediate Distribution Frames and compact environments, targeting healthcare, finance, utilities, telecommunications, government, retail, and manufacturing sectors.

The platform provides automated network infrastructure recovery and monitoring through rules-based AI, offering up to four ports of serial console connections and support for 48 virtual ports. According to Dell'Oro Group, the serial console server market was valued at $320 million in 2024 and is projected to reach $391 million by 2026, growing at 7%.

The LM4 runs on LMOS software, compatible with LM83X and LM80 console servers, and is managed by Lantronix Control Center. The solution aims to standardize out-of-band management and implement AI-driven automation across network points, promising improved network resilience, easier management, and enhanced security.

Lantronix (NASDAQ: LTRX), a global provider of IoT solutions enabling AI Edge Intelligence, has scheduled its fiscal 2025 second quarter financial results announcement for February 6, 2025, after market close. The results will cover the period ended December 31, 2024.

The company will host an investor conference call and webcast at 1:30 PM Pacific Time (4:30 PM Eastern Time) on the same day. Investors can participate by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A replay will be available through February 13, 2025, accessible via the company's website or by phone using passcode 3433776.

Lantronix (NASDAQ: LTRX) announced the launch of its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch at the 2025 BICSI Winter Conference & Exhibition. The new switch features 2.5G ports and IEEE 1588v2 precision clock synchronization protocol, designed for wireless devices in security, surveillance, and smart building applications requiring always-on performance.

The switch comes integrated with Lantronix's Percepxion™ Software End-to-End Solutions platform, offering comprehensive device lifecycle management and data analytics through a single interface. The company will also showcase its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the event, along with other solutions including Network Extension Solutions, Secure Data Transmission solutions, and Industrial IoT Solutions.

Lantronix (NASDAQ: LTRX) announced that its president and CEO Saleel Awsare has been appointed to the Forbes Technology Council, an invitation-only community for business and technology leaders. The selection was based on Awsare's industry achievements and thought leadership. Awsare expressed his intention to share insights on AI and IoT transformations affecting enterprise business practices.

Prior to joining Lantronix in 2023, Awsare served as senior vice president at Synaptics Inc., where he managed the Enterprise and Mobile Division and played a key role in the company's successful transition from Mobile to IoT and enterprise markets. His previous experience includes serving as president of Conexant Systems from 2012 to 2017, where he established the company as a leader in audio and voice technologies, leading to its acquisition by Synaptics. From 2008 to 2012, he served as president of Nuvoton Technology America.

Lantronix (NASDAQ: LTRX) has appointed Daniel Quant as head of Industrial IoT Products and Business Line, reporting to Chief Strategy Officer Mathi Gurusamy. Quant will focus on integrating Artificial Intelligence into Industrial IoT devices to meet growing Edge Intelligence demands.

With over 20 years of experience in Industrial IoT and wireless communications, Quant previously served as VP and GM at Multi-Tech Systems, where he led development of IoT technologies including LoRaWAN gateways, Private LTE devices, and 5G NR RedCap solutions. His achievements include launching the first LoRa-based edge-compute Network Gateway and pioneering LTE Cat.M1 devices for AT&T's network.

Quant holds a bachelor's in Electronic System Engineering and completed advanced Machine Learning studies at MIT. He has contributed to industry standards through organizations like the LoRa Alliance, 3GPP, and CTIA.

Lantronix (NASDAQ: LTRX) has appointed Brent Stringham as its permanent Chief Financial Officer (CFO). Stringham, who previously served as the company's interim CFO and Chief Accounting Officer, has been with Lantronix since 2012. Prior to Lantronix, he held financial positions at Iteris Inc., Netlist Inc., and Ernst & Young.

CEO Saleel Awsare highlighted Stringham's deep institutional knowledge and extensive financial expertise gained through his 13-year tenure with the company. The appointment aligns with Lantronix's commitment to delivering shareholder value and advancing its strategic focus on Edge Intelligence in the IoT industry.