Lantronix Stock Price, News & Analysis

Lantronix has announced a new case study on HY-LINE Group's Smart Shelf, a digital retail shelf signage solution. This solution integrates Lantronix’s E210 Series Router (E214) with IoT SIM Connectivity Services and the Percepxion Cloud IoT Edge Solutions platform.

HY-LINE's Smart Shelf engages customers and captures buying behaviors while providing analytics to boost sales. The solution offers secure connectivity via LAN, WLAN, or cellular IoT SIM, scalable cloud management, and live updates for promotions or price changes. The retail industry is projected to see a 10% CAGR in IoT device shipments, reaching 19 million units by 2027.

Lantronix's IoT solutions offer plug & play installation, simple-to-update interactive promotions, and remote management via the Percepxion platform, supporting global deployment and customer engagement in the retail market.

On May 30, 2024, Lantronix announced it will showcase its AI-driven out-of-band management solutions at Cisco Live, held in Las Vegas from June 2-6, 2024. These solutions leverage rules-based AI to automatically recover and mitigate network infrastructure during outages, providing secure remote access to gear. Lantronix's innovations aim to automate routine IT tasks, enhancing network security and reliability. Featured products include the AI-Driven Out-of-Band LM83X, LM80, and Control Center, among others. Lantronix is committed to delivering efficient and secure out-of-band solutions with robust technical support.

Lantronix has announced the debut of its Percepxion Cloud Software Platform and new FOX4 and Bolero 43 telematic trackers at the IoT Solutions World Congress in Barcelona from May 21–23, 2024. Additionally, Lantronix will preview its Tracx browser-based fleet management hub. The company's comprehensive and secure IoT solutions are designed to address global edge deployments and diverse connectivity needs. Mathi Gurusamy, Lantronix's chief strategy officer, highlighted the company's role in IoT success. The global aftermarket telematic devices market is forecasted to grow at a CAGR of 10.5% over the next five years, reaching 77.6 million units valued at $3.7 billion by 2027, a trend that Lantronix aims to capitalize on with its innovative offerings.

Lantronix Inc. appoints Mathi Gurusamy as Chief Strategy Officer to drive strategic growth and build market leadership. Gurusamy will lead strategic planning, manage merger and acquisition activities, and drive go-to-market strategies focusing on key IoT technology trends. The company aims to capitalize on Gurusamy's expertise in IoT and high-tech fields to enhance its competitive position and seize growth opportunities. Lantronix will issue Gurusamy inducement awards comprising 95,691 restricted share units (RSUs) and 66,248 performance-based share units (PSUs) to align his interests with the company's performance.

Lantronix Inc. (NASDAQ: LTRX) will participate in the 19th Annual Needham Technology, Media, & Consumer Investor Conference on May 14, 2024. The CFO will engage in a fireside chat and one-on-one meetings with investors. Live audio webcast and replay will be available. Contact CFO Jeremy Whitaker for meeting availability.

Lantronix Inc. reported record revenue for the third quarter of fiscal 2024, with net revenue reaching $41.2 million, up 11% sequentially and 25% year-over-year. GAAP EPS improved to ($0.01) from ($0.08) in the prior year, while Non-GAAP EPS increased to $0.11 from $0.06 in the prior year. The company provided a business outlook for the fourth quarter, expecting revenue between $46.5 million to $51.5 million and non-GAAP EPS of $0.12 to $0.18 per share.

The positive financial performance suggests growth and profitability for Lantronix, positioning the company well for the future.