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) 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.
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.