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Lantronix Inc. (NASDAQ: LTRX) is a global provider of secure data access and management solutions, focusing on the Internet of Things (IoT) and intelligent information technology assets. With over two decades of expertise in developing robust machine-to-machine (M2M) technologies, Lantronix has positioned itself as a pioneer in enabling companies to deploy and manage IoT projects efficiently, while ensuring secure data access for applications and individuals.
Lantronix organizes its products and solutions into three primary categories: IoT Solutions, IoT System Solutions, and Software & Services. The company's embedded IoT solutions segment is the key revenue driver, catering to diverse industries such as healthcare, industrial, security, energy, transportation, and governmental sectors. Lantronix's geographical markets include the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan region, with the Americas contributing the majority of its total revenue.
Recently, Lantronix reported its first quarter of fiscal 2024 results, highlighting net revenue of $33.0 million, a 4% increase year-over-year. The company projects revenue for fiscal year 2024 to range between $175 million to $185 million, with expected non-GAAP EPS between $0.50 and $0.60 per share. Lantronix's strategic initiatives include the Percepxion platform, which accelerates IoT edge device deployments with features such as zero-touch automated provisioning and comprehensive device lifecycle management.
Lantronix’s financial condition remains stable, with a focus on non-GAAP financial measures to provide clearer insights into its operational trends. Non-GAAP net income excludes several elements like share-based compensation and restructuring charges. The SNAP 8 Gen 3 Mobile Platform exemplifies Lantronix’s commitment to innovation, delivering nearly double the AI performance of its predecessor and enabling sophisticated AI solutions in robotics and edge AI.
The company's recent launch of the FOX4 and Bolero 43 Edge Compute Trackers, alongside the Tracx browser-based fleet management hub, underscores its adaptive approach to meet the evolving needs of the telematics market. Lantronix’s ongoing projects and partnerships, such as those with Qualcomm, reinforce its market position as a leader in IoT connectivity and edge computing solutions.
As Lantronix continues to innovate and expand its product offerings, it remains a key player in enabling the next wave of IoT advancements, driving secure, scalable, and intelligent solutions across a multitude of industries.
Lantronix (NASDAQ: LTRX), a leading IoT compute and connectivity solutions provider, has announced its participation in the 27th Annual Needham Growth Conference. CEO Saleel Awsare and Interim CFO Brent Stringham will deliver in-person presentations on January 14-15, 2025 at the Lotte New York Palace Hotel.
Investors can access live audio webcasts and replays of the presentations through Lantronix's investor relations website section, with replays available for 90 days following the event. Interested investors seeking one-on-one meetings should contact investors@lantronix.com.
Lantronix (NASDAQ: LTRX) announced it will host briefings at CES 2025 (Jan. 7-10) to showcase its Edge AI solutions roadmap. The company will demonstrate Qualcomm Technologies-partnered embedded solutions and preview new enterprise IoT business solutions linked to its pending NetComm Wireless acquisition.
The company will showcase its new SmartLV, an AI-enabled IoT Edge Compute Cellular Gateway powered by Qualcomm® IQ-615 processor, designed for low-voltage substations and smart grid applications. The NetComm acquisition, expected to close in Q2 fiscal 2025, aims to expand Lantronix's 5G capabilities and enhance connectivity solutions in critical infrastructure, asset monitoring, and telecommunications.
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.
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