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 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 Inc. (NASDAQ: LTRX) announced its involvement in Mouser Electronics' new 413,000-square-foot Global Distribution Center, the world's largest Class 4 DC-powered installation. Lantronix PoE++ switches are important components in the facility's PoE lighting system, which won an IBCon 2024 Digie Award for Most Intelligent DC-Powered Building.
The installation features Lantronix SM24TBT2DPB and SM24TBT2DPB-DE switches, delivering up to 90W of PoE++ power per port to lighting fixtures, occupancy sensors, and other endpoints. The DC power infrastructure significantly reduces energy costs and carbon footprint while improving lighting control and operational efficiency.
Key benefits include reduced energy consumption, minimized environmental impact, enhanced lighting control flexibility, lower maintenance requirements, and improved workplace lighting conditions. The system allows for scalable device additions and relocations, contributing to long-term cost reduction.
Lantronix (NASDAQ: LTRX) has announced a strategic partnership with Ion LATAM to expand its market presence in Latin America. The partnership covers Mexico, Central America, and South America, aiming to increase access to Lantronix's IoT and AI Edge solutions in these regions.
Ion LATAM, as a premier sales and marketing manufacturer's representative organization, will promote Lantronix's comprehensive IoT and intelligence edge product portfolio while providing technical support to customers. The collaboration is designed to meet the growing demand for secure, reliable IoT solutions in Latin America.
The partnership leverages Ion LATAM's industry expertise and customer relationships to accelerate the adoption of Lantronix's innovative solutions, including AI-powered Out-of-Band solutions and engineering services across the Latin American market.
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.
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