Lantronix Ranks 8th on Orange County Business Journal’s List of Fastest-Growing Midsize Public Companies

Rhea-AI Summary

Lantronix (NASDAQ: LTRX) has achieved the 8th position on the Orange County Business Journal's list of Fastest-Growing Midsize Public Companies. The ranking reflects the company's impressive 22% revenue growth from 2022 to 2024, with revenues reaching $160.3 million for the 12 months ended December 30, 2024.

Under the leadership of CEO and President Saleel Awsare, Lantronix continues to strengthen its position as a global leader in compute and connectivity for IoT solutions enabling Edge AI Intelligence. The company has recently expanded its leadership team with seasoned industry professionals to drive strategic growth in 2025 and beyond.

Lantronix's achievements are further validated by multiple industry recognitions, including:

• 2025 IoT Breakthrough Awards IoT CEO of the Year Award
• 2025 CRN® Internet of Things (IoT) 50 list
• 2024 IoT Evolution Asset Tracking Award
• 2024 IoT Evolution Business Impact Award
• 2024 IoT Evolution Product of the Year Award

IRVINE, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced it has been named the 8^th Fastest-Growing Midsize Public Company in Orange County, Calif., by the Orange County Business Journal. Rankings are based on each company’s two-year revenue growth from 2022 to 2024. Lantronix grew 22 percent during this period, reporting revenues of $160.3 million for the 12 months ended Dec. 30, 2024.

“We are honored to be ranked 8^th on the OCBJ’s annual ranking of the Fastest-Growing Midsize Public Companies,” said Saleel Awsare, chief executive officer and president at Lantronix. “This validation is a credit to the support of our dedicated team as well as our exceptional technology and channel partners that have enabled us to bring exceptional, breakthrough solutions to market, driving forward our presence in AI, Edge Computing, Industry 4.0, IIoT and Out-of-Band Management.”

To fuel its strategic growth in 2025 and beyond, Lantronix’s has recently hired seasoned industry leaders to expand and scale its presence as a global leader in compute and connectivity. For details, visit the Lantronix press releases webpage.

Lantronix is the winner of many corporate and industry awards, including the 2025 IoT Breakthrough Awards IoT CEO of the Year Award for its CEO, Saleel Awsare. Lantronix also ranked on the prestigious 2025 CRN® Internet of Things (IoT) 50 list and won industry awards including the 2024 IoT Evolution Asset Tracking Award, the 2024 IoT Evolution Business Impact Award and the 2024 IoT Evolution Product of the Year Award.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

Lantronix Media Contact:        
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com

Lantronix Analyst and Investor Contact:        
investors@lantronix.com

©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

FAQ

What was Lantronix (LTRX) revenue growth rate between 2022 and 2024?

Lantronix achieved a 22% revenue growth rate between 2022 and 2024, reporting revenues of $160.3 million for the 12 months ended December 30, 2024.

What ranking did Lantronix (LTRX) achieve in the Orange County Business Journal's list?

Lantronix ranked 8th on the Orange County Business Journal's list of Fastest-Growing Midsize Public Companies.

What recent awards has Lantronix (LTRX) received in 2024-2025?

Lantronix received the 2025 IoT Breakthrough Awards IoT CEO of the Year Award, placement on the 2025 CRN IoT 50 list, and three 2024 IoT Evolution awards for Asset Tracking, Business Impact, and Product of the Year.

What strategic changes has Lantronix (LTRX) implemented for 2025 growth?

Lantronix has hired seasoned industry leaders to expand and scale its presence as a global leader in compute and connectivity for IoT solutions.

What is Lantronix's (LTRX) current revenue as of December 2024?

Lantronix reported revenues of $160.3 million for the 12 months ended December 30, 2024.