Lantronix Reports Results for Second Quarter of Fiscal 2025
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) ha riportato i risultati del secondo trimestre dell'anno fiscale 2025 con un fatturato netto di $31,2 milioni, raggiungendo il punto medio delle previsioni. L'azienda ha registrato un EPS GAAP di ($0,06), un miglioramento rispetto a ($0,07) sia rispetto all'anno precedente che al trimestre precedente. L'EPS non-GAAP è stato di $0,04, in calo rispetto a $0,08 rispetto all'anno precedente e $0,06 rispetto al trimestre.
L'azienda si concentra su tre mercati verticali principali: Imprese, Città Intelligenti, compresa l'infrastruttura critica, e Trasporti. Lantronix sta attivamente sviluppando soluzioni di Edge AI e integrando le recenti acquisizioni di asset IoT da Netcomm.
Per il terzo trimestre dell'anno fiscale 2025, Lantronix ha fornito una previsione di $27,0 milioni a $31,0 milioni in fatturato e un EPS non-GAAP tra $0,01 e $0,05 per azione.
Lantronix (NASDAQ: LTRX) reportó sus resultados del segundo trimestre del año fiscal 2025 con ingresos netos de $31.2 millones, cumpliendo con el punto medio de la guía. La compañía registró una EPS GAAP de ($0.06), mejorando desde ($0.07) tanto en el año anterior como en el trimestre anterior. La EPS no-GAAP fue de $0.04, una disminución con respecto a $0.08 año tras año y $0.06 secuencialmente.
La empresa se está enfocando en tres mercados verticales clave: Empresas, Ciudades Inteligentes, incluyendo infraestructura crítica, y Transporte. Lantronix está avanzando activamente en soluciones de Edge AI e integrando los activos de IoT adquiridos recientemente de Netcomm.
Para el tercer trimestre del año fiscal 2025, Lantronix proporcionó una guía de $27.0 millones a $31.0 millones en ingresos y una EPS no-GAAP entre $0.01 y $0.05 por acción.
Lantronix (NASDAQ: LTRX)는 2025 회계연도 2분기 실적을 발표하며 순매출 $31.2 백만을 기록하여 가이던스의 중간값을 충족했습니다. 이 회사는 GAAP EPS를 ($0.06)로 보고했으며, 이는 전년 및 전 분기에서 ($0.07)에서 개선된 수치입니다. 비-GAAP EPS는 $0.04로, 전년 대비 $0.08, 전 분기 대비 $0.06 하락했습니다.
회사는 세 가지 주요 수직 시장에 주력하고 있습니다: 기업, 스마트 시티(중요 인프라 포함), 및 교통. Lantronix는 Edge AI 솔루션을 적극적으로 발전시키고 있으며, 최근 Netcomm에서 인수한 IoT 자산을 통합하고 있습니다.
2025 회계연도 3분기에 대해 Lantronix는 $27.0 백만에서 $31.0 백만의 수익과 주당 비-GAAP EPS가 $0.01에서 $0.05 사이가 될 것이라고 안내했습니다.
Lantronix (NASDAQ: LTRX) a publié ses résultats du deuxième trimestre de l'exercice fiscal 2025 avec un chiffre d'affaires net de $31,2 millions, atteignant le point médian des prévisions. La société a affiché un BPA GAAP de ($0,06), une amélioration par rapport à ($0,07) l'année précédente et au trimestre précédent. Le BPA non-GAAP s'est élevé à $0,04, en baisse par rapport à $0,08 d'une année à l'autre et $0,06 d'un trimestre à l'autre.
La société se concentre sur trois marchés verticaux clés : Entreprises, Villes Intelligentes, y compris les infrastructures critiques, et Transport. Lantronix fait progresser activement des solutions d'Edge AI et intègre les actifs IoT récemment acquis de Netcomm.
Pour le troisième trimestre de l'exercice fiscal 2025, Lantronix a fourni une prévision de $27,0 millions à $31,0 millions de revenus et un BPA non-GAAP entre $0,01 et $0,05 par action.
Lantronix (NASDAQ: LTRX) hat die Ergebnisse für das zweite Quartal des Geschäftsjahres 2025 mit einem Nettoumsatz von $31,2 Millionen bekannt gegeben, was dem Mittelwert der Prognose entspricht. Das Unternehmen verzeichnete einen GAAP EPS von ($0,06), eine Verbesserung gegenüber ($0,07) im Vorjahr und im Vorquartal. Der Non-GAAP EPS lag bei $0,04, ein Rückgang von $0,08 im Jahresvergleich und $0,06 im Quartalsvergleich.
Das Unternehmen konzentriert sich auf drei wichtige vertikale Märkte: Unternehmen, intelligente Städte einschließlich kritischer Infrastruktur und Transport. Lantronix entwickelt aktiv Edge AI-Lösungen und integriert die kürzlich von Netcomm erworbenen IoT-Assets.
Für das dritte Quartal des Geschäftsjahres 2025 gab Lantronix eine Prognose von $27,0 Millionen bis $31,0 Millionen Umsatz und einen Non-GAAP EPS von $0,01 bis $0,05 pro Aktie aus.
- Sequential improvement in GAAP EPS from ($0.07) to ($0.06)
- Revenue met guidance expectations at $31.2 million
- Strategic expansion through Netcomm IoT assets acquisition
- Non-GAAP EPS declined 50% YoY from $0.08 to $0.04
- Q3 guidance indicates potential revenue decline with lower range at $27.0 million
- Projected Q3 non-GAAP EPS guidance shows potential decrease to $0.01-$0.05
Insights
Lantronix's Q2 FY2025 performance reveals a complex narrative in the IoT and Edge AI space. The $31.2 million revenue achievement, while meeting guidance, signals market challenges when viewed alongside the 50% decline in non-GAAP EPS year-over-year from
The Q3 guidance range of
The Netcomm IoT assets acquisition represents a strategic move to enhance the company's competitive position. This integration could strengthen Lantronix's Edge Intelligence capabilities, particularly important as the industry shifts toward AI-enabled edge computing. The focus on critical infrastructure within Smart Cities is especially noteworthy, as this segment typically offers higher margins and more stable, long-term contracts.
While near-term margins face pressure, as evidenced by the EPS decline, the company's positioning in Edge AI solutions could drive future value creation. The market for Edge AI is projected to grow significantly and Lantronix's dual strength in compute and connectivity provides a solid foundation for capturing this growth. However, investors should monitor execution in the Netcomm integration and the pace of Edge AI solution deployment as key indicators of future performance.
- Second Quarter Net Revenue of
$31.2 Million - Second Quarter GAAP EPS of (
$0.06) - Second Quarter Non-GAAP EPS of
$0.04
IRVINE, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for the Internet of Things (IoT) solutions enabling Artificial Intelligence (AI) Edge Intelligence, today reported results for its second quarter of fiscal 2025.
Net revenue totaled
GAAP EPS of (
Non-GAAP EPS of
“Lantronix has the key assets in Compute and Connect to drive Edge Intelligence, and the company remains focused on three key vertical markets: Enterprise; Smart Cities including critical infrastructure; and Transportation,” said Lantronix President and CEO Saleel Awsare. “We are actively advancing Edge AI solutions, integrating the recently acquired IoT assets from Netcomm, and positioning Lantronix for exciting future growth.”
Business Outlook
For the third fiscal quarter of 2025, the company expects revenue in a range of
Conference Call and Webcast
Management will host an investor conference call and audio webcast on Thursday, Feb. 6, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its results for the second quarter of fiscal 2025 that ended Dec. 31, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix Q2 FY 2025 call. The webcast will be available simultaneously via the investor relations section of the company’s website.
Investors can access a replay of the conference call starting at approximately 7:00 p.m. Pacific Time on Feb. 6, 2025, at the Lantronix website. A telephonic replay will also be available through Feb. 13, 2025, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) or Canada toll-free at 1-855-669-9658 and entering passcode 3433776.
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.
Discussion of Non-GAAP Financial Measures
Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company’s financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
Non-GAAP net income consists of net loss excluding (i) share-based compensation and the employer portion of withholding taxes on stock grants, (ii) depreciation and amortization, (iii) interest income (expense), (iv) other income (expense), (v) income tax provision (benefit), (vi) restructuring, severance and related charges, (vii) acquisition related costs, (viii) impairment of long-lived assets, (ix) amortization of purchased intangibles, (x) amortization of manufacturing profit in acquired inventory, (xi) fair value remeasurement of earnout consideration, and (xii) loss on extinguishment of debt.
Non-GAAP EPS is calculated by dividing non-GAAP net loss by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP EPS, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which for GAAP purposes is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.
Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix’s ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.
Forward-Looking Statements
This news release contains forward-looking statements, including statements concerning our revenue and earnings expectations for the third fiscal quarter of 2025, the market opportunities offered by the current shift towards edge computing and our positioning to capitalize on this trend, and our expectations regarding the benefits of our acquisition of Netcomm Wireless Pty Ltd. and our cost reduction initiatives. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Other factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: 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 a pandemic or similar outbreak, wars and recent conflicts in Europe, Asia and the Middle East, hostilities in the Red Sea, or other causes; our ability to successfully convert our backlog and current demand; the impact of a pandemic or similar outbreak on our business, employees, customers, supply and distribution chains and the global economy; our ability to successfully implement our acquisition strategy or integrate acquired companies; uncertainty as to the future profitability of acquired businesses, and delays in the realization of, or the failure to realize, any accretion from acquisition transactions; acquiring, managing and integrating new operations, businesses or assets, and the associated diversion of management attention or other related costs or difficulties; our ability to continue to generate revenue from products sold into mature markets; our ability to develop, market, and sell new products; our ability to succeed with our new software offerings; our use of AI may result in reputational, competitive or financial harm and liability; fluctuations in our revenue due to the project-based timing of orders from certain customers; unpredictable timing of our revenues due to the lengthy sales cycle for our products and services and potential delays in customer completion of projects; our ability to accurately forecast future demand for our products; delays in qualifying revisions of existing products; constraints or delays in the supply of, or quality control issues with, certain materials or components; difficulties associated with the delivery, quality or cost of our products from our contract manufacturers or suppliers; risks related to the outsourcing of manufacturing and international operations; difficulties associated with our distributors or resellers; intense competition in our industry and resultant downward price pressure; rises in inventory levels and inventory obsolescence; undetected software or hardware errors or defects in our products; cybersecurity risks; our ability to obtain appropriate industry certifications or approvals from governmental regulatory bodies; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to protect patents and other proprietary rights and avoid infringement of others’ proprietary technology rights; issues relating to the stability of our financial and banking institutions and relationships; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; the impact of rising interest rates; our ability to attract and retain qualified management; and any additional factors included in our 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; in our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, to be filed with the SEC on Feb. 7, 2025, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; and in our other public filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of 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.
© 2025 Lantronix Inc. All rights reserved. Lantronix is a registered trademark.
Lantronix Investor Relations Contact:
investors@lantronix.com
| LANTRONIX, INC. | |||||||
| UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (In thousands) | |||||||
| December 31, | June 30, | ||||||
| 2024 | 2024 | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 19,210 | $ | 26,237 | |||
| Accounts receivable, net | 30,472 | 31,279 | |||||
| Inventories, net | 29,070 | 27,698 | |||||
| Contract manufacturers' receivables | 3,473 | 1,401 | |||||
| Prepaid expenses and other current assets | 3,329 | 2,335 | |||||
| Total current assets | 85,554 | 88,950 | |||||
| Property and equipment, net | 3,155 | 4,016 | |||||
| Goodwill | 30,491 | 27,824 | |||||
| Intangible assets, net | 4,910 | 5,251 | |||||
| Lease right-of-use assets | 9,430 | 9,567 | |||||
| Other assets | 683 | 600 | |||||
| Total assets | $ | 134,223 | $ | 136,208 | |||
| Liabilities and stockholders' equity | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 15,975 | $ | 10,347 | |||
| Accrued payroll and related expenses | 2,968 | 5,836 | |||||
| Current portion of long-term debt, net | 3,056 | 3,002 | |||||
| Other current liabilities | 11,436 | 10,971 | |||||
| Total current liabilities | 33,435 | 30,156 | |||||
| Long-term debt, net | 11,630 | 13,219 | |||||
| Other non-current liabilities | 11,245 | 11,478 | |||||
| Total liabilities | 56,310 | 54,853 | |||||
| Commitments and contingencies | |||||||
| Stockholders' equity: | |||||||
| Common stock | 4 | 4 | |||||
| Additional paid-in capital | 305,433 | 304,001 | |||||
| Accumulated deficit | (227,895 | ) | (223,021 | ) | |||
| Accumulated other comprehensive income | 371 | 371 | |||||
| Total stockholders' equity | 77,913 | 81,355 | |||||
| Total liabilities and stockholders' equity | $ | 134,223 | $ | 136,208 | |||
| LANTRONIX, INC. | |||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | ||||||||||||||||
| 2024 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||
| Net revenue | $ | 31,161 | $ | 34,423 | $ | 37,038 | $ | 65,584 | $ | 70,069 | |||||||||
| Cost of revenue | 17,877 | 19,948 | 22,007 | 37,825 | 40,941 | ||||||||||||||
| Gross profit | 13,284 | 14,475 | 15,031 | 27,759 | 29,128 | ||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Selling, general and administrative | 8,811 | 9,467 | 10,224 | 18,278 | 19,394 | ||||||||||||||
| Research and development | 4,984 | 4,956 | 4,725 | 9,940 | 9,831 | ||||||||||||||
| Restructuring, severance and related charges | 193 | 900 | 530 | 1,093 | 550 | ||||||||||||||
| Acquisition-related costs | 208 | 29 | - | 237 | - | ||||||||||||||
| Fair value remeasurement of earnout consideration | - | - | - | - | (9 | ) | |||||||||||||
| Amortization of intangible assets | 1,248 | 1,251 | 1,310 | 2,499 | 2,694 | ||||||||||||||
| Total operating expenses | 15,444 | 16,603 | 16,789 | 32,047 | 32,460 | ||||||||||||||
| Loss from operations | (2,160 | ) | (2,128 | ) | (1,758 | ) | (4,288 | ) | (3,332 | ) | |||||||||
| Interest expense, net | (126 | ) | (119 | ) | (232 | ) | (245 | ) | (570 | ) | |||||||||
| Other income (loss), net | 8 | (37 | ) | (23 | ) | (29 | ) | (4 | ) | ||||||||||
| Loss before income taxes | (2,278 | ) | (2,284 | ) | (2,013 | ) | (4,562 | ) | (3,906 | ) | |||||||||
| Provision for income taxes | 94 | 218 | 580 | 312 | 573 | ||||||||||||||
| Net loss | $ | (2,372 | ) | $ | (2,502 | ) | $ | (2,593 | ) | $ | (4,874 | ) | $ | (4,479 | ) | ||||
| Net loss per share - basic and diluted | $ | (0.06 | ) | $ | (0.07 | ) | $ | (0.07 | ) | $ | (0.13 | ) | $ | (0.12 | ) | ||||
| Weighted-average common shares - basic and diluted | 38,631 | 38,024 | 37,354 | 38,330 | 37,170 | ||||||||||||||
| LANTRONIX, INC. | |||||||||||||||||||
| UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS | |||||||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | ||||||||||||||||
| 2024 | 2024 | 2023 | 2024 | 2023 | |||||||||||||||
| GAAP net loss | $ | (2,372 | ) | $ | (2,502 | ) | $ | (2,593 | ) | $ | (4,874 | ) | $ | (4,479 | ) | ||||
| Non-GAAP adjustments: | |||||||||||||||||||
| Cost of revenue: | |||||||||||||||||||
| Share-based compensation | 48 | 64 | 64 | 112 | 105 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | 2 | 5 | 1 | 7 | 5 | ||||||||||||||
| Amortization of manufacturing profit in acquired inventory | - | - | 189 | - | 506 | ||||||||||||||
| Depreciation and amortization | 114 | 123 | 109 | 237 | 195 | ||||||||||||||
| Total adjustments to cost of revenue | 164 | 192 | 363 | 356 | 811 | ||||||||||||||
| Selling, general and administrative: | |||||||||||||||||||
| Share-based compensation | 1,044 | 1,126 | 1,628 | 2,170 | 2,901 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | 20 | 78 | 10 | 98 | 47 | ||||||||||||||
| Depreciation and amortization | 348 | 351 | 338 | 699 | 672 | ||||||||||||||
| Total adjustments to selling, general and administrative | 1,412 | 1,555 | 1,976 | 2,967 | 3,620 | ||||||||||||||
| Research and development: | |||||||||||||||||||
| Share-based compensation | 421 | 410 | 484 | 831 | 912 | ||||||||||||||
| Employer portion of withholding taxes on stock grants | 2 | 19 | 5 | 21 | 18 | ||||||||||||||
| Depreciation and amortization | 111 | 69 | 52 | 180 | 160 | ||||||||||||||
| Total adjustments to research and development | 534 | 498 | 541 | 1,032 | 1,090 | ||||||||||||||
| Restructuring, severance and related charges | 193 | 900 | 530 | 1,093 | 550 | ||||||||||||||
| Acquisition related costs | 208 | 29 | - | 237 | - | ||||||||||||||
| Fair value remeasurement of earnout consideration | - | - | - | - | (9 | ) | |||||||||||||
| Amortization of purchased intangible assets | 1,248 | 1,251 | 1,310 | 2,499 | 2,694 | ||||||||||||||
| Litigation settlement cost | 158 | 40 | - | 198 | - | ||||||||||||||
| Total non-GAAP adjustments to operating expenses | 3,753 | 4,273 | 4,357 | 8,026 | 7,945 | ||||||||||||||
| Interest expense, net | 126 | 119 | 232 | 245 | 570 | ||||||||||||||
| Other (income) expense, net | (8 | ) | 37 | 23 | 29 | 4 | |||||||||||||
| Provision for income taxes | 94 | 218 | 580 | 312 | 573 | ||||||||||||||
| Total non-GAAP adjustments | 4,129 | 4,839 | 5,555 | 8,968 | 9,903 | ||||||||||||||
| Non-GAAP net income | $ | 1,757 | $ | 2,337 | $ | 2,962 | $ | 4,094 | $ | 5,424 | |||||||||
| Non-GAAP net income per share - diluted | $ | 0.04 | $ | 0.06 | $ | 0.08 | $ | 0.10 | $ | 0.14 | |||||||||
| Denominator for GAAP net income (loss) per share - diluted | 38,631 | 38,024 | 37,354 | 38,330 | 37,170 | ||||||||||||||
| Non-GAAP adjustment | 953 | 1,257 | 1,228 | 901 | 938 | ||||||||||||||
| Denominator for non-GAAP net income per share - diluted | 39,584 | 39,281 | 38,582 | 39,231 | 38,108 | ||||||||||||||
| GAAP cost of revenue | $ | 17,877 | $ | 19,948 | $ | 22,007 | $ | 37,825 | $ | 40,941 | |||||||||
| Non-GAAP adjustments to cost of revenue | (164 | ) | (192 | ) | (363 | ) | (356 | ) | (811 | ) | |||||||||
| Non-GAAP cost of revenue | 17,713 | 19,756 | 21,644 | 37,469 | 40,130 | ||||||||||||||
| Non-GAAP gross profit | $ | 13,448 | $ | 14,667 | $ | 15,394 | $ | 28,115 | $ | 29,939 | |||||||||
| Non-GAAP gross margin | 43.2 | % | 42.6 | % | 41.6 | % | 42.9 | % | 42.7 | % | |||||||||
| LANTRONIX, INC. | |||||||||||||||||||
| UNAUDITED NET REVENUES BY PRODUCT LINE AND REGION | |||||||||||||||||||
| (In thousands) | |||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| December 31, 2024 | September 30, 2024 | December 31, 2023 | December 31, 2024 | December 31, 2023 | |||||||||||||||
| Embedded IoT Solutions | $ | 10,784 | $ | 13,387 | $ | 11,764 | $ | 24,171 | $ | 23,137 | |||||||||
| IoT System Solutions | 18,592 | 18,759 | 23,022 | 37,351 | 42,058 | ||||||||||||||
| Software & Services | 1,785 | 2,277 | 2,252 | 4,062 | 4,874 | ||||||||||||||
| $ | 31,161 | $ | 34,423 | $ | 37,038 | $ | 65,584 | $ | 70,069 | ||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||
| December 31, 2024 | September 30, 2024 | December 31, 2023 | December 31, 2024 | December 31, 2023 | |||||||||||||||
| Americas | $ | 16,386 | $ | 17,420 | $ | 20,601 | $ | 33,806 | $ | 43,534 | |||||||||
| EMEA | 9,036 | 10,484 | 12,886 | 19,520 | 19,477 | ||||||||||||||
| Asia Pacific Japan | 5,739 | 6,519 | 3,551 | 12,258 | 7,058 | ||||||||||||||
| $ | 31,161 | $ | 34,423 | $ | 37,038 | $ | 65,584 | $ | 70,069 | ||||||||||
FAQ
What was Lantronix (LTRX) revenue in Q2 fiscal 2025?
How did LTRX Q2 2025 earnings compare to previous periods?
What is Lantronix's (LTRX) revenue guidance for Q3 2025?
What are the key vertical markets LTRX is focusing on in 2025?
