Lantronix Inc. reports developments in Edge AI and Industrial IoT solutions for mission-critical applications, including intelligent computing, secure connectivity and remote management. Company news commonly covers fiscal results, investor conference participation, embedded compute expansion and product launches for autonomous systems, critical infrastructure, enterprise IT and smart-city networks.
Recurring product and market updates include Open-Q system-on-module platforms, the Drone Reference Platform, SmartSwitch.ai, SmartEdge gateways, and Power over Ethernet switches and media converters, including products from Transition Networks. Lantronix also announces collaborations involving NDAA-compliant drone components and edge-AI compute architectures for commercial and defense unmanned systems.
Lantronix Inc. (NASDAQ: LTRX) will participate in the 19th Annual Needham Technology, Media, & Consumer Investor Conference on May 14, 2024. The CFO will engage in a fireside chat and one-on-one meetings with investors. Live audio webcast and replay will be available. Contact CFO Jeremy Whitaker for meeting availability.
Lantronix Inc. reported record revenue for the third quarter of fiscal 2024, with net revenue reaching $41.2 million, up 11% sequentially and 25% year-over-year. GAAP EPS improved to ($0.01) from ($0.08) in the prior year, while Non-GAAP EPS increased to $0.11 from $0.06 in the prior year. The company provided a business outlook for the fourth quarter, expecting revenue between $46.5 million to $51.5 million and non-GAAP EPS of $0.12 to $0.18 per share.
The positive financial performance suggests growth and profitability for Lantronix, positioning the company well for the future.
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