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Lantronix Inc - LTRX STOCK NEWS

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.

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Lantronix, a leader in IoT solutions, reported a record fourth-quarter net revenue of $20.6 million, reflecting a 19% increase year-over-year. For the fiscal year, net revenue reached $71.5 million, also up 19% year-over-year. GAAP gross margins improved to 48.8%, a significant increase from 37.7% a year ago. The company reported a GAAP EPS of ($0.04), an improvement from ($0.06) in the previous year, with non-GAAP EPS rising to $0.06. Looking ahead, Lantronix anticipates revenue growth of 45-75% and non-GAAP EPS growth of 85-135% in fiscal 2022.

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Lantronix (NASDAQ: LTRX), formerly known as Transition Networks, is set to showcase its innovative Secure Remote Access Series (SRA) at the upcoming BICSI 2021 Fall Conference in Las Vegas from August 22-26, 2021. The SRA technology allows secure deployment and management of network devices, enhancing operational efficiency. This event marks a significant step in Lantronix's strategy to expand its offerings in smart city solutions. The company aims to provide comprehensive smart lighting and security solutions, furthering its commitment to connected infrastructure.

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Lantronix Inc. (NASDAQ: LTRX) has introduced the Open-Q™ 5165RB System on Module (SOM), designed for high-performance applications in robotics and AI. This ultra-compact module leverages the Qualcomm® QRB5165 processor, providing advanced AI processing capabilities and multi-core performance. With features such as 8GB RAM, 128GB Flash, and support for Wi-Fi 6, it targets development in sectors including defense and industrial robotics. The accompanying Open-Q 865 SOM Development Kit is now available to streamline product development.

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Lantronix Inc. (NASDAQ: LTRX) announced preliminary revenue expectations for its fiscal Q4 2021, projecting over $20 million, excluding revenue from the recent Transition Networks acquisition. The company is set to present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 1:35 p.m. PT. Full results will be released on August 26, 2021. These preliminary results are subject to change as closing procedures are not yet complete, emphasizing the need for cautious engagement with forward-looking statements regarding revenue and earnings.

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Lantronix, a leading provider of IoT solutions, announced participation in the 24th Annual Oppenheimer Technology, Internet & Communications Conference on Aug. 10, 2021. CEO Paul Pickle and CFO Jeremy Whitaker will represent the company at 1:35 PM PT. They will also hold virtual one-on-one meetings throughout the event. This conference is a key opportunity for Lantronix to discuss its innovative Software as a Service, connectivity services, and intelligent hardware designed for IoT and Remote Environment Management.

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Lantronix, a provider of IoT solutions, has successfully completed its acquisition of Transition Networks and Net2Edge, enhancing its capabilities in IoT connectivity. This transaction is anticipated to generate more than $100 million in annual revenues and offers synergies, including $7 million in annual run rate synergies within 24 months. The acquisition aims to increase Lantronix's market scale and improve non-GAAP earnings upon closing. Silicon Valley Bank supported the financing of this acquisition.

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Lantronix has announced enhancements to its ConsoleFlow™ platform, introducing True Zero-Touch automation for provisioning IoT devices. This upgrade simplifies the onboarding process, reducing on-site visits and operational costs for customers. The automation allows devices to connect to ConsoleFlow upon power-up, check for updates, and download firmware securely. Additionally, the platform supports real-time asset management and monitoring, promoting operational efficiency. Lantronix aims to drive customer value by facilitating easier device deployment, aligning with their vision of operational excellence.

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Lantronix Inc. (NASDAQ: LTRX) appointed Jacques Issa as the vice president of Marketing, effective July 12, 2021. With over 30 years of experience, Issa aims to support the company's strategic growth in the IoT and Remote Environment Management sectors. Previously at Virtium LLC and Microsemi, he oversaw significant revenue operations. His employment includes inducement awards of 50,458 restricted share units and 100,000 stock options, set to vest over four years. This move is part of Lantronix's ongoing transformation efforts in the tech industry.

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FAQ

What is the current stock price of Lantronix (LTRX)?

The current stock price of Lantronix (LTRX) is $3.64 as of December 20, 2024.

What is the market cap of Lantronix (LTRX)?

The market cap of Lantronix (LTRX) is approximately 139.7M.

What does Lantronix Inc. specialize in?

Lantronix Inc. specializes in providing secure data access and management solutions for the Internet of Things (IoT) and intelligent IT assets.

Which industries does Lantronix serve?

Lantronix serves a wide range of industries including healthcare, industrial, security, energy, transportation, and government sectors.

What are the key product lines of Lantronix?

Lantronix organizes its products into three main categories: IoT Solutions, IoT System Solutions, and Software & Services.

How has Lantronix performed financially in recent quarters?

In the first quarter of fiscal 2024, Lantronix reported net revenue of $33.0 million, up 4% year-over-year. It expects revenue to range between $175 million to $185 million for the fiscal year 2024.

What is the Percepxion platform?

The Percepxion platform accelerates IoT edge device deployments with features like zero-touch automated provisioning and comprehensive device lifecycle management.

How does Lantronix ensure secure data management?

Lantronix ensures secure data management through innovative technologies and solutions like encrypted access, detailed logging, and monitoring in its Out-of-Band (OOB) management solutions.

What are the latest IoT innovations by Lantronix?

Lantronix recently introduced the FOX4 and Bolero 43 Edge Compute Trackers and the Tracx browser-based fleet management hub, targeting the telematics market.

What regions contribute the most revenue for Lantronix?

The Americas contribute the vast majority of total revenue for Lantronix, followed by Europe, the Middle East, Africa, and the Asia Pacific Japan region.

What is Lantronix’s approach to financial reporting?

Lantronix focuses on non-GAAP financial measures to provide a clearer understanding of its operational trends, excluding elements like share-based compensation and restructuring charges.

What is the SNAP 8 Gen 3 Mobile Platform?

The SNAP 8 Gen 3 Mobile Platform is a cutting-edge solution delivering nearly double the AI performance of its predecessor, enabling advanced AI applications in robotics and edge AI.

Lantronix Inc

Nasdaq:LTRX

LTRX Rankings

LTRX Stock Data

139.67M
31.66M
17.72%
36.3%
0.37%
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