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. 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) announced preliminary revenue estimates for Q4 FY2022, projecting record revenues exceeding $35 million due to strong demand for intelligent edge compute products. This announcement precedes their participation in the CG 42nd Annual Growth Conference on August 11, 2022. While the revenue outlook appears positive, the results are preliminary and subject to change following the completion of closing procedures. Investors are cautioned about risks associated with forward-looking statements regarding future business conditions.
Lantronix Inc. (NASDAQ: LTRX) will exhibit its Open-Q 5165RB SOM at Embedded World 2022, showcasing AI-at-the-edge applications. Based on Qualcomm® QRB5165 SoC, this ultra-compact module designed for low-power embedded situations integrates advanced AI Engine and hardware video analytics. The demo includes real-time facial recognition and detection, aimed at accelerating product development. CEO Paul Pickle highlights their collaboration with Qualcomm to enhance IoT solutions.
Lantronix Inc. (NASDAQ: LTRX) announced its participation in Cisco Live from June 12-16, 2022, showcasing its Out-of-Band Management (OOBM) solutions designed for data centers and remote sites. These solutions enhance business continuity and operational efficiency, featuring the ConsoleFlow™ cloud platform and various advanced gateways. CEO Paul Pickle emphasized their role in maximizing uptime for global customers. Their offerings also include secure connectivity services across 600 networks worldwide, aimed at simplifying IoT and IT management.
Lantronix Inc. (NASDAQ: LTRX) announced successful utilization of its Open-Q Micro SOM and engineering services by EchoNous for developing Kosmos, the first AI-assisted handheld ultrasound device.
Niko Pagoulatos, EchoNous CTO, praised the performance of the Open-Q μSOM and noted that Lantronix's engineering support significantly reduced costs and development time. The Kosmos device enhances diagnostic capabilities for clinicians in various assessments and incorporates AI-driven deep learning technology for improved healthcare solutions.
Lantronix (NASDAQ: LTRX) will showcase its Open-Q SOMs and µSoMs at Hannover Messe, demonstrating the Youbiquo Leonardo Smart Glasses from May 30 to June 2, 2022. This collaboration with Qualcomm highlights advancements in industrial IoT solutions. The showcased technology aims to enhance operational efficiency and safety in industrial settings. Key features include rapid prototyping, cost reduction, and customization for various user types, with a focus on supporting developers in bringing innovative IoT solutions to market.
Lantronix Inc. (NASDAQ: LTRX) reported third-quarter fiscal 2022 net revenue of $32.3 million, up 89% year-over-year but down 4% sequentially. The GAAP EPS was (0.09), compared to (0.04) in the prior year, while non-GAAP EPS improved to $0.08 from $0.05. The company raised its full-year revenue guidance to $125 million to $129 million, indicating about 75% to 80% year-over-year growth. Despite ongoing supply chain challenges, Lantronix anticipates continued growth in Q4.
Lantronix (LTRX) announced its fiscal 2022 third quarter earnings release on May 4, 2022, following the market's closure. The investor conference call is scheduled for the same day at 2:00 p.m. PT. The Company specializes in secure solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering a variety of services including Software as a Service (SaaS) and intelligent hardware. Investors will be able to access a replay of the conference call through various channels starting at 7:00 p.m. PT on the same day.
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Lantronix Inc. (NASDAQ: LTRX) announced that Anita Kumar, VP of Business Operations, has been recognized in the 2022 Women in Security Power 100 by the Security Industry Association (SIA). This program honors 100 women in the security industry for their contributions to diversity and leadership. Kumar has a 20-year career in security technology, previously serving as CEO of Communication Systems Inc. and GM of Transition Networks. The recognition ceremony took place at ISC West 2022 on March 25, 2022.
Lantronix has announced that its xPico 200 Series gateways have received WPA3 Certification from the Wi-Fi Alliance for both WPA3-Enterprise and WPA3-Personal. This certification enhances Wi-Fi security, offers robust authentication, and provides increased cryptographic strength for sensitive data. The xPico gateways facilitate seamless Ethernet, Wi-Fi, and Bluetooth® connectivity, aiding OEMs in building and deploying smart connected products while minimizing risks. The gateways are designed for industrial-grade operations and feature automatic network connection management.