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 leader in secure IoT and IT asset management solutions, specializing in connectivity platforms for industries ranging from healthcare to industrial automation. This page serves as the definitive source for verified company news, offering investors and professionals timely updates on operational milestones.
Access official press releases spanning product innovations, financial results, and strategic partnerships. Our curated collection ensures you stay informed about developments in IoT System Solutions, Edge AI applications, and cybersecurity advancements without promotional bias.
Key content categories include quarterly earnings announcements, technology patent filings, executive leadership updates, and enterprise customer deployments. Each entry provides direct access to primary source materials for due diligence and market analysis.
Bookmark this page for streamlined tracking of Lantronix's progress in enabling secure machine-to-machine communication across smart infrastructure projects worldwide. Check regularly for updates that impact IoT connectivity standards and industrial automation trends.
Lantronix, Inc. (NASDAQ: LTRX) reported second quarter net revenue of $17.1 million, a 4% increase year-over-year and a 3% sequential rise. GAAP gross margins improved to 45.1%, up 290 basis points sequentially, due to a better product mix. GAAP EPS improved to (0.04), up from (0.19) last year, while non-GAAP EPS rose 150% year-over-year to $0.05. A record backlog was established entering Q4, and the company forecasts 15-25% revenue growth and 100-175% non-GAAP EPS growth for fiscal 2021.
Lantronix (NASDAQ: LTRX) has entered into a definitive agreement to acquire Transition Networks and Net2Edge from Communications Systems Inc. for a base price of $25 million, with potential earn-out payments of up to $7 million. This acquisition is expected to enhance Lantronix's annual revenue to over $100 million and will provide complementary IoT products, including switching and media conversion technologies. The company anticipates $7 million in annualized expense synergies within 24 months and expects immediate earnings accretion upon closing.
Lantronix Inc. (NASDAQ: LTRX) announced that its xDirect Server supports Medical Informatics Corp.’s (MIC) Sickbay solution, a FDA-cleared virtual care platform. The xDirect Server enables secure, remote monitoring of non-networked medical devices, allowing for flexible virtual ICUs and data-driven patient care. Sickbay enhances clinical decision-making by transforming bedside data into actionable insights, significantly improving healthcare delivery. Key features include real-time monitoring, scalability for hospitals, and extensive patient data integration, addressing challenges posed by traditional monitoring methods.
On April 19, 2021, Lantronix (NASDAQ: LTRX) announced the release of its fiscal 2021 third quarter financial results, scheduled for April 29, 2021, after market close. An investor conference call will be held on the same day at 2:00 PM PT, accessible via phone and webcast. Lantronix specializes in Software as a Service (SaaS), connectivity services, and IoT solutions, simplifying the deployment and management of IoT projects for various industries. The company's products serve sectors such as energy, agriculture, and security, highlighting its diverse market engagement.
Lantronix (NASDAQ: LTRX) announced its Engineering Services team supported eSight Corp. in developing a cutting-edge device for individuals with visual impairments. eSight was awarded 'Best Wearable/Healthcare Hardware/Software Consumer Technology of 2021' at the Tech Ascension Awards. The collaboration enabled the creation of a device that enhances vision for users, potentially improving visual acuity from 20/60 to 20/20. The project involved integrating high-definition cameras and screens, ensuring affordability, and enhancing user experience through advanced technology.
Lantronix Inc. (NASDAQ: LTRX), a leader in IoT services, is driving advancements in Smart Cities, banking security, and retail technologies. The company highlights a report predicting the Global Industrial IoT Market to grow by $421.28 billion from 2021 to 2025 at a CAGR of 33%. Lantronix's solutions, such as the Open-Q 624A SOM for automated license plate readers, and the E210 Series Routers for bank ATMs, demonstrate significant contributions to safety and efficiency. The rollout of these applications aims to enhance community safety and streamline retail processes, showcasing Lantronix's pivotal role in the commercial IoT landscape.
Lantronix Inc. (NASDAQ: LTRX) will showcase its latest embedded solutions and IoT technologies at Convergence India 2021 from March 24-26, 2021, at Pragati Maidan, New Delhi. Featured products include embedded solutions, edge computing devices, and tracking devices, designed to enhance connectivity and efficiency in smart applications. Highlighted technologies include the dual-band xPico 270 wireless module and the BOLERO40 Series trackers for vehicle monitoring. The event will position Lantronix as a leader in connectivity and smart IoT solutions.
Lantronix Inc. (NASDAQ: LTRX) has launched the EMG7500, a secure edge management gateway designed for remote and unmanned sites. Integrated with the ConsoleFlow management platform, this cost-effective solution enhances business continuity for operations in various locations like branch offices and ATMs. Key features include automatic fail-over mechanisms, network performance monitoring, and mobile access. The EMG7500 strengthens Lantronix's Remote Environment Management solutions, expanding its capabilities within the EMG product family.
Lantronix Inc. (NASDAQ: LTRX) has announced the launch of its Mobile Hardware Development Kit (HDK) powered by the Qualcomm® Snapdragon™ 888 5G Mobile Platform. This innovative kit enhances the development and testing of Android mobile applications across various domains like AI, gaming, and photography. Notable features include 12GB RAM, 256GB UFS storage, and extensive I/O options. The HDK aims to facilitate OEMs and developers with platform evaluation and proof-of-concept testing. Orders for the HDK and its components are currently available through the Lantronix eStore.
