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) announced the launch of its EDS3000 family of serial-to-Ethernet device servers, enhancing its IoT offerings for industrial and medical applications. The series includes the EDS3000PR and EDS3000PS, designed for efficient remote device management. Key features include a centralized device management platform, a comprehensive security framework, and easy configuration options. This launch reflects Lantronix's commitment to advancing industrial automation and providing secure solutions amidst growing demand for connected technologies.
Lantronix, Inc. (NASDAQ: LTRX) reported a 25% increase in net revenue for Q2 FY 2021, totaling $16.6 million, compared to the prior year. GAAP EPS improved to (0.05), an improvement from (0.06) a year ago, while non-GAAP EPS remained at $0.03. Despite some revenue impact from component delays, demand strengthened, resulting in a record backlog entering Q3. For the full fiscal year 2021, Lantronix projects a revenue growth of 15-25% and non-GAAP EPS growth of 75-125%. A conference call to discuss the results was held on February 11, 2021.
Lantronix Inc. (NASDAQ: LTRX) has appointed SAPPLY as its new distributor for Australasia, enhancing its market reach in the IoT and Out-of-Band Management sectors. SAPPLY will provide Lantronix's complete portfolio of software, hardware, and services, including IoT gateways, modems, and SaaS solutions. This partnership aims to support Lantronix's growing customer base in the Australasia region, leveraging SAPPLY's expertise in data center networking and IoT connectivity.
Lantronix, Inc. (NASDAQ: LTRX) announced the release date for its fiscal 2021 second quarter financial results, set for February 11, 2021, post-market. The company will host an investor conference call at 2:00 PM PT (5:00 PM ET) on the same day. Results will cover the quarter ended December 31, 2020, highlighting the company's position as a global provider of SaaS, engineering services, and hardware for Edge Computing and IoT. This call presents an opportunity for current and potential investors to gain insights into Lantronix's financial health and future outlook.
Lantronix Inc. (NASDAQ: LTRX) announced participation in the 23rd Annual Needham Virtual Growth Conference on January 11, 2021, at 11 a.m. PT. CEO Paul Pickle and CFO Jeremy Whitaker will engage in the event, alongside virtual one-on-one meetings. As a leading provider of Software as a Service (SaaS) and engineering solutions for the IoT and Remote Environment Management, Lantronix offers a comprehensive portfolio addressing various IoT layers. Their solutions aim to enhance operational efficiency and security across numerous industries.
Lantronix Inc. (LTRX) has announced its ConsoleFlow™ management software platform and SGX 5150 IoT Device Gateway, enhancing medical device connectivity for hospitals. The solution increases operational efficiency and reduces costs through secure communication. The SGX 5150 provides reliable connectivity, addressing Wi-Fi gaps and ensuring patient data privacy. Key benefits include zero-touch remote updates, reduced on-site visits, and improved troubleshooting capabilities. Lantronix aims to solve hospitals' connectivity challenges while enhancing patient care and operational efficiency.
Lantronix Inc. (NASDAQ: LTRX) has collaborated with Flock Safety to develop a cost-effective automated license plate recognition (ALPR) system. This system utilizes 24-hour wireless cameras to collect license plate data, aiding law enforcement in crime-solving across over 700 cities in 38 states, resulting in crime reductions of up to 60%. The partnership leveraged Lantronix’s Open-Q 624A System on Module (SoM), enabling rapid market entry with an affordable solution designed to enhance community safety and support Smart Cities initiatives.
Lantronix reported a remarkable 31.4% revenue growth over two years, recognized as the fifth fastest-growing small public company by the Orange County Business Journal. This growth stems from advancements in IoT, artificial intelligence, robotics, and communications. The company’s targeted acquisition strategy, including IoT pioneer Intrinsyc Technologies and FALCOM Holdings, fueled this trajectory. Notably, Lantronix supported two products recognized in TIME’s Best Inventions of 2020, showcasing its role in accelerating innovation.
Lantronix Inc. (NASDAQ: LTRX) has partnered with Youbiquo, an Italian developer, to enhance the development of Talens Holo augmented reality smart glasses. Utilizing Lantronix's Open-Q 626 µSOM technology, Youbiquo rapidly created a certified product aimed at improving maintenance operations through IoT integration. The smart glasses allow technicians to access critical data hands-free, boosting work efficiency. Key benefits include reduced development costs and faster market entry.
Lantronix, Inc. (NASDAQ: LTRX) reported its first quarter fiscal 2021 results, showing net revenue of $17.1 million, reflecting a 35% year-over-year increase but down 1% sequentially. GAAP gross margin improved significantly by 1,040 basis points to 48.1%, while GAAP EPS improved to (0.01) per share from (0.06). Non-GAAP EPS was $0.05, driven by strong gross margins and expense controls. The company reiterated its revenue growth target of 20%-25% for fiscal 2021, alongside non-GAAP EPS growth of 120%-160%.
