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.
Overview
Lantronix (NASDAQ: LTRX) is a globally recognized provider of secure data access and management solutions designed for the dynamic realm of the Internet of Things (IoT). With a legacy of over two decades in creating robust machine-to-machine (M2M) communication systems, Lantronix excels in enabling reliable and scalable connectivity across varied applications. In today’s technology landscape, keywords such as "IoT connectivity", "Edge AI", and "cybersecurity" underscore the critical technological framework on which Lantronix’s solutions are built.
Core Business and Product Offerings
At its core, Lantronix delivers advanced connectivity and compute solutions that empower companies to seamlessly deploy, manage, and secure IoT projects. The company strategically segments its portfolio into three primary product lines: Embedded IoT Solutions, IoT System Solutions, and Software and Services. Among these, the IoT System Solutions segment plays a pivotal role in the firm’s revenue model, offering high-performance, secure platforms to bridge cloud and edge computing environments.
Industry Applications and Market Segmentation
Lantronix’s innovative solutions address the needs of a wide array of industries. Its products are integrated into systems within healthcare, industrial automation, security, energy management, transportation, financial services, and government applications. Whether it is facilitating secure data centers, powering smart grid infrastructures, or enabling remote device management in mission-critical environments, Lantronix provides tailored solutions that enhance operational efficiency and reliability.
Technological Excellence and Innovation
Driven by a commitment to technological innovation, Lantronix continuously advances its product offerings by incorporating the latest in connectivity and computing technologies. Its solutions feature advanced remote management capabilities, out-of-band connectivity, and secure communication protocols that are essential for modern IoT deployments. The company leverages the convergence of hardware and software innovations, including Edge AI and cloud integration, to ensure that its solutions offer both scalability and security.
Competitive Landscape and Strategic Positioning
Operating in a highly competitive technology sector, Lantronix differentiates itself by focusing on security, ease-of-use, and customizable connectivity solutions. Rather than merely competing on scale, the company demonstrates its expertise through a conscientious approach to robust system integration and interoperability. This methodical focus allows Lantronix to serve niche market segments while maintaining broad appeal across global enterprises, smart city initiatives, and industrial applications.
Global Presence and Market Reach
Lantronix boasts a significant global footprint, serving diverse geographic markets including the Americas, Europe, the Middle East, Africa, and Asia Pacific. Its technologies are embedded in millions of devices worldwide, reinforcing its reputation as a reliable provider of secure connectivity solutions. This expansive reach, combined with consistent innovation, positions the company to adapt to rapidly evolving market demands while ensuring long-term operational stability.
Commitment to E-E-A-T Principles
In line with the principles of Expertise, Experience, Authoritativeness, and Trustworthiness, Lantronix maintains a deep understanding of the intricate dynamics of the IoT market. Its leadership team, renowned for their extensive technical and financial experience, guides the company through a landscape marked by rapid technological change and intense competition. By consistently delivering high-quality, secure products, Lantronix builds enduring trust with its customers, partners, and investors.
Summary
In summary, Lantronix is a cornerstone in the evolving ecosystem of IoT solutions. Its comprehensive suite of products—ranging from embedded systems to sophisticated cloud and edge computing platforms—enables organizations to innovate, secure, and simplify the operation of connected devices. With a focus on robust security, operational efficiency, and global scalability, Lantronix empowers a diverse clientele to harness the full potential of modern IoT infrastructures, ensuring that they remain at the cutting edge of technological transformation.
Lantronix (NASDAQ: LTRX) has appointed Steve Burrington as Vice President of Global Research and Development to oversee product development and define the company's technology direction. Burrington brings over 25 years of experience in engineering and technology leadership, specializing in LTE IoT, telematics, and video product development.
In his previous roles at Sierra Wireless and Netgear, Burrington managed global teams of over 150 engineers and directed operating budgets exceeding $35 million. His expertise includes working with chipset vendors, ODMs, and structured development environments. The appointment aligns with Lantronix's focus on Edge AI and mission to drive technological innovation and operational excellence in compute and connectivity for IoT solutions.
Lantronix (NASDAQ: LTRX) reported its second quarter fiscal 2025 results with net revenue of $31.2 million, meeting the midpoint of guidance. The company posted a GAAP EPS of ($0.06), an improvement from ($0.07) in both the prior year and quarter. Non-GAAP EPS came in at $0.04, down from $0.08 year-over-year and $0.06 sequentially.
The company is focusing on three key vertical markets: Enterprise, Smart Cities including critical infrastructure, and Transportation. Lantronix is actively advancing Edge AI solutions and integrating recently acquired IoT assets from Netcomm.
For Q3 fiscal 2025, Lantronix provided guidance of $27.0 million to $31.0 million in revenue and non-GAAP EPS between $0.01 to $0.05 per share.
Lantronix (NASDAQ: LTRX) announced that Philip Brace will depart from its Board of Directors on February 5, 2025, to assume the role of CEO at Skyworks Solutions Inc. Brace, who joined the Lantronix Board in August 2023, brought 30 years of experience in semiconductor, server, IoT, and storage industries. Prior to his board position, he served as president and CEO of Sierra Wireless Inc. from July 2021 to January 2023.
Lantronix CEO Saleel Awsare and Board Chairman Hoshi Printer acknowledged Brace's contributions, particularly highlighting his expertise in corporate governance and technology. Brace expressed confidence in Lantronix's future under its current leadership team as the company continues to expand its global presence in compute and connectivity for IoT solutions.
Lantronix (NASDAQ: LTRX) announced the debut of its new LM4 AI-powered Out-of-Band Management (OOBM) platform at Cisco Live in Amsterdam. The LM4 is the first console server specifically designed for Intermediate Distribution Frames and compact environments, targeting healthcare, finance, utilities, telecommunications, government, retail, and manufacturing sectors.
The platform provides automated network infrastructure recovery and monitoring through rules-based AI, offering up to four ports of serial console connections and support for 48 virtual ports. According to Dell'Oro Group, the serial console server market was valued at $320 million in 2024 and is projected to reach $391 million by 2026, growing at 7%.
The LM4 runs on LMOS software, compatible with LM83X and LM80 console servers, and is managed by Lantronix Control Center. The solution aims to standardize out-of-band management and implement AI-driven automation across network points, promising improved network resilience, easier management, and enhanced security.
Lantronix (NASDAQ: LTRX), a global provider of IoT solutions enabling AI Edge Intelligence, has scheduled its fiscal 2025 second quarter financial results announcement for February 6, 2025, after market close. The results will cover the period ended December 31, 2024.
The company will host an investor conference call and webcast at 1:30 PM Pacific Time (4:30 PM Eastern Time) on the same day. Investors can participate by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A replay will be available through February 13, 2025, accessible via the company's website or by phone using passcode 3433776.
Lantronix (NASDAQ: LTRX) announced the launch of its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch at the 2025 BICSI Winter Conference & Exhibition. The new switch features 2.5G ports and IEEE 1588v2 precision clock synchronization protocol, designed for wireless devices in security, surveillance, and smart building applications requiring always-on performance.
The switch comes integrated with Lantronix's Percepxion™ Software End-to-End Solutions platform, offering comprehensive device lifecycle management and data analytics through a single interface. The company will also showcase its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the event, along with other solutions including Network Extension Solutions, Secure Data Transmission solutions, and Industrial IoT Solutions.
Lantronix (NASDAQ: LTRX) announced that its president and CEO Saleel Awsare has been appointed to the Forbes Technology Council, an invitation-only community for business and technology leaders. The selection was based on Awsare's industry achievements and thought leadership. Awsare expressed his intention to share insights on AI and IoT transformations affecting enterprise business practices.
Prior to joining Lantronix in 2023, Awsare served as senior vice president at Synaptics Inc., where he managed the Enterprise and Mobile Division and played a key role in the company's successful transition from Mobile to IoT and enterprise markets. His previous experience includes serving as president of Conexant Systems from 2012 to 2017, where he established the company as a leader in audio and voice technologies, leading to its acquisition by Synaptics. From 2008 to 2012, he served as president of Nuvoton Technology America.
Lantronix (NASDAQ: LTRX) has appointed Daniel Quant as head of Industrial IoT Products and Business Line, reporting to Chief Strategy Officer Mathi Gurusamy. Quant will focus on integrating Artificial Intelligence into Industrial IoT devices to meet growing Edge Intelligence demands.
With over 20 years of experience in Industrial IoT and wireless communications, Quant previously served as VP and GM at Multi-Tech Systems, where he led development of IoT technologies including LoRaWAN gateways, Private LTE devices, and 5G NR RedCap solutions. His achievements include launching the first LoRa-based edge-compute Network Gateway and pioneering LTE Cat.M1 devices for AT&T's network.
Quant holds a bachelor's in Electronic System Engineering and completed advanced Machine Learning studies at MIT. He has contributed to industry standards through organizations like the LoRa Alliance, 3GPP, and CTIA.
Lantronix (NASDAQ: LTRX) has appointed Brent Stringham as its permanent Chief Financial Officer (CFO). Stringham, who previously served as the company's interim CFO and Chief Accounting Officer, has been with Lantronix since 2012. Prior to Lantronix, he held financial positions at Iteris Inc., Netlist Inc., and Ernst & Young.
CEO Saleel Awsare highlighted Stringham's deep institutional knowledge and extensive financial expertise gained through his 13-year tenure with the company. The appointment aligns with Lantronix's commitment to delivering shareholder value and advancing its strategic focus on Edge Intelligence in the IoT industry.
Lantronix (NASDAQ: LTRX) CEO Saleel Awsare has been named 'IoT Company CEO of the Year' in the 9th annual IoT Breakthrough Awards program. Awsare, who joined as president and CEO in November 2023, has led the company to revenue growth while focusing on advanced technologies, including IoT Edge Intelligence AI development and machine learning at the edge.
The company specializes in compute and connectivity IoT solutions, building an IoT/AI Edge ecosystem of developer tools, AI framework, and Edge AI platform. Through its partnership with Qualcomm Technologies, Lantronix delivers integrated solutions for various applications including robotics, automotive, and medical equipment.
Lantronix's product portfolio includes Device Management OOB, Network Switches, Telematic Gateways, and Embedded IoT Solutions such as Compute SOM & Dev Kits. Their solutions serve leading Enterprise, Automotive, and Smart Cities organizations globally.
FAQ
What is the current stock price of Lantronix (LTRX)?
What is the market cap of Lantronix (LTRX)?
What is the core business of Lantronix?
How does Lantronix generate revenue?
Which industries are served by Lantronix?
What differentiates Lantronix from its competitors?
What geographic markets does Lantronix operate in?
How does Lantronix ensure secure data management?
Can Lantronix’s solutions integrate with legacy systems?
What role do leadership and strategic partnerships play at Lantronix?
