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.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has entered into a cooperation agreement with stockholder 180 Degree Capital Corp. As part of this agreement, Narbeh Derhacobian and Kevin Palatnik will be nominated for election to the Lantronix Board of Directors at the company's 2024 Annual Meeting of Stockholders.
CEO Saleel Awsare emphasized the company's commitment to creating shareholder value and working collaboratively with shareholders. Daniel B. Wolfe, President of 180 Degree Capital, expressed appreciation for the constructive process and anticipation of the nominees' contributions to building value at Lantronix. The agreement includes customary standstill and voting commitments from 180 Degree Capital.
Lantronix Inc. (NASDAQ: LTRX) has been awarded the 2024 IoT Evolution Product of the Year Award for its Percepxion™ Cloud IoT Edge Solutions platform. This prestigious recognition from IoT Evolution World highlights Lantronix's commitment to advancing business efficiency and innovation in the IoT sector.
Launched in February 2024, Percepxion has set new standards for IoT operations management, serving a diverse clientele from Fortune 100 enterprises to startups. The platform offers comprehensive device lifecycle management, zero-touch automated provisioning, and remote management capabilities. It's pre-configured into Lantronix's IoT gateways, routers, trackers, and switches, making it ideal for critical infrastructure management, fleet management, and smart cities applications.
With the Enterprise IoT market reaching $269 billion in 2023 and growing at 15% year-over-year, Lantronix is well-positioned to capitalize on this expanding market with its innovative solutions.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has announced its participation in the 44th Annual Growth Conference hosted by Canaccord Genuity. The event will take place at the InterContinental Hotel in Boston on August 14, 2024.
Key details of Lantronix's participation include:
- A video webcast presentation scheduled for 9:00 a.m. Eastern Daylight Time
- CEO Saleel Awsare and CFO Jeremy Whitaker will be conducting one-on-one meetings with investors
- A webcast of the presentation will be available for viewing
This conference provides Lantronix with an opportunity to showcase its growth and connect with potential investors in the IoT solutions sector.
Lantronix (NASDAQ: LTRX) has won the 2024 IoT Business Impact Award from IoT Evolution magazine for its outstanding IoT solutions. The recognition highlights Lantronix's E210 Router and its successful global deployment for HY-LINE Group's Smart Shelf project, an easy-to-deploy digital retail shelf signage solution. This solution delivers customer engagement and purchasing behavior analytics, utilizing Lantronix's E210 Series Router with IoT SIM Connectivity Services and Percepxion™ Cloud IoT Edge Solutions platform for secure and centralized management.
According to Berg Insight, the retail industry is projected to grow with a CAGR of 10% over the next three years, reaching 19 million IoT devices by 2027. Lantronix aims to support this growth through its innovative plug-and-play connectivity services. The award affirms Lantronix's strategy of providing end-to-end IoT solutions that ensure security, integration, and ease of use, driving customer success in the IoT-driven market.
Lantronix has launched the EDS5000 series of device servers, designed to support 8, 16, or 32 serial managed devices over Ethernet for remote access and management.
The new servers offer advanced features including IPv6 technology, support for multiple serial protocols (RS232, RS422, RS485), and redundant power inputs (AC and DC). The devices are equipped with Ethernet connections via 10/100/1000 copper RJ45 or 100/1000 SFP, catering to various LAN/WAN options. They also have a wide operating temperature range of -10°C to +60°C and a comprehensive Device Security Framework with SSL/TLS, AES, and SSH.
Lantronix aims to address the growing demand for secure and efficient remote device management solutions.
Lantronix (NASDAQ: LTRX) will demonstrate its Percepxion™ Edge AI Solution prototype's integration with the Qualcomm® AI Hub at Qualcomm's AI Analyst and Media Workshop on June 25, 2024.
This integration aims to deliver a robust platform for optimized model performance, supporting rapid development and deployment of edge AI solutions across industries such as smart city, transportation, and connected healthcare.
Percepxion facilitates reduced decision latency, data costs, and provides robust cloud connectivity. It simplifies the integration and optimization of AI models for IoT applications.
The Qualcomm AI Hub aids developers with a straightforward Getting Started page, clear APIs, and a supportive Slack community.
The solution leverages the Qualcomm® QRB5165 processor, aiming to streamline AI development processes and create high-performance AI-driven applications.
Lantronix (NASDAQ: LTRX), a leading provider of compute and connectivity IoT solutions, announced that its CEO, Saleel Awsare, will participate in the ROTH 10th Annual London Conference on June 26–27, 2024. The event will be held at the Four Seasons London at Park Lane. During the conference, Awsare will engage in one-on-one meetings with investors. Interested parties can request a meeting by emailing oneononerequests@roth.com or contacting their ROTH sales representative. Additional information and registration can be done through the event's official page.
Lantronix (NASDAQ: LTRX) has been awarded the 2024 IoT Evolution Asset Tracking Award for its FOX3 telematic gateways. This accolade, based on a case study with Quantum Aviation Solutions, highlights the innovation in IoT technologies for asset tracking. The FOX3 gateways enable real-time data collection and historic analysis for fleet management, leading to increased efficiency and reduced costs. Market research predicts a 10.5% CAGR in global shipments of aftermarket telematics devices, reaching 77.6 million units and a market value of $3.7 billion by 2027.
Lantronix has announced a new case study on HY-LINE Group's Smart Shelf, a digital retail shelf signage solution. This solution integrates Lantronix’s E210 Series Router (E214) with IoT SIM Connectivity Services and the Percepxion Cloud IoT Edge Solutions platform.
HY-LINE's Smart Shelf engages customers and captures buying behaviors while providing analytics to boost sales. The solution offers secure connectivity via LAN, WLAN, or cellular IoT SIM, scalable cloud management, and live updates for promotions or price changes. The retail industry is projected to see a 10% CAGR in IoT device shipments, reaching 19 million units by 2027.
Lantronix's IoT solutions offer plug & play installation, simple-to-update interactive promotions, and remote management via the Percepxion platform, supporting global deployment and customer engagement in the retail market.
On May 30, 2024, Lantronix announced it will showcase its AI-driven out-of-band management solutions at Cisco Live, held in Las Vegas from June 2-6, 2024. These solutions leverage rules-based AI to automatically recover and mitigate network infrastructure during outages, providing secure remote access to gear. Lantronix's innovations aim to automate routine IT tasks, enhancing network security and reliability. Featured products include the AI-Driven Out-of-Band LM83X, LM80, and Control Center, among others. Lantronix is committed to delivering efficient and secure out-of-band solutions with robust technical support.
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