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 Inc. (NASDAQ: LTRX) will showcase its IoT solutions at the GSX tradeshow in Orlando and ISE in London. The company will display its award-winning switches, routers, gateways, and trackers. Highlights include:
1. New SM8TBT2SA 8-port and SM24TBT4SA 24-port PoE switches for security, surveillance, and smart city applications.
2. New FOX4 and Bolero40 trackers for asset and fleet management, featuring customization capabilities and pre-configured with Lantronix's Percepxion IoT edge software platform.
3. Lantronix's solutions are used in notable projects like Hotel Marcel, the first net-zero energy hotel in the US, and by the New York Department of Transportation.
The company is positioning itself in growing markets, with PoE ports expected to comprise over half of campus switch port shipments by 2028, valued at $8.2 billion, and the global aftermarket telematic devices market projected to reach $3.7 billion by 2027.
Lantronix Inc. (NASDAQ: LTRX) announced the resignation of CFO Jeremy Whitaker, who departed on September 13, 2024, to join a private company. The company has appointed Brent Stringham, its current Controller, as Interim CFO while conducting a search for a permanent replacement. Stringham, with Lantronix since 2012, brings extensive financial expertise to the role.
To support the transition, Lantronix has engaged David McLennan, former CFO of Sierra Wireless Inc., as a consultant. CEO Saleel Awsare expressed confidence in the company's financial future with this leadership team. Whitaker, who served for 18 years, stated that he balanced completing year-end results at Lantronix with the needs of his new position.
Lantronix Inc. (NASDAQ: LTRX) reported record revenue for Q4 and full fiscal 2024. Q4 net revenue reached $49.1 million, up 19% sequentially and 41% year-over-year. Q4 GAAP EPS improved to $0.01 from ($0.05) in the prior year, while non-GAAP EPS rose 150% to $0.15. Annual net revenue grew 22% to $160.3 million, with annual non-GAAP EPS up 74% to $0.40. The company's cash balance increased 95% to $26.2 million. For Q1 fiscal 2025, Lantronix expects revenue between $34-$38 million and non-GAAP EPS of $0.07-$0.11.
Lantronix Inc. (NASDAQ: LTRX) has announced the winners of its 2024 SmartEdge™ Partner Program Awards, recognizing top channel partners globally. The awards highlight partners in North America, Asia Pacific, and Europe, Middle East and Africa who have contributed to Lantronix's position as a global compute and connect leader.
Key winners include:
- North America: TD Synnex (Partner of the Year), WWT (Innovation Partner), Charter (Software & Services Partner)
- Asia Pacific: Nexty (Partner of the Year), Shanghai Scopecon Technology Co., (Innovation Partner), Sheeltron Digital Pvt. (Software & Services Partner)
- EMEA: Atlantik Elektronik GmbH (Partner of the Year), Linkwave (Innovation Partner), SOL (Software & Services Partner)
The SmartEdge Partner Program aims to help Value-Added Resellers and Systems Integrators drive revenues by offering Lantronix's innovative IoT, Out-of-Band Management, and Mobility/Connectivity solutions.
Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT solutions, has announced its fiscal 2024 fourth quarter financial results release on September 5, 2024, after market close. The company will host an investor conference call and webcast at 2:00 p.m. Pacific Time on the same day. Investors can join the call by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A webcast will be available on the company's investor relations website. A replay of the call will be accessible from approximately 7:00 p.m. Pacific Time on September 5, and a telephonic replay will be available until September 12, 2024.
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.
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