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) has unveiled five new System-in-Package (SiP) solutions powered by Qualcomm Technologies' chipsets, reinforcing its position in industrial and enterprise IoT innovation. These solutions bring advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities to the edge, targeting applications in robotics, industrial automation, video surveillance, and drones.
The new SiP modules are compliant with the Trade Agreements Act (TAA) and the National Defense Authorization Act (NDAA). They integrate AI capabilities from the Qualcomm AI Hub, providing a reference base of over 100 AI models and simplified model optimization. The lineup includes:
- IQ9 Series SiPs (9100IQ and 9075IQ) for industrial and robotics applications
- Open-Q 8550CS for advanced video and AI applications
- Open-Q 6490CS and 5430CS for scalable AI solutions
These SiPs offer features such as high AI performance, power efficiency, advanced connectivity, and support for complex computing tasks, positioning Lantronix at the forefront of edge AI technology.
Lantronix Inc. (NASDAQ: LTRX) has been named a finalist in The Top 100 Software Companies of 2024 ranking by The Software Report. This recognition is largely due to Lantronix's Percepxion™ Cloud IoT Edge Solutions platform, which has gained traction since its launch in February 2024.
The Percepxion platform offers comprehensive device lifecycle management through Web, APIs, and mobile apps. It includes features such as zero-touch automated provisioning, remote installation, and secure data communication. The platform is suitable for critical infrastructure management, fleet management, and smart cities.
Lantronix's CEO, Saleel Awsare, stated that this recognition validates their commitment to advancing business efficiency and fostering innovation in the IoT sector. The Enterprise IoT market reached $269 billion in 2023, growing 15% year-over-year, positioning Lantronix to capitalize on this expanding market.
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.
