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 (NASDAQ: LTRX) announced a case study featuring GWACS Defense Inc.'s implementation of Lantronix's Open-Q™ 8250CS System on Module (SOM) to develop a commercial-grade gunshot detection system. The system, based on Qualcomm® QCS8250 System-on-Chip, adapts military-grade acoustic technology for public safety applications in schools, hospitals, and entertainment venues.
The collaboration resulted in an Acoustic Event of Interest (AEI) platform that delivers real-time detection through AI and DSP algorithms, featuring 5G connectivity for low-latency communications and secure cloud integration. The solution provides unmatched precision, connectivity, and affordability while maintaining military-grade reliability. Key benefits include accelerated time to market, platform scalability, and cost-effective on-device processing.
Lantronix (NASDAQ: LTRX) has completed the acquisition of NetComm Wireless Pty 's enterprise IoT business assets from DZS Inc. for $6.5 million in cash. The strategic acquisition enhances Lantronix's Enterprise and Smart City market presence, expanding its 5G capabilities and IoT connectivity solutions in critical infrastructure, asset monitoring, and telecommunications.
The acquired portfolio includes Gateway, Routers, and Modems solutions that provide Ethernet-to-Cellular and Wi-Fi connectivity for demanding environments. The acquisition opens opportunities in new geographic markets, particularly Australia and New Zealand, while adding blue-chip Enterprise customers. Lantronix projects the acquired NetComm enterprise portfolio to generate $6-7 million in revenue during calendar year 2024.
Lantronix (NASDAQ: LTRX), a leading IoT compute and connectivity solutions provider, has announced its participation in the 27th Annual Needham Growth Conference. CEO Saleel Awsare and Interim CFO Brent Stringham will deliver in-person presentations on January 14-15, 2025 at the Lotte New York Palace Hotel.
Investors can access live audio webcasts and replays of the presentations through Lantronix's investor relations website section, with replays available for 90 days following the event. Interested investors seeking one-on-one meetings should contact investors@lantronix.com.
Lantronix (NASDAQ: LTRX) announced it will host briefings at CES 2025 (Jan. 7-10) to showcase its Edge AI solutions roadmap. The company will demonstrate Qualcomm Technologies-partnered embedded solutions and preview new enterprise IoT business solutions linked to its pending NetComm Wireless acquisition.
The company will showcase its new SmartLV, an AI-enabled IoT Edge Compute Cellular Gateway powered by Qualcomm® IQ-615 processor, designed for low-voltage substations and smart grid applications. The NetComm acquisition, expected to close in Q2 fiscal 2025, aims to expand Lantronix's 5G capabilities and enhance connectivity solutions in critical infrastructure, asset monitoring, and telecommunications.
Lantronix (NASDAQ: LTRX), a global leader in IoT compute and connectivity solutions, announced its participation in the 13th Annual NYC Summit investor conference. The event, co-hosted by 17 other companies, will take place on December 17, 2024, at Mastro's Steakhouse New York. Saleel Awsare, President & CEO of Lantronix, will present at the conference. The presentation materials will be available on the company's website in the events section.
Lantronix (LTRX) reported Q1 fiscal 2025 results with net revenue of $34.4 million, showing a 4% year-over-year increase but a sequential decline. The company posted GAAP EPS of ($0.07), down from ($0.05) in the prior year, and non-GAAP EPS of $0.06, compared to $0.07 last year. For Q2 fiscal 2025, Lantronix projects revenue between $29.0 million to $33.0 million and non-GAAP EPS of $0.01 to $0.05 per share, excluding potential contributions from the pending NetComm IoT product line acquisition.
Lantronix (NASDAQ: LTRX) has signed a definitive agreement to acquire NetComm's enterprise IoT business from DZS for $6.5 million in cash. The acquisition enhances Lantronix's Enterprise and Smart City market presence, expanding its 4G and 5G capabilities in Gateway, Routers, and Modems. The transaction is expected to close in Q2 fiscal 2025 and be accretive upon closing. The acquired portfolio is projected to generate $6-7 million in revenue during 2024, strengthening Lantronix's position in critical infrastructure, asset monitoring, and telecommunications sectors while expanding into new markets like Australia and New Zealand.
Lantronix (NASDAQ: LTRX), a global compute and connectivity IoT solutions provider, will release its fiscal 2025 first quarter financial results on November 7, 2024, after market close. The company will host an investor conference call and webcast at 3:30 PM PT/6:30 PM ET on the same day. Investors can join via phone (1-844-802-2442 US, 1-412-317-5135 international) or through the company's investor relations website. A replay will be available until November 14, 2024, through the website or phone (passcode: 8899754).
Lantronix Inc. (NASDAQ: LTRX) has unveiled SmartLV, the first AI-enabled IoT Edge Compute Cellular Gateway powered by the Qualcomm® IQ-615 processor. Designed for low-voltage substations and distribution automation in smart grids, utilities, and industrial sectors, SmartLV aims to revolutionize real-time visibility, control, and automation in the energy sector.
Key features include multi-protocol communication, high-speed connectivity, edge computing for real-time decisions, advanced cybersecurity, and simplified management through Lantronix's Percepxion™ IoT Edge Platform. The gateway enables Distribution System Operators (DSOs) to manage energy precisely and respond to real-time grid conditions.
SmartLV will debut at Enlit Europe, Oct. 22–24, 2024, in Milan, Italy. The product is scheduled to launch in CY 2025, with trials beginning at the end of CY 2024 for selected DSOs.
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.
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