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Lantronix Inc - LTRX STOCK NEWS

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.

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Lantronix Inc. announced it will release financial results from its fiscal 2024 second quarter ended Dec. 31, 2023, after the close of the market on Feb. 8, 2024. The company provides compute and connectivity IoT solutions for Smart Cities, Automotive, and Enterprise industries. Management will host an investor conference call and audio webcast on Feb. 8, 2024, at 2:00 p.m. Pacific Time. Investors can access the live conference call and webcast via the investor relations section of the Company’s website. A replay of the conference call will be available on the Lantronix website, as well as a telephonic replay through Feb. 15, 2024.
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Lantronix Inc. (NASDAQ: LTRX) wins IoT Evolution Smart Buildings Innovation Award for its Smart Managed Gigabit Power over Ethernet++ (PoE++) SM24TBT2DPB PoE++ Switch. The switch will be displayed at the 2024 BICSI Winter Conference and has contributed to powering the country’s first net-zero energy hotel, the Hotel Marcel, a historical building that is part of the Tapestry Collection by Hilton. The hotel is one of the first Passive House-certified hotels and one of fewer than a dozen LEED Platinum-certified hotels in the country. Lantronix’s PoE++ switch is the only UL-certified switch with true 24x90-watt power and direct high-voltage DC power, supporting the latest PoE standard and ensuring the highest possible integration with other smart building solutions.
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Lantronix Inc. announced the appointment of Christa Steele as an independent director to the Board of Directors. Steele brings extensive experience as a CEO and board member of public and privately held companies. Lantronix CEO and chairman expressed confidence in Steele's ability to drive revenue growth, improved profitability, and shareholder value creation. Steele holds an MBA from The Marshall School of Business at the University of Southern California and a Bachelor of Arts from California State University Sacramento.
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Lantronix Inc. (NASDAQ: LTRX) partners with P3 Digital Services to create a pre-integrated hardware and software turnkey In-Vehicle Infotainment (IVI) platform. Lantronix's Automotive Infotainment Computer (AIC) built around the Qualcomm SA8155P processor complements P3's flagship SPARQ OS software, offering OEMs a highly capable, secure, and future-ready infotainment platform, accelerating time to market and saving costs.
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Lantronix Inc. (NASDAQ: LTRX) announced the appointment of Saleel Awsare, president and CEO, to its Board of Directors. Mr. Awsare has been granted 470,255 RSUs, 235,127 PSUs tied to FY24 performance, and 223,931 PSUs tied to relative TSR, subject to vesting conditions. The awards are in accordance with NASDAQ Listing Rule 5635(c)(4).
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Lantronix Inc. (NASDAQ: LTRX) reported first quarter net revenue of $33 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS was ($0.05), and non-GAAP EPS was $0.07. The company expects revenue for fiscal year 2024 in a range of $175 million to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.
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Lantronix Inc. announces that Saleel Awsare, former Senior Vice President and General Manager at Synaptics, will join the company as President and CEO effective November 20, 2023. Awsare's experience in driving market valuation and leading growth makes him a valuable addition to Lantronix.
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Lantronix Inc. will release financial results for its fiscal 2024 first quarter on Nov. 8, 2023. The company is a global provider of secure turnkey solutions for the Industrial Internet of Things and the Intelligent IT market. Investors can access a live conference call and webcast at 2:00 p.m. PT on Nov. 8. A replay of the conference call will be available on the Lantronix website.
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Lantronix Inc. expands its embedded product line with the new Snapdragon Ride SX Automotive Development Platform (ADP). The platform is designed to enable the rapid creation of customizable infotainment, cluster, and driver monitoring systems for next-generation vehicles. It features a backplane board that connects multiple plug-in cards for enhanced testing and debugging. The Snapdragon Ride SX ADP is based on Qualcomm Technologies' Snapdragon Ride and Cockpit Platforms, providing automakers with resources to develop cutting-edge applications. The latest-generation Snapdragon Cockpit Platform offers high-performance SoCs with low-power and thermal profiles, allowing over-the-air updates for the latest features and capabilities throughout the vehicle's lifecycle.
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Lantronix Chairman Paul Folino passes away
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FAQ

What is the current stock price of Lantronix (LTRX)?

The current stock price of Lantronix (LTRX) is $3.64 as of December 20, 2024.

What is the market cap of Lantronix (LTRX)?

The market cap of Lantronix (LTRX) is approximately 139.7M.

What does Lantronix Inc. specialize in?

Lantronix Inc. specializes in providing secure data access and management solutions for the Internet of Things (IoT) and intelligent IT assets.

Which industries does Lantronix serve?

Lantronix serves a wide range of industries including healthcare, industrial, security, energy, transportation, and government sectors.

What are the key product lines of Lantronix?

Lantronix organizes its products into three main categories: IoT Solutions, IoT System Solutions, and Software & Services.

How has Lantronix performed financially in recent quarters?

In the first quarter of fiscal 2024, Lantronix reported net revenue of $33.0 million, up 4% year-over-year. It expects revenue to range between $175 million to $185 million for the fiscal year 2024.

What is the Percepxion platform?

The Percepxion platform accelerates IoT edge device deployments with features like zero-touch automated provisioning and comprehensive device lifecycle management.

How does Lantronix ensure secure data management?

Lantronix ensures secure data management through innovative technologies and solutions like encrypted access, detailed logging, and monitoring in its Out-of-Band (OOB) management solutions.

What are the latest IoT innovations by Lantronix?

Lantronix recently introduced the FOX4 and Bolero 43 Edge Compute Trackers and the Tracx browser-based fleet management hub, targeting the telematics market.

What regions contribute the most revenue for Lantronix?

The Americas contribute the vast majority of total revenue for Lantronix, followed by Europe, the Middle East, Africa, and the Asia Pacific Japan region.

What is Lantronix’s approach to financial reporting?

Lantronix focuses on non-GAAP financial measures to provide a clearer understanding of its operational trends, excluding elements like share-based compensation and restructuring charges.

What is the SNAP 8 Gen 3 Mobile Platform?

The SNAP 8 Gen 3 Mobile Platform is a cutting-edge solution delivering nearly double the AI performance of its predecessor, enabling advanced AI applications in robotics and edge AI.

Lantronix Inc

Nasdaq:LTRX

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LTRX Stock Data

139.67M
31.66M
17.72%
36.3%
0.37%
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