Lantronix SEC Filings

Lantronix Inc. President & CEO Saleel Awsare reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, 5,824 restricted stock units were exercised into 5,824 shares of common stock, reflecting a scheduled vesting from RSUs originally granted on July 1, 2024.

In connection with this vesting, 3,124 shares of Lantronix common stock were withheld at an implied value of $7.58 per share to cover required tax obligations, a non-market disposition. After these transactions, Awsare directly owned 384,813 shares of common stock, indicating a modest net increase in his equity stake driven by compensation rather than open-market trading.

Lantronix Inc Chief Revenue Officer Kurt W. Hoff reported compensation-related equity transactions. On June 1, 2026, 5,201 and 3,469 restricted stock units converted into the same number of common shares at a $0.00 exercise price. In connection with vesting, 3,952 common shares were withheld at $7.58 per share to cover required tax withholding. Following these transactions, Hoff directly holds 48,840 shares of Lantronix common stock, reflecting routine RSU vesting and associated tax withholding rather than open-market trading.

Lantronix Inc. Chief Product & Strategy Officer Gurusamy Mathi reported routine equity compensation activity in the form of restricted stock unit (RSU) vesting and related tax withholding. On June 1, 2026, he exercised RSUs into 11,310 shares of common stock and had 4,057 shares withheld to cover required tax obligations. Following these non-market transactions, he directly holds 62,822 shares of common stock and 13,338 RSUs that will continue to vest over time under prior grant schedules.

Lantronix, Inc. has completed a public underwritten offering of common stock to raise new capital. The company sold 4,166,667 shares at $7.20 per share and granted underwriters a 30-day option for 625,000 additional shares, which was exercised in full. This brought total shares issued in the deal to 4,791,667, with gross proceeds of about $30 million before fees and expenses. Lantronix plans to use the cash for working capital and general corporate purposes, including funding strategic growth initiatives such as developing and commercializing unmanned systems and related technologies.

Lantronix, Inc. is offering 4,166,667 shares of its common stock pursuant to this prospectus supplement, with a public offering price of $7.20 per share and expected delivery on or about June 1, 2026. The offering permits the underwriters a 30-day option to purchase up to 625,000 additional shares at the public offering price less the underwriting discount. Net proceeds to the company are estimated at approximately $28.0 million (or approximately $32.3 million if the option is exercised in full), before offering expenses.

Pro forma shares outstanding after the offering are stated as 43,983,597 (or 44,608,597 if the option is fully exercised), based on 39,816,930 shares outstanding as of March 31, 2026. The prospectus supplement discloses dilution math: historical net tangible book value was $1.03 per share as of March 31, 2026, and as-adjusted net tangible book value would be $1.57 per share after this offering, producing an immediate dilution of $5.63 per share to new investors.

Lantronix, Inc. entered into a Sales Agreement establishing an at-the-market offering program to sell up to $30,000,000 of its common stock through Needham & Company, LLC and Canaccord Genuity LLC as sales agents. The company may, at its sole discretion, periodically instruct a designated agent on the amount, timing, and minimum price of shares to be sold, and is not obligated to sell any shares.

Sales will be made pursuant to the company’s effective Registration Statement on Form S-3 and a related prospectus supplement. The designated agent will use commercially reasonable efforts to execute sales and will receive a 3% commission on the gross proceeds from each sale. The agreement includes customary representations, covenants, and indemnification provisions, and may be terminated by the company or either sales agent under its terms.

Lantronix, Inc. has priced a prospectus supplement to sell up to $30,000,000 of its common stock in an at-the-market offering pursuant to a Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC dated May 8, 2026. Sales may occur from time to time through the Sales Agents, who will receive a 3% commission on gross proceeds. The offering example assumes the May 7, 2026 closing price of $5.83 per share and estimates as-adjusted net tangible book value of $1.55 per share after the illustrated $30.0 million raise. Proceeds are intended for working capital and general corporate purposes; timing and amounts sold will depend on market conditions.

Lantronix, Inc. generated net revenue of $30.2 million for the quarter ended March 31, 2026, up 5.9% from $28.5 million a year earlier, and reduced its net loss to $1.2 million from $3.9 million. Gross margin held near 43%, reflecting a shift toward higher-margin Embedded IoT and Software & Services.

For the nine-month period, revenue was $89.7 million versus $94.1 million, but the net loss improved to $3.9 million from $8.7 million as operating expenses fell by nearly $5.0 million, including lower restructuring and acquisition costs. Cash and cash equivalents increased to $23.5 million, supported by $8.0 million of operating cash flow, while total debt declined to $8.8 million under a revolving credit facility that Lantronix remained in compliance with. Growth was strongest in the Americas and in Embedded IoT and SaaS offerings, partially offset by weaker IoT System Solutions and lower sales in EMEA and Asia Pacific.

Lantronix reported fiscal third-quarter 2026 net revenue of $30.2 million, up from $28.5 million a year earlier. GAAP results showed a net loss of $1.2 million, or $0.03 per share, while non-GAAP net income was $1.5 million, or $0.04 per share. GAAP gross margin was 43.1%, with non-GAAP gross margin at 43.6%. Embedded IoT Solutions revenue grew 22% year over year to $14.6 million, offsetting softer IoT System Solutions demand. Cash and cash equivalents were $23.5 million and debt was $8.7 million, with $7.9 million of operating cash flow generated fiscal year-to-date. For Q4 FY2026, the company guides revenue to $29–$33 million and non-GAAP EPS to $0.03–$0.05, and now expects fiscal 2026 drone revenue of $10–$14 million, targeting about $12 million at the midpoint.