MARKET COMPOSITE
LTRX - Lantronix Inc8:00:00 PM 3/28/2024
Price
$3.56
-0.01 (-0.28%)
Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, application hosting, protocol conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute that include application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management. It also offers system on module, single board computer, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development, as well as xPrintServer. In addition, the company's REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that provide remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms. Further, its SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login. The company offers its products through value added resellers, systems integrators, distributors, online retailers, and original equipment manufacturers; and an e-commerce site for direct sales. Lantronix, Inc. was founded in 1989 and is headquartered in Irvine, California.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue37MM+12%
Gross Profit15MM+7%
Cost Of Revenue22MM+16%
Operating Income-1.8MM+12%
Operating Expenses16.8MM+7%
Net Income-2.6MM+37%
R&D4.7MM-7%
G&A10.2MM+11%
Amortization1.3MM-5%
Interest Expense--
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    Compact Form Factor, Low-Power Serial-to-Cellular Modem Delivers Connectivity for Remote Control of Industrial Equipment M114 CAT-1 BIS Modem The M114 CAT-1BIS is a serial-to-cellular modem that comes pre-configured with Lantronix’s new Percepxion™ IoT software to provide secure, comprehensive device lifecycle management at the edge. IRVINE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced the a

    IRVINE, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced that Lantronix CEO Saleel Awsare will participate in a fireside chat with MKM Roth analyst Scott Searle on Monday, March 18, 2024, at 3:30 p.m. Pacific Standard Time, and will be joined by Lantronix CFO Jeremy Whitaker for one-on-one meetings with investors at the 36th Annual Roth Conference held March 17–19, 2024, at the Ritz Carlton Lagu

    Single-Board Computer Delivers Feature-Rich Development CapabilitiesIRVINE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise, today announced its new Snapdragon™ 8 Gen 3 mobile hardware development kit (HDK). A single-board computer (SBC) built on the Snapdragon 8 Gen 3 Platform, the new HDK provides an expandable, feature-rich

    IRVINE, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, announced that in connection with the commencement of the employment of Kurt Hoff, vice president, Worldwide Sales, effective March 4, 2024, the Company has agreed to issue Hoff inducement awards consisting of 62,404 restricted share units (RSUs) and 43,203 performance-based share units (PSUs), with the number of PSUs assuming target level of performance.

    IRVINE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced the appointment of Kurt Hoff as its vice president, Worldwide Sales, effective March 4, 2024. Hoff will replace Roger Holliday, vice president of Worldwide Sales at Lantronix, who is stepping down on Feb. 29, 2024, in order to retire. “We are very pleased to welcome Kurt Hoff to the Lantronix leadership team,” said Saleel Awsare, president

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    Percepxion™ comes pre-configured in Lantronix’s gateways, routers, trackers and switches to accelerate IoT edge device deploymentsIRVINE, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced Percepxion™, its new Cloud IoT Edge Solutions platform. Percepxion is pre-configured into Lantronix’s award-winning IoT gateways, routers, trackers and switches to provide secure, comprehensive device lifecycle m