Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.
Lantronix gains from its unique portfolio and innovation, but ongoing issues in IoT System Solutions and Software & Services segments remain a concern.
LTRX launches the Open-Q 8550CS SOM, backed by the Qualcomm Dragonwing QCS8550 processor, to accelerate the creation of next-generation industrial applications.
LTRX's IIoT portfolio comprises high-performance routers, modems, IIoT cellular gateways and telematic devices.
LTRX's SmartLV is designed for low-voltage substations & distribution automation applications, revolutionizing smart grids, utilities & industrial sectors.
LTRX reports better-than-expected earnings in the fiscal second-quarter. However, both the top and bottom lines decline year over year.
Lantronix, Inc. (NASDAQ:LTRX ) Q2 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Brent Stringham - Chief Financial Officer Saleel Awsare - Chief Executive Officer Conference Call Participants Jaeson Schmidt - Lake Street George Gianarikas - Canaccord Genuity Ryan Koontz - Needham Scott Searle - Roth Capital Christian Schwab - Craig-Hallum Capital Group Operator Good day, and welcome to the Fiscal 2025 Second Quarter Results Conference Call. All participants will be in listen-only mode.
Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.08 per share a year ago.
LTRX is set to display its latest 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch and other solutions at BICSI Winter Conference 2025.
Lantronix's Open-Q 8250CS SOM is used by GWACS along with Qualcomm QCS8250 SoC to develop its military-grade gunshot detection system for commercial purposes.
Lantronix focuses on high-growth industries like Smart Cities and Automotive, providing customizable IoT solutions and benefiting from edge AI computing through a partnership with Qualcomm. The acquisition of NetComm's IoT product line enhances Lantronix's 5G offerings, expands its geographic reach, and is expected to be immediately accretive to EPS. Lantronix is streamlining its product portfolio and consolidating global sites to improve efficiency, aiming to reduce operating expenses by $4.5M in FY25.
LTRX announces the completion of its acquisition of NetComm, boosting 5G capabilities, expanding markets and enhancing enterprise IoT solutions globally.