MARKET COMPOSITE
LTRX - Lantronix Inc8:00:00 PM 4/23/2024
Price
$3.29
+ 0.12 (3.63%)
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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Stock news

    IRVINE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced that Lantronix CEO Saleel Awsare and CFO Jeremy Whitaker will participate in one-on-one meetings with investors at the 21st Annual Craig-Hallum Institutional Investor Conference to be held on May 29, 2024, at the Depot Renaissance Hotel in Minneapolis. Interested investors should contact Lantronix CFO Jeremy Whitaker at investors@lantronix

    Case Study: Lantronix OOB solutions enhance secure automation of critical banking infrastructureIRVINE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions announced that it published today its case study focusing on deployment of its Out-of-Band (OOB) solutions and accompanying Level Technical Services by a leading financial services company. This large global entity has a complex IT infrastructure that includes h

    Lantronix (LTRX) adds two new edge compute trackers - the FOX4 and Bolero 43 - to its portfolio of telematic gateways.

    New Lantronix solutions target the high-growth telematics market estimated to reach $3.7 Billion by 2027IRVINE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today launched its new FOX4 and Bolero 43 edge compute tracker telematic gateways. Designed for assets and fleet management, both products come pre-configured with Lantronix’s Percepxion™ IoT edge software platform, which provides secure, comprehensive

    The tech sector has been on an upward trend ever since AI came into the spotlight. Some companies, like Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA), saw massive growth in industry coverage and valuations and have shown no signs of slowing. However, a high-performing sector does not equate to all stocks performing well. Some stocks get battered during the sector’s upward journey — this drop allows us to look at discounted tech stocks to buy. For courageous investors willing to take the chanc

    Lantronix (LTRX) is set to showcase the new series of Campus PoE++ switches pre-configured with Lantronix's Percepxion cloud management software at the ISC West security trade event in Las Vegas.

    Reliable edge switching performance that is ideal for security, surveillance, smart buildings and other IoT applicationsIRVINE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced new managed gigabit PoE++ (Power over Ethernet) enterprise switches. The 8-port SM8TBT2SA, 24-port SM24TBT4SA and 24-port SM24TBT4XPA switches provide the ability to connect PoE++ and PoE+ devices to the same switch, whic

    We feel now is a pretty good time to analyse Lantronix, Inc.'s ( NASDAQ:LTRX ) business as it appears the company may...

    In most cases, investors should stay away from penny stocks. They’re wild, they’re unpredictable and they tend to lose their stakeholders money more so than they return. It’s just not a good place to consistently bolster your portfolio. That said, the allure of penny stocks is understandable. Basically, they benefit from the law of small numbers. It doesn’t take much “energy” to move a small object up a ladder as compared to a heavy, bulky item. In similar fashion, if the stars align just right,

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