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, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute, such as 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 network switches, media converters, power over ethernet, NICS and optical SFPs, system on modules, single board computers, 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 offers 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. Lantronix, Inc. was founded in 1989 and is headquartered in Irvine, California.
IPO Year: 2000
Exchange: NASDAQ
Website: lantronix.com
Date | Price Target | Rating | Analyst |
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9/11/2024 | $7.50 | Buy | Canaccord Genuity |
3/12/2024 | $8.50 → $7.00 | Buy | Needham |
2/9/2024 | $8.50 → $7.00 | Buy | Needham |
2/14/2022 | $13.00 | Buy | Canaccord Genuity |
10/28/2021 | $7.00 → $13.00 | Buy | Needham |
10/12/2021 | $11.00 | Buy | Craig Hallum |
8/27/2021 | $9.00 → $10.00 | Buy | Roth Capital |
8/27/2021 | $6.50 → $7.00 | Buy | Needham |
7/8/2021 | $6.50 | Buy | Needham |
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IRVINE, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, is proud to announce the appointment of Daniel Quant as head of the Industrial IoT (IIoT) Products and Business Line at Lantronix. Reporting directly to Lantronix's chief strategy officer Mathi Gurusamy, Quant will play a pivotal role in driving Lantronix's vision of integrating Artificial Intelligence into Industrial IoT devices to meet the increasing demand for Edge Intelligence in industrial and enterprise environments. Quant brings more than two decades of global leadership experience in Industrial IoT and advanced wireless communication techno
IRVINE, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global leader in IoT compute and connectivity IoT solutions, today announced the appointment of Brent Stringham as its chief financial officer (CFO). Stringham has been an experienced financial leader with Lantronix since 2012 and previously served as the Company's interim CFO and Chief Accounting Officer. "Brent brings deep institutional knowledge and extensive financial expertise to his new role as CFO based on his many contributions to Lantronix over the past 13 years," said Saleel Awsare, chief executive officer of Lantronix. "With Brent's financial leadership, Lantronix remains firmly co
IRVINE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced that its CEO Saleel Awsare has received the "IoT Company CEO of the Year" award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today. "Lantronix CEO Saleel Awsare deserves ‘IoT Company CEO of the Year' due to his many contributions to push the global advancement of IoT solutions. By embodying his company's tenants and values of Innovation, Customer F
IRVINE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced its new case study featuring GWACS Defense Inc., a Tulsa, Okla.-based military defense contractor. Delivering intelligence at the Edge, GWACS utilized Lantronix's Open-Q™ 8250CS System on Module (SOM) based on Qualcomm® QCS8250 System-on-Chip (SoC) and Lantronix's Engineering Services to adapt its military-grade gunshot and noise detection system for the commercial market. Uses of the new Acoustic Event of Interest (AEI) platform include detection of active shooters in public spaces, such as schools, hospitals, construction sites and
Accelerates Lantronix's Enterprise IoT LeadershipExpands Its IoT Wireless Connect Portfolio With Cutting-Edge 5G TechnologyStrengthens Its Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has finalized its acquisition of NetComm Wireless Pty Ltd ("NetComm"), a subsidiary of DZS Inc., for all of its enterprise Internet of Things (IoT) business assets for $6.5 million in cash, together with assumptions of certain liabilities. This strategic acquisition complements Lantronix's focus on the Enterprise and Smart City v
IRVINE, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that Saleel Awsare, CEO and Brent Stringham, Interim CFO, will deliver in-person presentations on Tuesday, Jan. 14, and Wednesday, Jan. 15, 2025, at the 27th Annual Needham Growth Conference at the Lotte New York Palace Hotel in New York City. The live audio webcast and replay of the presentations will be available approximately two hours following the live event and will be accessible for 90 days in the investor relations section of the Lantronix website. Interested investors should contact Lantronix at [email protected] for
IRVINE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it will host a suite at the Wynn Tower Suites during CES, Jan. 7–10, 2025, to share its 2025 product roadmap of Edge AI solutions. Lantronix is at the forefront of IoT/Edge AI development and is uniquely positioned to leverage its existing expertise and assets to deliver advanced technology solutions that deliver on the promise of Edge AI. In its hosted suite at CES, Lantronix will demo its cutting-edge products, including its Qualcomm® Technologies-partnered embedded solutions, as well as provide a preview of its
IRVINE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it will be joining 17 other companies in collectively hosting the 13th Annual NYC Summit investor conference, being held Tuesday, Dec. 17, 2024, at Mastro's Steakhouse New York. Presenting on behalf of Lantronix will be Saleel Awsare, President & CEO of Lantronix. The presentation material utilized by Lantronix during the NYC Summit will be made accessible on the events section of the Lantronix website. About the 13th Annual NYC Summit Collectively hosted and funded by participating companies, the NYC Summit features a "round
First Quarter Net Revenue of $34.4 Million, up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.07) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.06 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its first quarter of fiscal 2025. Net revenue totaled $34.4 million, up 4 percent year-over-year and down sequentially as expected. GAAP EPS of ($0.07), compared to ($0.05) in the prior year and $0.01 in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.07 in the prior year and $0.15 in th
Expands Lantronix's IoT Wireless Connect Portfolio With Cutting-Edge 5G TechnologyStrengthens Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has signed a definitive agreement to acquire from NetComm Wireless Pty Ltd ("NetComm"), a subsidiary of DZS, Inc., all of the assets of its enterprise Internet of Things (IoT) business for $6.5 million in cash together with assumptions of certain liabilities. The acquisition complements Lantronix's focus on the Enterprise and Smart City vertical markets and expands its next-generati
Canaccord Genuity resumed coverage of Lantronix with a rating of Buy and set a new price target of $7.50
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $8.50 previously
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $8.50 previously
Canaccord Genuity initiated coverage of Lantronix with a rating of Buy and set a new price target of $13.00
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $13.00 from $7.00 previously
Craig Hallum initiated coverage of Lantronix with a rating of Buy and set a new price target of $11.00
Roth Capital reiterated coverage of Lantronix with a rating of Buy and set a new price target of $10.00 from $9.00 previously
Needham reiterated coverage of Lantronix with a rating of Buy and set a new price target of $7.00 from $6.50 previously
Needham initiated coverage of Lantronix with a rating of Buy and set a new price target of $6.50
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IRVINE, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, is proud to announce the appointment of Daniel Quant as head of the Industrial IoT (IIoT) Products and Business Line at Lantronix. Reporting directly to Lantronix's chief strategy officer Mathi Gurusamy, Quant will play a pivotal role in driving Lantronix's vision of integrating Artificial Intelligence into Industrial IoT devices to meet the increasing demand for Edge Intelligence in industrial and enterprise environments. Quant brings more than two decades of global leadership experience in Industrial IoT and advanced wireless communication techno
IRVINE, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global leader in IoT compute and connectivity IoT solutions, today announced the appointment of Brent Stringham as its chief financial officer (CFO). Stringham has been an experienced financial leader with Lantronix since 2012 and previously served as the Company's interim CFO and Chief Accounting Officer. "Brent brings deep institutional knowledge and extensive financial expertise to his new role as CFO based on his many contributions to Lantronix over the past 13 years," said Saleel Awsare, chief executive officer of Lantronix. "With Brent's financial leadership, Lantronix remains firmly co
IRVINE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in compute and connectivity IoT solutions, today announced the resignation of Chief Financial Officer (CFO) Jeremy Whitaker, who has accepted the CFO role at a private company. Whitaker departed on September 13, 2024. Brent Stringham, currently the company's Controller, is appointed Interim CFO while the company conducts a search for the next CFO. Stringham, an experienced financial leader, has been with Lantronix since 2012. He brings deep institutional knowledge and extensive financial expertise to the role. Prior to joining Lantronix, Brent held financial leadership positions at Iteris
IRVINE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today announced the appointment of Mathi Gurusamy as its chief strategy officer (CSO), effective May 13, 2024. In his new role, Gurusamy will spearhead the company's strategic planning and execution of growth opportunities, manage merger and acquisition activities, and drive go-to-market strategies that address key IoT technology trends to bolster Lantronix's growth. "With a successful career spanning more than two decades in IoT and high-tech, Mathi has demonstrated remarkable expertise in leading companies through periods of growth," said Saleel Aws
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 15, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lantronix, Inc. (NASDAQ:LTRX) investors that a lawsuit was filed on behalf of investors that purchased Lantronix securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to r
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 01, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lantronix, Inc. (NASDAQ:LTRX) investors that a lawsuit was filed on behalf of investors that purchased Lantronix securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to r
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 20, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lantronix, Inc. (NASDAQ:LTRX) investors that a lawsuit was filed on behalf of investors that purchased Lantronix securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recove
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 and CEO of Lantronix. "Kurt's knowledge and experience in the IoT industry, coupled with his abilities in scaling IoT revenue and profitability at industry leaders such as Silicon Labs, Synaptic
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Lantronix, Inc. (NASDAQ:LTRX) investors that a lawsuit was filed on behalf of investors that purchased Lantronix securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to re
IRVINE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that Christa Steele is joining the Company's Board of Directors as an independent director, effective Jan. 24, 2024. Following the appointment of Steele, the Board will be comprised of six directors, five of whom are independent under applicable listing standards of the Nasdaq Stock Market. "We are very pleased to welcome Christa Steele to the Lantronix Board of Directors," said Saleel Awsare, CEO and president of Lantronix. "Lantronix will benefit greatly fro
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First Quarter Net Revenue of $34.4 Million, up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.07) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.06 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its first quarter of fiscal 2025. Net revenue totaled $34.4 million, up 4 percent year-over-year and down sequentially as expected. GAAP EPS of ($0.07), compared to ($0.05) in the prior year and $0.01 in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.07 in the prior year and $0.15 in th
IRVINE, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2025 first quarter ended Sept. 30, 2024, after the close of the market on Thursday, Nov. 7, 2024. Management will host an investor conference call and audio webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) on Nov. 7, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2025 first-quarter call. The webcast will be available simultaneou
Fourth Quarter Net Revenue of $49.1 Million, up 19 Percent Sequentially and up 41 Percent Year-Over-YearFourth Quarter GAAP EPS of $0.01 vs. ($0.05) in the Prior Year, a $0.06 Improvement Fourth Quarter Non-GAAP EPS of $0.15 vs. $0.06 in the Prior Year, up 150 PercentAnnual Net Revenue of $160.3 Million, up 22% From the Prior YearAnnual GAAP EPS of ($0.12) vs. ($0.25) in the Prior Year, a $0.13 Improvement Annual Non-GAAP EPS of $0.40 vs. $0.23 in the Prior Year, up 74 Percent Cash Balance of $26.2 Million, up 95 Percent From the Prior Year IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today re
IRVINE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2024 fourth quarter ended June 30, 2024, after the close of the market on Thursday, Sept. 5, 2024. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Sept. 5, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2024 fourth-quarter call. The webcast will be available simulta
Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-YearThird Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year Third Quarter Non-GAAP EPS of $0.11 vs. $0.06 in the Prior Year IRVINE, Calif., April 29, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today reported results for its third quarter of fiscal 2024. Net revenue totaled $41.2 million, up 11 percent sequentially and up 25 percent year-over-year. GAAP EPS of ($0.01), compared to ($0.08) in the prior year and ($0.07) in the prior quarter. Non-GAAP EPS of $0.11, compared to $0.06 in the prior y
IRVINE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions, today announced it will release financial results from its fiscal 2024 third quarter ended March 31, 2024, after the close of the market on Monday, April 29, 2024. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on April 29, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2024 third-quarter call. The webcast will be available si
Second Quarter Net Revenue of $37 Million, up 12 Percent Sequentially and up 18 Percent Year-Over-YearSecond Quarter GAAP EPS of ($0.07) vs. ($0.07) in the Prior Year Second Quarter Non-GAAP EPS of $0.08 vs. $0.04 in the Prior Year IRVINE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions that target high-growth applications in Smart Cities, Automotive and Enterprise, today reported results for its second quarter of fiscal 2024. Net revenue totaled $37.0 million, up 12 percent sequentially and up 18 percent year-over-year. GAAP EPS of ($0.07), compared to ($0.07) in the prior year a
IRVINE, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries in Smart Cities, Automotive and Enterprise, today 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. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Feb. 8, 2024. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fis
First Quarter Net Revenue of $33 Million, Down 5 Percent Sequentially and up 4 Percent Year-Over-YearFirst Quarter GAAP EPS of ($0.05) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.07 vs. $0.07 in the Prior Year IRVINE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its first quarter of fiscal 2024. Net revenue totaled $33.0 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS of ($0.05), compared to ($0.05) in the prior year and ($0.05) in the prior quarter. Non-GA
IRVINE, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the "Company") (NASDAQ:LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced it will release financial results from its fiscal 2024 first quarter ended Sept. 30, 2023, after the close of the market on Wednesday, Nov. 8, 2023. Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Nov. 8, 2023. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix fiscal 2