Lantronix ( (LTRX) ) has released its Q1 earnings. Here is a breakdown of the information Lantronix presented to its investors.
Lantronix Inc. is a global technology company offering compute and connectivity solutions for the growing Internet of Things (IoT) markets, focusing on industries like Smart Cities, Automotive, and Enterprise. The company is known for delivering innovative turnkey solutions and customizable products that address each layer of the IoT stack.
Lantronix reported its earnings for the first quarter of fiscal 2025, noting a 4% year-over-year increase in net revenue to $34.4 million. Despite this growth, the company experienced a GAAP net loss per share of $0.07, compared to a $0.05 loss in the previous year. Non-GAAP earnings per share were also slightly down from the prior year.
Key highlights from the earnings report include the strategic acquisition of NetComm’s IoT product line, which is expected to enhance Lantronix’s offerings in 5G technology and expand its customer base. Additionally, Lantronix has made significant progress in its collaboration with Qualcomm, focusing on Edge AI advancements, which positions the company as a strong player in smart cities and industrial applications.
The company is also actively streamlining its product portfolio and operational sites to boost efficiency and focus on core growth areas, expecting to reduce operating expenses by $4.5 million for fiscal 2025. This strategic optimization is aimed at supporting profitable growth and expanding their market reach, especially with the anticipated closing of the NetComm acquisition.
Looking ahead, Lantronix projects second-quarter revenue to range between $29 million and $33 million, with non-GAAP EPS expected between $0.01 and $0.05. The company remains committed to driving innovation in Edge Intelligence and enhancing operational efficiency to capitalize on evolving IoT opportunities.
