Lantronix ( (LTRX) ) has released its Q2 earnings. Here is a breakdown of the information Lantronix presented to its investors.
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Lantronix Inc. is a global leader in providing compute and connectivity solutions for the Internet of Things (IoT), focusing on sectors such as Smart Cities, Enterprise, and Transportation. The company specializes in enabling AI Edge Intelligence with a suite of products including Intelligent Substations infrastructure and Out-of-Band Management for Cloud and Edge Computing.
In its second quarter fiscal 2025 earnings report, Lantronix announced a net revenue of $31.2 million, aligning with their guidance expectations. The company reported a GAAP EPS of ($0.06) and a Non-GAAP EPS of $0.04, indicating a slight improvement over the previous year but a decline from the previous quarter.
Key highlights include the strategic acquisition of Netcomm to enhance their Connect business with 4G and 5G gateways, a strengthening partnership with Qualcomm for AI initiatives, and a focus on expanding their presence in the Edge AI market, which is anticipated to grow significantly in the coming years. Despite a year-over-year revenue decline due to reduced out-of-band management and switch product activity, Lantronix improved its gross margin and reduced operating expenses, reflecting its ongoing cost-saving initiatives.
Looking forward, Lantronix projects revenue for the third fiscal quarter of 2025 to be between $27 million and $31 million, with Non-GAAP EPS expected to range from $0.01 to $0.05. The company remains optimistic about its growth prospects, focusing on Edge AI solutions and the integration of Netcomm assets to drive future expansion and capitalize on emerging market trends.
