Lantronix ( (LTRX) ) has issued an update.
Lantronix Inc. has announced a record-breaking fourth quarter and full fiscal year 2024, with a notable increase in both revenue and earnings per share (EPS). The company’s fourth-quarter net revenue surged to $49.1 million, marking a 41% year-over-year growth, while annual net revenue climbed by 22%. Their GAAP EPS improved from the prior year’s loss, and non-GAAP EPS more than doubled, reflecting strong financial performance. Lantronix also predicts a positive outlook for the first fiscal quarter of 2025, with expected revenue and non-GAAP EPS growth.
See more insights into LTRX stock on TipRanks’ Stock Analysis page.
