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Lantronix (LTRX)
NASDAQ:LTRX
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.03Last Year’s EPS
$0.08Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -6.67%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Revenue growth and strategic initiatives with Qualcomm and NetComm are promising, but there are challenges with declining IoT System Solutions revenue and a net loss. The outlook for the next quarter indicates potential revenue challenges, but long-term strategies appear positive.Company Guidance
In the Lantronix Q1 2025 earnings call, the company provided guidance and insights into its strategic initiatives and financial outlook. For the first quarter, Lantronix reported revenue of $34.4 million, marking a 4% increase year-over-year, with a non-GAAP EPS of $0.06. The company anticipates Q2 revenue between $29 million and $33 million, with non-GAAP EPS ranging from $0.01 to $0.05. The acquisition of NetComm's IoT product line for $6.5 million in cash is expected to contribute $6 million to $7 million in 2024 revenue and be immediately accretive to EPS. Lantronix plans to reduce fiscal year 2025 operating expenses by approximately $4.5 million compared to fiscal year 2024, with non-GAAP OpEx projected to be between $11.25 million and $11.75 million per quarter. The company is also focusing on its collaboration with Qualcomm in Edge AI, aiming for long-term growth in areas such as video surveillance, robotics, and industrial automation. Overall, Lantronix is concentrating on profitable growth, operational efficiency, and strategic investments, setting the stage for continued expansion into fiscal year 2026 and beyond.Revenue Growth
Reported revenue of $34.4 million for Q1 2025, up 4% compared to the same quarter last year.
NetComm Acquisition
Acquisition of NetComm's IoT product line for $6.5 million, expected to generate $6 million to $7 million in revenue in 2024 and be immediately accretive to EPS.
Collaboration with Qualcomm
Progress in Edge AI with Qualcomm, including signing a development agreement and launching AI-enabled Edge Compute gateway.
Operating Efficiency Initiatives
Streamlining product portfolio and consolidating sites to reduce operating expenses by approximately $4.5 million in fiscal year 2025.
Positive Cash Flow
Generated positive operating cash flow of $2.7 million and ended the quarter with $26.4 million in cash and cash equivalents.
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LTRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LTRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.90 | $2.82 | -27.69% |
| Sep 05, 2024 | $3.33 | $3.70 | +11.11% |
| Apr 29, 2024 | $3.46 | $3.76 | +8.67% |
| Feb 08, 2024 | $5.81 | $3.92 | -32.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lantronix (LTRX) report earnings?
Lantronix (LTRX) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Lantronix (LTRX) earnings time?
Lantronix (LTRX) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTRX EPS forecast?
LTRX EPS forecast for the fiscal quarter 2025 (Q2) is $0.03.
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