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Lantronix (LTRX)
NASDAQ:LTRX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.03Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -27.62%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive strategic moves and notable challenges. The successful acquisition of NetComm and strategic positioning in the edge AI market are promising, while revenue decline and challenges in certain segments pose concerns.Company Guidance
During the Fiscal Year 2025 Second Quarter Results Conference Call, Lantronix reported a revenue of $31.2 million for the second quarter, with a non-GAAP EPS of $0.04, both within the guidance range. The GAAP gross margin was 42.6%, while the non-GAAP gross margin was 43.2%. The company completed the strategic acquisition of NetComm for $6.5 million, which is expected to enhance their Connect business. The integration of NetComm is ongoing, with new opportunities identified in Australia and New Zealand. Cost-saving initiatives have progressed, significantly reducing operating expenses. For the third quarter, Lantronix anticipates revenue between $27 million and $31 million, with a non-GAAP EPS range of $0.01 to $0.05 per share. The company is positioning itself strategically to capitalize on the edge AI market, projecting significant growth opportunities, particularly with partnerships like Qualcomm. They expect these efforts to drive future growth in the company's key verticals: enterprise, smart cities, and transportation.Successful NetComm Acquisition
Lantronix acquired NetComm for $6.5 million, expanding its Connect business with 4G and 5G gateways. Integration is progressing well, and new cross-selling opportunities are being explored.
Edge AI Market Growth
Lantronix is strategically positioning itself in the $76 billion edge AI market by 2031, focusing on compute and connect of edge. The company showcased its edge intelligence technology at CES, receiving positive feedback.
Strengthened Qualcomm Partnership
Lantronix is integrating Qualcomm's AI framework into its systems, strengthening its collaboration with Qualcomm. This includes developing AI solutions for banking, manufacturing, and agriculture.
Cost Reduction Initiatives on Track
Lantronix made significant progress in its cost reduction initiatives, expected to reduce fiscal 2025 OpEx by $4.5 million compared to fiscal 2024.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $4.20 | $3.18 | -24.29% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Lantronix (LTRX) earnings time?
Lantronix (LTRX) earnings time is at Apr 24, 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 (Q3) is 0.03.
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