Sector: Technology | Industry: Communications & Networking |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 48 Discovery, Suite 250 IRVINE CA 92618 |
Tel: | N/A |
Website: | https://www.lantronix.com |
IR: | See website |
Key People | ||
Jason W. Cohenour Interim Chairman of the Board | Saleel Awsare President, Chief Executive Officer, Director | Jeremy R. Whitaker Chief Financial Officer |
Eric Bass Vice President - Engineering | Kurt Hoff Vice President - Worldwide Sales |
Business Overview |
Lantronix, Inc. is a global provider of compute and connectivity Internet of Things (IoT) solutions that target industries, including smart cities, automotive and enterprise. It provides Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware, and turnkey solutions for the IoT and remote environment management. Its solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management for Cloud and Edge Computing. It organizes its portfolio of services and products into product lines: Embedded IoT Modules, IoT Systems Solutions, and Software and Engineering Services. Its SaaS platform provides single pane of glass management for remote environment management and IoT deployments. Its Percepxion is a Cloud IoT Edge Solutions platform. The Company has launched its FOX4 and Bolero 43 edge compute tracker telematics portals. |
Financial Overview |
For the six months ended 31 December 2023, Lantronix Inc revenues increased 11% to $70.1M. Net loss increased 5% to $4.5M. Revenues reflect IT Management segment increase of 42% to $42.1M, EMEA segment increase of 93% to $19.5M, Americas segment increase of 7% to $43.5M. Higher net loss reflects Fair value remeasurement of earnout cons decrease of 99% to $9K (income), Personnel-related expenses increase of 4% to $10.1M (expense). |
Employees: | 357 as of Aug 18, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $113.63M as of Dec 31, 2023 |
Annual revenue (TTM): | $137.96M as of Dec 31, 2023 |
EBITDA (TTM): | $2.10M as of Dec 31, 2023 |
Net annual income (TTM): | -$9.20M as of Dec 31, 2023 |
Free cash flow (TTM): | $19.81M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 37,476,826 as of Feb 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |