Lantronix Inc (OQ:LTRX)

Business Focus: Communications & Networking

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
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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

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