LTRX
Lantronix, Inc.5.82
-0.12-2.02%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Drones accelerate to 15-20% FY2027 mix
Q&A amplified drone momentum beyond prepared remarks, with management detailing a Q2 revenue bump over Q1, quarterly ramps ahead, and FY2027 drones eyeing 15-20% of total revenue ($20-30 million implied). They highlighted positioning in the Drone Dominance program—working with many of 25 vendors for up to 300,000 units—and ASPs rising from $400-500 via turnkey kits. IoT systems dipped sequentially from fed seasonality and nearing MNO rollout end, but shutdown impact was offset. Memory shortages pose no short-term threat. M&A targets subsystems and software for higher margins, ARR. OpEx to hold near $12 million quarterly. Drones scale fast. Investors will track execution amid supply and M&A.
Key Stats
Market Cap
229.07MP/E (TTM)
-Basic EPS (TTM)
-0.26Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Lantronix revenue dipped 4.5% y/y to $29.8M in Q2 FY2026 ended December 31, 2025, yet narrowed operating loss to $1.1M from $2.2M and net loss to $0.03/share from $0.06 on 39.5M diluted shares—EPS reconciles precisely. Embedded IoT surged 28.6% y/y to offset 28.6% IoT Systems drop sans Gridspertise shipments, lifting gross margin to 43.6% from 42.6%; opex fell on lower amortization and R&D staffing post-restructuring. Cash climbed to $23.0M with $5.8M operating cash (derived), $166K capex yielding positive FCF; SVB revolver holds $9.7M long-term debt (Prime+0-0.5%, matures 2028) with $1.4M availability and covenants met. Americas drove 69% revenue. Customer concentration risks loom large.
8-K
Q2 revenue $29.8M; drones outlook raised
Lantronix reported Q2 FY2026 net revenue of $29.8 million, GAAP EPS of ($0.03), and non-GAAP EPS of $0.04. Drone momentum surged, prompting a raised FY26 drone revenue outlook to $8-$12 million from $5-$10 million. Edge AI wins deepened across defense and public safety. Q3 guides $28.5-$32.5 million revenue, non-GAAP EPS $0.03-$0.06. Drones scale fast.
8-K
CFO salary raised to $375K
10-Q
Q1 FY2026 results
Lantronix posted Q1 FY2026 revenue of $29.8M, down 13.4% y/y from $34.4M yet gross margin expanded to 44.8% from 42.1% on favorable product mix and lower logistics costs. Operating loss narrowed to $1.5M from $2.1M, driven by lower R&D and restructuring charges; net loss improved to $1.4M or $(0.04) per share (39.2M diluted shares) from $2.5M or $(0.07) (38.0M shares). Cash jumped to $22.2M with $3.6M operating cash flow; free cash flow not disclosed in the 10-Q. Debt fell to $10.7M under new SVB revolver ($15M capacity, $1.9M available, matures 2028) with minimum liquidity covenant met. Americas revenue surged 18.5% y/y to 69% of total, offsetting EMEA/APJ drops. Supply constraints remain a key risk.
8-K
Annual meeting results
Lantronix stockholders at the November 4, 2025 Annual Meeting elected six directors—James Auker, Saleel Awsare, Sailesh Chittipeddi, Narbeh Derhacobian, Kevin Palatnik, and Hoshi Printer—to serve until 2026. They ratified Baker Tilly US as auditors for fiscal 2026, approved executive pay on an advisory basis, and favored annual votes. All proposals passed decisively. Board continuity intact.
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