Lantronix, Inc.
5.0000-0.11 (-2.15%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · LTRX · USD
Key Stats
Market Cap
196.36MP/E (TTM)
-Basic EPS (TTM)
-0.29Dividend Yield
0%Recent Filings
10-K
FY2025 results
Lantronix's FY2025 revenue fell 23.3% y/y to $122.9M, driven by a sharp 34.2% drop in IoT System Solutions after a major European smart energy project wound down, though Embedded IoT Solutions held steady at $46.4M and APJ sales grew 21.0%. Gross margins expanded to 42.1% from 40.1% on favorable mix and lower overhead, but the net loss widened to $11.4M from $4.5M amid restructuring charges and acquisition costs for Netcomm. Q4 showed sequential stabilization with no further deterioration from Q3, hinting at momentum in gateways and telematics. Cash flow from operations dropped to $7.3M, supporting $6.5M for the Netcomm buy; debt stands at manageable levels with $20.1M in cash. No FY2026 guidance disclosed. Yet customer concentration risks loom large.
8-K
Q4 revenue $28.8M, EPS $0.01
Lantronix reported fiscal Q4 2025 net revenue of $28.8 million, down from $49.1 million a year ago due to lost Gridspertise volume, yet non-GAAP EPS hit $0.01 amid cost cuts and restructuring. Key wins include a multi-year U.S. carrier deal for backup power management and Teal Drones shipments for Army programs, signaling Edge IoT momentum. Q1 FY2026 guidance projects $28.5-$30.5 million revenue. Supply chain shifts cut tariff risks, but economic headwinds loom.
8-K
Lantronix refinances $15M revolver
Lantronix secured a $15M revolving credit facility from Silicon Valley Bank on August 15, 2025, refinancing prior obligations while extending maturity to August 1, 2028. Interest floats at the greater of 5% or Prime plus 0-0.5% based on liquidity, supporting working capital amid tight covenants like $5M minimum liquidity. Yet covenants bind tight.
8-K
Lantronix appoints new board director
Lantronix expanded its board from five to six members on July 7, 2025, appointing James C. Auker as a non-employee director effective July 8, fulfilling a June 24 cooperation agreement with Chain of Lakes Investment Fund and affiliates. Auker, deemed independent and financially literate under Nasdaq and SEC rules, receives standard non-employee compensation including 10,387 RSUs vesting November 5, 2025. This addition bolsters governance without related party ties.
8-K
Lantronix board expands amid investor pact
Lantronix inked a cooperation agreement on June 24, 2025, with Chain of Lakes Investment Fund and affiliates, averting a proxy fight over board control and a potential sale push. The deal expands the board from five to six seats, appointing James C. Auker promptly and nominating him for the 2025 annual meeting. Lantronix commits to hiring an investment bank within 60 days to evaluate strategic options like sales or acquisitions, yet no transaction is required. Shareholders gain voting alignment but face standstill curbs until mid-2026.
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