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LTRX - Lantronix, Inc.

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Lantronix, Inc.

LTRX

NASDAQ

Lantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; IoT Compute, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management. It also offers network switches, media converters, power over ethernet, NICS and optical SFPs, system on modules, single board computers, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development, as well as xPrintServer. In addition, the company's REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that offers remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms. Further, its SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login. Lantronix, Inc. was founded in 1989 and is headquartered in Irvine, California.

2.71 USD

0.11 (4.06%)

LTRX Financial Statements

Year

2024

2023

2022

2021

Total Revenue

160.33M

131.19M

129.66M

71.48M

Cost of Revenue

95.97M

74.92M

74.07M

38.45M

Gross Profit

64.35M

56.26M

55.59M

33.02M

Operating Expenses

67.22M

62.38M

57.81M

35.02M

Research and Development

20.28M

19.63M

17.69M

11.11M

Selling, General & Administrative Expenses

38.81M

36.95M

34.53M

20.81M

Selling & Marketing Expenses

2.35M

2.14M

1.89M

712k

General & Administrative Expenses

36.47M

33.79M

32.64M

20.1M

Other Expenses

8.12M

-73k

5.59M

3.09M

Operating Income

-2.86M

-6.67M

-2.17M

-643k

Total Other Income/Expenses Net

-909k

-1.56M

-2.18M

-512k

Income Before Tax

-3.77M

-8.23M

-7.19M

-3.85M

Income Tax

745k

748k

-1.83M

195k

Net Income

-4.52M

-8.98M

-5.36M

-4.04M

Basic EPS

-0.12

-0.25

-0.16

-0.14

EPS Diluted

-0.12

-0.25

-0.16

-0.14

Basic Average Shares

37.39M

36.26M

32.67M

28.71M

Diluted Average Shares

37.39M

36.26M

32.67M

28.71M

EBITDA

4.62M

792k

896k

377k

Retained Earning Schedule

Year

2024

2023

2022

2021

Retained Earnings (Previous Year)

-218.5M

-209.53M

-204.16M

-200.12M

Net Income

-4.52M

-8.98M

-5.36M

-4.04M

Stock Repurchases

0

0

0

0

Dividend Paid

0

0

0

0

Retained Earnings

-223.02M

-218.5M

-209.53M

-204.16M

Other Distributions

-4.52M

-8.98M

-5.36M

-4.04M

PPE Schedule

Year

2024

2023

2022

2021

Gross PPE

13.58M

16.21M

11.69M

4.01M

Annual Depreciation

7.48M

7.54M

6.62M

3.91M

Capital Expenditure

-1.48M

-2.67M

-2.12M

-783k

Net PPE

7.58M

11.35M

7.19M

880k

Intangible and Goodwill Schedule

Year

2024

2023

2022

2021

Acquisitions and Adjustments

0

7.06M

4.96M

0

Goodwill (Previous Year)

27.82M

20.77M

15.81M

15.81M

Goodwill

27.82M

27.82M

20.77M

15.81M

All figures are in USD.

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