Lantronix Q1 FY2023 revenue $31.8M (+15% YoY); raises FY2023 guidance to $155-$165M

LANTRONIX INC

2023-Q1 EPS reported -$0.05 revenue$31,795,000

Net revenue $31.8M, up 15% YoY; GAAP EPS ($0.05) vs ($0.08) prior year.
Non-GAAP EPS $0.07 vs $0.08 prior year and $0.08 prior quarter.
Raises FY2023 revenue guidance to $155-$165M (20-27% YoY growth).
Raises FY2023 non-GAAP EPS guidance to $0.41-$0.46 (24-39% YoY growth).
Guidance raise reflects recent acquisition contribution.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LANTRONIX INC reported first quarter of fiscal 2023 results: revenue $31.8 million, EPS ($0.05). Guidance raised.

Period: first quarter of fiscal 2023
Revenue: $31.8 million
EPS: ($0.05)
Guidance: raised
Result: reported results

Exact text from the filing

Net revenue totaled $31.8 million, up 15 percent year-over-year and down 12 percent sequentially. GAAP EPS of ($0.05), compared to ($0.08) in the prior year and $0.07 in the prior quarter.

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Source: SEC EDGAR

accession 0001683168-22-007445

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