---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-000419"
form_type: "8-K"
ticker: "LTRX"
cik: "0001114925"
company_name: "LANTRONIX INC"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:58:45.759847+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lantronix announces record $40M Gridspertise contract, updates FY2023 guidance

## Summary
- Record $40M contract with Gridspertise for Quantum Edge units; largest in Lantronix history.
- Preliminary Q2 FY2023 revenue expected between $31M and $32M.
- FY2023 revenue guidance revised to $135-145M (4-12% YoY growth); contract revenue now expected in FY2024.
- Customer-requested design change increased dollar content but delayed pilot production; shipments start Q1 FY2024.
- Backlog near record levels; management expects return to growth in H2 FY2023.

## SEC filing metadata
- accession: 0001683168-23-000419
- form_type: 8-K
- ticker: LTRX
- cik: 0001114925
- company_name: LANTRONIX INC
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114925/000168316823000419/0001683168-23-000419-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114925/000168316823000419/lantronix_i8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-000419
- JSON: https://secwatch.observer/filing/0001683168-23-000419.json
- Plain text: https://secwatch.observer/filing/0001683168-23-000419.txt

## Key facts
- Earnings Releases
  LANTRONIX INC reported second quarter of fiscal 2023 ended December 31, 2022 results: revenue between $31 million and $32 million.
  - Period: second quarter of fiscal 2023 ended December 31, 2022
  - Revenue: between $31 million and $32 million
  - Result: preliminary results
  source text: The company currently expects to report second quarter 2023 revenue between $31 million and $32 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114925/000168316823000419/0001683168-23-000419-index.htm
- Earnings Releases
  LANTRONIX INC reported fiscal year 2023 results: revenue $135 million to $145 million.
  - Period: fiscal year 2023
  - Revenue: $135 million to $145 million
  - Result: guidance update
  source text: For fiscal year 2023, the company now expects revenue of $135 million to $145 million, up approximately 4 percent to 12 percent year over year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114925/000168316823000419/0001683168-23-000419-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.