Lantronix Q1 FY2024 revenue $33M, flat EPS YoY; FY2024 outlook reaffirmed

LANTRONIX INC

2024-Q1 EPS reported -$0.05 revenue$33,031,000

Net revenue $33.0M, down 5% sequentially, up 4% YoY.
GAAP EPS ($0.05) and non-GAAP EPS $0.07, both flat vs prior year.
FY2024 guidance unchanged: revenue $175M-$185M, non-GAAP EPS $0.50-$0.60.
Sequential revenue decline driven by typical seasonality; YoY growth continues.

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 2024 results: revenue $33.0 million, net income GAAP EPS of ($0.05), EPS Non-GAAP EPS of $0.07. Guidance reaffirmed.

Period: first quarter of fiscal 2024
Revenue: $33.0 million
Net income: GAAP EPS of ($0.05)
EPS: Non-GAAP EPS of $0.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its first quarter of fiscal 2024. Net revenue totaled $33.0 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS of ($0.05), compared to ($0.05) in the prior year and ($0.05) in the prior quarter. Non-GAAP EPS of $0.07, compared to $0.07 in the prior year and $0.06 in the prior quarter. Business Outlook For fiscal year 2024, the company continues to expect revenue in a range of $175 million to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.

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accession 0001683168-23-007732

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