Lantronix reports record Q2 revenue of $37M, up 18% YoY; non-GAAP EPS doubles to $0.08

LANTRONIX INC

2024-Q2 EPS reported -$0.12 revenue$70,069,000

Net revenue $37.0M, record for Q2, up 12% sequentially and 18% year-over-year.
GAAP EPS ($0.07) unchanged from prior year; non-GAAP EPS $0.08 vs $0.04 in prior year.
Q3 FY2024 guidance: revenue $38M-$42M, non-GAAP EPS $0.09-$0.13 per share.
FY2024 outlook: revenue $155M-$165M, non-GAAP EPS $0.35-$0.45 per share.

item 2.02 item 7.01 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 second quarter of fiscal 2024 results: revenue $37.0 million, EPS ($0.07). Guidance initiated.

Period: second quarter of fiscal 2024
Revenue: $37.0 million
EPS: ($0.07)
Guidance: initiated
Result: reported results

Exact text from the filing

Net revenue totaled $37.0 million, up 12 percent sequentially and up 18 percent year-over-year. GAAP EPS of ($0.07), compared to ($0.07) in the prior year and ($0.05) in the prior quarter.

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Source: SEC EDGAR

accession 0001683168-24-000783

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