Lantronix reports record Q3 revenue $41.2M (+25% YoY); guides Q4 rev $46.5M-$51.5M

LANTRONIX INC

2024-Q3 EPS reported -$0.13 revenue$111,252,000

Q3 revenue $41.2M, up 11% sequentially and 25% YoY; record for the company.
GAAP EPS ($0.01) vs ($0.08) in prior year; non-GAAP EPS $0.11 vs $0.06.
Q4 FY2024 guidance: revenue $46.5M-$51.5M, non-GAAP EPS $0.12-$0.18.
Non-GAAP EPS improved sequentially from $0.08 to $0.11.
CEO Saleel Awsare highlighted compute and connectivity IoT solutions demand.

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 third quarter of fiscal 2024 ended March 31, 2024 results: revenue $41.2 million, EPS ($0.01) GAAP; $0.11 Non-GAAP. Guidance initiated.

Period: third quarter of fiscal 2024 ended March 31, 2024
Revenue: $41.2 million
EPS: ($0.01) GAAP; $0.11 Non-GAAP
Guidance: initiated
Result: reported results

Exact text from the filing

Lantronix Reports Record Revenue for Third Quarter of Fiscal 2024 · Third Quarter Net Revenue of $41.2 Million, up 11 Percent Sequentially and up 25 Percent Year-Over-Year · Third Quarter GAAP EPS of ($0.01) vs. ($0.08) in the Prior Year · Third Quarter Non-GAAP EPS of $0.11 vs. $0.06 in the Prior Year

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Source: SEC EDGAR

accession 0001683168-24-002820

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