Lantronix Q1 revenue up 4% to $34.4M; acquires NetComm IoT assets for $6.5M

LANTRONIX INC

Q1 FY2025 revenue $34.4M (+4% YoY); GAAP EPS ($0.07), Non-GAAP EPS $0.06.
Q2 guidance: revenue $29-33M, Non-GAAP EPS $0.01-0.05; excludes acquisition contribution.
Acquires NetComm enterprise IoT portfolio from DZS subsidiary for $6.5M cash plus liabilities.
Deal expected to close in Q2 FY2025, accretive, adds 5G products and blue-chip customers.
NetComm portfolio expected to generate $6-7M revenue in CY2024.

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