Highest-materiality recent filing
Lantronix prices $30M common stock offering at $7.20/share; net proceeds ~$32.3M
Priced 4,791,667 shares (incl. full overallotment) at $7.20/share for gross ~$34.5M.
Lantronix enters $30M ATM equity offering agreement with Needham and Canaccord
Entered Sales Agreement with Needham & Company and Canaccord Genuity for at-the-market offering of up to $30M in common stock.
Lantronix Q3 FY2026: Revenue $30.2M, Non-GAAP EPS $0.04; Drone revenue outlook raised to $10M-$14M
Net revenue $30.2M; GAAP EPS ($0.03), Non-GAAP EPS $0.04.
Net revenue of $29.8 million for Q2 FY2026, with GAAP EPS of ($0.03) and non-GAAP EPS of $0.04.
Lantronix increases CFO Brent Stringham's base salary to $375,000
Effective January 1, 2026, CFO Brent Stringham's annual base salary raised to $375,000.
Lantronix annual meeting results: directors elected, auditor ratified, say-on-pay approved
Elected six directors; James Auker received 14,491,307 for and 6,595,599 against, the highest opposition.
Lantronix Q1 FY2026 revenue $29.8M, GAAP EPS ($0.04), Non-GAAP EPS $0.04; guides Q2 rev $28-32M
Net revenue $29.8M, GAAP EPS ($0.04), Non-GAAP EPS $0.04; results at high end of guidance range.
Lantronix reports Q4 FY2025 revenue $28.8M, non-GAAP EPS $0.01; guides Q1 rev $28.5-$30.5M
Q4 net revenue $28.8M; GAAP EPS ($0.07); non-GAAP EPS $0.01.
Lantronix enters $15M revolving credit facility with Silicon Valley Bank, maturing 2028
Revolving facility up to $15M, subject to borrowing base, to refinance prior debt and for working capital.
Lantronix appoints James C. Auker to board, expanding to six members
Board increased from 5 to 6; James C. Auker appointed effective July 8, 2025.
Lantronix enters cooperation agreement with Chain of Lakes; appoints James Auker to board
Agreement with Chain of Lakes Investment Fund, Haluk Bayraktar, and Emre Aciksoz dated June 24, 2025.
Lantronix appoints Dr. Sailesh Chittipeddi as independent director, expanding board to five
Board increased from four to five members; Chittipeddi appointed effective May 6, 2025.
Lantronix reports Q3 FY2025 revenue $28.5M, GAAP EPS ($0.10), Non-GAAP EPS $0.03; guides Q4 lower
Net revenue $28.5M (within $27M-$31M guidance); GAAP EPS ($0.10) vs ($0.01) year ago, Non-GAAP EPS $0.03 vs $0.11.
Lantronix promotes Hoff to CRO, Gurusamy to CPO; each gets $375K salary
Kurt Hoff promoted to Chief Revenue Officer effective Apr 1, 2025; base salary set at $375,000.
Lantronix VP of Engineering Eric Bass steps down as officer, remains employee
Eric Bass resigned as VP of Engineering and R&D effective February 7, 2025.
Lantronix Q2 FY2025 revenue $31.2M; GAAP EPS ($0.06), non-GAAP $0.04
Q2 net revenue $31.2M, near midpoint of guidance; GAAP EPS ($0.06) vs ($0.07) prior year.
Philip Brace resigns from Lantronix board to become CEO of Skyworks Solutions
Philip Brace resigned effective February 5, 2025, to join Skyworks Solutions as CEO; no disagreement with Lantronix.
Lantronix appoints Brent Stringham as CFO effective Jan 6, 2025
Brent Stringham, previously interim CFO and Chief Accounting Officer, named permanent CFO.
Lantronix Q1 revenue up 4% to $34.4M; acquires NetComm IoT assets for $6.5M
Q1 FY2025 revenue $34.4M (+4% YoY); GAAP EPS ($0.07), Non-GAAP EPS $0.06.
Lantronix stockholders approve 1.8M share increase to incentive plan; elect directors
Amendment to 2020 Incentive Plan approved; share pool increased by 1.8M to 7,149,047 shares.
Lantronix director Christa Steele will not stand for re-election at 2024 annual meeting
Christa Steele notified Lantronix on Sept 24, 2024, that she will not seek re-election at the 2024 annual meeting.
Lantronix CFO Jeremy Whitaker resigns; appoints Brent Stringham interim CFO
Jeremy Whitaker resigned as CFO effective Sept 13, 2024 to accept CFO role at a private company.
Lantronix reports record Q4 revenue $49.1M, Non-GAAP EPS $0.15, up 150% YoY
Q4 net revenue $49.1M, up 41% YoY; GAAP EPS $0.01 vs ($0.05) prior year.
Lantronix enters cooperation agreement with 180 Degree Capital; two new director nominees
Agreement dated Aug 9, 2024 nominates Narbeh Derhacobian and Kevin Palatnik to board at 2024 annual meeting.
Lantronix raises CFO salary to $351k, enters new change-in-control agreement
CFO Jeremy Whitaker base salary increased from $300k to $351k effective July 1, 2024.
Lantronix reports record Q3 revenue $41.2M (+25% YoY); guides Q4 rev $46.5M-$51.5M
Q3 revenue $41.2M, up 11% sequentially and 25% YoY; record for the company.
Lantronix VP Worldwide Sales Roger Holliday steps down Feb 29 for retirement
Roger Holliday will step down as VP, Worldwide Sales effective Feb 29, 2024 to facilitate retirement.
Lantronix reports record Q2 revenue of $37M, up 18% YoY; non-GAAP EPS doubles to $0.08
Net revenue $37.0M, record for Q2, up 12% sequentially and 18% year-over-year.
Lantronix appoints Christa Steele as independent director, board expands to six
Steele appointed effective Jan. 24, 2024; board size increased from five to six.
Lantronix appoints CEO Saleel Awsare to Board; grants inducement equity awards
Saleel Awsare appointed to Board effective Nov. 20, 2023; Board now has five directors, four independent.
On May 6, 2025, the board of directors (the “Board”) of Lantronix, Inc. (the "Company") approved an increase in the size of the Board from four to five members, and appointed Dr. Sailesh Chittipeddi as a non-employee director to fill the vacancy created by the increase in the size of the Board, effective as of May 6, 2025.
Effective April 1, 2025, Mr. Hoff was promoted to the position of Chief Revenue Officer.
Effective April 1, 2025, Mr. Gurusamy was promoted to the position of Chief Product and Strategy Officer.
announced that Eric Bass will step down from his position as Vice President of Engineering and Research & Development effective February 7, 2025.
On February 3, 2025, Philip Brace provided to the Board of Directors (the “Board”) of Lantronix, Inc. (the “Company”) notification of his resignation from the Board, effective as of February 5, 2025.
On January 4, 2025, the Board of Directors (the “Board”) of Lantronix, Inc. (the “Company”) appointed Brent Stringham as the Company’s Chief Financial Officer effective as of January 6, 2025.
On September 24, 2024, Christa Steele, a member of the Board of Directors (the “Board”) of Lantronix, Inc. (the “Company”), notified the Company of her decision not to stand for re-election at the Company’s 2024 annual meeting of stockholders (the “Annual Meeting”).
On September 10, 2024, Jeremy Whitaker informed Lantronix, Inc. (the “Company”) that he was resigning as the Company’s Chief Financial Officer effective September 13, 2024.
On September 14, 2024, the Company’s Board of Directors (the “Board”) appointed Brent Stringham as the Company’s Chief Accounting Officer and Chief Financial Officer.
Effective as of the date of the Agreement, Jason Cohenour and Phu Hoang have agreed not to stand for re-election at the 2024 Annual Meeting in order to ensure the Company’s compliance with the Agreement.
Effective as of the date of the Agreement, Jason Cohenour and Phu Hoang have agreed not to stand for re-election at the 2024 Annual Meeting in order to ensure the Company’s compliance with the Agreement.
On February 22, 2024, Roger Holliday and Lantronix, Inc. (the “Company”) agreed that Mr. Holliday will step down from his position as Vice President, Worldwide Sales, effective as of February 29, 2024 in order to facilitate his retirement.
Max materiality 0.80 · Median 0.55 · Most common event leadership