LANTRONIX INC entered into Underwriting Agreement with Needham & Company, LLC and Canaccord Genuity LLC valued at approximately $32.3 million (effective 2026-05-29).
“On May 29, 2026, Lantronix, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Needham & Company, LLC and Canaccord Genuity LLC, as underwriters (together, the “Underwriters”), pursuant to which the Company agreed to sell, and the Underwriters agreed to purchase, 4,166,667 shares (the “Firm Shares”) of the Company’s common stock”
Material Agreements
LANTRONIX INC entered into Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC valued at up to $30,000,000 aggregate offering price of common stock (effective 2026-05-08).
“On May 8, 2026, Lantronix, Inc. (the "Company") entered into a Sales Agreement (the "Sales Agreement") with Needham & Company, LLC ("Needham") and Canaccord Genuity LLC ("Canaccord"), with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, par value $0.0001 per share (the "Common Stock"), having an aggregate offering price of up to $30,000,000 (the "Shares"), through either of Needham and Canaccord, each as its sales agent (together, the "Sales Agents").”
Earnings Releases
LANTRONIX INC reported Q4 FY2026 results: revenue $29.0 million to $33.0 million, or $31.0 million at the midpoint, EPS $0.03 to $0.05. Guidance initiated.
“Q4 FY2026 Financial Outlook · Revenue: $29.0 million to $33.0 million, or $31.0 million at the midpoint · Non-GAAP EPS: $0.03 to $0.05”
Earnings Releases
LANTRONIX INC updated its FY26 guidance (raised).
“Increases FY26 Drone Revenue Expectation to a range of $10 Million–$14 Million”
Earnings Releases
LANTRONIX INC reported fiscal third quarter ended March 31, 2026 results: revenue $30.2 million, EPS $0.04.
“--- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 lantronix_ex9901.htm PRESS RELEASE Exhibit 99.1 Lantronix Reports Fiscal Third-Quarter 2026 Financial Results · Net Revenue of $30.2 Million · GAAP EPS of ($0.03) · Non-GAAP EPS of $0.04 · Increases FY26 Drone Revenue Expectation to a range of $10 Million–$14 Million, driven by strong momentum across UAS ecosystem”
Earnings Releases
LANTRONIX INC reported third fiscal quarter ended March 31, 2026 results: revenue $30.2 million, EPS ($0.03).
“Lantronix Reports Fiscal Third-Quarter 2026 Financial Results · Net Revenue of $30.2 Million · GAAP EPS of ($0.03) · Non-GAAP EPS of $0.04”
Dr. Sailesh Chittipeddi was appointed as Director at LANTRONIX INC.
“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.”
Mathi Gurusamy changed role as Chief Product and Strategy Officer at LANTRONIX INC.
“Effective April 1, 2025, Mr. Gurusamy was promoted to the position of Chief Product and Strategy Officer.”
Kurt Hoff changed role as Chief Revenue Officer at LANTRONIX INC.
“Effective April 1, 2025, Mr. Hoff was promoted to the position of Chief Revenue Officer.”
Eric Bass departed as Vice President of Engineering and Research & Development at LANTRONIX INC.
“announced that Eric Bass will step down from his position as Vice President of Engineering and Research & Development effective February 7, 2025.”
Philip Brace resigned as Director at LANTRONIX INC.
“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.”
Brent Stringham was appointed as Chief Financial Officer at LANTRONIX INC.
“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.”
Christa Steele departed as Director at LANTRONIX INC.
“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”).”
Brent Stringham was appointed as Chief Accounting Officer and Chief Financial Officer at LANTRONIX INC.
“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.”
Jeremy Whitaker resigned as Chief Financial Officer at LANTRONIX INC.
“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.”
Phu Hoang departed as Director at LANTRONIX INC.
“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.”
Jason Cohenour departed as Director at LANTRONIX INC.
“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.”
Earnings Releases
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.
“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”
Roger Holliday departed as Vice President, Worldwide Sales at LANTRONIX INC.
“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.”
Earnings Releases
LANTRONIX INC reported second quarter of fiscal 2024 results: revenue $37.0 million, EPS ($0.07). Guidance initiated.
“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.”
Christa Steele was appointed as Director at LANTRONIX INC.
“On January 23, 2024, the board of directors (the “Board”) of Lantronix, Inc. (the “Company”) approved an increase in the size of the Board from five to six members, and appointed Christa Steele as a non-employee director to fill the vacancy created by the increase in the size of the Board, effective as of January 24, 2024.”
Saleel Awsare was appointed as Director at LANTRONIX INC.
“The board of directors (the “Board”) of Lantronix, Inc. (the “Company”) has appointed Saleel Awsare, the President and Chief Executive Officer of the Company, as a member of the Board effective as of November 20, 2023”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.