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”
Earnings Releases
LANTRONIX INC reported first quarter of fiscal 2024 results: revenue $33.0 million, net income GAAP EPS of ($0.05), EPS Non-GAAP EPS of $0.07. Guidance reaffirmed.
“Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today reported results for its first quarter of fiscal 2024. Net revenue totaled $33.0 million, down 5 percent sequentially and up 4 percent year-over-year. GAAP EPS of ($0.05), compared to ($0.05) in the prior year and ($0.05) in the prior quarter. Non-GAAP EPS of $0.07, compared to $0.07 in the prior year and $0.06 in the prior quarter. Business Outlook For fiscal year 2024, the company continues to expect revenue in a range of $175 million to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.”
Shareholder Votes
LANTRONIX INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-11-07 meeting.
“Advisory Compensation Vote For Against Abstain Broker Non-Votes 16,520,449 2,335,810 76,888 8,477,414”
Shareholder Votes
LANTRONIX INC shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accountants for fiscal year ending June 30, 2024 at the 2023-11-07 meeting.
“Auditor Ratification For Against Abstain 27,118,702 274,891 16,968”
Shareholder Votes
LANTRONIX INC shareholders approved Election of Directors at the 2023-11-07 meeting.
Saleel Awsare was appointed as President and Chief Executive Officer at LANTRONIX INC.
“On November 6, 2023, Lantronix, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has appointed Saleel Awsare to serve as the Company’s President and Chief Executive Officer effective as of November 20, 2023 (the “Employment Commencement Date”).”
Earnings Releases
LANTRONIX INC reported its fourth fiscal quarter ended June 30, 2023 results: revenue $34.9 million, EPS GAAP EPS of ($0.05). Guidance reaffirmed.
“(PRESS RELEASE) --- EX-99.1 2 lantronix_ex9901.htm PRESS RELEASE Exhibit 99.1 Lantronix Reports Results for Fourth Quarter of Fiscal 2023 · Fourth Quarter Net Revenue of $34.9 Million, up 6 Percent Sequentially and down 3 Percent Year-over-Year · Fourth Quarter GAAP EPS of ($0.05) vs. $0.07 in the Prior Year · Fourth Quarter Non-GAAP EPS of $0.06 vs. $0.08 in”
Philip G. Brace was appointed as non-employee director at LANTRONIX INC.
“appointed Philip G. Brace as a non-employee director to fill the vacancy created by the increase in the size of the Board, with such appointment effective as of August 8, 2023.”
Jeremy Whitaker was appointed as interim Chief Executive Officer at LANTRONIX INC.
“has appointed Jeremy Whitaker to serve as interim Chief Executive Officer”
Paul Pickle resigned as President and Chief Executive Officer at LANTRONIX INC.
“Mr. Pickle’s final day with the Company was June 29, 2023.”
Jeremy Whitaker was appointed as Interim Chief Executive Officer at LANTRONIX INC.
“the Company announced that, if a new Chief Executive Officer has not been appointed by Mr. Pickle’s last day with the Company, Jeremy Whitaker, age 53, will serve as interim Chief Executive Officer of the Company until the appointment of a new permanent Chief Executive Officer.”
Paul Pickle departed as President and Chief Executive Officer at LANTRONIX INC.
“On May 25, 2023, Paul Pickle informed the Board of Directors (the “Board”) of Lantronix, Inc. (the “Company”) that he will be resigning from his roles as President and Chief Executive Officer of the Company and as a member of the Board”
Earnings Releases
LANTRONIX INC reported third fiscal quarter ended March 31, 2023 results: revenue $33.0 million, EPS ($0.08). Guidance initiated.
“Net revenue totaled $33.0 million, up five percent sequentially and two percent year over year. GAAP EPS of ($0.08), compared to ($0.09) in the prior year and ($0.07) in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.08 in the prior year and $0.04 in the prior quarter.”
Material Agreements
LANTRONIX INC amended Letter Agreement with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank)) (effective 2023-04-03).
“On April 3, 2023, Lantronix, Inc. ( “Lantronix”), Lantronix Holding Company, Lantronix Technologies Canada (Taiwan) Ltd., Lantronix Canada, ULC, Transition Networks, Inc., and Uplogix, Inc. (collectively, the “Borrowers”) entered into a Letter Agreement (the “Letter Agreement”) with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank)) (“SVB”). Among other matters, the Letter Agreement amends that certain Third Amended and Restated Loan and Security Agreement, dated as of August 2, 2021, as amended by the First Amendment to Third Amended and Restated Loan and Security Agreement, dated as of October 21, 2021, the Second Amendment to Third Amended and Restated Loan and Security Agreement, dated as of February 15, 2022, and the Third Amendment to Third Amended and Restated Loan and Security Agreement, dated as of Septe”
Earnings Releases
LANTRONIX INC reported full year fiscal 2023 results: revenue $135 to $145 million, EPS $0.27 to $0.33 per share. Guidance initiated.
“Business Outlook The company currently expects full year fiscal 2023 revenues in a range of $135 to $145 million, up 4 percent to 12 percent year-over-year, and non-GAAP EPS in a range of $0.27 to $0.33 per share, flat to down 22 percent year-over-year.”
Earnings Releases
LANTRONIX INC reported second fiscal quarter ended December 31, 2022 results: revenue $31.5 million, EPS ($0.07).
“Net revenue totaled $31.5 million, down 6 percent year-over-year and down 1 percent sequentially. GAAP EPS of ($0.07), compared to ($0.08) in the prior year and ($0.05) in the prior quarter.”
Earnings Releases
LANTRONIX INC reported fiscal year 2023 results: revenue $135 million to $145 million.
“For fiscal year 2023, the company now expects revenue of $135 million to $145 million, up approximately 4 percent to 12 percent year over year.”
Earnings Releases
LANTRONIX INC reported second quarter of fiscal 2023 ended December 31, 2022 results: revenue between $31 million and $32 million.
“The company currently expects to report second quarter 2023 revenue between $31 million and $32 million.”
Fathi Hakam departed as Vice President of Engineering at LANTRONIX INC.
“On January 20, 2023, Lantronix, Inc. (the “Company”) and Fathi Hakam, Vice President of Engineering, agreed that Mr. Hakam will step down from his position as Vice President of Engineering, effective immediately.”
Shareholder Votes
LANTRONIX INC shareholders approved Approval of amendments to the Incentive Plan, including to increase number of shares reserved by 1,800,000 at the 2022-11-08 meeting.
“Incentive Plan Approval For Against Abstain Broker Non-Votes 19,137,212 484,783 178,432 5,563,580”
Shareholder Votes
LANTRONIX INC shareholders approved Advisory vote to approve compensation of named executive officers at the 2022-11-08 meeting.
“Advisory Compensation Vote For Against Abstain Broker Non-Votes 19,507,091 84,159 209,177 5,563,580”
Shareholder Votes
LANTRONIX INC shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accountants for fiscal year ending June 30, 2023 at the 2022-11-08 meeting.
“Auditor Ratification For Against Abstain 25,217,472 19,370 127,165”
Shareholder Votes
LANTRONIX INC shareholders approved Election of six nominees to the Board of Directors: Paul Pickle, Jason Cohenour, Paul F. Folino, Phu Hoang, Heidi Nguyen, Hoshi Printer at the 2022-11-08 meeting.
“Set forth below are the final voting tallies for the Annual Meeting: Election of Directors For Against Abstain Broker Non-Votes Paul Pickle 19,717,122 74,828 8,477 5,563,580 Jason Cohenour 19,526,506 265,465 8,456 5,563,580 Paul F. Folino 19,629,464 162,307 8,656 5,563,580 Phu Hoang 19,734,889 56,595 8,943 5,563,580 Heidi Nguyen 19,590,746 201,303 8,378 5,563,580 Hoshi Printer 19,648,224 144,726 7,477 5,563,580”
Earnings Releases
LANTRONIX INC reported first quarter of fiscal 2023 results: revenue $31.8 million, EPS ($0.05). Guidance raised.
“Net revenue totaled $31.8 million, up 15 percent year-over-year and down 12 percent sequentially. GAAP EPS of ($0.05), compared to ($0.08) in the prior year and $0.07 in the prior quarter.”
Margaret A. Evashenk departed as Director at LANTRONIX INC.
“On September 13, 2022, Margaret A. Evashenk, 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 2022 annual meeting of stockholders (the “Annual Meeting”).”
Bernhard Bruscha departed as Director at LANTRONIX INC.
“On September 13, 2021, Mr. Bernhard Bruscha notified Lantronix, Inc. (the “Company”) of his decision not to stand for re-election at the Company’s 2021 annual meeting of stockholders (the “Annual Meeting”).”
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.