Lantronix, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 08, 2024 at 04:45 pm EST
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Lantronix, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 37.04 million compared to USD 31.51 million a year ago. Net loss was USD 2.59 million compared to USD 2.61 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.07 a year ago.
For the six months, sales was USD 70.07 million compared to USD 63.3 million a year ago. Net loss was USD 4.48 million compared to USD 4.26 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.12 a year ago.
Lantronix, Inc. is a global provider of compute and connectivity Internet of Things (IoT) solutions that target industries, including smart cities, automotive and enterprise. It provides Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware, and turnkey solutions for the IoT and remote environment management. Its solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management for Cloud and Edge Computing. It organizes its portfolio of services and products into product lines: Embedded IoT Modules, IoT Systems Solutions, and Software and Engineering Services. Its SaaS platform provides single pane of glass management for remote environment management and IoT deployments. Its Percepxion is a Cloud IoT Edge Solutions platform. The Company has launched its FOX4 and Bolero 43 edge compute tracker telematics portals.
LANTRONIX, INC. 
