Business
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-YearFourth Quarter GAAP EPS of ($0.05) vs. $0.07 in the
About this update from Lantronix, Inc.
[{"type":"text","content":"Fourth Quarter Net Revenue of $34.9 Million, up 6 Percent Sequentially and down 3 Percent Year-Over-YearFourth 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 the Prior Year IRVINE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- 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 fourth quarter of fiscal 2023. Net revenue totaled $34.9 million, up 6 percent sequentially and down 3 percent year-over-year. GAAP EPS of ($0.05), compared to $0.07 in the prior year and ($0.08) in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.08 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. Conference Call and Webcast Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, September 7, 2023, to discuss its results for the fourth quarter of fiscal 2023 that ended June 30, 2023. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix Q4 FY 2023 call. The webcast will be available simultaneously via the investor relations section of the Company’s website. Investors can access a replay of the conference call starting at approximately 7:00 p.m. Pacific Time on September 7, 2023, at the Lantronix website. A telephonic replay will also be available through September 14, 2023, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) and entering passcode 9071929. About Lantronix Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions. Lantronix’s products and services dramatically simplify the cre...