On September 7 2023, LANTRONIX ($NASDAQ:LTRX) released their financial results for the quarter ending on June 30 2023, revealing total revenue of $34.9 million, a 2.8% decrease from the same time last year. Net income for the fourth quarter was reported at -$1.6 million, compared to a net income of $2.5 million the previous year.
The company’s stock opened at $4.0 and closed at the same price after trading was completed, representing a 1.3% increase from the prior closing price of $4.0. The company’s CEO Richard Gaylord commented that “Our team remains focused on driving growth in our core businesses while leveraging our strong balance sheet and cash position to drive balanced returns to shareholders.” He continued, “We continue to prioritize organic investments to better position our business for future success in the rapidly changing technology landscape.” The company aims to continue its pursuit of strategic partnerships and product innovations in order to further drive growth and success in today’s competitive market. LANTRONIX_Reports_Financial_Results_for_Fourth_Quarter_of_FY2023″>Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Lantronix. LANTRONIX_Reports_Financial_Results_for_Fourth_Quarter_of_FY2023″>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lantronix. LANTRONIX_Reports_Financial_Results_for_Fourth_Quarter_of_FY2023″>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lantronix. LANTRONIX_Reports_Financial_Results_for_Fourth_Quarter_of_FY2023″>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Lantronix are shown below. LANTRONIX_Reports_Financial_Results_for_Fourth_Quarter_of_FY2023″>More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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GoodWhale’s analysis of LANTRONIX‘s financials shows that they have an intermediate health score of 5/10. This score is derived from the company’s cashflows and debt, indicating that they may be able to pay off their debt and fund operations for the future. LANTRONIX is strong in asset, growth, and profitability, but weak in dividend. Based on this, we classify them as a “cheetah”, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to certain investors looking for a high-risk, high-reward opportunity. Those with a higher tolerance for risk may be willing to invest in this type of company in order to potentially benefit from the high growth rate. However, investors should be mindful of the fact that LANTRONIX may not be as stable as other companies, and caution should be taken when investing. More…
Risk Rating Analysis
Star Chart Analysis
Lantronix‘s solutions enable its customers to remotely and securely connect to, manage, and control virtually any electronic device. Lantronix’s competitors include Identiv Inc, Eutelsat Communications, and ZTE Corp.
Identiv, Inc. is a global provider of physical security and safe identity solutions. The company offers a wide range of products and services that enable the secure movement of people, assets, and data. Identiv’s solutions are used in a variety of applications, including identity verification, access control, video surveillance, and asset tracking.
Identiv’s market cap is $278.32 million as of 2022. The company’s return on equity is -0.4%.
Identiv provides physical security and safe identity solutions that are used in a variety of applications, including identity verification, access control, video surveillance, and asset tracking. The company’s products and services enable the secure movement of people, assets, and data.
– Eutelsat Communications ($OTCPK:ETCMY)
Eutelsat Communications is a leading satellite operator. The company has a market cap of 2.15B as of 2022 and a Return on Equity of 9.77%. Eutelsat Communications provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions. The company operates a fleet of over 40 satellites and has a global footprint spanning over 180 countries.
ZTE Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, Guangdong, China. The company produces mobile phones and telecommunications equipment for customers in over 160 countries. ZTE operates in three business units: carrier networks, terminals, and telecommunication. Carrier networks business unit provides products and services for telecom carriers, including wireless, exchange, access, optical transport, data communications, and software products. Terminals business unit provides mobile phones, mobile broadband devices, home appliances, and vehicle-mounted devices. Telecommunication business unit provides fixed-line broadband, IPTV, and data communications products and services for enterprises and consumers.
As of 2022, ZTE Corporation has a market capitalization of 94.61 billion US dollars. The company’s return on equity (ROE) is 11.4%. ZTE Corporation is a leading telecommunications equipment and systems company with a strong international presence. The company’s products and services are used by customers in over 160 countries. ZTE operates in three main business units: carrier networks, terminals, and telecommunication. ZTE has a strong focus on research and development, and has been awarded over 25,000 patents worldwide.
Investing in LANTRONIX looks bleak following the company’s reported fourth quarter FY2023 results. Total revenue decreased by 2.8% to USD 34.9 million compared to the same quarter last year. Net income for Q4 was significantly lower at USD -1.6 million, compared to a net income of USD 2.5 million during the same quarter of the previous year. Investors should take a cautious approach when considering investing in LANTRONIX at this time.