LANTRONIX Reports Fiscal Year 2023 Q4 Earnings Results on June 30, 2023
September 13, 2023
🌥️Earnings Overview
LANTRONIX ($NASDAQ:LTRX) reported its fiscal year 2023 Q4 earnings results on June 30 2023. The total revenue for the quarter was USD 34.9 million, a decrease of 2.8% from the same quarter in the previous year. The company reported a net income of -1.6 million in this quarter, compared to net income of USD 2.5 million in the same quarter of the prior year.
Stock Price
The company’s stock opened that day at $4.0 and closed at the same price, up by 1.3% from the prior closing rate of 4.0. This was driven largely by gains in the company’s remote management solutions segment. Overall, the company’s impressive performance in the fourth quarter has set the stage for a successful financial year ahead. With increasing demand for its products and services, LANTRONIX is expected to continue to expand its market presence and grow its profits. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lantronix. LANTRONIX_Reports_Fiscal_Year_2023_Q4_Earnings_Results_on_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 131.19 | -8.98 | -6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lantronix. LANTRONIX_Reports_Fiscal_Year_2023_Q4_Earnings_Results_on_June_30_2023″>More…
| Operations | Investing | Financing |
| -4.31 | -25.75 | 42.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lantronix. LANTRONIX_Reports_Fiscal_Year_2023_Q4_Earnings_Results_on_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 151.62 | 74.07 | 2.12 |
Key Ratios Snapshot
Some of the financial key ratios for Lantronix are shown below. LANTRONIX_Reports_Fiscal_Year_2023_Q4_Earnings_Results_on_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.9% | – | -5.1% |
| FCF Margin | ROE | ROA |
| -5.8% | -5.4% | -2.8% |
Analysis
At GoodWhale, we recently conducted an analysis of LANTRONIX‘s wellbeing. Our Star Chart shows that while LANTRONIX is strong in asset, growth, and profitability, it is weak in dividend. Additionally, its health score is 5/10, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. We’ve classified LANTRONIX as a ‘cheetah’, which is 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 investors seeking short-term and high-risk, high-reward investments. Alternatively, investors who are interested in long-term stability and growth may also be attracted to the potential that LANTRONIX presents. In either case, LANTRONIX’s relatively strong performance in terms of assets, growth, and profitability suggest that it may be an attractive option for investors. More…
Peers
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 ($NASDAQ:INVE)
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 Corp ($SZSE:000063)
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.
Summary
Investors may want to take a closer look at LANTRONIX after the company reported their fiscal year 2023 Q4 earnings results. Total revenue was reported at USD 34.9 million, which is a 2.8% decrease from the same quarter the previous year. Net income for this quarter was USD -1.6 million, showing a drastic decrease from the prior year’s net income of USD 2.5 million. While this might be concerning to potential investors, more research into the company’s performance should be undertaken to fully understand their current and future prospects before investing.
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