Lantronix Reports Lower-than-Expected Non-GAAP EPS and Revenue

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Unfortunately, the results fell short of expectations, with non-GAAP EPS of $0.06 compared to the expected $0.07 and revenue of $33 million compared to the forecasted $35.14 million. Lantronix ($NASDAQ:LTRX) is a publicly traded company that specializes in enabling remote management and secure connectivity. The company’s solutions are designed to give customers the ability to access, manage, and control virtually any electronic device over a network, creating a reliable and secure connection. Lantronix provides its solutions in many industries including healthcare, transportation, government, and other markets. The company’s stock price dropped in after-hours trading after the announcement of the lower-than-expected earnings.

Price History

On Wednesday, Lantronix reported lower-than-expected non-GAAP earnings per share and revenue. Its stock opened at $3.8 and closed at $3.9, up by 2.6% from its prior closing price. The disappointing financial results were largely attributed to lower sales in the Asia Pacific and Europe regions, as well as a shift in the product mix of its solutions. The company noted that it had implemented cost-saving measures in an effort to make up for some of the lost revenue.

Despite the lower than expected numbers, Lantronix remains confident in their growth prospects for the upcoming year. They anticipate that their focus areas of industrial IoT and edge computing solutions will continue to be a major driver for their long-term growth. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Lantronix are shown below. More…

Analysis

At GoodWhale, we have performed an analysis of LANTRONIX‘s fundamentals in order to provide users with an informed and straightforward assessment of their potential investment. According to our Risk Rating, LANTRONIX is a high risk investment in terms of financial and business aspects. When taking a closer look at the financial data, we detected 4 risk warnings in income sheet, balance sheet, cashflow statement, financial journal that could indicate potential risks for future investors. To view these risk warnings and gain a better understanding of LANTRONIX’s fundamentals, we invite you to become a registered user on our platform. 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

LANTRONIX, Inc. recently reported their non-GAAP earnings per share (EPS) of $0.06, which missed analyst estimates of $0.07. Revenue also missed estimates, coming in at $33 million, below the expected $35.14 million. This marks the second consecutive quarter of disappointing financial results, leaving investors with little confidence in the company’s ability to deliver on growth expectations. Despite the current outlook, LANTRONIX still has potential for growth in the future, considering its position in the Internet of Things (IoT) market.

Furthermore, the company could benefit from increased M&A activity in the space, which could potentially drive up stock prices. Investors interested in LANTRONIX should continue to monitor news related to the company and consider other metrics such as cash flow and balance sheet when evaluating the stock.