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LTRX

Lantronix, Inc.

LTRX

Lantronix, Inc. • NASDAQ
$5.12 ▲ 3.43% (+0.17)
Market Cap $201.45 M
52w High $5.74
52w Low $1.91
Dividend Yield 0%
P/E -19.69
Volume 101.88K
Outstanding Shares 39.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $29.794M ▲ $14.873M ▲ $-1.401M ▲ -4.702% ▲ $-0.036 ▲ $164.75K ▲
Q4-2025 $28.839M ▲ $14.671M ▼ $-2.631M ▲ -9.123% ▲ $-0.068 ▲ $-2.147M ▲
Q3-2025 $28.5M ▼ $15.982M ▲ $-3.868M ▼ -13.572% ▼ $-0.1 ▼ $-2.217M ▼
Q2-2025 $31.161M ▼ $15.444M ▼ $-2.372M ▲ -7.612% ▼ $-0.061 ▲ $-331K ▲
Q1-2025 $34.423M $16.603M $-2.502M -7.268% $-0.066 $-371K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $22.191M ▲ $119.568M ▼ $45.118M ▼ $74.45M ▲
Q4-2025 $20.098M ▲ $123.722M ▼ $49.344M ▲ $74.378M ▼
Q3-2025 $19.999M ▲ $124.189M ▼ $48.719M ▼ $75.47M ▼
Q2-2025 $19.21M ▼ $134.223M ▼ $56.31M ▼ $77.913M ▼
Q1-2025 $26.395M $137.858M $58.928M $78.93M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-1.401M ▲ $3.605M ▲ $-74K ▲ $-1.438M ▼ $2.093M ▲ $3.531M ▲
Q4-2025 $-2.631M ▲ $1.052M ▼ $-143K ▼ $-810K ▲ $99K ▼ $909K ▼
Q3-2025 $-3.868M ▼ $3.23M ▲ $-121K ▲ $-2.32M ▼ $789K ▲ $3.109M ▲
Q2-2025 $-2.372M ▲ $340K ▼ $-6.542M ▼ $-983K ▲ $-7.185M ▼ $256K ▼
Q1-2025 $-2.502M $2.663M $-157K $-2.348M $158K $2.506M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q1-2026
Software And Services
Software And Services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the past several years, but more recently it looks relatively flat with only modest ups and downs. Gross profit has been consistently healthy for a hardware‑centric business, suggesting the core products are priced reasonably well versus their cost to produce. The main issue is below the gross profit line: operating income and net income hover around break‑even and tilt slightly negative in most years. That points to a company that has not yet converted its technological position into steady, durable profitability. The pattern shows progress at times, but not a clear, sustained move into solid earnings, which is an important risk to watch.

Balance Sheet

Balance Sheet The balance sheet appears reasonably balanced for a smaller technology company. Assets and shareholder equity have trended upward over the period, showing gradual growth in the business footprint. Cash levels are modest, not overly tight but also not providing a deep cushion. Debt is present but relatively small compared with the overall size of the company, so leverage does not look like a major concern at this stage. Overall, the financial structure suggests some resilience but not a fortress balance sheet—there is room for growth, but also a need for continued discipline and progress toward stronger profits to further strengthen the capital base.

Cash Flow

Cash Flow Cash flow paints a slightly better picture than earnings alone. Operating cash flow has generally been positive or close to it, with only a brief dip into outflow, which indicates that the underlying operations can largely support themselves. Because capital spending is very light, free cash flow tends to follow operating cash flow closely and is also modestly positive in most years. This means the company is not burning large amounts of cash, but also is not generating large surpluses. The main implication is that management has limited room for error: they can fund day‑to‑day needs, but big strategic moves would likely require either better cash generation or outside capital.

Competitive Edge

Competitive Edge Lantronix occupies a focused niche in IoT connectivity, remote management, and edge computing rather than trying to compete head‑on with the largest networking and cloud players. Its strengths include long experience in device connectivity, a broad and integrated product range (modules, gateways, console servers, and software), and long‑standing relationships with industrial, infrastructure, and defense customers. Strategic alliances with major chip and networking companies help it deliver advanced capabilities without bearing the full R&D burden alone. At the same time, it is a smaller player in a very competitive market, facing pressure from both large platform vendors and low‑cost hardware rivals. Its competitive position depends heavily on continuing to deliver specialized, secure, and reliable solutions that large generalists do not easily replicate.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. The company is leaning into edge AI, secure remote management, and specialized solutions for high‑growth areas like smart cities, industrial automation, and defense. Partnerships with Qualcomm and others allow Lantronix to embed advanced AI and connectivity into products such as smart gateways, edge AI modules, and intelligent console servers with automated rollback capabilities. Its Percepxion platform and engineering services further differentiate it by helping customers get from concept to deployed solution more quickly. The opportunity is significant if edge AI adoption accelerates, but there is also execution risk: Lantronix must keep pace with rapid technology shifts and successfully translate its roadmap and partnerships into products that achieve scale in its chosen verticals.

Summary

Lantronix shows a classic profile of a niche technology company: solid gross margins, promising technology, and strong partnerships, but with only marginal profitability so far and modest financial buffers. The balance sheet and cash flows suggest a business that can sustain itself, though not yet one generating substantial surplus cash. Competitively, its strength lies in specialized IoT and edge AI solutions, long industry experience, and alliances with larger chip and networking firms, positioning it to benefit if demand for intelligent connected devices continues to grow. Key things to watch are whether management can move from near break‑even to consistent, meaningful profitability, maintain its technological edge in fast‑moving markets, and deepen its presence in targeted verticals like smart cities, automotive, and defense without overextending its limited financial resources.

NEWS

November 12, 2025 · 7:30 AM UTC

Lantronix CEO to Participate in Craig-Hallum, ROTH and Headgate Partners Investor Conferences

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November 5, 2025 · 4:05 PM UTC

Lantronix Reports Fiscal First Quarter 2026 Financial Results

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October 28, 2025 · 7:30 AM UTC

Lantronix Edge AI Technology Powers Sightline's New AI-Driven Video Processor for Mission-Critical Drone Applications

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October 22, 2025 · 7:30 AM UTC

Lantronix to Report Fiscal 2026 First Quarter Results on Nov. 5, 2025

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October 20, 2025 · 7:30 AM UTC

Lantronix Unveils Kompress.ai by Lantronix, an AI-Powered Platform That Optimizes Performance in Energy-Intensive Industries Using Vodafone IoT's Connectivity

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