Lantronix Inc
NASDAQ:LTRX
Lantronix Inc
Lantronix, Inc. engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). The company is headquartered in Irvine, California and currently employs 299 full-time employees. The company went IPO on 2000-08-04. Lantronix’s portfolio of services and products address each layer of the IoT Stack including Collect, Connect, Compute, Control and Comprehend, enabling its customers to deploy IoT and REM solutions. Its services and products focused on integrating a SaaS management platform with custom application development layered on top of external and embedded hardware, enabling edge computing, secure communications, location and positional tracking, and environmental sensing and reporting. Lantronix’s solutions are deployed at data centers, offices, and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental, infrastructure and government.
Lantronix, Inc. engages in the provision of software as a service (SaaS), engineering services, and hardware for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). The company is headquartered in Irvine, California and currently employs 299 full-time employees. The company went IPO on 2000-08-04. Lantronix’s portfolio of services and products address each layer of the IoT Stack including Collect, Connect, Compute, Control and Comprehend, enabling its customers to deploy IoT and REM solutions. Its services and products focused on integrating a SaaS management platform with custom application development layered on top of external and embedded hardware, enabling edge computing, secure communications, location and positional tracking, and environmental sensing and reporting. Lantronix’s solutions are deployed at data centers, offices, and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental, infrastructure and government.
Revenue & EPS: Lantronix reported Q2 revenue of $29.8 million and non-GAAP EPS of $0.04, both within guidance.
Gross Margin: Gross margin expanded year-over-year, supported by a higher mix of premium products and disciplined cost management.
Drone Growth: Drone-related revenue grew significantly from Q1 to Q2; full-year drone revenue guidance for fiscal 2026 was raised to $8–12 million from $5–10 million.
Outlook: For Q3, management guided revenue to $28.5–32.5 million and non-GAAP EPS to $0.03–0.06.
2027 Drone Impact: Drones are expected to represent 15–20% of total revenue in fiscal 2027, potentially $20–30 million.
Cost Control: Operating expenses declined both quarter-over-quarter and year-over-year thanks to prior cost optimization.
Recurring Revenue: Software and services accounted for 6% of revenue over the past year, with a path to more than double that mix midterm.
