Lantronix (LTRX) has released an update.
Lantronix Inc., a provider of innovative IoT solutions, has announced a significant increase in revenue, reporting $41.2 million for the third quarter of fiscal 2024, which is an 11% sequential and 25% year-over-year growth. The company’s GAAP EPS improved to ($0.01) from ($0.08) compared to the previous year, with non-GAAP EPS rising to $0.11. Looking ahead, Lantronix anticipates fourth-quarter revenues to be between $46.5 million and $51.5 million, with non-GAAP EPS estimates of $0.12 to $0.18.
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