LTRX News & Events

Reports Q2 revenue $29.77M, consensus $29.94M. "We continued our momentum into the second quarter through disciplined execution, delivering financial results within our guidance range," said Saleel Awsare, president and CEO of Lantronix. "Execution across our Edge AI strategy continued to strengthen during Q2, with several customer programs advancing from development and pilot phases into initial production and deployment."

Sees Q3 revenue $28.5M-$32.5M, consensus $31.39M. "Convergence around our Edge AI platform is enabling us to scale efficiently across drones, critical infrastructure monitoring and enterprise connectivity while simultaneously strengthening customer relationships and improving operating leverage," added Awsare. "We remain disciplined and well-positioned to meet accelerating demand in our core markets and are confident that our platform-led strategy and growing execution cadence will continue to drive profitable growth."

Lantronix (LTRX) announced a Memorandum of Understanding, MOU, and a Master Services Agreement, MSA, with Safe Pro Group (SPAI), a developer of AI-enabled defense and security solutions. The agreements establish a scalable framework for the joint development, integration and commercialization of new embeddable chipsets that strengthen the emerging ecosystem of Qualcomm(R)-based drone and autonomous vehicle platforms.