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Lantronix Reports Fiscal First-Quarter 2027 Financial Results

LTRX
  • Net revenue increased 8% year-over-year to $32.4 million for the fiscal first quarter ended September 30, 2026.
  • Embedded IoT Solutions revenue grew 37% year-over-year, driven by momentum in unmanned systems.
  • GAAP net loss improved to $463 thousand, or ($0.01) per share.
  • Non-GAAP net income increased 50% to $2.2 million, or $0.05 per share.
  • The company reaffirmed its expectation for double-digit revenue growth in fiscal 2027.
  • Net revenue outlook for Q2 FY2027 is set between $32.5 million and $34.5 million.
  • Non-GAAP net income outlook for Q2 FY2027 is projected between $1.8 million and $2.7 million.
  • Lantronix added the Open-Q 8550CS SOM to the U.S. Department of War's Blue UAS Framework.
  • The Spotter robotics platform with onboard AI was introduced at AUSA 2026 for Q4 2026 availability.
  • Two design wins were secured for edge compute solutions with Trimble Inc. for surveying equipment and a jobsite security provider.
  • MediaTek-based system-on-modules were launched, making Lantronix the sole North American supplier of these NDAA-compliant components.
  • Jason Lamb, a former U.S. Navy SEAL officer, joined the board of directors as an independent director.
  • The FOX5 Edge-to-Cloud intelligent serial gateway was launched to enable real-time monitoring with Percepxion.
  • The acquisition of Nero Global Tracking expanded the software and services revenue mix above 10% of total revenue.
  • Non-GAAP gross margins exceeded 45% during the quarter.
  • Cash and cash equivalents stood at $37.6 million as of September 30, 2026.
  • An investor conference call was held on November 9, 2026, at 1:30 p.m. Pacific Time to discuss results.
Company
Lantronix, Inc.
Keywords
Nasdaq:LTRX, Lantronix, Inc., $LTRX, Earnings Call, Q1 Earnings, Unmanned Aerial Vehicles (UAV), unmanned systems, Qualcomm, Edge AI, Edge Intelligence, Earnings