Earnings Releases·Nov 9, 2026, 4:05 PM ET

Lantronix — Fiscal First Quarter 2027 Earnings Summary

Net revenue rose 8% year-over-year to $32.4 million, while GAAP net loss narrowed to $463 thousand ($0.01/share) and non-GAAP net income increased 50% to $2.2 million ($0.05/share).
The company reaffirmed double-digit revenue growth guidance for full fiscal 2027, with Q2 FY2027 net revenue expected between $32.5 million and $34.5 million and non-GAAP net income between $1.8 million and $2.7 million.
Embedded IoT Solutions revenue surged 37% year-over-year driven by unmanned systems momentum, and the strategic acquisition of Nero Global Tracking expanded the software and services mix to over 10% of total revenue.
Balance sheet shifts included a cash reduction to $37.6 million from $60.5 million and the introduction of $4.8 million in total debt, alongside inventory increases to $31.2 million.
Strategic product launches include the Open-Q 8550CS SOM added to the U.S. Department of War's Blue UAS Framework, new MediaTek-based system-on-modules, and design wins with Trimble Inc. and a jobsite security provider.