Lantronix — Fiscal First Quarter 2027 Earnings Summary

Lantronix reported fiscal first-quarter 2027 net revenue of $32.4 million, representing an 8% increase year-over-year. The company achieved a GAAP net loss of $463 thousand while reporting a non-GAAP net income of $2.2 million, a 50% improvement from the prior year period. Embedded IoT Solutions revenue grew 37% year-over-year, driven by momentum in unmanned systems and new design wins in commercial surveying and security applications. Lantronix reaffirmed its expectation for double-digit revenue growth in fiscal 2027 and provided a Q2 revenue guidance range of $32.5 million to $34.5 million.