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Lantronix reported Q4 adjusted earnings and revenue that fell short of expectations, leading to a slump in shares after hours. The company specializes in IoT solutions for industries such as smart cities, automotive, and enterprise. Its products include Edge AI, OOB, network infrastructure, and industrial IoT solutions. The company's SmartLV, powered by Qualcomm's IQ-615 processor, is an AI-enabled IoT Edge Compute Cellular Gateway.
Lantronix, a leading provider of IoT solutions, reported its fiscal Q4 revenue of $28.8 million, which exceeded analyst expectations. The company's non-GAAP EPS for the quarter stood at $0.01, while GAAP loss per share was $0.07. Key drivers behind the performance included strategic transformation, new contracts, and product launches.
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