LANTRONIX INC
Business
Lantronix Inc. is a global provider of Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity, and remote management for mission-critical applications. The company offers three product lines: Embedded IoT Solutions (compute modules and connectivity products), IoT System Solutions (standalone systems including routers, switches, gateways, and telematics), and Software and Engineering Services (SaaS platform, over-the-air updates, and custom engineering support). Lantronix serves smart cities, enterprise IT, and unmanned systems markets through distributors, resellers, direct sales, and OEM relationships across three geographic regions: the Americas, EMEA, and APJ.
Summary from 10-K filed 2025-08-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net revenue | 123 | 160 | — | 130 | 71 | |
| Cost of revenue | 71 | 96 | 75 | 74 | 38 | |
| Gross profit | 52 | 64 | 56 | 56 | 33 | |
| Selling, general and administrative | 36 | 40 | 37 | 35 | 21 | |
| Research and development | 19 | 20 | 20 | 18 | 11 | |
| Restructuring, severance and related charges | 4 | 1 | 693,000 | 795,000 | 506,000 | |
| Acquisition-related costs | 371,000 | 0 | 315,000 | 889,000 | 841,000 | |
| Fair value remeasurement of earnout consideration | 0 | −9,000 | −447,000 | 1 | 0 | |
| Amortization of intangible assets | 4 | 5 | 6 | 6 | 3 | |
| Total operating expenses | 63 | 67 | 63 | 61 | 36 | |
| Loss from operations | −11 | −3 | −7 | −5 | −3 | |
| Interest expense, net | −511,000 | −916,000 | −1 | −1 | −315,000 | |
| Other income (expense), net | −100,000 | 7,000 | −73,000 | 53,000 | −197,000 | |
| Loss before income taxes | −12 | −4 | −8 | −7 | — | |
| Provision for (benefit from) income taxes | −239,000 | 745,000 | 748,000 | −2 | 195,000 | |
| Net loss and comprehensive loss | −11 | −5 | −9 | −5 | −4 | |
| Net loss per share - basic | −0.29 | −0.12 | −0.25 | −0.16 | −0.14 | |
| Net loss per share - diluted | −0.29 | −0.12 | −0.25 | −0.16 | −0.14 | |
| Weighted-average common shares - basic | 39 | 37 | 36 | 33 | 29 | |
| Weighted-average common shares - diluted | 39 | 37 | 36 | 33 | 29 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 20 | 26 | 13 | 17 | 10 | |
| Accounts receivable, net | 25 | 31 | 28 | 26 | 14 | |
| Inventories, net | 26 | 28 | 50 | 38 | 15 | |
| Contract manufacturers' receivable | 3 | 1 | 3 | 3 | 2 | |
| Prepaid expenses and other current assets | 3 | 2 | 3 | 5 | 3 | |
| Total current assets | 77 | 89 | 97 | 90 | 43 | |
| Property and equipment, net | 2 | 4 | 5 | 4 | 2 | |
| Goodwill | 31 | 28 | 28 | 21 | 16 | |
| Intangible assets, net | 4 | 5 | 11 | 15 | 9 | |
| Lease right-of-use assets | 8 | 10 | 12 | 8 | 2 | |
| Other assets | 624,000 | 600,000 | 472,000 | 325,000 | 240,000 | |
| Total assets | 124 | 136 | 152 | 137 | 73 | |
| Accounts payable | 13 | 10 | 12 | 21 | 9 | |
| Accrued payroll and related expenses | 3 | 6 | 2 | 5 | 5 | |
| Current portion of long-term debt, net | 3 | 3 | 3 | 2 | 1 | |
| Other current liabilities | 11 | 11 | 29 | 8 | 7 | |
| Total current liabilities | 30 | 30 | 46 | 36 | 23 | |
| Long-term debt, net | 9 | 13 | 16 | 14 | 2 | |
| Other non-current liabilities | 10 | 11 | 11 | 8 | 1 | |
| Total liabilities | 49 | 55 | 74 | 57 | 26 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | — | — | 0 | 0 | 0 | |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 39,102,563 and 37,872,883 shares issued and outstanding at June 30, 2025 and 2024, respectively | 4,000 | 4,000 | 4,000 | 4,000 | 3,000 | |
| Additional paid-in capital | 308 | 304 | 296 | 289 | 250 | |
| Accumulated deficit | −234 | −223 | −219 | −210 | −204 | |
| Accumulated other comprehensive income | 371,000 | 371,000 | 371,000 | 371,000 | 371,000 | |
| Total stockholders' equity | 74 | 81 | 78 | 80 | 46 | |
| Total liabilities and stockholders' equity | 124 | 136 | 152 | 137 | 73 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Share-based compensation | 6 | 8 | 6 | 6 | 4 | |
| Depreciation and amortization | 2 | 2 | — | — | — | |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions | 88,000 | 822,000 | — | 380,000 | 7,000 | |
| Loss on disposal of property and equipment | 6,000 | 3,000 | 15,000 | 4,000 | 193,000 | |
| Amortization of deferred debt issuance costs | 45,000 | 110,000 | 104,000 | 261,000 | 28,000 | |
| Accounts receivable, net | 6 | −4 | 480,000 | −7 | −2 | |
| Inventories, net | 2 | 21 | −9 | −15 | −1 | |
| Contract manufacturers' receivable | −2 | 2 | — | — | — | |
| Prepaid expenses and other current assets | −426,000 | 327,000 | — | −2 | −2 | |
| Lease right-of-use assets | 2 | 2 | −18,000 | −85,000 | −8,000 | |
| Other assets | −24,000 | −128,000 | — | — | — | |
| Accounts payable | 3 | −2 | −9 | 9 | 4 | |
| Accrued payroll and related expenses | −2 | 3 | −3 | −222,000 | 2 | |
| Other liabilities | −2 | −16 | 9 | −3 | −150,000 | |
| Net cash provided by operating activities | 7 | 19 | 237,000 | −9 | 4 | |
| Purchases of property and equipment | −505,000 | −1 | −3 | −2 | −783,000 | |
| Cash payment for acquisitions, net of cash and cash equivalents acquired | −6 | 0 | — | — | — | |
| Net cash used in investing activities | −7 | −1 | −7 | −26 | −783,000 | |
| Net proceeds from issuances of common stock | 357,000 | 1 | 1 | 34 | 913,000 | |
| Tax withholding paid on behalf of employees for restricted shares | −2 | −1 | −821,000 | −2 | −877,000 | |
| Earnout consideration paid | 0 | −1 | — | — | — | |
| Payment of borrowings on term loan | −5 | −3 | — | — | — | |
| Payment of lease liabilities | −213,000 | −222,000 | −30,000 | −9,000 | −9,000 | |
| Net cash used in financing activities | −6 | −4 | 3 | 43 | −1 | |
| Increase (decrease) in cash and cash equivalents | −6 | 13 | −4 | 7 | 2 | |
| Interest paid | 1 | 2 | 2 | 1 | 297,000 | |
| Income taxes paid | 636,000 | 631,000 | 539,000 | 215,000 | 200,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LANTRONIX INC's CIK number?
LANTRONIX INC's SEC CIK number is 0001114925 (1114925). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LANTRONIX INC's SEC filings?
All of LANTRONIX INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LANTRONIX INC last report earnings?
LANTRONIX INC (LTRX) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001683168-26-003534). This is LANTRONIX INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LANTRONIX INC's most recent earnings 8-K?
LANTRONIX INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001683168-26-003534. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LANTRONIX INC's latest earnings 8-K →
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