Canaccord Genuity maintains Lantronix at Buy, lowers price target to $10.50 from $11

Lantronix (LTRX) reported Q1 GAAP gross margin of 44.8%, up from 43.7% last quarter. The company saw growth in IoT solutions and out-of-band management products, with design wins in computer vision. Lantronix acquired Nero Global Tracking for $10.3M, expecting to pay the remaining $1.3M by December. Q2 non-GAAP net income is projected at $1.8M to $2.7M, or $0.04 to $0.06 per share. The company faces memory availability challenges but has passed cost increases to customers.

LANTRONIX INC (LTRX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Lantronix Reports Fiscal First-Quarter 2027 Financial Results · Net Revenue Increased over 8% Year-over-Year to $32.4 Million · Embedded IoT Solutions Revenue Increased 37% Year-over-Yea · GAAP Net Loss Improved to $463 Thousand, or ($0.01) per Share · Non-GAAP Net I

Lantronix (LTRX) expects to start producing drone components by October, driven by increased demand from U.S. and European military forces. The company reported $31.2M in Q4 sales, up 8%, and forecast over 10% revenue growth for fiscal 2027. Drone-related work grew to $12.6M in fiscal 2026. Lantronix aims to expand its unmanned systems business, which could become 15-20% of revenue. Shares have risen about 10% over the past year.

Lantronix (LTRX) reported Q4 2026 revenue of $31.2M, up 8% YoY, with non-GAAP EPS at $0.04, a 300% increase. The company is expanding in drones and edge AI, with unmanned systems revenue reaching $12.6M. Lantronix is debt-free with $60.5M in cash, and expects drones to contribute 15-20% of revenue in 2027. Challenges include memory price increases and federal budget delays.

Lantronix (LTRX) reported Q4 2026 revenue of $31.2M, up 8% YoY, and non-GAAP EPS of $0.04, a 300% increase. Growth was driven by embedded IoT and unmanned systems, with IoT revenue up 34%. The company acquired Vecima Networks' Industrial IoT business for $11.7M. Management guided Q1 2027 revenue to $31M-$33M and EPS to $0.04-$0.06, with unmanned systems expected to contribute 15-20% of total revenue. Lantronix eliminated debt and increased cash reserves to $60.5M.

Needham analyst Austin Bohlig raised Lantronix's (LTRX) price target to $11 from $8.5, maintaining a Buy rating. The adjustment reflects a revised outlook on the company's valuation and market position. Lantronix and Cherry & White launched the Rapid Wi-Fi Platform, targeting connectivity gaps in critical infrastructure with enterprise-grade speeds up to 70 times faster than legacy solutions.