LANTRONIX INC
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See all $LTRX insider activity →Vecima Networks said it has completed the previously announced all-cash sale of its Telematics mobile and fixed asset-tracking segment to Lantronix. The company expects about CAD 16.5 million (USD 11.8 million) in proceeds, subject to working capital adjustments. CAD 14.5 million was paid at closing, with the remaining ~CAD 2 million due before year-end.
Lantronix (NASDAQ: LTRX) said it will partner with Swarmer (NASDAQ: SWMR) to build a defense drone compute platform using Lantronix’s Open-Q 6490CS module to run Swarmer autonomy software. The firms claim it boosts onboard computing power by over 400% and is NDAA compliant, with a 10-year-plus production commitment.
Lantronix Inc. (Nasdaq: LTRX) said it is collaborating with Swarmer, Inc. (Nasdaq: SWMR) to build a custom compute module for Group 1 unmanned aerial systems using Lantronix’s Open-Q 6490CS system-on-module. The companies claim it boosts onboard processing by over 400% versus current platforms to run Swarmer’s edge AI autonomy software for defense missions.
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Vecima Networks said it has completed the previously announced all-cash sale of its Telematics mobile and fixed asset-tracking segment to Lantronix. The company expects about CAD 16.5 million (USD 11.8 million) in proceeds, subject to working capital adjustments. CAD 14.5 million was paid at closing, with the remaining ~CAD 2 million due before year-end.
The deal is a productization and deployment catalyst for Lantronix’s defense compute business, but scale and contract value are not disclosed.
The deal is a productization and scaling signal for Lantronix’s edge AI compute in defense drone autonomy, potentially supporting longer-cycle revenue visibility.
The deal is a productization and defense-program enablement story that could support future recurring demand, but it lacks disclosed contract size or timing.
New defense-drone compute partnership could support longer-duration revenue visibility, but near-term economics remain contract-dependent.
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Vecima Networks said it has completed the previously announced all-cash sale of its Telematics mobile and fixed asset-tracking segment to Lantronix. The company expects about CAD 16.5 million (USD 11.8 million) in proceeds, subject to working capital adjustments. CAD 14.5 million was paid at closing, with the remaining ~CAD 2 million due before year-end.
2 min readLantronix (NASDAQ: LTRX) said it will partner with Swarmer (NASDAQ: SWMR) to build a defense drone compute platform using Lantronix’s Open-Q 6490CS module to run Swarmer autonomy software. The firms claim it boosts onboard computing power by over 400% and is NDAA compliant, with a 10-year-plus production commitment.
3 min readLantronix Inc. (Nasdaq: LTRX) said it is collaborating with Swarmer, Inc. (Nasdaq: SWMR) to build a custom compute module for Group 1 unmanned aerial systems using Lantronix’s Open-Q 6490CS system-on-module. The companies claim it boosts onboard processing by over 400% versus current platforms to run Swarmer’s edge AI autonomy software for defense missions.
4 min readLantronix (Nasdaq: LTRX) said it is collaborating with Swarmer (Nasdaq: SWMR) to build a custom compute platform for Group 1 unmanned aerial systems, using Lantronix’s Open-Q 6490CS system-on-module with Swarmer’s autonomy software. The companies cite about 4x processing power and NDAA-compliant, edge AI for GPS-denied environments.
4 min readLantronix (Nasdaq: LTRX) and Swarmer (Nasdaq: SWMR) announced a collaboration to build a custom, NDAA-compliant compute module for Group 1 unmanned aerial systems using Lantronix’s Open-Q 6490CS SOM and preloaded Swarmer OS and autonomy software. The companies say it provides about 4x onboard processing power and targets long-term production support, with Swarmer autonomy used in 100,000+ combat missions since Apr 2024.
4 min readLantronix said it is partnering with DoD Solution, an Estonian-Ukrainian developer, to deploy an edge AI drone platform in Ukraine. The company did not disclose financial terms. Lantronix shares fell 3.8% to $5.25, valuing the firm at about $234 million on Nasdaq (LTRX).
2 min readLantronix Inc. (Nasdaq: LTRX) said it is partnering with DoD Solution, an Estonian-Ukrainian developer of drone onboard autonomy, to deploy DoD Solution’s AURA AI platform using Lantronix’s Qualcomm-based Open-Q 6490CS edge compute. Integration is complete and initial production is underway, with ramp-up to meet regional demand.
3 min readLantronix (Nasdaq: LTRX) said it agreed to acquire assets of Vecima Networks’ industrial IoT business, including the Nero Global Tracking SaaS platform. The deal is expected to close soon, subject to customary conditions. Lantronix did not disclose a purchase price, but said it will add about $5.3 million in total revenue. Shares fell 2.3% to $5.24.
4 min readLantronix Inc. (Nasdaq: LTRX) agreed to acquire the industrial IoT business assets of Vecima Networks Inc. (TSX: VCM), including Nero Global Tracking. The deal is expected to add about $5.3M revenue ($4.5M ARR) and ~125,000 asset tags under management, with gross margins in the high-60% range. Total consideration is ~$11.5M (excl. working capital/adjustments).
4 min readVecima Networks (TSX: VCM) agreed to sell its Telematics mobile and fixed-asset tracking business, including Nero Global Tracking software, to Lantronix (Nasdaq: LTRX). The all-cash deal is expected to bring about C$16.5M, with C$14.5M at closing and C$2.0M by year-end 2026, subject to adjustments and customary conditions.
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