Fri. Nov 15th, 2019

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LTRX: Lantronix, Inc. (NASDAQ: LTRX)

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Lantronix, Inc. (NASDAQ: LTRX), a global provider of secure data access and administration solutions for the industrial Internet of Things (IoT), newly stated results for the 4th-quarter and financial year finished June 30, 2k19.

Financial Highlights for 4th-Quarter of Fiscal 2k19

  • Net revenue of $10.20M
  • Gross profit margin of 56.60 percent
  • GAAP net loss of $1.50M, or $0.060 for each share. Included in the GAAP net loss were about $1.50M of costs related to acquisition, severance, and asset impairment costs
  • Non-GAAP net income of $722.00 thousand, or $0.030 for each share

Financial Highlights for Fiscal Year 2k19

  • Net revenue of $46.90M
  • Gross profit margin of 56.00 percent
  • GAAP net loss of $408,000.00, or $0.020 for each share
  • Non-GAAP net income of $3.70M, or $0.160 for each share

Fiscal Year 2k20 Outlook

  • Net revenue growth of 15.00 percent or greater
  • Non-GAAP net income for each share growth of 30.00 percent or greater

1st-Quarter Fiscal 2k20 Guidance

  • Net revenue of $12.00 to $13.00M
  • Non-GAAP net income (loss) for each share of ($0.030) to $0.000

 

 

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