Lantronix Reports Record Revenue for Fourth Quarter and Full Fiscal Year 2024

• Fourth quarter net sales of $49.1 million, up 19 percent quarter-over-quarter and up 41 percent year-over-year
• Fourth quarter GAAP EPS of $0.01 versus ($0.05) in the prior year, an improvement of $0.06
• Fourth Quarter Non-GAAP EPS of $0.15 vs. $0.06 in the prior year, up 150 percent
  
• Annual net sales of $160.3 million, up 22% from the previous year
• Annual GAAP EPS of ($0.12) versus ($0.25) in the prior year, an improvement of $0.13
• Annual Non-GAAP EPS of $0.40 vs. $0.23 in the prior year, up 74 percent
• Cash balance of $26.2 million, up 95 percent from the prior year

IRVINE, Calif., Sept. 5, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT computing and connectivity solutions, today announced results for its fourth quarter of fiscal year 2024.

Net sales totaled $49.1 million, an increase of 19 percent from the prior quarter and an increase of 41 percent year-over-year.