Lantronix's Q4 Earnings Meet, Revenues Increase Y/Y, Stock Gains
LTRXLantronix(LTRX) ZACKS·2024-09-06 20:51

Lantronix, Inc. (LTRX) reported fourth-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 15 cents, meeting the Zacks Consensus Estimate. The bottom line increased 150% from the prior-year quarter's 6 cents.Revenues in the quarter totaled $49.1 million, missing the consensus mark by just 0.1%. The top line, however, climbed 41% year over year, driven by strong momentum in the IoT System Solutions business amid a slowdown in the Embedded IoT Solutions and Software & Services businesses.For fiscal 2024, ...