Acquisition adds $5.3 million of total revenue, including $4.5 million of annual recurring revenue (ARR) and approximately 125,000 asset tags under management with gross margins in the high-60% range

globenewswire.com - 2026-07-07 16:15:00

Hyperscaler capex has ballooned to nearly $700 billion, up from roughly $400 billion just three months earlier, according to Applied Digital CEO Wes Cummins.

247wallst.com - 2026-07-01 13:01:40

This milestone underscores a decade of expanding capabilities in AI, Industrial IoT and critical infrastructure technologies, positioning the company for continued global growth This milestone underscores a decade of expanding capabilities in AI, Industrial IoT and critical infrastructure technologies, positioning the company for continued global growth

globenewswire.com - 2026-06-18 02:29:00

Purpose-built for utilities, emergency response and remote industrial operations, the jointly developed platform delivers 5G-powered, field-deployable connectivity where permanent networks cannot reach Purpose-built for utilities, emergency response and remote industrial operations, the jointly developed platform delivers 5G-powered, field-deployable connectivity where permanent networks cannot reach

globenewswire.com - 2026-06-10 05:00:00

Lantronix Chief Product and Strategy Officer to Join Physical AI Panel Discussion; CEO and CFO to Host Fireside Chat and One-on-One Meetings Lantronix Chief Product and Strategy Officer to Join Physical AI Panel Discussion; CEO and CFO to Host Fireside Chat and One-on-One Meetings

globenewswire.com - 2026-06-09 12:06:00

Lantronix is transitioning from a legacy IoT hardware model to a platform-focused edge AI and unmanned systems provider, targeting drones and critical infrastructure. I see a compelling but more balanced risk/reward setup: an author base case price target of $9.20 (+22%), a bull case of $13.05 (+73%), and a stretch upside case of $18.10 (+140%) versus. Key catalysts include drone revenue progression from the $10M-$14M FY2026 guidance range, a larger software/services mix, stable gross margins above 43%, and more proof that customers are using Lantronix.

seekingalpha.com - 2026-06-06 09:52:28

IRVINE, Calif., June 01, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions powering NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the SLC 9000 — an advanced Out-of-Band (OOB) console manager integrated with the Percepxion™ cloud management platform.

globenewswire.com - 2026-06-01 07:00:00

Drone stocks erupted higher yesterday after reports surfaced that the Trump administration is considering directing government funding toward domestic drone manufacturers.

247wallst.com - 2026-05-29 10:08:56

IRVINE, Calif. , May 29, 2026 (GLOBE NEWSWIRE) -- Lantronix, Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the pricing of an underwritten offering of 4,166,667 shares of common stock at an offer price of $7.

globenewswire.com - 2026-05-29 07:32:02

IRVINE, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Lantronix, Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the pricing of an underwritten offering of 4,166,667 shares of common stock at an offer price of $7.20 per share, for gross proceeds of approximately $30 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All shares of common stock are being offered by Lantronix. In addition, Lantronix has granted the underwriters a 30-day option to purchase up to an additional 625,000 shares of its common stock at the offering price for the common stock, less underwriting discounts and commissions. The offering is expected to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.

globenewswire.com - 2026-05-29 07:32:00

IRVINE, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced that the Company has been included in the preliminary list of additions to the Russell 3000® Index as part of the 2026 Russell indexes reconstitution, according to a preliminary list published by FTSE Russell after the U.S. market close on Friday, May 22, 2026.

globenewswire.com - 2026-05-27 07:00:00

Mega-cap AI stocks have done the heavy lifting for two years, but a quieter shift is underway.

247wallst.com - 2026-05-20 09:05:41

AVENTURA, Fla., May 20, 2026 (GLOBE NEWSWIRE) -- Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro”), a developer of AI-enabled defense, security, and situational awareness solutions, today announced progress in its AI-powered threat detection collaboration with Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure, and resilient enterprise networks.

globenewswire.com - 2026-05-20 08:02:00

IRVINE, Calif., May 12, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today introduced the xPico® 600 series , a production-ready family of Wi-Fi® 6 and Bluetooth® Low Energy (BLE) 5.4 embedded gateway modules that solve one of embedded IoT development's biggest challenges: time-to-revenue.

globenewswire.com - 2026-05-12 07:00:00

CSCO, EXTR and LTRX ride on multiple tailwinds amid macro headwinds and margin pressures.

zacks.com - 2026-05-11 12:55:29

IRVINE, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced that its CEO Saleel Awsare and CFO Brent Stringham will participate in the following upcoming investor conferences:

globenewswire.com - 2026-05-07 17:00:00

Lantronix, Inc. (LTRX) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.03 per share a year ago.

zacks.com - 2026-05-06 22:45:39

Lantronix, Inc. (LTRX) Q3 2026 Earnings Call Transcript

seekingalpha.com - 2026-05-06 20:11:14

Net Revenue of $30.2 Million  GAAP EPS of ($0.03) Non-GAAP EPS of $0.04 Increases FY26 Drone Revenue Expectation to a range of $10 Million–$14 Million, driven by strong momentum across UAS ecosystem IRVINE, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today reported results for the fiscal third quarter ended March 31, 2026.

globenewswire.com - 2026-05-06 16:05:00

IRVINE, Calif., April 30, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced that it will debut its Open-Q™ 8550CS micro SOM (µSOM) as well as showcase its new Drone Reference Platform in the Qualcomm® booth and the Unusual Machines booth at XPONENTIAL, being held May 11–14, 2026, at Huntington Place in Detroit.

globenewswire.com - 2026-04-30 07:00:00

Celestica (CLS) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.2 per share a year ago.

zacks.com - 2026-04-27 18:56:26

IRVINE, Calif., April 22, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced it will release financial results from its fiscal 2026 third quarter, ended March 31, 2026, after the close of the market on Wednesday, May 6, 2026.

globenewswire.com - 2026-04-22 07:00:00