Lantronix reports record revenue for the fourth quarter and full fiscal year 2024

• Fourth quarter net sales of $49.1 million, up 19 percent quarter-on-quarter and 41 percent year-on-year
• Fourth quarter GAAP earnings per share of $0.01 compared to ($0.05) a year ago, an improvement of $0.06
• Non-GAAP earnings per share in the fourth quarter of $0.15 compared to $0.06 a year ago, an increase of 150 percent
  
• Annual net sales of $160.3 million, up 22% year-on-year
• Annual GAAP earnings per share of ($0.12) compared to ($0.25) in the prior year, an improvement of $0.13
• Annual non-GAAP earnings per share of $0.40 compared to $0.23 in the previous year, an increase of 74 percent
• Cash balance of $26.2 million, 95 percent more than the previous year

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

Net sales were $49.1 million, up 19 percent quarter-over-quarter and 41 percent year-over-year.