Quarterly ResultMay 7, 2026, 04:40 PM
Lantronix Q3 Revenue +5.9% to $30.2M; Net Loss Reduced by 69%
AI Summary
Lantronix reported a 5.9% increase in net revenue to $30.2 million for the third quarter ended March 31, 2026, with net loss significantly reduced by 69.4% to $1.2 million. For the nine-month period, net loss decreased by 55.3% to $3.9 million despite a slight revenue decline. The company also refinanced its outstanding term loan with a new $15 million asset-backed revolving line of credit.
Key Highlights
- Q3 2026 net revenue increased 5.9% to $30.2 million from $28.5 million year-over-year.
- Q3 2026 net loss significantly reduced by 69.4% to $1.2 million from $3.9 million year-over-year.
- Q3 2026 diluted net loss per share improved to $(0.03) from $(0.10) year-over-year.
- Nine-month net cash provided by operating activities increased 27.5% to $7.95 million.
- Cash and cash equivalents rose 17.0% to $23.5 million as of March 31, 2026.
- Refinanced debt with a new $15 million asset-backed revolving line of credit.
- Embedded IoT Solutions revenue was $14.6 million in Q3 2026.
- Americas region revenue grew to $20.3 million in Q3 2026.
Price Impact
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