LANTRONIX INC

Lantronix Inc. announced an agreement to acquire the industrial IoT (IIoT) business of Vecima Networks Inc., including its Nero Global Tracking SaaS platform, for approximately $11.5 million. This acquisition is expected to add $5.3 million in total revenue, with $4.5 million in annual recurring revenue (ARR), and approximately 125,000 asset tags under management. The transaction will increase Lantronix's Software & Services mix to over 10% of total company revenue, bringing a profitable SaaS business with high-60% gross margins and expanding its critical infrastructure monitoring vertical.

Lantronix Inc. announced the 10-year anniversary of its India subsidiary, Lantronix India Pvt. Ltd., which was incorporated in May 2016. The subsidiary has evolved into a strategic engineering and innovation hub, growing to over 120 professionals, including 110 engineers. This milestone reinforces the company's commitment to innovation and scalable product development, accelerating next-generation Edge AI, industrial connectivity, and smart infrastructure solutions globally.

Lantronix Inc. announced a collaboration with UK-based Cherry & White to launch a Rapid-Wi-Fi platform for critical infrastructure. The platform combines Lantronix's NTC-552 industrial 5G gateway with Cherry & White's Rapid-Wi-Fi technology, offering up to 70 times faster connectivity and quick deployment in challenging environments. It targets critical infrastructure operators, supporting private 5G networks in key international markets and aiming to generate recurring revenue through managed services.

Lantronix Inc. announced a collaboration with Cherry & White, a UK-based provider of high-speed Wi-Fi solutions, to launch the Rapid Wi-Fi Platform. This platform, built around Lantronix's NTC-552 industrial 5G gateway and Cherry & White's Rapid Wi-Fi technology, aims to provide secure, high-performance connectivity for critical infrastructure operators in remote and challenging environments. The solution offers speeds up to 70 times faster than legacy options, rapid deployment, and global private 5G compatibility, positioning Lantronix for international market expansion and recurring revenue generation through managed services.

Lantronix Inc. announced its participation in Rosenblatt's 6th Annual Technology Summit, "The Age of AI," a virtual event taking place on June 9-10, 2026. Mathi Gurusamy, Chief Product and Strategy Officer, will join a panel discussion on "Physical AI" on June 9. Additionally, CEO Saleel Awsare and CFO Brent Stringham will host a fireside chat and one-on-one meetings with institutional investors on June 10.

Lantronix, Inc. announced the pricing of an underwritten public offering of 4,166,667 shares of common stock at $7.20 per share. The underwriters fully exercised their option to purchase an additional 625,000 shares, bringing the total shares sold to 4,791,667. The offering generated approximately $34.5 million in gross proceeds, with net proceeds to the company estimated at $32.3 million. Lantronix intends to use these funds for working capital, general corporate purposes, and to support strategic growth initiatives, including the development of unmanned systems.

Lantronix, Inc. announced the pricing of an underwritten public offering of 4,166,667 shares of its common stock at $7.20 per share. This offering is expected to generate gross proceeds of approximately $30 million before deducting underwriting discounts and commissions. The company has also granted the underwriters a 30-day option to purchase up to an additional 625,000 shares. The offering is anticipated to close around June 1, 2026.

Lantronix Inc. announced the launch of its xPico 600 series, a new family of production-ready Wi-Fi 6 and Bluetooth Low Energy 5.4 embedded gateway modules. These modules are designed to significantly reduce time-to-revenue for OEMs by providing a complete connectivity foundation, pre-integrated with the Percepxion™ cloud platform for zero-touch provisioning and remote management. The xPico 600 series features industrial-grade resilience, enterprise-grade security, and global certifications, positioning Lantronix for growth in the rapidly expanding Edge IoT market and introducing a recurring revenue stream.

Lantronix, Inc. has entered into a Sales Agreement with Needham & Company, LLC and Canaccord Genuity LLC to establish an at-the-market equity offering program. Under this program, the company may offer and sell shares of its common stock with an aggregate offering price of up to $30,000,000. The sales agents will receive a 3% commission on gross proceeds from sales made through them.

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.