Lantronix (LTRX) Tops Q2 EPS by 4c
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Lantronix Appoints Former Avago Technologies Sales VP Kevin Yoder as Vice President of Worldwide Sales
February 16, 2016 4:20 PM ESTIRVINE, CA -- (Marketwired) -- 02/16/16 -- Lantronix, Inc. (NASDAQ: LTRX) -- a specialized networking company providing smart IoT and M2M connectivity solutions -- today announced that Kevin Yoder has been appointed as vice president of worldwide sales, effective March 7th.
"With more than 25 years of experience in building and leading successful enterprise sales teams, we believe that Kevin will be a key contributor in driving Lantronix toward greater success," said Jeffrey... More
Lantronix Reports Fiscal 2016 Second Quarter Financial Results
February 16, 2016 4:15 PM ESTIRVINE, CA -- (Marketwired) -- 02/16/16 -- Lantronix, Inc. (the "Company") (NASDAQ: LTRX) a specialized networking company providing smart IoT and M2M solutions, today reported results for its second fiscal quarter ended December 31, 2015.
Quarterly Financial Highlights
Net revenue of $9.5 million New Product revenue of $1.8 million Gross profit margin of 48.1% GAAP net loss of $928,000 or $0.06 per share Non-GAAP net loss of $196,000 or $0.01 per share Cash and cash equivalents of $4.6 millionOperational and Product Highlights:
In October 2015, Lantronix signed... More