Lantronix (LTRX) Tops Q2 EPS by 4c

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Go back to Lantronix (LTRX) Tops Q2 EPS by 4c

Lantronix Appoints Former Avago Technologies Sales VP Kevin Yoder as Vice President of Worldwide Sales

February 16, 2016 4:20 PM EST

IRVINE, 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 EST

IRVINE, 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 million

Operational and Product Highlights:

In October 2015, Lantronix signed... More