Lantronix (LTRX) Tops Q3 EPS by 7c
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Lantronix Reports Fiscal 2016 Third Quarter Financial Results
April 27, 2016 4:07 PM EDTIRVINE, CA -- (Marketwired) -- 04/27/16 -- Lantronix, Inc. (the "Company") (NASDAQ: LTRX) a specialized networking company providing smart IoT and M2M solutions, today reported results for its third fiscal quarter ended March 31, 2016.
Quarterly Financial Highlights
Net revenue of $10 million New Product revenue of $2.2 million Gross profit margin of 48% GAAP net loss of $456,000 or $0.03 per share Non-GAAP net income of $189,000 or $0.01 per share Cash and cash equivalents of $4.1 millionOperational and Product Highlights:
In February... More