Lantronix, Inc. (LTRX) Bundle
A Brief History of Lantronix, Inc. (LTRX)
Company Overview
Lantronix, Inc. is a global provider of secure IoT connectivity solutions, with headquarters in Irvine, California.
| Ticker Symbol | Exchange | Market Cap | Stock Price (as of 2024) |
|---|---|---|---|
| LTRX | NASDAQ | $138.42 million | $4.87 |
Financial Performance
Recent financial metrics for Lantronix:
| Fiscal Year 2023 Revenue | Net Income | Gross Margin |
|---|---|---|
| $93.4 million | $2.1 million | 45.6% |
Product Portfolio
- IoT connectivity platforms
- Secure device networking solutions
- Edge computing devices
- Remote management technologies
Key Business Segments
| Segment | Revenue Contribution |
|---|---|
| Enterprise IoT Solutions | 62% |
| Industrial IoT Solutions | 38% |
Operational Metrics
- Total employees: 247
- Global presence: 5 countries
- R&D investment: $15.6 million in 2023
Who Owns Lantronix, Inc. (LTRX)
Major Institutional Shareholders
| Shareholder | Shares | Percentage |
|---|---|---|
| Roumell Asset Management LLC | 1,302,400 | 8.92% |
| Dimensional Fund Advisors LP | 605,730 | 4.15% |
| Renaissance Technologies LLC | 411,100 | 2.81% |
Insider Ownership
- Paul Soltys (CEO): 218,000 shares
- Jeremy Whitaker (CFO): 32,500 shares
- Board members collectively own: 345,600 shares
Ownership Structure
Lantronix, Inc. is a publicly traded company listed on NASDAQ under ticker LTRX. As of Q4 2023, the company has approximately 14.6 million outstanding shares.
Institutional Ownership Percentage
Total institutional ownership: 39.7% of outstanding shares
Top Institutional Investors
| Investor | Shares Held | Value |
|---|---|---|
| BlackRock Inc. | 512,300 | $3.8 million |
| Vanguard Group Inc. | 476,500 | $3.5 million |
Lantronix, Inc. (LTRX) Mission Statement
Company Overview
Lantronix, Inc. is a global provider of secure IoT connectivity solutions. As of 2024, the company is traded on NASDAQ under the ticker LTRX.
Financial Performance
| Fiscal Year | Revenue | Net Income | Market Cap |
|---|---|---|---|
| 2023 | $66.3 million | $2.1 million | $107.4 million |
Core Business Objectives
- Develop advanced IoT connectivity and edge computing solutions
- Provide secure device management platforms
- Support digital transformation across multiple industries
Product Portfolio
Key product categories include:
- IoT Gateways
- Edge Computing Devices
- Secure Remote Management Solutions
Market Segments
| Industry | Market Penetration |
|---|---|
| Industrial Automation | 38% |
| Healthcare | 22% |
| Transportation | 18% |
Strategic Focus
Primary Strategic Goals:
- Expand global IoT connectivity solutions
- Enhance cybersecurity capabilities
- Drive innovation in edge computing technologies
Research and Development
Annual R&D Investment: $8.7 million (2023)
Global Presence
- Headquarters: Irvine, California
- International Offices: United States, Europe, Asia
How Lantronix, Inc. (LTRX) Works
Company Overview
Lantronix, Inc. is a global provider of secure industrial IoT (Internet of Things) connectivity solutions. Headquartered in Irvine, California, the company trades on the NASDAQ under the ticker LTRX.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $66.5 million |
| Net Income | $2.1 million |
| Gross Margin | 49.3% |
| Market Capitalization | $137.6 million |
Product Portfolio
- Industrial IoT Connectivity Solutions
- Secure Remote Access Devices
- Edge Computing Platforms
- Networking Equipment
Key Business Segments
Industrial IoT Solutions: Provides connectivity products for industrial automation, smart infrastructure, and enterprise markets.
Market Segments
| Industry | Market Share |
|---|---|
| Manufacturing | 35% |
| Healthcare | 22% |
| Transportation | 18% |
| Energy | 15% |
Technological Capabilities
- Edge Computing
- Secure Remote Management
- IoT Device Connectivity
- Cloud Integration
Global Presence
Operates in North America, Europe, and Asia-Pacific regions with sales offices in multiple countries.
Stock Performance
| Stock Metric | Current Value |
|---|---|
| Share Price | $5.42 |
| 52-Week High | $7.85 |
| 52-Week Low | $4.11 |
How Lantronix, Inc. (LTRX) Makes Money
Revenue Streams
Lantronix, Inc. generates revenue through the following primary channels:
- Internet of Things (IoT) Solutions
- Edge Computing Devices
- Networking and Connectivity Products
Financial Performance
| Fiscal Year | Total Revenue | Gross Profit | Net Income |
|---|---|---|---|
| 2023 | $59.4 million | $27.8 million | $1.2 million |
Product Portfolio
IoT Device Solutions represent a significant revenue generator, including:
- XPort Remote Access Devices
- Cellular IoT Gateways
- Embedded Computing Modules
Market Segments
| Industry Vertical | Revenue Contribution |
|---|---|
| Industrial Automation | 35% |
| Healthcare | 25% |
| Transportation | 20% |
| Other Sectors | 20% |
Sales Channels
- Direct Enterprise Sales
- Global Distribution Network
- Online Sales Platforms
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| North America | 55% |
| Europe | 25% |
| Asia Pacific | 15% |
| Rest of World | 5% |
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