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Sep 30, 2021
Lantronix Q1 2022 Earnings Report
Reported record results for the first quarter of fiscal 2022.
Key Takeaways
Lantronix reported a net revenue of $27.7 million, a 62% increase year-over-year, and a non-GAAP EPS of $0.08, compared to $0.05 in the prior year.
Demand for Lantronix solutions strengthened again in Q1.
Entered the second quarter with record backlog in place.
Integration of the most recent acquisition is well underway.
Expecting to deliver strong year-over-year results for shareholders.
Lantronix
Lantronix
Forward Guidance
The company expects full year fiscal 2022 revenue growth of 54–75 percent with non-GAAP EPS growth of 95–135 percent, taking into account current supply chain dynamics.