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Sep 30, 2022
Lantronix Q1 2023 Earnings Report
Lantronix reported first quarter of fiscal year 2023 results.
Key Takeaways
Lantronix reported a net revenue of $31.8 million, a 15% increase year-over-year. The GAAP EPS was ($0.05) and the non-GAAP EPS was $0.07.
Net revenue totaled $31.8 million, up 15 percent year-over-year.
GAAP EPS was ($0.05), compared to ($0.08) in the prior year.
Non-GAAP EPS was $0.07, compared to $0.08 in the prior year.
The company is raising its full year fiscal 2023 revenue and non-GAAP EPS estimates to reflect its recent acquisition.
Lantronix
Lantronix
Forward Guidance
The company expects full year fiscal 2023 revenues in a range of $155 to $165 million, up 20 percent to 27 percent year over year, and non-GAAP EPS in a range of $0.41 to $0.46 per share, up 24 percent to 39 percent year over year.