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Dec 31, 2019
Lantronix Q2 2020 Earnings Report
Reported results for the second quarter of fiscal 2020.
Key Takeaways
Lantronix reported a net revenue of $13.2 million, up 9% year over year. GAAP EPS was ($0.06) and Non-GAAP EPS was $0.03.
Net revenue totaled $13.2 million, up 9% year over year and 4% sequentially.
GAAP EPS was ($0.06), compared to $0.01 in the year-ago quarter.
Non-GAAP EPS was $0.03, compared to $0.03 in the year-ago second quarter.
Intrinsyc Technologies acquisition further expanded capabilities within the IoT value stack.
Lantronix
Lantronix
Forward Guidance
For the third quarter of fiscal 2020, Lantronix expects net revenue of $18 million plus or minus 10% and non-GAAP EPS between $0.02 and $0.06. For Fiscal 2020, Lantronix expects net revenue growth between 30% to 35% and non-GAAP EPS growth between 0% to 10%.
Positive Outlook
- Net revenue of $18 million plus or minus 10% is expected for Q3 2020.
- Non-GAAP EPS between $0.02 and $0.06 is expected for Q3 2020.
- Net revenue growth between 30% to 35% is expected for Fiscal Year 2020.
- Non-GAAP EPS growth between 0% to 10% is expected for Fiscal Year 2020.