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Dec 31, 2020
Lantronix Q2 2021 Earnings Report
Reported second quarter fiscal 2021 results with increased revenue and improved GAAP EPS.
Key Takeaways
Lantronix reported a 25% year-over-year increase in net revenue, totaling $16.6 million for the second quarter of fiscal 2021. GAAP EPS improved, and the company entered Q3 with a record backlog.
Net revenue totaled $16.6 million, up 25% year over year.
GAAP EPS improved to ($0.05), compared to ($0.06) in the prior year.
Non-GAAP EPS was $0.03, compared to $0.03 in the prior year.
The company entered Q3 with a record backlog.
Lantronix
Lantronix
Forward Guidance
For the full year fiscal 2021, the company expects year over year revenue growth of 15-25 percent, with non-GAAP EPS growth on the order of 75-125 percent.