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Dec 31, 2021
Lantronix Q2 2022 Earnings Report
Reported record results, with revenue up 103% year-over-year and 22% sequentially, and raised full year fiscal 2022 revenue guidance.
Key Takeaways
Lantronix reported record results for the second quarter of fiscal 2022. Net revenue totaled $33.7 million, up 103 percent year-over-year and up 22 percent sequentially. The company raised its full year fiscal 2022 revenue guidance to a range of $112.5 million to $127.5 million.
Net revenue totaled $33.7 million, up 103 percent year-over-year and up 22 percent sequentially.
GAAP EPS was ($0.08), compared to ($0.05) in the prior year.
Non-GAAP EPS was $0.10, compared to $0.03 in the prior year.
The company raised its full year fiscal 2022 revenue guidance to a range of $112.5 million to $127.5 million.
Lantronix
Lantronix
Forward Guidance
The company raised its full year fiscal 2022 revenue guidance to a range of $112.5 million to $127.5 million, representing growth of 57 to 78 percent year over year. After adjusting the share count for its recent capital raise, the company expects non-GAAP EPS in the range of $0.32 to $0.40 cents per share.