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Dec 31, 2023
Lantronix Q2 2024 Earnings Report
Lantronix reported record revenue for the second quarter of fiscal year 2024.
Key Takeaways
Lantronix reported net revenue of $37.0 million, an 18% increase year-over-year. The company's GAAP EPS was ($0.07), while non-GAAP EPS was $0.08.
Net revenue totaled $37.0 million, up 12% sequentially and up 18% year-over-year.
GAAP EPS was ($0.07), compared to ($0.07) in the prior year and ($0.05) in the prior quarter.
Non-GAAP EPS was $0.08, compared to $0.04 in the prior year and $0.07 in the prior quarter.
The company expects revenue in a range of $38 million to $42 million and non-GAAP EPS of $0.09 to $0.13 per share for the third fiscal quarter of 2024.
Lantronix
Lantronix
Forward Guidance
For the third fiscal quarter of 2024, the company expects revenue in a range of $38 million to $42 million and non-GAAP EPS of $0.09 to $0.13 per share. For fiscal year 2024, the company expects revenue in a range of $155 million to $165 million and non-GAAP EPS in a range of $0.35 to $0.45 per share.