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Mar 31, 2020
Lantronix Q3 2020 Earnings Report
Reported record revenue, driven by significant year-over-year and sequential growth.
Key Takeaways
Lantronix reported a strong Q3 2020 with net revenue reaching $16.5 million, a 34% increase year-over-year and 25% sequentially. GAAP EPS was ($0.19), while non-GAAP EPS was $0.02.
Net revenue totaled $16.5 million, up 34% year over year and 25% sequentially.
GAAP EPS was ($0.19), compared to $0.04 in the year-ago quarter.
Non-GAAP EPS was $0.02, compared to $0.05 in the year-ago third quarter.
Lantronix expects net revenue and non-GAAP EPS growth on a sequential basis for the fourth quarter of fiscal 2020.
Lantronix
Lantronix
Forward Guidance
Lantronix expects net revenue and non-GAAP EPS growth on a sequential basis for the fourth quarter of fiscal 2020.
Positive Outlook
- Expect to deliver sequential revenue growth in the fourth quarter of fiscal 2020.
- Expect to deliver sequential non-GAAP earnings growth in the fourth quarter of fiscal 2020.
- Bolstered by quarter-to-date order strength in IoT products.
- Bolstered by backlog in IoT products.
- Covid-19 has focused the world including our customer base on the importance of connectivity.
Challenges Ahead
- Due to the uncertainties caused by the COVID-19 pandemic that may impact our supply chain, Lantronix is suspending more specific guidance.