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Mar 31, 2021
Lantronix Q3 2021 Earnings Report
Lantronix's Q3 fiscal 2021 results were reported, showing revenue growth and improved earnings per share.
Key Takeaways
Lantronix reported a 4% year-over-year increase in net revenue, reaching $17.1 million. GAAP EPS improved to ($0.04) and Non-GAAP EPS was $0.05.
Net revenue totaled $17.1 million, up 4% year over year.
GAAP EPS improved to ($0.04), compared to ($0.19) in the prior year.
Non-GAAP EPS was $0.05, compared to $0.02 in the prior year.
Demand for solutions strengthened, product mix improved, and gross margin saw strong sequential improvement.
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 100-175 percent.