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Mar 31, 2022
Lantronix Q3 2022 Earnings Report
Lantronix reported third quarter results for fiscal year 2022.
Key Takeaways
Lantronix reported net revenue of $32.3 million, up 89% year-over-year. GAAP EPS was ($0.09) and non-GAAP EPS was $0.08. The company raised its full year fiscal 2022 revenue guidance to a range of $125 million to $129 million.
Net revenue totaled $32.3 million, up 89 percent year-over-year.
GAAP EPS was ($0.09), compared to ($0.04) in the prior year.
Non-GAAP EPS was $0.08, compared to $0.05 in the prior year.
Full year fiscal 2022 revenue guidance was raised to a range of $125 million to $129 million.
Lantronix
Lantronix
Forward Guidance
The company expects continuing growth in the fourth quarter and is raising its full year fiscal 2022 revenue guidance to a range of $125 million to $129 million, representing growth of approximately 75 percent to 80 percent year-over-year. Lantronix now expects non-GAAP EPS in the range of $0.31 to $0.37 cents per share, up approximately 64 percent to 95 percent year-over-year.
Positive Outlook
- Expecting continuing growth in the fourth quarter.
- Full year fiscal 2022 revenue guidance raised to a range of $125 million to $129 million.
- Revenue growth of approximately 75 percent to 80 percent year-over-year expected.
- Non-GAAP EPS in the range of $0.31 to $0.37 cents per share expected.
- Non-GAAP EPS growth of approximately 64 percent to 95 percent year-over-year expected.
Challenges Ahead
- Supply chain dynamics remain challenging.