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Mar 31, 2023
Lantronix Q3 2023 Earnings Report
Lantronix's Q3 2023 results reflected sequential and year-over-year revenue growth, alongside GAAP and non-GAAP EPS figures.
Key Takeaways
Lantronix reported a net revenue of $33.0 million, a 5% increase sequentially and a 2% increase year-over-year. The GAAP EPS was ($0.08), while the non-GAAP EPS was $0.06.
Net revenue reached $33.0 million, showing sequential and year-over-year growth.
GAAP EPS was reported at ($0.08).
Non-GAAP EPS was $0.06.
The company expects Q4 fiscal year 2023 revenues between $33 to $36 million.
Lantronix
Lantronix
Forward Guidance
The company anticipates revenues between $33 and $36 million and non-GAAP EPS between $0.06 and $0.08 for the fourth quarter of fiscal year 2023. For fiscal year 2024, the company expects revenue in a range of $175 to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.