Loading...
•
Jun 30, 2020
Lantronix Q4 2020 Earnings Report
Reported record revenue for the fourth quarter of fiscal year 2020.
Key Takeaways
Lantronix reported a 71% year-over-year increase in net revenue, reaching $17.4 million for the fourth quarter of fiscal year 2020. GAAP EPS was ($0.06), while non-GAAP EPS was $0.04.
Net revenue totaled $17.4 million, up 71% year over year and 5% sequentially.
GAAP EPS was ($0.06), compared to ($0.19) in the prior fiscal quarter.
Non-GAAP EPS was $0.04, compared to $0.02 in the prior fiscal quarter.
Non-GAAP operating expenses fell from 50% to 32% of revenues year over year.
Lantronix
Lantronix
Forward Guidance
Lantronix expects net revenue to be flat to up slightly and non-GAAP EPS growth on a sequential basis for the first quarter of fiscal 2021. For the full year fiscal 2021, the company currently expects revenue growth of 20%-25%, with year over year non-GAAP EPS growth on the order of 120%-160%.