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Jun 30, 2022
Lantronix Q4 2022 Earnings Report
Reported record results for the fourth quarter of fiscal year 2022.
Key Takeaways
Lantronix reported a record fourth quarter with net revenue totaling $35.9 million, up 74 percent year-over-year. GAAP EPS was $0.07, compared to ($0.04) in the prior year, and Non-GAAP EPS was $0.08, compared to $0.06 in the prior year.
Net Revenue reached $35.9 Million, a 74% increase Year-Over-Year.
GAAP EPS was $0.07, compared to ($0.04) in the prior year.
Non-GAAP EPS was $0.08, compared to $0.06 in the prior year.
Initiated Full Year Fiscal 2023 Revenue Guidance to a range of $149 Million to $162 Million.
Lantronix
Lantronix
Forward Guidance
The company expects full year fiscal 2023 revenue to range from $149 million to $162 million, representing growth of approximately 15 percent to 25 percent year-over-year. The company further expects fiscal 2023 non-GAAP EPS in the range of $0.39 to $0.44 per share, up approximately 18 percent to 33 percent year-over-year.