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Lantronix reported net revenue of $34.9 million, a 6% sequential increase but a 3% year-over-year decrease. GAAP EPS was reported as ($0.05), while non-GAAP EPS was $0.06.
Net revenue totaled $34.9 million, up 6% sequentially.
Net revenue decreased by 3% year-over-year.
GAAP EPS was ($0.05).
Non-GAAP EPS was $0.06.
For fiscal year 2024, the company continues to expect revenue in a range of $175 million to $185 million and non-GAAP EPS in a range of $0.50 to $0.60 per share.
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