# Lantronix Inc. (LTRX) Q4 2025 Financial Results Summary
IRVINE, Calif., Aug. 27, 2025 – Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today reported results for the fiscal fourth quarter and full year ended June 30, 2025.
## Q4 FY2025 Financial Highlights
– **Net Revenue**: $28.8 million
– Decrease of 41.3% compared to Q4 2024 ($49.1 million).
– **GAAP EPS**: ($0.07)
– Compared to a profit of $0.01 in Q4 2024.
– **Non-GAAP EPS**: $0.01
– Compared to a profit of $0.15 in Q4 2024.
## FY2025 Financial Highlights
– **Net Revenue**: $122.9 million
– Decrease of 23.3% from $160.3 million in FY2024.
– **GAAP EPS**: ($0.29)
– Decrease from ($0.12) in FY2024.
– **Non-GAAP EPS**: $0.14
– Down from $0.40 in FY2024.
## Q4 FY2025 and Recent Business Highlights
– **Multi-Year Contract**: Secured with a Tier-1 U.S. wireless operator for managing nationwide backup power systems using Lantronix Edge gateways, aimed at enhancing network resilience and reducing operational costs.
– **Defense Sector Engagement**: Collaborated with Red Cat’s Teal Drones, powering U.S. Army-approved Black Widow™ drones which resulted in revenue visibility for early FY2026 and future high-margin growth opportunities.
– **Partnership with Aerora**: Focused on delivering Edge AI-enabled solutions for autonomous navigation in drones and robotics, aimed at accelerating AI development.
– **Product Launch**: Introduced the NTC-500 Series industrial-grade 5G routers for private 5G, aimed at improving enterprise mobility with low-latency connectivity.
– **Leadership Expansion**: Three key hires were announced to strengthen growth in Edge IoT and Network Infrastructure:
– **Todd Rychecky**: Head of Out-of-Band Management.
– **Eric Johnson**: Leader of Compute Ecosystem strategy.
– **Scott Wallace**: Head of Project Management Office.
## Q1 FY2026 Financial Outlook
– **Revenue Guidance**: Expected between $28.5 million to $30.5 million.
– **Non-GAAP EPS Guidance**: Projected at $0.02 to $0.04.
## Additional Information
– **Shareholder Returns**: There were no quarterly dividends declared or share repurchase announcements in the reported quarter.
– **Cash and Cash Equivalents**: $20.1 million as of June 30, 2025, down from $26.2 million a year earlier.
– **Operational Efficiency**: Noted improvements in supply chain resilience.
– **Strategic Transformation**: Emphasizing the repositioning to align resources with high-impact growth opportunities.
This summary captures the core financial outcomes and strategic developments at Lantronix Inc. during Q4 FY2025, offering insights into their business performance and future prospects. For further information, investors are encouraged to refer to the company’s official channels.
Here are the extracted tables from the press release:
### Unaudited Consolidated Statements of Operations (In thousands, except per share data)
| Three Months Ended | Years Ended | ||||
|---|---|---|---|---|---|
| June 30, 2025 | March 31, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
| Net revenue | $28,839 | $28,500 | $49,075 | $122,923 | $160,327 |
| Cost of revenue | 17,302 | 16,097 | 30,353 | 71,224 | 95,973 |
| Gross profit | 11,537 | 12,403 | 18,722 | 51,699 | 64,354 |
| Operating expenses: | |||||
| Selling, general and administrative | 9,009 | 8,959 | 11,059 | 36,246 | 40,206 |
| Research and development | 4,194 | 4,463 | 5,265 | 18,597 | 20,282 |
| Restructuring, severance and related | 861 | 1,581 | 523 | 3,535 | 1,423 |
| charges | |||||
| Acquisition-related costs | 34 | 100 | – | 371 | – |
| Fair value remeasurement of earnout | – | – | – | – | (9) |
| consideration | |||||
| Amortization of intangible assets | 573 | 879 | 1,310 | 3,951 | 5,314 |
| Total operating expenses | 14,671 | 15,982 | 18,157 | 62,700 | 67,216 |
| Income (loss) from operations | (3,134) | (3,579) | 565 | (11,001) | (2,862) |
| Interest expense, net | (107) | (159) | (175) | (511) | (916) |
| Other income (expense), net | (52) | (19) | 9 | (100) | 7 |
| Income (loss) before income taxes | (3,293) | (3,757) | 399 | (11,612) | (3,771) |
| Provision for (benefit from) income | (662) | 111 | 13 | (239) | 745 |
| taxes | |||||
| Net income (loss) | $(2,631) | $(3,868) | $386 | $(11,373) | $(4,516) |
| Net income (loss) per share – basic | $(0.07) | $(0.10) | $0.01 | $(0.29) | $(0.12) |
| Net income (loss) per share – diluted | $(0.07) | $(0.10) | $0.01 | $(0.29) | $(0.12) |
| Weighted-average common shares – basic | 38,975 | 38,820 | 37,697 | 38,613 | 37,386 |
| Weighted-average common shares – diluted | 38,975 | 38,820 | 38,096 | 38,613 | 37,386 |
### Unaudited Consolidated Balance Sheets (In thousands, except share and par value data)
| June 30, 2025 | June 30, 2024 | |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $20,098 | $26,237 |
| Accounts receivable, net | 25,092 | 31,279 |
| Inventories, net | 26,371 | 27,698 |
| Contract manufacturers’ receivable | 3,071 | 1,401 |
| Prepaid expenses and other current | 2,761 | 2,335 |
| assets | ||
| Total current assets | 77,393 | 88,950 |
| Property and equipment, net | 2,456 | 4,016 |
| Goodwill | 31,089 | 27,824 |
| Intangible assets, net | 3,738 | 5,251 |
| Lease right-of-use assets | 8,422 | 9,567 |
| Other assets | 624 | 600 |
| Total assets | $123,722 | $136,208 |
| Liabilities and stockholders’ equity | ||
| Current Liabilities: | ||
| Accounts payable | $13,259 | $10,347 |
| Accrued payroll and related expenses | 3,471 | 5,836 |
| Current portion of long-term debt, net | 3,070 | 3,002 |
| Other current liabilities | 10,622 | 10,971 |
| Total current liabilities | 30,422 | 30,156 |
| Long-term debt, net | 8,684 | 13,219 |
| Other non-current liabilities | 10,238 | 11,478 |
| Total liabilities | 49,344 | 54,853 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | – | – |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 39,102,563 and 37,872,883 shares issued and outstanding at June 30, 2025 and 2024, respectively | 4 | 4 |
| Additional paid-in capital | 308,397 | 304,001 |
| Accumulated deficit | (234,394) | (223,021) |
| Accumulated other comprehensive income | 371 | 371 |
| Total stockholders’ equity | 74,378 | 81,355 |
| Total liabilities and stockholders’ equity | $123,722 | $136,208 |
