LTRX on Nasdaq

LANTRONIX INC

American computer communications equipment company based in Felton. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$120.9MRevenue, fiscal 20263
-$4.2MNet income, fiscal 20263

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  • TickerLTRX on Nasdaq2
  • IndustryComputer Communications Equipment2
  • HeadquartersFelton, United States2
  • Incorporated inDE4
  • Business address48 Discovery, Suite 250, Irvine, Ca 926184
  • Filer categoryAccelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI529900SB1TZLV767KQ312
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o TELOS LEGAL CORP., 13 WEST MAIN STREET P.O. BOX 953, 19943 Felton, United States2
  • Registered withDivision of Corporations, Department of State, 32337382

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Enterprise: In the financial sector, we provide solutions to a Tier 1 banking customer to enhance network resiliency using our Out-of-Band (“OOB”) Management offerings. Our hardware and software offerings provide secure alternative pathways for critical infrastructure, including servers, networks, and routers. These solutions not only bolster cybersecurity and tracking but also improve operational efficiency through enhanced automation, uptime, and resiliency.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

43.8%Gross margin3
-3.4%Operating margin3
-3.5%Net margin3
-1.6%Revenue growth, 20263
-3.5%Return on equity3
0.00×Debt to equity3
$9.3MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

IoT System Solutions brought in 48% of the revenue LANTRONIX INC broke down this way in fiscal 2026.

  1. IoT System Solutions$58.3M348%down 15% from 2025
  2. Embedded IoT Solutions$53.6M344%up 16% from 2025
  3. Software And Services$9.0M37%up 16% from 2025
Products and services by year
Products and services20252026
IoT System Solutions$68.7M$58.3M
Embedded IoT Solutions$46.4M$53.6M
Software And Services$7.8M$9.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue0¢$255.0K
  • Research and development15¢$17.6M
  • Selling, general and admin31¢$37.0M
  • Other costs54¢$65.8M
  • Income tax0¢$279.0K

Out of $120.9M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending6¢$612.0K
  • Kept or used elsewhere94¢$9.3M

Out of $9.9M of cash from operations.3

Financial statements

Revenue678910113$120.9M in 2026+158% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $46.9M$46.9M20192020: $59.9M$59.9M2020+28%2021: $71.5M$71.5M2021+19%2022: $129.7M$129.7M2022+81%2023: $131.2M$131.2M2023+1%2024: $160.3M$160.3M2024+22%2025: $122.9M$122.9M2025−23%2026: $120.9M$120.9M2026−2%
Gross profit678910113$52.9M in 2026+101% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $26.3M$26.3M20192020: $26.9M$26.9M2020+2%2021: $33.0M$33.0M2021+23%2022: $55.6M$55.6M2022+68%2023: $56.3M$56.3M2023+1%2024: $64.4M$64.4M2024+14%2025: $51.7M$51.7M2025−20%2026: $52.9M$52.9M2026+2%
Operating income678910113-$4.1M in 2026+744% since 2019
-$15.0M-$10.0M-$5.0M02019: -$488.0K-$488.0K20192020: -$10.5M-$10.5M2020+2059%2021: -$3.3M-$3.3M2021−68%2022: -$5.0M-$5.0M2022+50%2023: -$6.7M-$6.7M2023+33%2024: -$2.9M-$2.9M2024−57%2025: -$11.0M-$11.0M2025+284%2026: -$4.1M-$4.1M2026−63%
Net income678910113-$4.2M in 2026+925% since 2019
-$15.0M-$10.0M-$5.0M02019: -$408.0K-$408.0K20192020: -$10.7M-$10.7M2020+2532%2021: -$4.0M-$4.0M2021−62%2022: -$5.4M-$5.4M2022+33%2023: -$9.0M-$9.0M2023+67%2024: -$4.5M-$4.5M2024−50%2025: -$11.4M-$11.4M2025+152%2026: -$4.2M-$4.2M2026−63%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-06-302025-06-30
Net revenue$120.9M$122.9M
Cost of revenue$68.0M$71.2M
Gross profit$52.9M$51.7M
Selling, general and administrative$37.0M$36.2M
Research and development$17.6M$18.6M
Restructuring, severance and related charges$566.0K$3.5M
Acquisition-related costs$315.0K$371.0K
Amortization of intangible assets$1.6M$4.0M
Total operating expenses$57.0M$62.7M
Loss from operations-$4.1M-$11.0M
Interest income (expense), net$133.0K-$511.0K
Other income (expense), net$86.0K-$100.0K
Loss before income taxes-$3.9M-$11.6M
Provision for (benefit from) income taxes$279.0K-$239.0K
Net loss and comprehensive loss-$4.2M-$11.4M
Net loss per share - basic-$0.10-$0.29
Net loss per share - diluted-$0.10-$0.29
Weighted-average common shares - basic40.1M shares38.6M shares
Weighted-average common shares - diluted40.1M shares38.6M shares

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Leadership

Who has led LANTRONIX INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Marc H. Nussbaum2006–2007
  2. Jerry D. Chase2008–2011
  3. Investment Gmbh Tl2008
  4. Larry D. Sanders2011
  5. Jeff Benck2015–2019
  6. Jeremy Whitaker2019–2023
  7. Paul H. Pickle2019–2023
  8. Saleel Awsare2023–now

President

  1. Jerry D. Chase2008–2011
  2. Investment Gmbh Tl2008
  3. Paul H. Pickle2019–2023
  4. Saleel Awsare2023–now

Chief financial officer

  1. James W. Kerrigan2006–2011
  2. Reagan Sakai2006–2011
  3. Jeremy Whitaker2011–2024
  4. Brent Michael Stringham2024–now
2010201520202025
Board members and other officers (43)

Former names

  • LANTRONIXSep 28, 2000 to Feb 2, 20014

Timeline

  1. Nov 21, 2023New chief executive Saleel Awsare becomes CEO15
  2. Apr 23, 2019New chief executive Paul H. Pickle becomes CEO17
  3. Mar 15, 2019New chief executive Jeremy Whitaker becomes CEO16
  4. Dec 7, 2015New chief executive Jeff Benck becomes CEO18
  5. Aug 18, 2011New chief executive Larry D. Sanders becomes CEO19
  6. May 6, 2008New chief executive Investment Gmbh Tl becomes CEO21
  7. Feb 28, 2008New chief executive Jerry D. Chase becomes CEO20
  8. Feb 21, 2006New chief executive Marc H. Nussbaum becomes CEO22
  9. May 24, 2000Founded LANTRONIX INC is founded2

Filings

374 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 228 insider forms, 18 large holders, 46 other. The latest 20:

  1. Oct 13, 2026SCHEDULE 13G EDGAR
  2. Sep 28, 2026SCHEDULE 13G EDGAR
  3. Sep 22, 2026ARS EDGAR
  4. Sep 22, 2026DEFA14A EDGAR
  5. Sep 22, 2026DEF 14A EDGAR
  6. Sep 9, 20264 EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 3, 20264 EDGAR
  11. Aug 28, 20264 EDGAR
  12. Aug 28, 20264 EDGAR
  13. Aug 28, 20264 EDGAR
  14. Aug 28, 20264 EDGAR
  15. Aug 27, 202610-K FORM 10-K FOR JUN 2026 EDGAR
  16. Aug 27, 20268-K CURRENT REPORT EDGAR
  17. Aug 26, 20264 EDGAR
  18. Aug 26, 20268-K CURRENT REPORT EDGAR
  19. Aug 10, 20264 EDGAR
  20. Jul 14, 20264 EDGAR

The 374 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

114 open-market trades by officers, directors and large owners since October 2021: 22 buys and 92 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026Awsare SaleelPresident & CEOBuy15,000$5.18$77.7KForm 4
Mar 13, 2026Gurusamy MathiChief Product & Strategy OfcrSale14,467$6.21$89.8KForm 4
Sep 5, 2025BRUSCHA BERNHARD10% ownerSale12,993$4.64$60.3KForm 4
Sep 2, 2025BRUSCHA BERNHARD10% ownerSale10,000$5.03$50.3KForm 4
May 21, 2025Chittipeddi SaileshDirectorBuy10,000$2.24$22.4KForm 4
May 14, 2025Derhacobian NarbehDirectorBuy5,000$2.33$11.7KForm 4
May 14, 2025PRINTER HOSHIDirectorBuy10,000$2.28$22.8KForm 4
May 13, 2025Awsare SaleelPresident & CEOBuy15,011$2.11$31.7KForm 4
Mar 6, 2025Derhacobian NarbehDirectorBuy10,000$2.67$26.7KForm 4
Mar 5, 2025PRINTER HOSHIDirectorBuy15,000$2.70$40.5KForm 4
Feb 28, 2025Palatnik Kevin S.DirectorBuy20,000$2.54$50.8KForm 4
Feb 28, 2025Awsare SaleelPresident & CEOBuy15,000$2.53$38.0KForm 4
Nov 27, 2024PRINTER HOSHIDirectorBuy350$2.85$998Form 4
Nov 26, 2024PRINTER HOSHIDirectorBuy15,000$2.90$43.5KForm 4
Nov 13, 2024Awsare SaleelPresident & CEOBuy80,000$2.66$212.8KForm 4
Nov 12, 2024BRACE PHILIP GDirectorBuy20,000$2.65$53.0KForm 4
Oct 16, 2024BRUSCHA BERNHARD10% ownerSale32,500$4.20$136.5KForm 4
Oct 15, 2024BRUSCHA BERNHARD10% ownerSale20,000$4.08$81.6KForm 4
Sep 30, 2024BRUSCHA BERNHARD10% ownerSale25,000$4.17$104.2KForm 4
Sep 13, 2024BRUSCHA BERNHARD10% ownerSale49,532$4.47$221.4KForm 4

All 114 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Needham Investment Management LLC3,150,000$18.5M0.6%New
BlackRock, Inc.2,220,337$13.1M0.0%+1,920,103
Vanguard Capital Management LLC1,550,312$9.1M0.0%+84,434
State Street Corp1,380,831$8.1M0.0%+1,128,430
AWM Investment Company, Inc.1,250,000$7.3M0.6%New
Royce & Associates LP1,216,086$7.2M0.1%+389,760
Heartland Advisors Inc900,000$5.3M0.2%No change
Geode Capital Management, LLC897,115$5.3M0.0%+497,805
Two Sigma Investments, LP838,158$4.9M0.0%+313,756
Dimensional Fund Advisors LP815,064$4.8M0.0%+16,946
Citadel Advisors LLC786,904$4.6M0.0%+512,531
Renaissance Technologies LLC764,888$4.5M0.0%+74,694
Jacobs Levy Equity Management, Inc738,721$4.3M0.0%+335,076
Manatuck Hill Partners, LLC677,267$4.0M1.3%+186,667
Essex Investment Management Co LLC662,070$3.9M0.5%+319,581
Soviero Asset Management, LP580,000$3.4M1.7%−70,000
Deutsche Bank Ag\565,750$3.3M0.0%+35,356
Arrowstreet Capital, Limited Partnership559,450$3.3M0.0%−385,575
Morgan Stanley546,205$3.2M0.0%+78,637
Qube Research & Technologies Ltd500,062$2.9M0.0%+289,014
Trexquant Investment LP487,705$2.9M0.0%+272,468
Balyasny Asset Management L.P.425,000$2.5M0.0%New
Inspire Investing, LLC335,880$2.0M0.1%New
Nano Cap New Millennium Growth Fund L P305,000$1.8M1.4%+30,000
Goldman Sachs Group Inc302,187$1.8M0.0%+146,952

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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