On November 7, 2024, Lantronix, Inc. (NASDAQ: LTRX), a Delaware corporation, released a press release detailing the company’s financial performance for the first fiscal quarter ending September 30, 2024. The press release highlighted key financial results and insights into the company’s operations for the specified period.
Included in the release was information regarding Lantronix’s management conference call and audio webcast for the first quarter fiscal 2025. The meeting was set for 3:30 p.m. Pacific Time on November 7, 2024, featuring management’s prepared remarks. The company also disclosed a transcript of the conference call on its website, offering investors access to the discussions and insights shared during the session.
The completion of the acquisition is subject to specific conditions, with Lantronix aiming to finalize the transaction during the second quarter of fiscal 2025. Once concluded, Lantronix anticipates the acquisition to be accretive and to further its strategic emphasis on scalable Industrial IoT solutions. The integration of NetComm’s enterprise IoT portfolio is projected to enhance Lantronix’s connectivity solutions, particularly in sectors like critical infrastructure and telecommunications.
The acquisition is set to introduce advanced 4G and 5G solutions that enable rapid Ethernet-to-Cellular and Wi-Fi connectivity tailored for robust and demanding environments. These cutting-edge products, trusted by leading global enterprises, are expected to generate substantial revenue for Lantronix, providing access to additional blue-chip Enterprise customers and untapped geographic markets.
Lantronix, as a global leader in IoT compute and connectivity solutions, continues to focus on high-growth industries such as Smart Cities, Automotive, and Enterprise. The company’s commitment to delivering innovative and customizable IoT solutions across various sectors underscores its position as a leading player in the industry.
For more information and detailed insights, interested parties can visit Lantronix’s official website for updates and developments on these recent announcements.
This article was based on Lantronix’s 8-K SEC filing dated November 7, 2024.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Lantronix’s 8K filing here.
Lantronix Company Profile
Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.
