LTRX · Nasdaq · Technology
Lantronix, Inc. (LTRX) — Rank #181 by gross profitability (GP/assets 0.33) · ROE -3.5% · Piotroski F-Score 6 / 9.
As-of 2026-10-30 · CIK 0001114925 · all metrics point-in-time as of the filing date.
About
Lantronix, Inc. develops, markets, and sells industrial and enterprise internet of things (IoT) products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.
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The company's embedded IoT solutions provides embedded products, including compute system-on-module and system-in-package solutions; and application processing solutions for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications. It also provides IoT systems solutions, which includes routing, switching or gateway functionalities, telematics, and media conversion; wired and wireless connections which enhances modern electronic systems and equipment by providing 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 other functions; and pre-certified products. In addition, the company offers single-pane-of-glass management for out-of-band (OOB) and industrial IoT deployments that enables customers to deploy, monitor, manage, and automate deployments; GPS-based vehicle and asset tracking capabilities for fleet, municipal, and industrial asset tracking customers; engineering services comprising turnkey product development or team augmentation; extended warranty, support, and maintenance services related to OOB and certain other product families. Further, it provides intelligent computing, secure connectivity, and remote management for mission-critical applications, enabling customers to optimize operations, enhance security and accelerate digital transformation; and hardware, software, services, and powers applications from mission-critical autonomous platforms and edge analytics for critical infrastructure to intelligent surveillance and secure network management. Lantronix, Inc.
was incorporated in 1989 and is headquartered in Irvine, California.
- Industry
- Communication Equipment
- Sector
- Technology
- State
- DE
- Filer Category
- Accelerated filerSmaller reporting company
- Fiscal Year End
- June 30
- Website
- lantronix.com
Company Snapshot
P/S is the primary valuation lens for pre-profit companies.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
327
Industry
Communication Equipment
Exchange
Nasdaq
10/12
Flags passed
LTRX fails 1 critical flag
Passes 10 of 12 quality flags, 1 caution
- FAILRevenue declining YoY
Revenue contracted year over year
- CAUTIONDilution above 2%
Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
- PASSGross margin holding
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
0/2 passBurn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 68th percentile of 26 SIC 35 peers
Gross profitability (GP / assets)
0.33
Primary signal (Novy-Marx).
68th pctl of 26 SIC 35 peers
Return on equity
-3.5%
Gross margin
43.8%
52nd pctl of 26 SIC 35 peers
Revenue growth (YoY)
-1.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-2.7%
Revenue CAGR (5Y)
11.1%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 322% above net income
Free cash flow
$9.27M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
321.6%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
5.2%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Caution: Dilution above 2% · net cash $60.47M, F-Score 6/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.34
96th pctl of 26 SIC 35 peers (best = lowest)
Current ratio
3.66×
100th pctl of 26 SIC 35 peers
Quick ratio
2.67×
Net cash
$60.47M
Cash & equivalents minus total debt.
Piotroski F-Score
6 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
3.0 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports