Lantronix Reports Year-over-Year Revenue Growth of 9 percent
Lantronix (NASDAQ:LTRX) announced results for fourth quarter and fiscal year ended June 30, 2018 with the company reporting year-over-year-revenue growth of nine percent. Lantronix, a global provider of secure data access and management solutions for the industrial Internet of Things reported net revenue of US$12 million for the fourth quarter. As quoted in the press release: …
Lantronix (NASDAQ:LTRX) announced results for fourth quarter and fiscal year ended June 30, 2018 with the company reporting year-over-year-revenue growth of nine percent.
Lantronix, a global provider of secure data access and management solutions for the industrial Internet of Things reported net revenue of US$12 million for the fourth quarter.
As quoted in the press release:
Financial Highlights for Fourth Quarter of Fiscal 2018
- Gross profit margin of 57.1%, compared with 51.3% for the fourth quarter of fiscal 2017
- GAAP net income of $752,000, or $0.04 per share, the third consecutive quarter of GAAP profitability
- Non-GAAP net income of $1.2 million, the tenth consecutive quarter of non-GAAP profitability
Financial Highlights for Fiscal Year 2018
- Net revenue of $45.6 million, an increase of 2% from fiscal year 2017
- Gross profit margin of 55.7%, an improvement of 300 basis points from fiscal year 2017
- GAAP net income of $680,000, or $0.04 per share, compared with GAAP net loss of $277,000, or $0.02 per share in fiscal year 2017
- Non-GAAP net income of $2.9 million, compared with non-GAAP net income of $1.6 million in fiscal year 2017
- Cash and cash equivalents grew to $9.6 million, an increase of 19% from fiscal year 2017
- IoT and IT management product line revenue grew by 6% and 4%, respectively
“We finished fiscal year 2018 with solid momentum that we can build on in the new year. We continued to make progress on our IoT strategy and laid the foundation for accelerating our growth,” said Jeffrey Benck, Lantronix president and CEO. “Reflecting on the year, we grew the business again, expanded gross margins by 300 basis points and nearly doubled our non-GAAP net income over FY17. I am also proud of the team for achieving our first full year of GAAP profitability in 18 years.”
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1849.23 | -4.82 | |
Silver | 21.97 | -0.01 | |
Copper | 4.27 | +0.01 | |
Palladium | 2012.00 | +14.00 | |
Platinum | 950.00 | +3.00 | |
Oil | 114.31 | +3.98 | |
Heating Oil | 3.84 | +0.10 | |
Natural Gas | 9.30 | +0.33 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.