Lantronix Inc. reported its second quarter fiscal 2025 results on February 6, 2025, with net revenue totaling $31.2 million, which was near the midpoint of its guidance range. The GAAP EPS was ($0.06), compared to ($0.07) in the prior year, and non-GAAP EPS was $0.04, compared to $0.08 in the prior year.
Revenue for the quarter was down approximately $5.9 million or 16% year-over-year, primarily due to lower activity in some out-of-band management and switch products. The company noted a slower than anticipated rollout by its large smart grid customer in Europe, which is expected to impact the third quarter.
Lantronix confirmed that its cost reduction initiatives are substantially complete, and it is on track to reduce fiscal 2025 non-GAAP operating expenses by approximately $4.5 million compared to fiscal 2024. For the third fiscal quarter of 2025, the company expects revenue in the range of $27.0 million to $31.0 million and non-GAAP EPS of $0.01 to $0.05 per share.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.