Lantronix Reports Q1 2027 Growth Driven by Unmanned Systems and Nero Acquisition
Lantronix (LTRX) reported strong fiscal first quarter results, with net revenue rising 8% year-over-year to $32.4 million. The growth was primarily fueled by the Embedded IoT Solutions segment, which saw a 37% increase driven by edge compute platforms for unmanned aircraft programs. Non-GAAP net income also rose significantly, up 50% to $2.2 million. The company is successfully pivoting toward higher-margin recurring revenue following its acquisition of Nero Global Tracking, with software and services now accounting for over 10% of total revenue. While inventory levels increased to $31 million to mitigate supply chain risks regarding memory components, management provided optimistic Q2 guidance suggesting continued double-digit year-over-year growth.
Tickers: $LTRX
Topics: Financial Guidance Gross Margin IoT Solutions Net Income Revenue Growth Unmanned Systems
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