LTRX earnings call — Earnings calls

Ours

10 facts · valid JSON

LANL reported Q1 FY2026 revenue of $29.8 million and non-GAAP EPS of $0.04, hitting the high end of its guidance range with 3% sequential growth.
Unmanned aerial system OEM engagements accelerated from 10 to 17 customers in Q1, with OE manufacturers Red Cat and others providing follow-on orders.
Management projects the drone vertical could eventually grow to represent 10% to 15% of total company revenue by fiscal year 2027.
KOMpress.ai, a new subscription-based SaaS platform launched with Vodafone IoT, targets industrial air compressor monitoring and is expected to begin generating revenue within 24 months.
GAAP gross margin improved to 45.3% on a non-GAAP basis in Q1, representing the company's highest margin level in recent years driven by favorable product mix and royalty benefits.
The company generated approximately $3.6 million in operating cash flow during the quarter and ended September 30, 2025, with a net cash position of $11.5 million after debt reduction.
A Tier-1 mobile network operator deal for generator tracking, previously estimated at $8-$10 million, recognized revenue in Q1 and is expected to continue shipping quarterly orders throughout the year.
Software and services revenue currently accounts for 5% to 7% of the total but is projected to grow to 10% of the revenue mix in the future.
Q2 FY2026 revenue is guided to be between $28 million and $32 million, with non-GAAP EPS expected in the range of $0.02 to $0.04 per share.
Defense and government drone programs are largely funded through multiyear contracts, meaning ongoing government shutdowns are causing minimal disruption to Lantronex's shipping and design activities.

Qwen 3.5 27B

10 facts · valid JSON

Lantronix reported Q1 2026 revenue of $29.8 million, representing a 3% sequential increase and a 3% year-over-year growth excluding Gridspertise.
Non-GAAP earnings per share improved to $0.04 in Q1 2026, up from $0.01 in the prior quarter, driven by gross margin expansion and operating leverage.
Non-GAAP gross margin reached a record 45.3% in Q1 2026, an increase from 40.6% in the previous quarter and 42.6% in the year-ago period.
The company's drone business expanded its OEM engagements from 10 to 17 partners in Q1, with management projecting this segment could reach 10% to 15% of total revenue by fiscal 2027.
Management expects Q2 2026 revenue to range between $28 million and $32 million, with non-GAAP EPS projected between $0.02 and $0.04 per share.
The company generated approximately $3.6 million in positive operating cash flow during the quarter and ended with a net cash position of $11.5 million after paying down debt.
Software and services revenue currently accounts for 5% to 7% of total revenue, with management targeting growth to 7% to 9% and eventually 10% as recurring models scale.
GAAP operating expenses decreased 10% year-over-year to $14.9 million, contributing to a reduction in the GAAP net loss from $2.5 million to $1.4 million.
The company launched Kompress.ai, a subscription-based SaaS platform for the industrial air compressor market, targeting the generation of high-margin recurring revenue over the next 24 months.
Management indicated that defense drone programs are funded through multiyear contracts, resulting in minimal to no disruption from the ongoing government shutdown.

Aux 2015

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PiT-FT 2015

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ChronoGPT 2015

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```json
{
|$29.8 million
}
{
|$14.9 million
}
```

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