Lantronix, Inc. (LTRX) 10-Year Financial Performance & Capital Metrics

LTRX • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

AboutLantronix, Inc. provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through 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 various other functions; IoT Compute, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management. It also offers network switches, media converters, power over ethernet, NICS and optical SFPs, system on modules, single board computers, and development kits; and services for mechanical, hardware, and software engineering for camera, audio, and artificial intelligence/machine learning development, as well as xPrintServer. In addition, the company's REM products include out-of-band management, console management, power management, and IP connected keyboard-video-mouse products that offers remote access to IT and networking infrastructure deployed in test labs, data centers, branch offices, remote sites, and server rooms. Further, its SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login. Lantronix, Inc. was founded in 1989 and is headquartered in Irvine, California.Show more

Revenue $123M -23.3%
EBITDA -$5M -207.6%
Net Income -$11M -151.8%
EPS (Diluted) -0.29 -141.7%
Gross Margin 42.06% +4.8%
EBITDA Margin -4.04% -240.3%
Operating Margin -8.95% -401.3%
Net Margin -9.25% -228.5%
ROE -14.61% -157.0%
ROIC -10.5% -333.1%
Debt/Equity 0.28 -12.8%
Interest Coverage -21.53 -589.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓Strong 5Y sales CAGR of 15.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.09%

5Y15.47%

3Y-1.76%

TTM-26.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-100.16%

EPS CAGR

10Y-

5Y-

3Y-

TTM-93.69%

ROCE

10Y Avg-5.53%

5Y Avg-6.67%

3Y Avg-6.73%

Latest-11.04%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.17B	171.71	123.53	19.04%	-3.45%	-6.36%	2.15%	1.95
INSGInseego Corp.	179.02M	11.68	116.80	14.32%	-0.12%		18.67%
DGIIDigi International Inc.	1.62B	43.20	40	1.46%	9.48%	6.41%	6.65%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	30.19M	4.88	12.51	-9.57%	6.78%	12.99%	2.57%	0.10
ASNSActelis Networks, Inc.	3.86M	0.48	-0.06	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	22.22M	3.53	-2.63	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	83.97M	7.02	-5.32	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	756.11M	5.65	-13.14		-10.93%	-9.17%		0.64

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	40.59M	44.73M	45.58M	46.89M	59.88M	71.48M	129.66M	131.19M	160.33M	122.92M
Revenue Growth %	-0.05%	0.1%	0.02%	0.03%	0.28%	0.19%	0.81%	0.01%	0.22%	-0.23%
Cost of Goods Sold+	21.21M	21.15M	20.21M	20.62M	32.98M	38.45M	74.07M	74.92M	95.97M	71.22M
COGS % of Revenue	0.52%	0.47%	0.44%	0.44%	0.55%	0.54%	0.57%	0.57%	0.6%	0.58%
Gross Profit+	19.38M	23.58M	25.37M	26.27M	26.9M	33.02M	55.59M	56.26M	64.35M	51.7M
Gross Margin %	0.48%	0.53%	0.56%	0.56%	0.45%	0.46%	0.43%	0.43%	0.4%	0.42%
Gross Profit Growth %	-0.05%	0.22%	0.08%	0.04%	0.02%	0.23%	0.68%	0.01%	0.14%	-0.2%
Operating Expenses+	21.31M	23.76M	24.56M	24.93M	37.44M	36.36M	60.6M	62.94M	67.22M	62.7M
OpEx % of Revenue	0.52%	0.53%	0.54%	0.53%	0.63%	0.51%	0.47%	0.48%	0.42%	0.51%
Selling, General & Admin	13.6M	15.34M	16.16M	15.66M	19.58M	20.81M	34.24M	35.93M	38.81M	34.89M
SG&A % of Revenue	0.33%	0.34%	0.35%	0.33%	0.33%	0.29%	0.26%	0.27%	0.24%	0.28%
Research & Development	6.91M	7.96M	8.06M	9.08M	9.69M	11.11M	17.69M	19.63M	20.28M	18.6M
R&D % of Revenue	0.17%	0.18%	0.18%	0.19%	0.16%	0.16%	0.14%	0.15%	0.13%	0.15%
Other Operating Expenses	61K	-3K	-8K	-15K	8.16M	4.44M	8.67M	7.39M	8.12M	9.22M
Operating Income+	-1.93M	-183K	804K	2.71M	-10.54M	-3.34M	-5.01M	-6.67M	-2.86M	-11M
Operating Margin %	-0.05%	-0%	0.02%	0.06%	-0.18%	-0.05%	-0.04%	-0.05%	-0.02%	-0.09%
Operating Income Growth %	0.28%	0.91%	5.39%	2.37%	-4.89%	0.68%	-0.5%	-0.33%	0.57%	-2.84%
EBITDA+	-1.17M	411K	1.25M	3.17M	-7.73M	574K	1.61M	865K	4.62M	-4.97M
EBITDA Margin %	-0.03%	0.01%	0.03%	0.07%	-0.13%	0.01%	0.01%	0.01%	0.03%	-0.04%
EBITDA Growth %	0.35%	1.35%	2.03%	1.55%	-3.44%	1.07%	1.8%	-0.46%	4.34%	-2.08%
D&A (Non-Cash Add-back)	759K	594K	442K	464K	2.81M	3.91M	6.62M	7.54M	7.48M	6.04M
EBIT	-1.87M	63K	1.31M	1.34M	-4.41M	-3.53M	-5.72M	-6.75M	-2.85M	-11.1M
Net Interest Income+	-32K	-23K	-18K	236K	-133K	-315K	-1.47M	-1.49M	-916K	-511K
Interest Income	0	0	0	236K	106K	0	0	0	0	0
Interest Expense	32K	23K	18K	0	239K	315K	1.47M	1.49M	916K	511K
Other Income/Expense	29K	-26K	-26K	-1.61M	-56K	-512K	-2.18M	-1.56M	-909K	-611K
Pretax Income+	-1.9M	-209K	778K	-267K	-10.59M	-3.85M	-7.19M	-8.23M	-3.77M	-11.61M
Pretax Margin %	-0.05%	-0%	0.02%	-0.01%	-0.18%	-0.05%	-0.06%	-0.06%	-0.02%	-0.09%
Income Tax+	63K	68K	98K	141K	144K	195K	-1.83M	748K	745K	-239K
Effective Tax Rate %	1.03%	1.33%	0.87%	1.53%	1.01%	1.05%	0.75%	1.09%	1.2%	0.98%
Net Income+	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Margin %	-0.05%	-0.01%	0.01%	-0.01%	-0.18%	-0.06%	-0.04%	-0.07%	-0.03%	-0.09%
Net Income Growth %	0.29%	0.86%	3.45%	-1.6%	-25.32%	0.62%	-0.33%	-0.67%	0.5%	-1.52%
Net Income (Continuing)	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.13	-0.02	0.04	-0.02	-0.42	-0.14	-0.16	-0.25	-0.12	-0.29
EPS Growth %	0.32%	0.88%	3.23%	-1.53%	-21.22%	0.67%	-0.14%	-0.56%	0.52%	-1.42%
EPS (Basic)	-0.13	-0.02	0.04	-0.02	-0.42	-0.14	-0.16	-0.25	-0.12	-0.29
Diluted Shares Outstanding	15.26M	17.45M	19.16M	21.58M	25.28M	28.71M	32.67M	36.26M	37.39M	38.61M
Basic Shares Outstanding	15.26M	17.45M	19.16M	21.58M	25.28M	28.71M	32.67M	36.26M	37.39M	38.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	16.66M	19.38M	23.27M	38.19M	34.51M	43.15M	90.03M	96.55M	88.95M	77.39M
Cash & Short-Term Investments	5.96M	8.07M	9.57M	18.28M	7.69M	9.74M	17.22M	13.45M	26.24M	20.1M
Cash Only	5.96M	8.07M	9.57M	18.28M	7.69M	9.74M	17.22M	13.45M	26.24M	20.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	3.53M	3.91M	4.89M	8.71M	11.75M	15.47M	29.72M	30.7M	32.68M	28.16M
Days Sales Outstanding	31.77	31.89	39.18	67.82	71.61	79.02	83.66	85.42	74.4	83.63
Inventory	6.58M	6.96M	8.44M	10.51M	13.78M	15.06M	37.68M	49.74M	27.7M	26.37M
Days Inventory Outstanding	113.28	120.1	152.4	186.05	152.53	142.95	185.68	242.29	105.34	135.14
Other Current Assets	0	0	0	0	0	0	0	2.66M	2.14M	2.76M
Total Non-Current Assets+	11.12M	10.75M	10.59M	10.75M	33.42M	29.41M	47.34M	55.07M	47.26M	46.33M
Property, Plant & Equipment	1.57M	1.22M	1.04M	1.2M	4.93M	4.01M	11.69M	16.21M	13.58M	10.88M
Fixed Asset Turnover	25.87x	36.72x	44.00x	39.11x	12.14x	17.83x	11.09x	8.09x	11.80x	11.30x
Goodwill	9.49M	9.49M	9.49M	9.49M	15.81M	15.81M	20.77M	27.82M	27.82M	31.09M
Intangible Assets	0	0	0	0	12.45M	9.36M	14.56M	10.56M	5.25M	3.74M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	63K	46K	61K	67K	232K	240K	325K	472K	600K	624K
Total Assets+	27.78M	30.13M	33.85M	48.94M	67.93M	72.57M	137.37M	151.62M	136.21M	123.72M
Asset Turnover	1.46x	1.48x	1.35x	0.96x	0.88x	0.98x	0.94x	0.87x	1.18x	0.99x
Asset Growth %	-0.06%	0.08%	0.12%	0.45%	0.39%	0.07%	0.89%	0.1%	-0.1%	-0.09%
Total Current Liabilities+	7.6M	8.99M	9.73M	11.47M	15.77M	22.86M	35.52M	46.39M	30.16M	30.42M
Accounts Payable	2.72M	2.72M	3.94M	4.72M	5.33M	9.12M	20.64M	12.4M	10.35M	13.26M
Days Payables Outstanding	46.82	46.89	71.19	83.49	59	86.59	101.73	60.41	39.35	67.95
Short-Term Debt	0	0	0	0	1.47M	1.47M	1.67M	2.74M	3M	3.07M
Deferred Revenue (Current)	1000K	1000K	1000K	496K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.29M	2.66M	2.32M	4.04M	181K	197K	594K	788K	5.42M	663K
Current Ratio	2.19x	2.16x	2.39x	3.33x	2.19x	1.89x	2.53x	2.08x	2.95x	2.54x
Quick Ratio	1.33x	1.38x	1.52x	2.41x	1.31x	1.23x	1.47x	1.01x	2.03x	1.68x
Cash Conversion Cycle	98.23	105.1	120.39	170.37	165.14	135.38	167.6	267.3	140.39	150.82
Total Non-Current Liabilities+	463K	455K	316K	206K	5.64M	3.61M	21.96M	27.68M	24.7M	18.92M
Long-Term Debt	116K	59K	4K	0	3.68M	2.21M	14.27M	16.22M	13.22M	8.68M
Capital Lease Obligations	116K	59K	4K	48K	1.8M	1.16M	7.31M	10.43M	8.56M	7.81M
Deferred Tax Liabilities	-122K	-196K	-175K	-48K	0	0	0	146K	179K	172K
Other Non-Current Liabilities	231K	141K	133K	0	0	0	0	0	0	0
Total Liabilities	8.06M	9.44M	10.04M	11.68M	21.41M	26.47M	57.48M	74.07M	54.85M	49.34M
Total Debt+	116K	59K	4K	4K	8.22M	6.01M	24.23M	31.25M	26.55M	21.16M
Net Debt	-5.85M	-8.01M	-9.56M	-18.28M	532K	-3.73M	7.01M	17.8M	314K	1.06M
Debt / Equity	0.01x	0.00x	0.00x	0.00x	0.18x	0.13x	0.30x	0.40x	0.33x	0.28x
Debt / EBITDA	-	0.14x	0.00x	0.00x	-	10.47x	15.08x	36.12x	5.75x	-
Net Debt / EBITDA	-	-19.50x	-7.68x	-5.76x	-	-6.49x	4.36x	20.57x	0.07x	-
Interest Coverage	-60.25x	-7.96x	44.67x	-	-44.09x	-10.59x	-3.40x	-4.49x	-3.12x	-21.53x
Total Equity+	19.72M	20.69M	23.81M	37.27M	46.52M	46.1M	79.9M	77.56M	81.36M	74.38M
Equity Growth %	0.05%	0.05%	0.15%	0.56%	0.25%	-0.01%	0.73%	-0.03%	0.05%	-0.09%
Book Value per Share	1.29	1.19	1.24	1.73	1.84	1.61	2.45	2.14	2.18	1.93
Total Shareholders' Equity	19.72M	20.69M	23.81M	37.27M	46.52M	46.1M	79.9M	77.56M	81.36M	74.38M
Common Stock	2K	2K	2K	2K	3K	3K	4K	4K	4K	4K
Retained Earnings	-189.95M	-190.24M	-189.56M	-189.38M	-200.12M	-204.16M	-209.53M	-218.5M	-223.02M	-234.39M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	371K	371K	371K	371K	371K	371K	371K	371K	371K	371K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	213K	2.07M	509K	-1.75M	-2.52M	4.3M	-9.42M	237K	18.62M	7.29M
Operating CF Margin %	0.01%	0.05%	0.01%	-0.04%	-0.04%	0.06%	-0.07%	0%	0.12%	0.06%
Operating CF Growth %	1.13%	8.73%	-0.75%	-4.43%	-0.44%	2.71%	-3.19%	1.03%	77.58%	-0.61%
Net Income	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Depreciation & Amortization	759K	594K	442K	464K	2.81M	3.91M	6.62M	7.54M	7.48M	6.04M
Stock-Based Compensation	870K	912K	1.17M	1.87M	3.64M	3.58M	6.25M	6.21M	8.34M	6.13M
Deferred Taxes	0	0	0	0	16K	0	0	0	0	0
Other Non-Cash Items	300K	299K	3.32M	285K	273K	228K	2.52M	-103K	926K	139K
Working Capital Changes	246K	544K	-1.78M	-3.96M	1.48M	625K	-19.43M	-4.43M	6.4M	6.35M
Change in Receivables	-506K	-268K	-812K	-1.97M	2.81M	-3.73M	-7.47M	915K	-3.6M	4.52M
Change in Inventory	2.63M	-674K	-1.48M	-2.53M	3.37M	-1.28M	-15.27M	-8.69M	21.22M	2.04M
Change in Payables	-965K	-7K	1.2M	765K	-2.6M	3.57M	8.78M	-8.57M	-2.13M	2.89M
Cash from Investing+	-570K	-236K	-229K	-891K	-13.97M	-783K	-25.75M	-7.32M	-1.48M	-6.96M
Capital Expenditures	-570K	-236K	-229K	-891K	-572K	-783K	-2.12M	-2.67M	-1.48M	-505K
CapEx % of Revenue	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	1.33M	275K	1.22M	11.35M	5.9M	-1.47M	42.65M	3.32M	-4.36M	-6.46M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-48K	-194K	-213K	-189K	-379K	-877K	-3.31M	-821K	-2.29M	-2.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-357K	1.84M	280K	-2.64M	-3.09M	3.52M	-11.53M	-2.44M	17.14M	6.78M
FCF Margin %	-0.01%	0.04%	0.01%	-0.06%	-0.05%	0.05%	-0.09%	-0.02%	0.11%	0.06%
FCF Growth %	0.84%	6.14%	-0.85%	-10.43%	-0.17%	2.14%	-4.28%	0.79%	8.04%	-0.6%
FCF per Share	-0.02	0.11	0.01	-0.12	-0.12	0.12	-0.35	-0.07	0.46	0.18
FCF Conversion (FCF/Net Income)	-0.11x	-7.48x	0.75x	4.28x	0.23x	-1.06x	1.76x	-0.03x	-4.12x	-0.64x
Interest Paid	32K	23K	18K	18K	218K	297K	1.49M	1.56M	1.92M	1.32M
Taxes Paid	32K	73K	87K	115K	101K	200K	215K	539K	631K	636K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.21%	-1.37%	3.06%	-1.34%	-25.63%	-8.73%	-8.51%	-11.41%	-5.68%	-14.61%
Return on Invested Capital (ROIC)	-10.17%	-1.03%	4.48%	12.23%	-23.94%	-5.6%	-5.81%	-5.49%	-2.43%	-10.5%
Gross Margin	47.74%	52.72%	55.66%	56.03%	44.92%	46.2%	42.87%	42.89%	40.14%	42.06%
Net Margin	-4.83%	-0.62%	1.49%	-0.87%	-17.93%	-5.66%	-4.14%	-6.85%	-2.82%	-9.25%
Debt / Equity	0.01x	0.00x	0.00x	0.00x	0.18x	0.13x	0.30x	0.40x	0.33x	0.28x
Interest Coverage	-60.25x	-7.96x	44.67x	-	-44.09x	-10.59x	-3.40x	-4.49x	-3.12x	-21.53x
FCF Conversion	-0.11x	-7.48x	0.75x	4.28x	0.23x	-1.06x	1.76x	-0.03x	-4.12x	-0.64x
Revenue Growth	-5.48%	10.19%	1.9%	2.87%	27.7%	19.37%	81.39%	1.18%	22.21%	-23.33%

Revenue by Segment

	2021	2022	2023	2024	2025
Software & Services	-	-	-	-	7.81M
Software & Services Growth	-	-	-	-	-
Software And Services	-	-	10.06M	8.92M	-
Software And Services Growth	-	-	-	-11.27%	-
Iot	-	112.49M	-	-	-
Iot Growth	-	-	-	-	-
R E M	-	16.59M	-	-	-
R E M Growth	-	-	-	-	-
Other Revenue	467K	578K	-	-	-
Other Revenue Growth	-	23.77%	-	-	-

Revenue by Geography

	2021	2022	2023	2024	2025
Americas	-	77.8M	78.56M	78.2M	70.13M
Americas Growth	-	-	0.97%	-0.45%	-10.33%
EMEA	-	22.54M	23.29M	64.03M	30.9M
EMEA Growth	-	-	3.30%	174.95%	-51.74%
Asia Pacific Japan	-	-	-	-	21.9M
Asia Pacific Japan Growth	-	-	-	-	-
APJ	-	-	29.35M	18.1M	-
APJ Growth	-	-	-	-38.33%	-
A P J	-	29.31M	-	-	-
A P J Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Lantronix, Inc. (LTRX) reported $118.3M in revenue for fiscal year 2025. This represents a 161% increase from $45.4M in 2012.

Lantronix, Inc. (LTRX) saw revenue decline by 23.3% over the past year.

Lantronix, Inc. (LTRX) reported a net loss of $10.3M for fiscal year 2025.

Dividend & Returns

Lantronix, Inc. (LTRX) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

Lantronix, Inc. (LTRX) generated $7.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Lantronix, Inc. (LTRX) 10-Year Financial Performance & Capital Metrics

LTRX • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

Revenue $123M -23.3%
EBITDA -$5M -207.6%
Net Income -$11M -151.8%
EPS (Diluted) -0.29 -141.7%
Gross Margin 42.06% +4.8%
EBITDA Margin -4.04% -240.3%
Operating Margin -8.95% -401.3%
Net Margin -9.25% -228.5%
ROE -14.61% -157.0%
ROIC -10.5% -333.1%
Debt/Equity 0.28 -12.8%
Interest Coverage -21.53 -589.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓Strong 5Y sales CAGR of 15.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.09%

5Y15.47%

3Y-1.76%

TTM-26.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-100.16%

EPS CAGR

10Y-

5Y-

3Y-

TTM-93.69%

ROCE

10Y Avg-5.53%

5Y Avg-6.67%

3Y Avg-6.73%

Latest-11.04%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.17B	171.71	123.53	19.04%	-3.45%	-6.36%	2.15%	1.95
INSGInseego Corp.	179.02M	11.68	116.80	14.32%	-0.12%		18.67%
DGIIDigi International Inc.	1.62B	43.20	40	1.46%	9.48%	6.41%	6.65%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	30.19M	4.88	12.51	-9.57%	6.78%	12.99%	2.57%	0.10
ASNSActelis Networks, Inc.	3.86M	0.48	-0.06	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	22.22M	3.53	-2.63	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	83.97M	7.02	-5.32	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	756.11M	5.65	-13.14		-10.93%	-9.17%		0.64

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	40.59M	44.73M	45.58M	46.89M	59.88M	71.48M	129.66M	131.19M	160.33M	122.92M
Revenue Growth %	-0.05%	0.1%	0.02%	0.03%	0.28%	0.19%	0.81%	0.01%	0.22%	-0.23%
Cost of Goods Sold+	21.21M	21.15M	20.21M	20.62M	32.98M	38.45M	74.07M	74.92M	95.97M	71.22M
COGS % of Revenue	0.52%	0.47%	0.44%	0.44%	0.55%	0.54%	0.57%	0.57%	0.6%	0.58%
Gross Profit+	19.38M	23.58M	25.37M	26.27M	26.9M	33.02M	55.59M	56.26M	64.35M	51.7M
Gross Margin %	0.48%	0.53%	0.56%	0.56%	0.45%	0.46%	0.43%	0.43%	0.4%	0.42%
Gross Profit Growth %	-0.05%	0.22%	0.08%	0.04%	0.02%	0.23%	0.68%	0.01%	0.14%	-0.2%
Operating Expenses+	21.31M	23.76M	24.56M	24.93M	37.44M	36.36M	60.6M	62.94M	67.22M	62.7M
OpEx % of Revenue	0.52%	0.53%	0.54%	0.53%	0.63%	0.51%	0.47%	0.48%	0.42%	0.51%
Selling, General & Admin	13.6M	15.34M	16.16M	15.66M	19.58M	20.81M	34.24M	35.93M	38.81M	34.89M
SG&A % of Revenue	0.33%	0.34%	0.35%	0.33%	0.33%	0.29%	0.26%	0.27%	0.24%	0.28%
Research & Development	6.91M	7.96M	8.06M	9.08M	9.69M	11.11M	17.69M	19.63M	20.28M	18.6M
R&D % of Revenue	0.17%	0.18%	0.18%	0.19%	0.16%	0.16%	0.14%	0.15%	0.13%	0.15%
Other Operating Expenses	61K	-3K	-8K	-15K	8.16M	4.44M	8.67M	7.39M	8.12M	9.22M
Operating Income+	-1.93M	-183K	804K	2.71M	-10.54M	-3.34M	-5.01M	-6.67M	-2.86M	-11M
Operating Margin %	-0.05%	-0%	0.02%	0.06%	-0.18%	-0.05%	-0.04%	-0.05%	-0.02%	-0.09%
Operating Income Growth %	0.28%	0.91%	5.39%	2.37%	-4.89%	0.68%	-0.5%	-0.33%	0.57%	-2.84%
EBITDA+	-1.17M	411K	1.25M	3.17M	-7.73M	574K	1.61M	865K	4.62M	-4.97M
EBITDA Margin %	-0.03%	0.01%	0.03%	0.07%	-0.13%	0.01%	0.01%	0.01%	0.03%	-0.04%
EBITDA Growth %	0.35%	1.35%	2.03%	1.55%	-3.44%	1.07%	1.8%	-0.46%	4.34%	-2.08%
D&A (Non-Cash Add-back)	759K	594K	442K	464K	2.81M	3.91M	6.62M	7.54M	7.48M	6.04M
EBIT	-1.87M	63K	1.31M	1.34M	-4.41M	-3.53M	-5.72M	-6.75M	-2.85M	-11.1M
Net Interest Income+	-32K	-23K	-18K	236K	-133K	-315K	-1.47M	-1.49M	-916K	-511K
Interest Income	0	0	0	236K	106K	0	0	0	0	0
Interest Expense	32K	23K	18K	0	239K	315K	1.47M	1.49M	916K	511K
Other Income/Expense	29K	-26K	-26K	-1.61M	-56K	-512K	-2.18M	-1.56M	-909K	-611K
Pretax Income+	-1.9M	-209K	778K	-267K	-10.59M	-3.85M	-7.19M	-8.23M	-3.77M	-11.61M
Pretax Margin %	-0.05%	-0%	0.02%	-0.01%	-0.18%	-0.05%	-0.06%	-0.06%	-0.02%	-0.09%
Income Tax+	63K	68K	98K	141K	144K	195K	-1.83M	748K	745K	-239K
Effective Tax Rate %	1.03%	1.33%	0.87%	1.53%	1.01%	1.05%	0.75%	1.09%	1.2%	0.98%
Net Income+	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Margin %	-0.05%	-0.01%	0.01%	-0.01%	-0.18%	-0.06%	-0.04%	-0.07%	-0.03%	-0.09%
Net Income Growth %	0.29%	0.86%	3.45%	-1.6%	-25.32%	0.62%	-0.33%	-0.67%	0.5%	-1.52%
Net Income (Continuing)	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.13	-0.02	0.04	-0.02	-0.42	-0.14	-0.16	-0.25	-0.12	-0.29
EPS Growth %	0.32%	0.88%	3.23%	-1.53%	-21.22%	0.67%	-0.14%	-0.56%	0.52%	-1.42%
EPS (Basic)	-0.13	-0.02	0.04	-0.02	-0.42	-0.14	-0.16	-0.25	-0.12	-0.29
Diluted Shares Outstanding	15.26M	17.45M	19.16M	21.58M	25.28M	28.71M	32.67M	36.26M	37.39M	38.61M
Basic Shares Outstanding	15.26M	17.45M	19.16M	21.58M	25.28M	28.71M	32.67M	36.26M	37.39M	38.61M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	16.66M	19.38M	23.27M	38.19M	34.51M	43.15M	90.03M	96.55M	88.95M	77.39M
Cash & Short-Term Investments	5.96M	8.07M	9.57M	18.28M	7.69M	9.74M	17.22M	13.45M	26.24M	20.1M
Cash Only	5.96M	8.07M	9.57M	18.28M	7.69M	9.74M	17.22M	13.45M	26.24M	20.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	3.53M	3.91M	4.89M	8.71M	11.75M	15.47M	29.72M	30.7M	32.68M	28.16M
Days Sales Outstanding	31.77	31.89	39.18	67.82	71.61	79.02	83.66	85.42	74.4	83.63
Inventory	6.58M	6.96M	8.44M	10.51M	13.78M	15.06M	37.68M	49.74M	27.7M	26.37M
Days Inventory Outstanding	113.28	120.1	152.4	186.05	152.53	142.95	185.68	242.29	105.34	135.14
Other Current Assets	0	0	0	0	0	0	0	2.66M	2.14M	2.76M
Total Non-Current Assets+	11.12M	10.75M	10.59M	10.75M	33.42M	29.41M	47.34M	55.07M	47.26M	46.33M
Property, Plant & Equipment	1.57M	1.22M	1.04M	1.2M	4.93M	4.01M	11.69M	16.21M	13.58M	10.88M
Fixed Asset Turnover	25.87x	36.72x	44.00x	39.11x	12.14x	17.83x	11.09x	8.09x	11.80x	11.30x
Goodwill	9.49M	9.49M	9.49M	9.49M	15.81M	15.81M	20.77M	27.82M	27.82M	31.09M
Intangible Assets	0	0	0	0	12.45M	9.36M	14.56M	10.56M	5.25M	3.74M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	63K	46K	61K	67K	232K	240K	325K	472K	600K	624K
Total Assets+	27.78M	30.13M	33.85M	48.94M	67.93M	72.57M	137.37M	151.62M	136.21M	123.72M
Asset Turnover	1.46x	1.48x	1.35x	0.96x	0.88x	0.98x	0.94x	0.87x	1.18x	0.99x
Asset Growth %	-0.06%	0.08%	0.12%	0.45%	0.39%	0.07%	0.89%	0.1%	-0.1%	-0.09%
Total Current Liabilities+	7.6M	8.99M	9.73M	11.47M	15.77M	22.86M	35.52M	46.39M	30.16M	30.42M
Accounts Payable	2.72M	2.72M	3.94M	4.72M	5.33M	9.12M	20.64M	12.4M	10.35M	13.26M
Days Payables Outstanding	46.82	46.89	71.19	83.49	59	86.59	101.73	60.41	39.35	67.95
Short-Term Debt	0	0	0	0	1.47M	1.47M	1.67M	2.74M	3M	3.07M
Deferred Revenue (Current)	1000K	1000K	1000K	496K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.29M	2.66M	2.32M	4.04M	181K	197K	594K	788K	5.42M	663K
Current Ratio	2.19x	2.16x	2.39x	3.33x	2.19x	1.89x	2.53x	2.08x	2.95x	2.54x
Quick Ratio	1.33x	1.38x	1.52x	2.41x	1.31x	1.23x	1.47x	1.01x	2.03x	1.68x
Cash Conversion Cycle	98.23	105.1	120.39	170.37	165.14	135.38	167.6	267.3	140.39	150.82
Total Non-Current Liabilities+	463K	455K	316K	206K	5.64M	3.61M	21.96M	27.68M	24.7M	18.92M
Long-Term Debt	116K	59K	4K	0	3.68M	2.21M	14.27M	16.22M	13.22M	8.68M
Capital Lease Obligations	116K	59K	4K	48K	1.8M	1.16M	7.31M	10.43M	8.56M	7.81M
Deferred Tax Liabilities	-122K	-196K	-175K	-48K	0	0	0	146K	179K	172K
Other Non-Current Liabilities	231K	141K	133K	0	0	0	0	0	0	0
Total Liabilities	8.06M	9.44M	10.04M	11.68M	21.41M	26.47M	57.48M	74.07M	54.85M	49.34M
Total Debt+	116K	59K	4K	4K	8.22M	6.01M	24.23M	31.25M	26.55M	21.16M
Net Debt	-5.85M	-8.01M	-9.56M	-18.28M	532K	-3.73M	7.01M	17.8M	314K	1.06M
Debt / Equity	0.01x	0.00x	0.00x	0.00x	0.18x	0.13x	0.30x	0.40x	0.33x	0.28x
Debt / EBITDA	-	0.14x	0.00x	0.00x	-	10.47x	15.08x	36.12x	5.75x	-
Net Debt / EBITDA	-	-19.50x	-7.68x	-5.76x	-	-6.49x	4.36x	20.57x	0.07x	-
Interest Coverage	-60.25x	-7.96x	44.67x	-	-44.09x	-10.59x	-3.40x	-4.49x	-3.12x	-21.53x
Total Equity+	19.72M	20.69M	23.81M	37.27M	46.52M	46.1M	79.9M	77.56M	81.36M	74.38M
Equity Growth %	0.05%	0.05%	0.15%	0.56%	0.25%	-0.01%	0.73%	-0.03%	0.05%	-0.09%
Book Value per Share	1.29	1.19	1.24	1.73	1.84	1.61	2.45	2.14	2.18	1.93
Total Shareholders' Equity	19.72M	20.69M	23.81M	37.27M	46.52M	46.1M	79.9M	77.56M	81.36M	74.38M
Common Stock	2K	2K	2K	2K	3K	3K	4K	4K	4K	4K
Retained Earnings	-189.95M	-190.24M	-189.56M	-189.38M	-200.12M	-204.16M	-209.53M	-218.5M	-223.02M	-234.39M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	371K	371K	371K	371K	371K	371K	371K	371K	371K	371K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	213K	2.07M	509K	-1.75M	-2.52M	4.3M	-9.42M	237K	18.62M	7.29M
Operating CF Margin %	0.01%	0.05%	0.01%	-0.04%	-0.04%	0.06%	-0.07%	0%	0.12%	0.06%
Operating CF Growth %	1.13%	8.73%	-0.75%	-4.43%	-0.44%	2.71%	-3.19%	1.03%	77.58%	-0.61%
Net Income	-1.96M	-277K	680K	-408K	-10.74M	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Depreciation & Amortization	759K	594K	442K	464K	2.81M	3.91M	6.62M	7.54M	7.48M	6.04M
Stock-Based Compensation	870K	912K	1.17M	1.87M	3.64M	3.58M	6.25M	6.21M	8.34M	6.13M
Deferred Taxes	0	0	0	0	16K	0	0	0	0	0
Other Non-Cash Items	300K	299K	3.32M	285K	273K	228K	2.52M	-103K	926K	139K
Working Capital Changes	246K	544K	-1.78M	-3.96M	1.48M	625K	-19.43M	-4.43M	6.4M	6.35M
Change in Receivables	-506K	-268K	-812K	-1.97M	2.81M	-3.73M	-7.47M	915K	-3.6M	4.52M
Change in Inventory	2.63M	-674K	-1.48M	-2.53M	3.37M	-1.28M	-15.27M	-8.69M	21.22M	2.04M
Change in Payables	-965K	-7K	1.2M	765K	-2.6M	3.57M	8.78M	-8.57M	-2.13M	2.89M
Cash from Investing+	-570K	-236K	-229K	-891K	-13.97M	-783K	-25.75M	-7.32M	-1.48M	-6.96M
Capital Expenditures	-570K	-236K	-229K	-891K	-572K	-783K	-2.12M	-2.67M	-1.48M	-505K
CapEx % of Revenue	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	1.33M	275K	1.22M	11.35M	5.9M	-1.47M	42.65M	3.32M	-4.36M	-6.46M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-48K	-194K	-213K	-189K	-379K	-877K	-3.31M	-821K	-2.29M	-2.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-357K	1.84M	280K	-2.64M	-3.09M	3.52M	-11.53M	-2.44M	17.14M	6.78M
FCF Margin %	-0.01%	0.04%	0.01%	-0.06%	-0.05%	0.05%	-0.09%	-0.02%	0.11%	0.06%
FCF Growth %	0.84%	6.14%	-0.85%	-10.43%	-0.17%	2.14%	-4.28%	0.79%	8.04%	-0.6%
FCF per Share	-0.02	0.11	0.01	-0.12	-0.12	0.12	-0.35	-0.07	0.46	0.18
FCF Conversion (FCF/Net Income)	-0.11x	-7.48x	0.75x	4.28x	0.23x	-1.06x	1.76x	-0.03x	-4.12x	-0.64x
Interest Paid	32K	23K	18K	18K	218K	297K	1.49M	1.56M	1.92M	1.32M
Taxes Paid	32K	73K	87K	115K	101K	200K	215K	539K	631K	636K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-10.21%	-1.37%	3.06%	-1.34%	-25.63%	-8.73%	-8.51%	-11.41%	-5.68%	-14.61%
Return on Invested Capital (ROIC)	-10.17%	-1.03%	4.48%	12.23%	-23.94%	-5.6%	-5.81%	-5.49%	-2.43%	-10.5%
Gross Margin	47.74%	52.72%	55.66%	56.03%	44.92%	46.2%	42.87%	42.89%	40.14%	42.06%
Net Margin	-4.83%	-0.62%	1.49%	-0.87%	-17.93%	-5.66%	-4.14%	-6.85%	-2.82%	-9.25%
Debt / Equity	0.01x	0.00x	0.00x	0.00x	0.18x	0.13x	0.30x	0.40x	0.33x	0.28x
Interest Coverage	-60.25x	-7.96x	44.67x	-	-44.09x	-10.59x	-3.40x	-4.49x	-3.12x	-21.53x
FCF Conversion	-0.11x	-7.48x	0.75x	4.28x	0.23x	-1.06x	1.76x	-0.03x	-4.12x	-0.64x
Revenue Growth	-5.48%	10.19%	1.9%	2.87%	27.7%	19.37%	81.39%	1.18%	22.21%	-23.33%

Revenue by Segment

	2021	2022	2023	2024	2025
Software & Services	-	-	-	-	7.81M
Software & Services Growth	-	-	-	-	-
Software And Services	-	-	10.06M	8.92M	-
Software And Services Growth	-	-	-	-11.27%	-
Iot	-	112.49M	-	-	-
Iot Growth	-	-	-	-	-
R E M	-	16.59M	-	-	-
R E M Growth	-	-	-	-	-
Other Revenue	467K	578K	-	-	-
Other Revenue Growth	-	23.77%	-	-	-

Revenue by Geography

	2021	2022	2023	2024	2025
Americas	-	77.8M	78.56M	78.2M	70.13M
Americas Growth	-	-	0.97%	-0.45%	-10.33%
EMEA	-	22.54M	23.29M	64.03M	30.9M
EMEA Growth	-	-	3.30%	174.95%	-51.74%
Asia Pacific Japan	-	-	-	-	21.9M
Asia Pacific Japan Growth	-	-	-	-	-
APJ	-	-	29.35M	18.1M	-
APJ Growth	-	-	-	-38.33%	-
A P J	-	29.31M	-	-	-
A P J Growth	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Lantronix, Inc. (LTRX) reported $118.3M in revenue for fiscal year 2025. This represents a 161% increase from $45.4M in 2012.

Lantronix, Inc. (LTRX) saw revenue decline by 23.3% over the past year.

Lantronix, Inc. (LTRX) reported a net loss of $10.3M for fiscal year 2025.

Dividend & Returns

Lantronix, Inc. (LTRX) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

Lantronix, Inc. (LTRX) generated $7.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.