Stocks·NASDAQ:LTRX
Lantronix (LTRX)
My take
Every video where I mention LTRX
- Why This $6 AI Drone Stock Has an $11 Price Target (LTRX) (Lantronix Stock) Oct 18, 2026
On October 15th, 2026, Lantronix, ticker symbol L T R X, traded at about $5.73…
The last 12 months
- Nov 5, 20268-KExecutive or board change; Shareholder vote results
- Oct 18, 2026VideoMy video: Why This $6 AI Drone Stock Has an $11 Price Target (LTRX) (Lantronix Stock)
- Oct 13, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Sep 28, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Aug 27, 202610-KAnnual report
- Aug 27, 20268-KExecutive or board change
- Aug 26, 20268-KReleased quarterly results; Shared information with investors
- Jul 2, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Jun 1, 20268-KSigned a major agreement; Shared information with investors
- Jun 1, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
- May 8, 20268-KSigned a major agreement
- May 8, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
- May 7, 202610-QQuarterly report
- May 6, 20268-KReleased quarterly results; Shared information with investors
Show the numbers
| Revenue by year | |
|---|---|
| FY17 | $44.7M |
| FY18 | $45.6M |
| FY19 | $46.9M |
| FY20 | $59.9M |
| FY21 | $71.5M |
| FY22 | $130M |
| FY23 | $131M |
| FY24 | $160M |
| FY25 | $123M |
| FY26 | $121M |
Show the numbers
| Revenue by quarter | |
|---|---|
| Q3 23 | $33M |
| Q4 23 | $37M |
| Q1 24 | $41.2M |
| Q2 24 | $49.1M |
| Q3 24 | $34.4M |
| Q4 24 | $31.2M |
| Q1 25 | $28.5M |
| Q2 25 | $28.8M |
| Q3 25 | $29.8M |
| Q4 25 | $29.8M |
| Q1 26 | $30.2M |
| Q2 26 | $31.2M |
Show the numbers
| Operating income (loss) by year | |
|---|---|
| FY17 | -$183K |
| FY18 | $804K |
| FY19 | -$488K |
| FY20 | -$10.5M |
| FY21 | -$3.34M |
| FY22 | -$5.01M |
| FY23 | -$6.67M |
| FY24 | -$2.86M |
| FY25 | -$11M |
| FY26 | -$4.12M |
Show the numbers
| Free cash flow by year | |
|---|---|
| FY17 | $1.84M |
| FY18 | $280K |
| FY19 | -$2.64M |
| FY20 | -$3.09M |
| FY21 | $3.52M |
| FY22 | -$11.5M |
| FY23 | -$2.44M |
| FY24 | $17.1M |
| FY25 | $6.78M |
| FY26 | $9.27M |
Cash and short-term investmentsDebt
Show the numbers
| Cash and short-term investments | Debt | |
|---|---|---|
| FY17 | $8.07M | n/a |
| FY18 | $9.57M | n/a |
| FY19 | $18.3M | $0 |
| FY20 | $7.69M | $5.25M |
| FY21 | $9.74M | $3.68M |
| FY22 | $17.2M | $15.9M |
| FY23 | $13.5M | $19M |
| FY24 | $26.2M | $16.2M |
| FY25 | $20.1M | $11.8M |
| FY26 | $60.5M | $0 |
From the 10-K filed Aug 27, 2026. Source.
Stock-based pay to employeesSpent buying back shares
Show the numbers
| Stock-based pay to employees | Spent buying back shares | |
|---|---|---|
| FY21 | $3.58M | $0 |
| FY22 | $6.25M | $0 |
| FY23 | $6.21M | $0 |
| FY24 | $8.34M | $0 |
| FY25 | $6.13M | $0 |
| FY26 | $6.27M | $0 |
If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.
Compare LTRX with other stocks →
From the company's own SEC filings via SEC EDGAR, latest period ended Jun 30, 2026. Numbers can be restated later. Not investment advice.
Dilution
Show the numbers
| Shares outstanding | |
|---|---|
| Feb 2022 | 34.6M |
| Feb 2023 | 36.5M |
| May 2023 | 36.6M |
| Aug 2023 | 36.9M |
| Nov 2023 | 37.3M |
| Feb 2024 | 37.5M |
| Apr 2024 | 37.6M |
| Aug 2024 | 37.9M |
| Nov 2024 | 38.5M |
| Jan 2025 | 38.8M |
| May 2025 | 38.9M |
| Aug 2025 | 39.2M |
| Nov 2025 | 39.4M |
| Jan 2026 | 39.7M |
| May 2026 | 39.8M |
| Aug 2026 | 46.7M |
The share count is up +19.3% in a year, so each share is a slightly smaller slice of the company. What dilution means.
Insider trades
Bought or sold on the open market
| Date | Who | What | Shares | Value | Filing |
|---|---|---|---|---|---|
| Sep 9, 2026 | Saleel Awsare President & CEO, Director | Bought on the market | 15K | $77.7K | Form 4 |
| Mar 13, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Sold on the market | 14.5K | $89.8K | Form 4 |
Everything else: grants, option exercises, tax withholding (55)
| Date | Who | What | Shares | Value | Filing |
|---|---|---|---|---|---|
| Nov 2, 2026 | James Chris Auker Director | Exercised options | 8.5K | n/a | Form 4 |
| Nov 2, 2026 | Kevin S. Palatnik Director | Exercised options | 8.5K | n/a | Form 4 |
| Nov 2, 2026 | Narbeh Derhacobian Director | Exercised options | 8.5K | n/a | Form 4 |
| Nov 2, 2026 | Hoshi Printer Director | Exercised options | 8.5K | n/a | Form 4 |
| Nov 2, 2026 | Sailesh Chittipeddi Director | Exercised options | 8.5K | n/a | Form 4 |
| Nov 1, 2026 | Saleel Awsare President & CEO, Director | Grant or award | 157K | n/a | Form 4 |
| Nov 1, 2026 | Saleel Awsare President & CEO, Director | Shares withheld for taxes | 76.3K | $458K | Form 4 |
| Sep 1, 2026 | Brent Michael Stringham Chief Financial Officer | Exercised options 4 trades that day | 30.8K | n/a | Form 4 |
| Sep 1, 2026 | Brent Michael Stringham Chief Financial Officer | Shares withheld for taxes 2 trades that day | 13.5K | $69.6K | Form 4 |
| Sep 1, 2026 | Kurt W Hoff Chief Revenue Officer | Exercised options 4 trades that day | 31.1K | n/a | Form 4 |
| Sep 1, 2026 | Kurt W Hoff Chief Revenue Officer | Shares withheld for taxes 2 trades that day | 14.2K | $73.1K | Form 4 |
| Sep 1, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Exercised options 4 trades that day | 33.8K | n/a | Form 4 |
| Sep 1, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Shares withheld for taxes 2 trades that day | 15.5K | $79.8K | Form 4 |
| Sep 1, 2026 | Saleel Awsare President & CEO, Director | Grant or award 3 trades that day | 51.3K | n/a | Form 4 |
| Sep 1, 2026 | Saleel Awsare President & CEO, Director | Shares withheld for taxes 2 trades that day | 25K | $129K | Form 4 |
| Aug 25, 2026 | Hoshi Printer Director | Gift 2 trades that day | 116K | n/a | Form 4 |
| Aug 7, 2026 | Hoshi Printer Director | Gift 2 trades that day | 69.1K | n/a | Form 4 |
| Jul 11, 2026 | Brent Michael Stringham Chief Financial Officer | Exercised options | 33.8K | n/a | Form 4 |
| Jul 11, 2026 | Brent Michael Stringham Chief Financial Officer | Shares withheld for taxes | 14.8K | $83K | Form 4 |
| Jul 11, 2026 | Kurt W Hoff Chief Revenue Officer | Exercised options | 28K | n/a | Form 4 |
| Jul 11, 2026 | Kurt W Hoff Chief Revenue Officer | Shares withheld for taxes | 12.8K | $71.6K | Form 4 |
| Jul 11, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Exercised options | 28K | n/a | Form 4 |
| Jul 11, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Shares withheld for taxes | 10.1K | $56.3K | Form 4 |
| Jul 11, 2026 | Saleel Awsare President & CEO, Director | Grant or award | 56.8K | n/a | Form 4 |
| Jul 11, 2026 | Saleel Awsare President & CEO, Director | Shares withheld for taxes | 26.5K | $149K | Form 4 |
| Jun 1, 2026 | Brent Michael Stringham Chief Financial Officer | Exercised options 2 trades that day | 3.8K | n/a | Form 4 |
| Jun 1, 2026 | Brent Michael Stringham Chief Financial Officer | Shares withheld for taxes | 1.5K | $11.1K | Form 4 |
| Jun 1, 2026 | Saleel Awsare President & CEO, Director | Grant or award | 5.8K | n/a | Form 4 |
| Jun 1, 2026 | Saleel Awsare President & CEO, Director | Shares withheld for taxes | 3.1K | $23.7K | Form 4 |
| Jun 1, 2026 | Kurt W Hoff Chief Revenue Officer | Exercised options 2 trades that day | 8.7K | n/a | Form 4 |
| Jun 1, 2026 | Kurt W Hoff Chief Revenue Officer | Shares withheld for taxes | 4K | $30K | Form 4 |
| Jun 1, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Exercised options 2 trades that day | 11.3K | n/a | Form 4 |
| Jun 1, 2026 | Mathi Gurusamy Chief Product & Strategy Ofcr | Shares withheld for taxes | 4.1K | $30.8K | Form 4 |
| May 4, 2026 | Sailesh Chittipeddi Director | Exercised options | 8.5K | n/a | Form 4 |
| May 4, 2026 | Kevin S. Palatnik Director | Exercised options | 8.5K | n/a | Form 4 |
| May 4, 2026 | James Chris Auker Director | Exercised options | 8.5K | n/a | Form 4 |
| May 4, 2026 | Hoshi Printer Director | Exercised options | 8.5K | n/a | Form 4 |
| May 4, 2026 | Narbeh Derhacobian Director | Exercised options | 8.5K | n/a | Form 4 |
| Mar 1, 2026 | Brent Michael Stringham Chief Financial Officer | Exercised options 2 trades that day | 3.8K | n/a | Form 4 |
| Mar 1, 2026 | Brent Michael Stringham Chief Financial Officer | Shares withheld for taxes | 1.6K | $9.29K | Form 4 |
An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.
Famous investors who own it
None of the 18 famous investors I track owned LTRX at their last 13F. Who I track.
Failed trades
Show the numbers
| Failed trades (fails to deliver) | |
|---|---|
| May 8 | 4.8K |
| May 13 | 11.2K |
| May 19 | 400 |
| Jun 1 | 15.3K |
| Jun 8 | 101 |
| Jun 15 | 2 |
| Jun 18 | 6 |
| Jun 29 | 40K |
| Jun 30 | 37.9K |
| Jul 1 | 207 |
| Jul 10 | 3.3K |
| Jul 15 | 1.7K |
| Jul 16 | 253 |
| Jul 24 | 3.3K |
| Sep 28 | 38.5K |
| Oct 5 | 19 |
| Oct 13 | 2.5K |
From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.
Share offerings
Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.
- Jun 1, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
- May 8, 2026424B5Prospectus for a sale off the shelf (new shares, an at-the-market program, or bonds)
- Feb 7, 2025S-8Registered shares for employee stock plans
- Feb 7, 2025S-3Shelf registration: can sell stock or debt later
What they told the SEC, in plain English
Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.
- Nov 5, 20268-KExecutive or board change; Shareholder vote results
- Oct 13, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Sep 28, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Aug 27, 20268-KExecutive or board change
- Aug 26, 20268-KReleased quarterly results; Shared information with investors
- Jul 2, 2026SCHEDULE 13GAn investor reported a 5%+ stake
- Jun 1, 20268-KSigned a major agreement; Shared information with investors
- May 8, 20268-KSigned a major agreement
- May 6, 20268-KReleased quarterly results; Shared information with investors
- Feb 4, 20268-KReleased quarterly results; Shared information with investors
- Jan 6, 20268-KExecutive or board change
- Dec 8, 2025SCHEDULE 13GAn investor reported a 5%+ stake
- Nov 6, 20258-KShareholder vote results
- Nov 5, 20258-KReleased quarterly results; Shared information with investors
- Aug 27, 20258-KReleased quarterly results; Shared information with investors
- Aug 21, 20258-KSigned a major agreement; Took on new debt
- Jul 11, 20258-KExecutive or board change
- Jun 30, 20258-KSigned a major agreement; Other news
- Jun 2, 2025SCHEDULE 13DAn investor took a 5%+ stake and may push for changes
- May 12, 20258-KExecutive or board change; Shared information with investors
- May 8, 20258-KReleased quarterly results; Shared information with investors
- Apr 3, 20258-KExecutive or board change
- Feb 13, 20258-KExecutive or board change
- Feb 6, 20258-KReleased quarterly results; Shared information with investors
- Feb 5, 20258-KExecutive or board change; Shared information with investors
What changed in the latest annual report
Comparing the risk factors in the 10-K filed Aug 27, 2026 with the one filed Aug 29, 2025: 1 new and 1 removed, out of 44.
New this year
- Our business related to government contracts subjects us to additional risks.
Dropped from last year (1)
- If we fail to maintain effective internal controls, we may conclude that our internal control over financial reporting is not effective, which could adversely affect our ability to report our results of operations and financial condition accurately and in a timely manner.
Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.
Search inside Lantronix's filings
Opens the SEC's own full-text search in a new tab, limited to LTRX. Every LTRX filing on EDGAR.