Stocks·NASDAQ:LTRX

Lantronix (LTRX)

OverviewFinancialsOwnersFilings
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Revenue, last 12 months$121M-2% vs. a year before
Free cash flow, last 12 months$9.27MBringing in cash
Cash and short-term investments$60.5MNo debt reported
Shares outstanding, past year+19.3%46.7M shares now
Revenue by year
FY17: $44.7MFY17FY18: $45.6MFY18FY19: $46.9MFY19FY20: $59.9MFY20FY21: $71.5MFY21FY22: $130MFY22FY23: $131MFY23FY24: $160MFY24FY25: $123MFY25FY26: $121MFY26$121M
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
Revenue by quarter calendar quarter the period ended in
Q3 23: $33MQ4 23: $37MQ4 23Q1 24: $41.2MQ2 24: $49.1MQ2 24Q3 24: $34.4MQ4 24: $31.2MQ4 24Q1 25: $28.5MQ2 25: $28.8MQ2 25Q3 25: $29.8MQ4 25: $29.8MQ4 25Q1 26: $30.2MQ2 26: $31.2MQ2 26$31.2M
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
Operating income (loss) by year profit from the business before interest and taxes
FY17: -$183KFY17FY18: $804KFY18FY19: -$488KFY19FY20: -$10.5MFY20FY21: -$3.34MFY21FY22: -$5.01MFY22FY23: -$6.67MFY23FY24: -$2.86MFY24FY25: -$11MFY25FY26: -$4.12MFY26-$4.12M
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
Free cash flow by year cash from operations minus spending on buildings and equipment
FY17: $1.84MFY17FY18: $280KFY18FY19: -$2.64MFY19FY20: -$3.09MFY20FY21: $3.52MFY21FY22: -$11.5MFY22FY23: -$2.44MFY23FY24: $17.1MFY24FY25: $6.78MFY25FY26: $9.27MFY26$9.27M
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 vs. debt

Cash and short-term investmentsDebt

FY17 · Cash and short-term investments: $8.07MFY17FY18 · Cash and short-term investments: $9.57MFY18FY19 · Cash and short-term investments: $18.3MFY19 · Debt: $0FY19FY20 · Cash and short-term investments: $7.69MFY20 · Debt: $5.25MFY20FY21 · Cash and short-term investments: $9.74MFY21 · Debt: $3.68MFY21FY22 · Cash and short-term investments: $17.2MFY22 · Debt: $15.9MFY22FY23 · Cash and short-term investments: $13.5MFY23 · Debt: $19MFY23FY24 · Cash and short-term investments: $26.2MFY24 · Debt: $16.2MFY24FY25 · Cash and short-term investments: $20.1MFY25 · Debt: $11.8MFY25FY26 · Cash and short-term investments: $60.5MFY26 · Debt: $0FY26
Show the numbers
Cash and short-term investmentsDebt
FY17$8.07Mn/a
FY18$9.57Mn/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
How it makes money: FY 2026 revenue by product or service; the thin line is a year earlier
  • IoT System Solutions$58.3M 48% -15% vs. a year ago
  • Embedded IoT Solutions$53.6M 44% +16% vs. a year ago
  • Software & Services$9.02M 7% +16% vs. a year ago

From the 10-K filed Aug 27, 2026. Source.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

FY21 · Stock-based pay to employees: $3.58MFY21 · Spent buying back shares: $0FY21FY22 · Stock-based pay to employees: $6.25MFY22 · Spent buying back shares: $0FY22FY23 · Stock-based pay to employees: $6.21MFY23 · Spent buying back shares: $0FY23FY24 · Stock-based pay to employees: $8.34MFY24 · Spent buying back shares: $0FY24FY25 · Stock-based pay to employees: $6.13MFY25 · Spent buying back shares: $0FY25FY26 · Stock-based pay to employees: $6.27MFY26 · Spent buying back shares: $0FY26
Show the numbers
Stock-based pay to employeesSpent 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

Shares outstanding adjusted for the
Feb 2022: 34.6MFeb 2023: 36.5MFeb 2023May 2023: 36.6MAug 2023: 36.9MAug 2023Nov 2023: 37.3MFeb 2024: 37.5MFeb 2024Apr 2024: 37.6MAug 2024: 37.9MAug 2024Nov 2024: 38.5MJan 2025: 38.8MJan 2025May 2025: 38.9MAug 2025: 39.2MAug 2025Nov 2025: 39.4MJan 2026: 39.7MJan 2026May 2026: 39.8MAug 2026: 46.7MAug 202646.7M
Show the numbers
Shares outstanding
Feb 202234.6M
Feb 202336.5M
May 202336.6M
Aug 202336.9M
Nov 202337.3M
Feb 202437.5M
Apr 202437.6M
Aug 202437.9M
Nov 202438.5M
Jan 202538.8M
May 202538.9M
Aug 202539.2M
Nov 202539.4M
Jan 202639.7M
May 202639.8M
Aug 202646.7M

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

Insider buys, 12 months1$77.7K
Insider sales, 12 months1$89.8K

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Sep 9, 2026Saleel Awsare
President & CEO, Director
Bought on the market15K$77.7KForm 4
Mar 13, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Sold on the market14.5K$89.8KForm 4
Everything else: grants, option exercises, tax withholding (55)
DateWhoWhatSharesValueFiling
Nov 2, 2026James Chris Auker
Director
Exercised options8.5Kn/aForm 4
Nov 2, 2026Kevin S. Palatnik
Director
Exercised options8.5Kn/aForm 4
Nov 2, 2026Narbeh Derhacobian
Director
Exercised options8.5Kn/aForm 4
Nov 2, 2026Hoshi Printer
Director
Exercised options8.5Kn/aForm 4
Nov 2, 2026Sailesh Chittipeddi
Director
Exercised options8.5Kn/aForm 4
Nov 1, 2026Saleel Awsare
President & CEO, Director
Grant or award157Kn/aForm 4
Nov 1, 2026Saleel Awsare
President & CEO, Director
Shares withheld for taxes76.3K$458KForm 4
Sep 1, 2026Brent Michael Stringham
Chief Financial Officer
Exercised options
4 trades that day
30.8Kn/aForm 4
Sep 1, 2026Brent Michael Stringham
Chief Financial Officer
Shares withheld for taxes
2 trades that day
13.5K$69.6KForm 4
Sep 1, 2026Kurt W Hoff
Chief Revenue Officer
Exercised options
4 trades that day
31.1Kn/aForm 4
Sep 1, 2026Kurt W Hoff
Chief Revenue Officer
Shares withheld for taxes
2 trades that day
14.2K$73.1KForm 4
Sep 1, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Exercised options
4 trades that day
33.8Kn/aForm 4
Sep 1, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Shares withheld for taxes
2 trades that day
15.5K$79.8KForm 4
Sep 1, 2026Saleel Awsare
President & CEO, Director
Grant or award
3 trades that day
51.3Kn/aForm 4
Sep 1, 2026Saleel Awsare
President & CEO, Director
Shares withheld for taxes
2 trades that day
25K$129KForm 4
Aug 25, 2026Hoshi Printer
Director
Gift
2 trades that day
116Kn/aForm 4
Aug 7, 2026Hoshi Printer
Director
Gift
2 trades that day
69.1Kn/aForm 4
Jul 11, 2026Brent Michael Stringham
Chief Financial Officer
Exercised options33.8Kn/aForm 4
Jul 11, 2026Brent Michael Stringham
Chief Financial Officer
Shares withheld for taxes14.8K$83KForm 4
Jul 11, 2026Kurt W Hoff
Chief Revenue Officer
Exercised options28Kn/aForm 4
Jul 11, 2026Kurt W Hoff
Chief Revenue Officer
Shares withheld for taxes12.8K$71.6KForm 4
Jul 11, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Exercised options28Kn/aForm 4
Jul 11, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Shares withheld for taxes10.1K$56.3KForm 4
Jul 11, 2026Saleel Awsare
President & CEO, Director
Grant or award56.8Kn/aForm 4
Jul 11, 2026Saleel Awsare
President & CEO, Director
Shares withheld for taxes26.5K$149KForm 4
Jun 1, 2026Brent Michael Stringham
Chief Financial Officer
Exercised options
2 trades that day
3.8Kn/aForm 4
Jun 1, 2026Brent Michael Stringham
Chief Financial Officer
Shares withheld for taxes1.5K$11.1KForm 4
Jun 1, 2026Saleel Awsare
President & CEO, Director
Grant or award5.8Kn/aForm 4
Jun 1, 2026Saleel Awsare
President & CEO, Director
Shares withheld for taxes3.1K$23.7KForm 4
Jun 1, 2026Kurt W Hoff
Chief Revenue Officer
Exercised options
2 trades that day
8.7Kn/aForm 4
Jun 1, 2026Kurt W Hoff
Chief Revenue Officer
Shares withheld for taxes4K$30KForm 4
Jun 1, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Exercised options
2 trades that day
11.3Kn/aForm 4
Jun 1, 2026Mathi Gurusamy
Chief Product & Strategy Ofcr
Shares withheld for taxes4.1K$30.8KForm 4
May 4, 2026Sailesh Chittipeddi
Director
Exercised options8.5Kn/aForm 4
May 4, 2026Kevin S. Palatnik
Director
Exercised options8.5Kn/aForm 4
May 4, 2026James Chris Auker
Director
Exercised options8.5Kn/aForm 4
May 4, 2026Hoshi Printer
Director
Exercised options8.5Kn/aForm 4
May 4, 2026Narbeh Derhacobian
Director
Exercised options8.5Kn/aForm 4
Mar 1, 2026Brent Michael Stringham
Chief Financial Officer
Exercised options
2 trades that day
3.8Kn/aForm 4
Mar 1, 2026Brent Michael Stringham
Chief Financial Officer
Shares withheld for taxes1.6K$9.29KForm 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

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
May 8: 4.8KMay 8May 13: 11.2KMay 19: 400May 19Jun 1: 15.3KJun 8: 101Jun 8Jun 15: 2Jun 18: 6Jun 18Jun 29: 40KJun 30: 37.9KJun 30Jul 1: 207Jul 10: 3.3KJul 10Jul 15: 1.7KJul 16: 253Jul 16Jul 24: 3.3KSep 28: 38.5KSep 28Oct 5: 19Oct 13: 2.5KOct 132.5K
Show the numbers
Failed trades (fails to deliver)
May 84.8K
May 1311.2K
May 19400
Jun 115.3K
Jun 8101
Jun 152
Jun 186
Jun 2940K
Jun 3037.9K
Jul 1207
Jul 103.3K
Jul 151.7K
Jul 16253
Jul 243.3K
Sep 2838.5K
Oct 519
Oct 132.5K

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.

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.

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.