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Stock impact report

Lantronix To Announce Results on May 14, 2020, Revises Revenue Guidance for Fiscal 2020 Third Quarter

Lantronix, Inc. (LTRX) 
Last lantronix, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: lantronix.com/investor-relations
Company Research Source: GlobeNewswire
IRVINE, Calif., April 29, 2020 (GLOBE NEWSWIRE) -- Lantronix, Inc. (the “Company”) (Nasdaq: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today announced it will release financial results for its fiscal 2020 third quarter ended March 31, 2020, on May 14, 2020, after the close of the market, and revised its revenue guidance for the quarter. Revised Business OutlookFor the third fiscal quarter of 2020, Lantronix now expects to report net revenues of $16 to $17 million, up from its previously-guided range of $15 to $17 million, announced on March 11.  The Company further announced that cash on the balance sheet as of the end of the fiscal third quarter was approximately $6.9 million. “While supply chain disruptions related to the COVID-19 virus tempered results, end demand for our connectivity solutions has been steady, and we have seen upside in demand for our intelligent edge solutions integral t Show less Read more
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