Lantronix Updates Revenue Guidance for the Third Quarter of Fiscal 2020
Lantronix, Inc. (LTRX)
Last lantronix, inc. earnings: 2/12 04:30 pm
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Source: GlobeNewswire
IRVINE, Calif., March 11, 2020 (GLOBE NEWSWIRE) -- Lantronix, Inc. (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today updated its guidance for the third quarter of fiscal 2020 ending March 31, 2020. Our quarterly guidance provided on February 12, 2020 reflected our best estimate available at that time of the impact COVID-19 could have on our business. Since that date, we have experienced supply chain shortages more severe than initially expected as our overseas contract manufacturers have struggled to get back to full capacity following the extended Chinese New Year holiday, the rapid spread of the virus worldwide, and the growing number of quarantines related to COVID-19. While quarter to date we have seen no material order cancellations, demand has slowed as our customers struggle with the same disruptions. As a result of these factors and the overall uncertainty in the economy and our markets, we ar
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Sec Filings
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- 11/18/24 - Form 4
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