Lantronix, Inc. (NASDAQ:LTRX) is set to announce fourth quarter earning results on Thursday 10th September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LTRX to report 4Q20 income of $ 0.03 per share.
For the full year, analysts anticipate top line of $ 59.70 million, while looking forward to income of $ 0.07 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 17.10 million ~ $ 17.60 million
Full Year 2020 topline are forecasted in a range of$ 60.96 million ~ $ 63.30 million, where as bottomline are predicted in a range of $ 0.16 ~ $ 0.18 per share
Click Here For More Historical Outlooks Of Lantronix, Inc.
Previous Quarter Performance
Lantronix, Inc. communicated income for the third quarter of $ 0.02 per share, from the revenue of $ 16.51 million. The quarterly earnings 60.00 percent compared with the same quarter last year. Street analysts expected $ 16.10 million. The top line results outshined analysts by $ 0.41 million or 2.55 percent.
Stock Performance
Shares of Lantronix, Inc. traded up $ 0.15 or 3.21 percent on Wednesday, reaching $ 4.83 with volume of 44.00 thousand shares. The stock opened positive for the day at $ 4.75, after closing the previous day trading at $ 4.68.
According to the previous trading day, closing price of $ 4.68, representing a 196.20 % increase from the 52 week low of $ 1.58 and a 14.6 % decrease over the 52 week high of $ 5.48.
The company has a market capital of $ 135.04 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Lantronix, Inc. will be hosting a conference call at 5:00 PM eastern time on 10th September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lantronix.com
Lantronix, Inc. provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The companys IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
