Lantronix, Inc. (NASDAQ:LTRX) is reporting first quarter financial results on Thursday 12th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, LTRX is expected to report 1Q21 income of $ 0.05 per share from revenue of $ 17.53 million.
For the full year, analysts anticipate top line of $ 72.80 million, while looking forward to income of $ 0.23 per share bottom line.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 71.85 million ~ $ 74.85 million, where as bottomline are predicted in a range of $ 0.20 ~ $ 0.23 per share
Click Here For More Historical Outlooks Of Lantronix, Inc.
Previous Quarter Performance
Lantronix, Inc. posted income for the fourth quarter of $ 0.04 per share, from the revenue of $ 17.40 million. The quarterly earnings up 33.33 percent while revenues raised 71.43 percent compared with the same quarter last year.
Street analysts expected Lantronix, Inc. to report income of $ 0.03 per share on revenue of $ 17.20 million for the fourth quarter. The bottom line results beat street analysts by $ 0.01 or 33.33 percent, at the same time, top line results outshined analysts by $ 0.20 million or 1.16 percent.
Stock Performance
Shares of Lantronix, Inc. traded up $ 0.11 or 2.32 percent on Wednesday, reaching $ 4.85 with volume of 72.90 thousand shares. Lantronix, Inc. has traded high as $ 4.90 and has cracked $ 4.76 on the downward trend
The closing price of $ 4.85, representing a 200.00 % increase from the 52 week low of $ 1.58 and a 13.5 % decrease over the 52 week high of $ 5.48.
The company has a market capital of $ 138.51 million and is part of the Technology sector and Communication Equipment industry.
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.
