Lantronix Announces Preliminary Revenue for Second Quarter of Fiscal 2017 Ahead of Presentation at 19th Annual Needham Growth...
January 11 2017 - 4:05PM
Lantronix, Inc. (the “Company”) (NASDAQ:LTRX), a global provider of
secure data access and management solutions for Internet of Things
(IoT) and information technology (IT) assets, today announced
preliminary net revenue for its second fiscal quarter ended
December 31, 2016.
The Company estimates net revenue for the second quarter of
fiscal 2017 to be in the range of $10.9 -$11.1 million,
representing year-over-year revenue growth in the range of 14-16%,
compared with net revenue of $9.5 million for the second quarter of
fiscal 2016.
“We experienced continued momentum with preliminary results
showing year-over-year growth in sales in both our IoT and IT
management product lines in the December quarter,” said Lantronix
CEO Jeff Benck. “I’m grateful to our team for finishing the
calendar year strong and demonstrating continued operational
execution.”
Lantronix management will be presenting this week at the 19th
Annual Needham Growth Conference in New York City. A webcast of the
Company’s presentation will be available live on Thursday, January
12, 2017 at 9:20 a.m. Eastern Standard Time (6:20AM Pacific
Standard Time) in the investor relations section of the Company’s
website at www.lantronix.com.
The Company also announced that it will report its financial
results for the fiscal year 2017 second quarter ended December 31,
2016 on January 26, 2017 after the close of the market. Management
will host an investor conference call and audio webcast at 5:00
p.m. Eastern Standard Time (2:00 p.m. Pacific Standard Time) on
Thursday, January 26, 2017 to discuss the Company’s fiscal year
2017 second quarter results.
To access the live conference call, investors should dial
1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate
that they are participating in the Lantronix Q2 FY 2017 call. The
webcast will be available simultaneously via the investor relations
section of the Company’s website at www.lantronix.com.
Investors can access a replay of the conference call starting at
approximately 5:00 p.m. Pacific Standard Time on Thursday, January
26, 2017 at www.lantronix.com. A telephonic replay will also be
available through February 2, 2017 by dialing 1-877-344-7529 (US)
or 1-412-317-0088 (international) and entering passcode
10099548.
About Lantronix Lantronix, Inc. is a
global provider of secure data access and management solutions for
Internet of Things (IoT) and information technology (IT) assets.
Our mission is to be the leading supplier of IoT gateways that
enable companies to dramatically simplify the creation, deployment,
and management of IoT projects while providing secure access to
data for applications and people.
With more than two decades of experience in creating robust
machine to machine (M2M) technologies, Lantronix is an innovator in
enabling our customers to build new business models and realize the
possibilities of the Internet of Things. Our connectivity solutions
are deployed inside millions of machines serving a wide range of
industries, including data center, medical, security, industrial,
transportation, retail, financial, environmental and
government.
Lantronix is headquartered in Irvine, California, with offices
in Europe and Asia. For more information, visit
www.lantronix.com.
Learn more at the Lantronix blog, www.lantronix.com/blog,
featuring industry discussion and updates. To follow Lantronix on
Twitter, please visit www.twitter.com/Lantronix. View our video
library on YouTube at www.youtube.com/user/LantronixInc or
connect with us on LinkedIn at
www.linkedin.com/company/lantronix.
Forward-Looking Statements
This news release contains forward-looking
statements, including statements concerning our projected operating
and financial performance. These forward-looking statements are
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. We have
based our forward-looking statements on our current expectations
and projections about trends affecting our business and industry
and other future events. Although we do not make forward-looking
statements unless we believe we have a reasonable basis for doing
so, we cannot guarantee their accuracy. Forward-looking statements
are subject to substantial risks and uncertainties that could cause
our results or experiences, or future business, financial
condition, results of operations or performance, to differ
materially from our historical results or those expressed or
implied in any forward-looking statement contained in this news
release. Some of the risks and uncertainties that may cause actual
results to differ from those expressed or implied in the
forward-looking statements are described in “Risk Factors” in our
Annual Report on Form 10-K filed with the Securities and Exchange
Commission, or SEC, as well as in our other filings with the SEC.
In addition, actual results may differ as a result of additional
risks and uncertainties of which we are currently unaware or which
we do not currently view as material to our business. For these
reasons, investors are cautioned not to place undue reliance on any
forward-looking statements. The forward-looking statements we make
speak only as of the date on which they are made. We expressly
disclaim any intent or obligation to update any forward-looking
statements after the date hereof to conform such statements to
actual results or to changes in our opinions or expectations,
except as required by applicable law or the rules of the NASDAQ
Stock Market, LLC. If we do update or correct any forward-looking
statements, investors should not conclude that we will make
additional updates or corrections.
© 2017 Lantronix, Inc. All rights reserved.
Lantronix Contact:
E.E. Wang
Director, Corporate Marketing and Investor Relations
investors@lantronix.com
ee.wang@lantronix.com
949-614-5879
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
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