Lantronix, Inc
Lantronix Inc. designs and sells edge AI and industrial IoT products that add compute, secure connectivity, and remote management to mission-critical devices and networks. Its portfolio spans embedded modules, standalone networking systems, and software/services used in applications such as smart cities, utility infrastructure, video surveillance, and out-of-band network management.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaEmbedded compute and connectivity products designed into OEM and ODM devices for edge processing and device intelligence.
Standalone networking and gateway products including routers, switches, OOB access, PoE, and protocol conversion.
Cloud management software, SaaS, support, extended warranty, and engineering services tied to hardware deployments.
Tuotteet
Raportoitu · osuus liikevaihdosta- Io T System Solutions48,2 %
- Embedded Io T Solutions44,3 %
- Software and Services7,5 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Lantronix sells primarily to OEMs, ODMs, contract manufacturers, distributors, resellers, systems integrators, and end users. Its products are bought to shorten time-to-market, add secure connectivity, and enable edge analytics in industrial, enterprise IT, smart city, and utility applications.
Buy embedded compute and connectivity products to integrate into their own devices and platforms.
Purchase and resell Lantronix hardware across broad end markets, making them a key route to market.
Buy out-of-band network management, secure access, and remote monitoring products to improve uptime.
Use gateways, routers, and embedded solutions for automation, smart grid, and infrastructure control.
Buy edge devices and management software for surveillance, traffic, and connected infrastructure.
Strategia
Lantronix is focusing on edge AI, industrial IoT, and mission-critical connectivity where its hardware and software can be designed into customer platforms for long product cycles. Recent acquisitions, including Netcomm, are meant to broaden the portfolio in enterprise and smart city markets and strengthen positions in critical infrastructure, asset monitoring, and telecommunications.
Design-in wins can create long revenue tails and higher switching costs once products are embedded in customer platforms.
Software, SaaS, and support improve customer stickiness and diversify revenue beyond hardware cycles.
Acquisitions can add products, customers, and capabilities in enterprise and smart city markets.
Maantiede
Lantronix manages sales by three regions: the Americas, EMEA, and APJ, and it operates globally through distributors and direct customer relationships. Fiscal 2025 revenue was concentrated in the Americas at 57.0%, with EMEA at 25.1% and APJ at 17.9%, showing meaningful exposure to regional project timing and customer concentration. The company also relies on a third-party logistics provider in Hong Kong, which adds operational exposure in Asia.
Riskit
Lantronix is exposed to customer concentration, project-based demand, and supply-chain dependence, so the loss or delay of a few large customers can materially affect revenue. It also faces typical hardware-industry risks such as component shortages, single-sourced suppliers, logistics disruptions, cybersecurity threats, and rapid technology change that can pressure margins and inventory levels.
- Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen
A relatively small number of distributors and end users account for a large portion of revenue, so any loss or slowdown can materially reduce sales.
Kohdistuu: Distributor and end-user concentration
- Supply-chain and component availabilityVaikutus: KorkeaTodennäköisyys: Kohtalainen
The company depends on contract manufacturers and several single-sourced suppliers for raw materials and integrated circuits.
Kohdistuu: Hardware sourcing and manufacturing
- Project timing and customer deployment delaysVaikutus: KeskitasoTodennäköisyys: Korkea
IoT system revenue can depend on capital spending and deployment schedules, causing quarter-to-quarter volatility.
Kohdistuu - Cybersecurity and IP protectionVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Edge devices and remote management software are exposed to cyber incidents and technology leakage.
Kohdistuu: Connected devices and cloud management
Kirjanpito
Harkinnanvaraiset erätThe company sells products, SaaS, warranties, and engineering services, so timing and allocation of revenue can materially affect quarterly results.
Vaikutus: Hardware is often point-in-time; services and support may be over time.
Hardware demand can shift quickly and customer delays can create excess or obsolete inventory reserves.
Vaikutus: Can affect cost of revenue and gross margin.
Acquisitions such as Netcomm create goodwill and intangibles that must be tested for impairment.
Vaikutus: Impairment charges could be material if acquired products underperform.
Networking and embedded hardware carry warranty obligations and return risk that require estimates.
Vaikutus: Affects liabilities and gross profit.
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Päivitetty: 24.9.2026