Lantronix Inc reports results for the quarter ended in December - Earnings Summary

Lantronix

10/02/2022 23:33

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
10 cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
8 cents per share.
    * Revenue rose 103.1% to $33.68 million from a year ago; 
analysts
expected $28.95 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Lantronix Inc shares had risen by 2.3% this quarter.
    * The company reported a quarterly loss of $2.4 million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated February 10 at 11:33 p.m.
 ​All figures in US dollars unless otherwise stated