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

Lantronix

05/05/2022 01:10

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
8 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
7 cents per share.
    * Revenue rose 88.9% to $32.32 million from a year ago; 
analysts
expected $29.48 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Lantronix Inc shares had fallen by 19.0% this quarter and
lost 30.9% so far this year.
    * The company reported a quarterly loss of $3.19 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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 12:10 a.m.  ​All
figures in US dollars unless otherwise stated