Latest news with #Lantronix
Techday NZ
3 days ago
- Business
- Techday NZ
Lantronix & Aerora partner to advance AI-powered drone systems
Lantronix has entered into a new collaboration with Aerora to drive development in Edge AI-driven solutions for drones, robotics, and surveillance applications targeting multiple industry sectors. The relationship pairs Aerora's OEM platform for AI-powered visual navigation systems with Lantronix's Open-Q System-on-Module (SoM), which leverages Qualcomm Technologies chipsets. This aims to deliver processing power for situational awareness, computational imaging, and real-time decision-making in high-demand scenarios. Market opportunity The global drone market is anticipated to reach $163.6 billion by 2030, with a compound annual growth rate of 15% according to Grandview Research. Segments such as logistics, agriculture, infrastructure and public safety are identified as the principal drivers for this expansion. The U.S. Federal Government has affirmed the importance of unmanned aircraft systems for commercial and government uses, offering support for manufacturers in the field. Lantronix and Aerora are responding to increasing commercial and governmental demand for advanced drone solutions, especially where AI-driven features can offer new capabilities. The partnership is positioned to speed up technological advancement while helping original equipment manufacturers (OEMs) face the challenge of shortening development timelines and maintaining quality. Technology integration At the core of the solution is Aerora's platform, which incorporates pre-integration of key system components including the camera, gimbal, gimbal motors, housing, telemetry and interface. Developers can achieve simultaneous 4K video streaming alongside high-resolution thermal video, which expands operational capacity in surveillance, search and rescue, environmental monitoring, and industrial inspections. The integrated package also includes the Teledyne FLIR Hadron 640R module and Prism software, bringing thermal and RGB imaging to new levels of precision and reliability. Such technologies address the pressure for faster time-to-market and reduced engineering overhead in a competitive sector. "Lantronix's collaboration with Aerora promises to advance the development of AI-powered drones and other intelligent applications, equipping developers with cutting-edge tools from leading embedded compute technologies," said Saleel Awsare, CEO and president of Lantronix. "This breakthrough in advanced AI-driven solutions delivers a transformative impact, opening doors to new opportunities in both private and government sectors." Lantronix's Open-Q SoMs serve as the foundation for the AI systems, providing reliability for drone, robotics and surveillance application developers as they seek to deploy Edge AI while retaining access to embedded compute expertise. OEM focus and compliance Aerora's technology has an emphasis on achieving NDAA (National Defense Authorization Act) compliance, a critical standard for many government and defence customers in the United States. By merging capabilities from Lantronix, Qualcomm Technologies, and Teledyne FLIR, Aerora intends to offer a solution that is not only flexible but scalable for manufacturing at high volumes. "At Aerora, our core mission is to deliver rapid integration, flexible sensor solutions and fully NDAA-compliant manufacturing at scale. By collaborating closely with industry leaders like Lantronix and Qualcomm and integrating advanced imaging technologies such as Teledyne FLIR's Hadron 640R, we empower drone OEMs to significantly reduce development timelines, expand their operational capabilities and confidently meet demanding market requirements," said Ghel Ghedh, chief technology officer for Aerora. This ongoing incorporation of AI-powered navigation, imaging, and control systems is anticipated to support OEM drone manufacturers with faster and more reliable product development, meeting both technology and regulatory benchmarks. Through these efforts, both companies seek to support expansion in drone usage across civil, industrial, and public safety sectors, where high standards for imaging and rapid response are increasingly required.
Barnama
5 days ago
- Business
- Barnama
Next-Gen Edge AI Solutions For The Real World: Autonomous Navigation For Drones, Surveillance And Robotics
IRVINE, Calif., June 18 (Bernama) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today announced its collaboration with Aerora, a provider of integrated NDAA-compliant propulsion, ground control and precision AI payload systems. This collaboration delivers Edge AI-driven solutions that significantly accelerate advancements in drones, robotics and surveillance applications delivered by Aerora's OEM platform for AI-Powered Visual Navigation. 'Lantronix's collaboration with Aerora promises to advance the development of AI-powered drones and other intelligent applications, equipping developers with cutting-edge tools from leading embedded compute technologies,' said Saleel Awsare, CEO and president of Lantronix. 'This breakthrough in advanced AI-driven solutions delivers a transformative impact, opening doors to new opportunities in both private and government sectors.'
Globe and Mail
26-05-2025
- Business
- Globe and Mail
2 Penny Stocks That Wall Street Thinks Can Gain 118% to 160% From Here
Penny stocks are shares of small companies that trade for less than $5 per share. The advantage of investing in penny stocks is that you can buy a large number of shares for a small sum of money, and if the underlying company succeeds, the return on investment can be significant. However, they can be very volatile and hence very risky. Investors who can stomach these risks may find these 'Strong Buy'-rated penny stocks appealing over the long run. Penny Stock #1: Lantronix With a market cap of $88.4 million, Lantronix (LTRX) is a technology company that makes devices that connect sensors, machines, and systems to the internet. These products are widely used in industrial automation, smart cities, healthcare, and transportation. It also offers software solutions that enable secure data access and management in the Internet of Things (IoT) and remote computing environments. While fiscal 2024 showed strong growth, recent quarters have been challenging. The stock is down 45.8% year to date, while the S&P 500 Index ($SPX) is up 0.5%. Nonetheless, Wall Street rates the stock as a 'Strong Buy' with upside potential of more than 115%. In fiscal 2024, Lantronix achieved significant milestones, with annual revenue rising 22% year-over-year to $160.3 million, with a 74% increase in adjusted earnings to $0.40 per share. However, the momentum from fiscal 2024 did not carry into fiscal 2025. In the most recent third quarter, total revenue fell 30.8% to $28.5 million, while adjusted earnings per share fell to $0.03 from $0.11 in the year-ago quarter. The company attributed the declines to macroeconomic challenges and restructuring efforts. Management stated that the company will continue to invest in high-growth areas like AI-enabled gateways and 5G connectivity. Lantronix is actively pursuing strategies to regain its growth trajectory. In the third quarter, it launched the Open-Q 8550CS System on Module (SoM), built on Qualcomm's (QCOM) QCS8550 processor, which targets next-generation industrial and robotics applications. The company has also hired new executives to spearhead strategic expansion. Furthermore, it has collaborated with Teledyne/FLIR to enable AI-driven drone thermal cameras, demonstrating the capabilities of its Open-Q platform in mission-critical edge vision systems. These initiatives are intended to position Lantronix favorably in the evolving IoT landscape. Analysts expect Lantronix revenue and earnings to fall for the full year fiscal 2025. However, revenue and earnings could increase by 3.2% and 38% in fiscal 2026. On Wall Street, of the five analysts that cover Lantronix stock, four rate it a 'Strong Buy,' while one recommends a 'Moderate Buy.' Needham analyst Ryan Koontz believes that while the recent quarter produced mixed results and a cautious outlook due to macroeconomic uncertainty, these challenges are temporary. He sees Lantronix's strategic shift to edge AI and compute applications as a key driver of future success. However, reflecting this balanced view, he reduced the price target to $4.50 while maintaining his 'Buy' rating. The mean target price for the stock is $4.90, which is 118% above current levels. The Street-high estimate of $8 implies upside of 257% over the next 12 months. Lantronix's fiscal 2024 performance demonstrated its potential in the IoT market. However, given the company's fiscal 2025 performance, investors should keep an eye on whether it can reestablish its growth trajectory in the highly competitive IoT market. Penny Stock #2: Ceragon Networks With a market cap of $206 million, Ceragon Networks (CRNT) is a global provider of wireless backhaul solutions. It specializes in high-capacity, cost-effective wireless transport for mobile operators and private networks. Ceragon stock is down 50% year-to-date, compared to the broader market index. In 2024, Ceragon reported revenues of $394.2 million, up 13.5% year on year. The company reported its highest revenue since 2012, thanks to strong demand in India and an increase in private network deployments. In the first quarter of 2025, Ceragon reported revenues of $88.7 million, a slight increase of 0.2% year-over-year. However, adjusted earnings per share fell to $0.03, compared to $0.05 in the year-ago quarter. Ceragon has introduced several innovative products to bolster its market position, including millimeter-wave solutions like the IP-50EX and IP-50CX. In February, Ceragon completed the acquisition of End 2 End (E2E) Technologies, a U.S.-based systems integration and software firm specializing in private networks for the energy and utilities sectors. The acquisition is expected to contribute $15 million to $19 million in revenues for 2025 and be accretive to non-GAAP earnings in the second half of the year. Ceragon has set a revenue guidance range of $390 million to $430 million for 2025, including contributions from the E2E acquisition. Analysts predict revenue growth to be roughly 7.9% in 2026, followed by earnings growth of 44.6%. On Wall Street, of the five analysts that cover Ceragon stock, four rate it a 'Strong Buy' while one recommends a 'Moderate Buy.' The mean target price for the stock is $6.10, which is 160% above current levels. The Street-high estimate of $10 implies upside of 327% over the next 12 months. With the ongoing expansion of 5G networks and rising demand for high-speed data transmission, Ceragon's long-term prospects are promising. However, as a penny stock, investors should closely monitor the company's strategic plans and ability to navigate the competitive telecommunications market.
Yahoo
22-05-2025
- Business
- Yahoo
Lantronix Awarded 2025 TMC Labs Innovation Award for Its SmartLV IoT Cellular Gateway
Designed for low-voltage substations and distribution automation applications, the SmartLV is built with advanced cyber security protocols and AI capabilities IRVINE, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that Lantronix has won a 2025 TMC Labs Innovation Award for its SmartLV IoT cellular gateway. Powered by the Qualcomm® IQ-615 processor, it is the first AI-enabled IoT Edge Compute Cellular Gateway. Presented by TMC, a global, integrated media company, this award honors products that display innovation, unique features and significant contributions toward improving communications technology. Award winners are highlighted on TMCnet's online news portal. 'Through its SmartLV IoT cellular gateway, Lantronix has proven its commitment to quality and the further development of IoT communications industry,' said Rich Tehrani, CEO, TMC. 'We honor Lantronix as among the top companies that have demonstrated ground-breaking contributions to the industry.' 'We are very honored to win the TMC Labs Innovation Award. This award is highly valued by our team as we pride ourselves on innovation,' said Saleel Awsare, CEO and president of Lantronix Inc. 'Together with our long-term relationship with Qualcomm, we create and deliver groundbreaking IoT solutions that enable our customers to harness the power of AI to transform their businesses.' AI at the Edge: Transforming Energy Management Designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors, the SmartLV is engineered to revolutionize real-time visibility, control and automation in the energy sector. This remote management ability provides Distribution System Operators (DSOs) with the ability to control and steer energy precisely when and where it's needed. Built with advanced cybersecurity protocols and AI capabilities, the SmartLV ensures robust, reliable and secure operations for mission-critical applications, offering unmatched control over low-voltage substations and Distributed Energy Resources (DERs). 'The SmartLV Gateway is a leap forward in empowering utility operators with critical, real-time insights and control over their low-voltage substations,' said Mathi Gurusamy, chief strategy officer at Lantronix. 'By utilizing Qualcomm Technologies' AI technology, this solution helps to address today's most pressing challenges at the edge of the smart grid.' About Lantronix Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix's advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing. For more information, visit the Lantronix website. ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. 'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers' and vendors' supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the 'SEC') on Sept. 9, 2024, including in the section entitled 'Risk Factors' in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about 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. Lantronix Media Contact:Gail Kathryn MillerCorporate Marketing &Communications Managermedia@ Lantronix Analyst and Investor Contact:investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Lantronix Third Quarter 2025 Earnings: Misses Expectations
Revenue: US$28.5m (down 31% from 3Q 2024). Net loss: US$3.87m (loss widened by US$3.45m from 3Q 2024). US$0.10 loss per share (further deteriorated from US$0.011 loss in 3Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 88%. Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Communications industry in the US. Performance of the American Communications industry. The company's shares are down 6.7% from a week ago. Be aware that Lantronix is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
