Filing Flows › Lantronix (LTRX) › Q2 FY25
Lantronix (LTRX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 7, 2025
Lantronix (LTRX) reported revenue of $31.2M for the second quarter fiscal 2025 (Q2 FY25), -16% from a year earlier and -9% from the quarter before. Operating margin was -6.9%, net loss $2.4M (7.6% of revenue).
Lantronix, Q2 FY25: revenue $31.2M (-16% year over year), operating margin -6.9%, net loss $2.4M, operating cash flow $340K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.2M | -9% | -16% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | $340K | -87% | -94% |
| Free cash flow | $256K | -90% | -94% |
What changed
Revenue was $31.2M in Q2 FY25, down 16% year over year and down 9% from the previous quarter. IoT System Solutions was the largest line at 60% of revenue. IoT System Solutions lost $4.4M year over year (down 19%), 75% of the total change.
Gross margin was 42.6%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -6.9%. Operating expenses fell 8% while revenue fell 16%. The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was $340K (down 94% year over year). Non-cash charges added back $573K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $626K. Capital expenditures of $84K left free cash flow of $256K.
Questions
What was Lantronix's revenue in the second quarter fiscal 2025?
Lantronix (LTRX) reported revenue of $31.2M for the second quarter fiscal 2025 (Q2 FY25), -16% from a year earlier and -9% from the quarter before.
Was Lantronix profitable in the second quarter fiscal 2025?
Operating loss was $2.2M (-6.9% of revenue) and net loss $2.4M.
Source: Lantronix 10-Q on SEC EDGAR.