Filing Flows › Lantronix (LTRX) › Q3 FY25
Lantronix (LTRX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 9, 2025
Lantronix (LTRX) reported revenue of $28.5M for the third quarter fiscal 2025 (Q3 FY25), -31% from a year earlier and -9% from the quarter before. Operating margin was -12.6%, net loss $3.9M (13.6% of revenue).
Lantronix, Q3 FY25: revenue $28.5M (-31% year over year), operating margin -12.6%, net loss $3.9M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.5M | -9% | -31% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $3.2M | +850% | -10% |
| Free cash flow | $3.1M | 12× | -10% |
What changed
Revenue was $28.5M in Q3 FY25, down 31% year over year and down 9% from the previous quarter. IoT System Solutions was the largest line at 52% of revenue. IoT System Solutions lost $12.1M year over year (down 45%), 95% of the total change.
Gross margin was 43.5%, up 3.4 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -12.6%. Operating expenses fell 4% while revenue fell 31%. The fastest-growing cost line was Other operating costs (+54%). The quarter ended with a net loss of $3.9M, wider than the previous quarter's $2.4M loss.
Operating cash flow was $3.2M (down 10% year over year). Non-cash charges added back $502K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $5.1M. Capital expenditures of $121K left free cash flow of $3.1M.
Questions
What was Lantronix's revenue in the third quarter fiscal 2025?
Lantronix (LTRX) reported revenue of $28.5M for the third quarter fiscal 2025 (Q3 FY25), -31% from a year earlier and -9% from the quarter before.
Was Lantronix profitable in the third quarter fiscal 2025?
Operating loss was $3.6M (-12.6% of revenue) and net loss $3.9M.
Source: Lantronix 10-Q on SEC EDGAR.