Lantronix Reports $120.9 Million Revenue with Net Loss Improvement in Fiscal 2026

Lantronix Inc. reported a net revenue of $120.9 million for the fiscal year ending June 30, 2026, reflecting a decrease of $2.0 million, or 1.6%, compared to the previous fiscal year. The decline was primarily driven by a significant 15.2% drop in revenue from the IoT System Solutions product line, which was partially offset by increases of 15.6% in Embedded IoT Solutions and 15.5% in Software and Services. The company recorded a net loss of $4.2 million for fiscal 2026, a notable improvement from the net loss of $11.4 million in fiscal 2025, attributed to a reduction in operating expenses and an increase in gross profit.

Geographically, revenue from the Americas increased by 20.2% to $84.3 million, while revenue from the EMEA and APJ regions fell by 30.2% and 31.3%, respectively. The decline in these regions was largely due to the loss of a significant customer, Gridspertise, which accounted for over $11 million in revenue in the prior year but did not contribute in fiscal 2026. The company’s Embedded IoT Solutions saw higher unit sales, particularly in the Americas and EMEA, driven by demand for drone and aerospace products.

Strategically, Lantronix completed the acquisition of the Industrial IoT business of Vecima Networks for approximately $11.7 million, which is expected to enhance its position in the critical infrastructure monitoring market. This acquisition adds a customer base of approximately 125,000 asset tags under management and is anticipated to increase annual recurring revenue. The company continues to focus on innovation and strategic acquisitions to broaden its product offerings and enhance its value proposition in the market.

Operationally, Lantronix had a total employee count of 330 as of August 2026, with no labor disputes reported. The company’s cash and cash equivalents increased significantly to $60.5 million, up from $20.1 million in the previous year, bolstered by net proceeds from equity offerings totaling approximately $44.1 million. Looking ahead, Lantronix aims to capitalize on market opportunities by enhancing its product offerings, expanding geographically, and pursuing targeted acquisitions that align with its long-term growth objectives. The company remains cautious about potential risks, including supply chain constraints and market fluctuations, which could impact future performance.