Lantronix

Lantronix provides IoT-based data access and management solutions for medical, industrial, transportation and retail sectors. Read more

LANTRONIX TOP COMPETITORS OR ALTERNATIVES

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Moxa is a top competitor of Lantronix. Moxa was founded in 1987, and is headquartered in Xindian, Taipei County. Moxa is in the Application Software industry. Moxa generates $231.8M more revenue vs. Lantronix.

Opengear is seen as one of Lantronix's top competitors. Opengear is headquartered in Edison, New Jersey, and was founded in 2004. Like Lantronix, Opengear also competes in the Computers, Peripherals, Networking and Electronic Equipment field. Opengear generates 94% the revenue of Lantronix.

Raritan, Inc. has been one of Lantronix's top competitors. Raritan, Inc.'s headquarters is in Somerset, New Jersey, and was founded in 1985. Like Lantronix, Raritan, Inc. also operates in the Computers, Peripherals, Networking and Electronic Equipment field. Raritan, Inc. generates 167% of Lantronix's revenue.

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Lantronix Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$68.2M

Lantronix's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 135.9M. Over the last four quarters, Lantronix's revenue has decreased by 1.7%. Specifically, in Q1 2021's revenue was $17.1M; in Q4 2020, it was $16.6M; in Q3 2020, it was $17.1M; in Q2 2020, Lantronix's revenue was $17.4M.

Lantronix Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Net2Edge

Apr 2021

Source »
undisclosed
-
Transition Networks, Inc.

Apr 2021

Source »
$25M
Transition Networks is a Minnesota-based designer and manufacturer of media converters, extenders, network switches, and related products for enterprises and federal agencies.
Intrinsyc Technologies Corporation

Oct 2019

Source »
$27M
Intrinsyc designs and develops embedded computing modules and IoT products for medical, telecommunication, transportation and retail sectors.
Fargo Telecom Holdings

Jul 2019

Source »
undisclosed
Fargo develops, manufactures and markets sensors, microcontrollers and IOT networking hardware products for communications and data center markets.

These are all the companies that Lantronix has acquired. Lantronix has acquired 4 companies and its latest acquisition was Net2Edge in Apr 2021.

Lantronix Funding History

Since Lantronix was founded in 1989, it has participated in 5 rounds of funding. In total Lantronix has raised $74.9M. Lantronix's last funding round was on Apr 2020 for a total of $2.4M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
Apr 2020
$2.4M

SVB Financial Group

Debt
Nov 2019
$6M
Equity
Jun 2016
$2M
-
Equity
Apr 2012
$4.5M
-
IPO
Aug 2000
$60M

Since Lantronix was founded in 1989, it has participated in 5 rounds of funding. In total Lantronix has raised $74.9M. Lantronix's last funding round was on Apr 2020 for a total of $2.4M

Lantronix Investments

No recent investments found related to Lantronix

These are all the companies that Lantronix has invested in. Lantronix has invested 4 companies and its latest investment was Net2Edge in Apr 2021.

Lantronix News

May 6, 2021Global Legal Chronicle

Lantronix's Acquisition of Transition Networks and Net2Edge

O'Melveny & Myers LLP advised Lantronix on the deal. Lantronix (Nasdaq:LTRX) announced a securities p... See more »
April 29, 2021The Business Journals: Minneapolis/St. Paul

Communications Systems sells Transition Networks, Net2Edge businesses to Lantronix

Communications Systems is shifting away from the broadband industry as it plans a merger with Wayzata... See more »
April 29, 2021MarketScreener

Transaction brings increased scale and operating efficiencies to Lantronix, with combined annual revenue expected to exceed $100 million

(marketscreener.com) Transaction brings increased scale and operating efficiencies to Lantronix, with... See more »
April 29, 2021MarketScreener

GAAP Gross Margins of 45.1% Improved 290 Basis Points Sequentially from 42.2% Reflecting Strengthening Product Mix

(marketscreener.com) GAAP Gross Margins of 45.1% Improved 290 Basis Points Sequentially from 42.2% Re... See more »
April 29, 2021Zacks

Lantronix, Inc. (LTRX) Surpasses Q3 Earnings and Revenue Estimates

Lantronix, Inc. (LTRX) delivered earnings and revenue surprises of 150.00% and 1.83%, respectively, f... See more »
April 29, 2021MarketScreener

Acquisition of Transition Networks Presentation - April 2021

(marketscreener.com) www.lantronix.com 1 Lantronix to Acquire Transition Networks, Net2Edge from Comm... See more »

Lantronix Blogs

January 28, 2021Lantronix Blog

Why Wi-Fi Certification Is Important to Your Success:

A Look Inside the Wi-Fi Certification Process By Zeenath Venkata Essential for home networking, publi... See more »
December 21, 2020Lantronix Blog

Running OpenCL Sample Application on Open-Q 820 System on Module, powered by Qualcomm Snapdragon 820 SOC

The post Running OpenCL Sample Application on Open-Q 820 System on Module, powered by Qualcomm® Snap... See more »
December 9, 2020Lantronix Blog

Revolutionizing the Safety of Industrial Workers

How Lantronix Supported the Development of the Guardhat Communicator Smart Hardhat To revolutionize t... See more »
December 9, 2020Lantronix Blog

Bringing Moxie to Life

How Lantronix Supported the Development of a Children’s Companion Robot Created by Embodied Inc., an ... See more »
November 30, 2020Lantronix Blog

Intrinsyc (TSX: ITC and OTCQX: ISYRF) Announces New Orders for the Company's Open-Q Edge Computing Modules and Product Development Services

New Orders received from Clients valued at US$921,011The post Intrinsyc (TSX: ITC and OTCQX: ISYRF)... See more »
October 16, 2020Lantronix Blog

New Lantronix Open-Q™ 865XR SOM Jumpstarts Product Development for So Much More Than Augmented Reality/Virtual Reality Applications

Open-Q 865XR SOM enables product development beyond Augmented Reality/Virtual Reality Applications! &... See more »
October 16, 2020Lantronix Blog

New Lantronix Open-Q 865XR SOM Jumpstarts Product Development for So Much More Than Augmented Reality/Virtual Reality Applications

Open-Q 865XR SOM enables product development beyond Augmented Reality/Virtual Reality Applications! ... See more »

Lantronix Press Releases

March 30, 2021GlobalNewswire

Lantronix Named to 2021 CRN Partner Program Guide

Lantronix met strict scoring for CRN partner program based on channel benefits that drive success Lan... See more »
March 23, 2021GlobalNewswire

Lantronix Powers Industrial Internet of Things With Solutions That Improve Lives

Smart Cities Safety, Increased Bank Security and Intelligent Point of Sale for Retail Smart Cities Sa... See more »
March 3, 2021GlobalNewswire

Lantronix Announces the Availability of Mobile Hardware Development Kit Featuring Qualcomm Snapdragon 888

Accelerates Innovation, Development, Testing and Deployment of Android Mobile Applications in AI, Gam... See more »
January 21, 2021GlobeNewswire

Lantronix to Report Fiscal 2021 Second Quarter Results on February 11, 2021

IRVINE, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Lantronix, Inc. (the "Company") (NASDAQ: LTRX), a g... See more »
November 16, 2020GlobeNewswire

Form 8.3 - 180 Degree Capital Corp.

UK DISCLOSURE, Nov. 16, 2020 (GLOBE NEWSWIRE) --FORM 8.3... See more »
June 25, 2020GlobeNewswire

Lantronix Delivers Smart Connectivity to Leading Industrial Weighing Scales Manufacturer

Wireless Smart Scales Enable Easy Store Reconfigurations and Wireless Transmission to Point-of-Sale T... See more »
May 28, 2020GlobeNewswire

Lantronix ConsoleFlow Undergoes Extensive Network Penetration Testing and Source Code Review by IntelligINTS

ConsoleFlow Provides Secure Remote Monitoring and Control of Equipment, Including Industrial and Medi... See more »

Lantronix Videos

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Lantronix Headquarters

7535 Irvine Center Drive Suite 100

Irvine, California92618

800-526-8766

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Lantronix Summary

ABOUT

Overview

Lantronix provides IoT-based data access and management solutions for medical, industrial, transportation and retail sectors. Lantronix was founded in 1989. Lantronix's headquarters is located in Irvine, California, USA 92618. It has raised 74.9M in 5...

CEO

Lantronix's President & CEO, Paul Pickle, currently has an approval rating of 92%. Lantronix's primary competitors are Moxa, Opengear & Raritan, Inc..

Frequently Asked Questions about Lantronix

  1. When was Lantronix founded?

    Lantronix was founded in 1989
  2. Who is Lantronix's CEO?

    Lantronix's CEO is Paul Pickle
  3. How much revenue does Lantronix generate?

    Lantronix generates $68.2M in revenue
  4. How much funding does Lantronix have?

    Lantronix has historically raised $74.9M in funding
  1. Where is Lantronix's headquarters?

    Lantronix's headquarters is in Irvine California, USA
  2. How many employees does Lantronix have?

    Lantronix has 210 employees
  3. What sector does Lantronix operate in?

    Lantronix is in Computers, Peripherals, Networking and Electronic Equipment
  4. Who are Lantronix's competitors?

    Lantronix's top competitors are Moxa, Opengear, Raritan, Inc.