On this page of StockholderLetter.com we present the latest annual shareholder letter from LANTRONIX INC — ticker symbol LTRX. Reading current and past LTRX letters to shareholders can bring important insights into the investment thesis.
Annual Report 2024
Our Target Markets: Lantronix, Inc. is a global leader in compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive, and Enterprise. Our Mission Smart City is to empower companies to achieve success in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack and provide proven scalable solutions that drive operational GH EKGPE[ Our Solutions Automotive Enterprise consist of leading-edge solutions including Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
September 17, 2024 Dear Fellow Shareholders, 6JKU KU O[ TUV NGVVGT VQ UJCTGJQNFGTU UKPEG LQKPKPI .CPVTQPKZ KP NCVG 0QXGODGT CPF + CO RNGCUGF VQ TGRQTV QP VJG EQPVKPWCN RTQITGUU VJCV YG JCXG OCFG KP FGNKXGTKPI PCPEKCN TGUWNVU KORTQXKPI DWUKPGUU UVTCVGI[ CPF UKORNKH[KPI QWT DWUKPGUU Financial Accomplishment +P UECN YG GZRGTKGPEGF UKIPK ECPV ITQYVJ 9G TGRQTVGF TGEQTF TGXGPWG QH OKNNKQP TGRTGUGPVKPI ITQYVJ HTQO VJG RTKQT [GCT +P CFFKVKQP KP UECN YG CNUQ KORTQXGF QWT DCNCPEG UJGGV CPF NKSWKFKV[ HTQO VJG RTKQT [GCT 9G GPFGF VJG [GCT YKVJ ECUJ QH OKNNKQP WR HTQO VJG RTKQT [GCT D[ IGPGTCVKPI OKNNKQP KP ECUJHNQY HTQO QRGTCVKQPU 9G TGFWEGF KPXGPVQTKGU HTQO OKNNKQP KP VJG RTKQT [GCT VQ OKNNKQP C TGFWEVKQP QH (WTVJGTOQTG YG KPETGCUGF QWT YQTMKPI ECRKVCN VQ OKNNKQP CP KPETGCUG QH HTQO VJG RTKQT [GCT 9KVJ VJGUG PCPEKCN KORTQXGOGPVU YG TGOCKP YGNN RQUKVKQPGF VQ drive our organic and inorganic growth strategy. Strategic Focus #V .CPVTQPKZ YG GPCDNG 'FIG +PVGNNKIGPEG YKVJ QWT %QORWVG CPF %QPPGEV UQNWVKQPU CNNQYKPI QWT EWUVQOGTU VQ KORTQXG DQVJ VJGKT QRGTCVKQPCN GH EKGPE[ CPF TGCN VKOG FGEKUKQP OCMKPI 9G WPFGTUVCPF VJG EQORNGZKV[ QH 'FIG %QORWVG TGSWKTGOGPVU CPF YG RTQXKFG QWT EWUVQOGTU YKVJ EQORNGVG UQNWVKQPU KPENWFKPI JCTFYCTG UQHVYCTG FGXKEG OCPCIGOGPV CPF FGUKIP UGTXKEGU Because our offerings are integral, differentiated, and help our customers solve problems, we re able to achieve a relatively JKIJGT XCNWG HQT VJGUG UQNWVKQPU KP VJG OCTMGVRNCEG 9G TGOCKP HQEWUGF QP VJTGG MG[ XGTVKECN OCTMGVU 5OCTV %KVKGU #WVQOQVKXG CPF 'PVGTRTKUG VJCV JCXG FQWDNG FKIKVCN ITQYVJ TCVGU HCXQTCDNG UGEWNCT VTGPFU CPF C EQODKPGF 5GTXKEGCDNG #FFTGUUCDNG /CTMGV QH CRRTQZKOCVGN[ DKNNKQP TGRTGUGPVKPI C VTGOGPFQWU QRRQTVWPKV[ HQT .CPVTQPKZ Looking Forward +V KU VTWN[ C ITGCV VKOG VQ DG CV .CPVTQPKZ YG JCXG HQEWU CP GPGTIK\GF VGCO CPF UVTQPI PCPEKCN RQUKVKQP #U YG OQXG KPVQ UECN CPF DG[QPF VJG EQORCP[ JCU C UQNKF HQWPFCVKQP VQ KORTQXG UJCTGJQNFGT XCNWG #U CNYC[U VJGTG YKNN DG EJCNNGPIGU DWV + O EQP FGPV KP QWT CDKNKV[ VQ PCXKICVG VJGO 9KVJ VJCV KP OKPF + YCPV VQ GZRTGUU O[ UKPEGTG CRRTGEKCVKQP VQ QWT GZVTGOGN[ VCNGPVGF and dedicated employees across the world as our success this year would not have been possible if not for their tireless devotion to the business. I also want to thank our customers, partners, suppliers, and shareholders for their continued support. Sincerely, Saleel Awsare
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 • shareholder letter icon 9/30/2024 Letter Continued (Full PDF)
 • stockholder letter icon 10/2/2023 LTRX Stockholder Letter
 • stockholder letter icon More "Computer Peripherals" Category Stockholder Letters
 • Benford's Law Stocks icon LTRX Benford's Law Stock Score = 93


LTRX Shareholder/Stockholder Letter Transcript:

Annual
Report
2024

Our Target Markets:
Lantronix, Inc.
is a global leader in compute and connectivity
IoT solutions that target high-growth
industries, including Smart Cities, Automotive,
and Enterprise.
Our Mission
Smart City
is to empower companies to achieve success
in the growing IoT markets by delivering
customizable solutions that address each
layer of the IoT Stack and provide proven
scalable solutions that drive operational
GH  EKGPE[ 
Our Solutions
Automotive
Enterprise
consist of leading-edge solutions including
Intelligent Substations infrastructure,
Infotainment systems, and Video Surveillance,
supplemented with advanced Out-of-Band
Management (OOB) for Cloud and Edge
Computing.

September 17, 2024
Dear Fellow Shareholders,
6JKU KU O[   TUV NGVVGT VQ UJCTGJQNFGTU UKPEG LQKPKPI .CPVTQPKZ KP NCVG 0QXGODGT       CPF + CO RNGCUGF VQ TGRQTV QP VJG EQPVKPWCN 
RTQITGUU VJCV YG JCXG OCFG KP FGNKXGTKPI   PCPEKCN TGUWNVU  KORTQXKPI DWUKPGUU UVTCVGI[  CPF UKORNKH[KPI QWT DWUKPGUU 
Financial Accomplishment
+P   UECN       YG GZRGTKGPEGF UKIPK  ECPV ITQYVJ   9G TGRQTVGF TGEQTF TGXGPWG QH        OKNNKQP TGRTGUGPVKPI     ITQYVJ HTQO 
VJG RTKQT [GCT  +P CFFKVKQP  KP   UECN       YG CNUQ KORTQXGF QWT DCNCPEG UJGGV CPF NKSWKFKV[ HTQO VJG RTKQT [GCT  9G GPFGF VJG 
[GCT YKVJ ECUJ QH       OKNNKQP WR     HTQO VJG RTKQT [GCT D[ IGPGTCVKPI       OKNNKQP KP ECUJHNQY HTQO QRGTCVKQPU    9G TGFWEGF 
KPXGPVQTKGU HTQO       OKNNKQP KP VJG RTKQT [GCT VQ       OKNNKQP  C TGFWEVKQP QH        (WTVJGTOQTG  YG KPETGCUGF QWT YQTMKPI 
ECRKVCN VQ     OKNNKQP  CP KPETGCUG QH     HTQO VJG RTKQT [GCT  9KVJ VJGUG   PCPEKCN KORTQXGOGPVU  YG TGOCKP YGNN RQUKVKQPGF VQ 
drive our organic and inorganic growth strategy.
Strategic Focus
#V .CPVTQPKZ  YG GPCDNG 'FIG +PVGNNKIGPEG YKVJ QWT %QORWVG CPF %QPPGEV UQNWVKQPU  CNNQYKPI QWT EWUVQOGTU VQ KORTQXG DQVJ 
VJGKT QRGTCVKQPCN GH  EKGPE[ CPF TGCN VKOG FGEKUKQP OCMKPI     9G WPFGTUVCPF VJG EQORNGZKV[ QH 'FIG %QORWVG TGSWKTGOGPVU CPF 
YG RTQXKFG QWT EWUVQOGTU YKVJ EQORNGVG UQNWVKQPU KPENWFKPI JCTFYCTG  UQHVYCTG  FGXKEG OCPCIGOGPV  CPF FGUKIP UGTXKEGU    
Because our offerings are integral, differentiated, and help our customers solve problems, we   re able to achieve a relatively
JKIJGT XCNWG HQT VJGUG UQNWVKQPU KP VJG OCTMGVRNCEG     
9G TGOCKP HQEWUGF QP VJTGG MG[ XGTVKECN OCTMGVU    5OCTV %KVKGU  #WVQOQVKXG  CPF 'PVGTRTKUG    VJCV JCXG FQWDNG FKIKVCN ITQYVJ 
TCVGU  HCXQTCDNG UGEWNCT VTGPFU  CPF C EQODKPGF 5GTXKEGCDNG #FFTGUUCDNG /CTMGV QH CRRTQZKOCVGN[      DKNNKQP TGRTGUGPVKPI C 
VTGOGPFQWU QRRQTVWPKV[ HQT .CPVTQPKZ     
Looking Forward
+V KU VTWN[ C ITGCV VKOG VQ DG CV .CPVTQPKZ  YG JCXG HQEWU  CP GPGTIK\GF VGCO CPF UVTQPI   PCPEKCN RQUKVKQP   #U YG OQXG KPVQ   UECN 
     CPF DG[QPF  VJG EQORCP[ JCU C UQNKF HQWPFCVKQP VQ KORTQXG UJCTGJQNFGT XCNWG   #U CNYC[U  VJGTG YKNN DG EJCNNGPIGU DWV +  O 
EQP  FGPV KP QWT CDKNKV[ VQ PCXKICVG VJGO   9KVJ VJCV KP OKPF  + YCPV VQ GZRTGUU O[ UKPEGTG CRRTGEKCVKQP VQ QWT GZVTGOGN[ VCNGPVGF 
and dedicated employees across the world as our success this year would not have been possible if not for their tireless
devotion to the business. I also want to thank our customers, partners, suppliers, and shareholders for their continued support.
Sincerely,
Saleel Awsare

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Page
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shareholder letter icon 9/30/2024 Letter Continued (Full PDF)
 

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