Lantronix Inc. shares surged 15.3% in pre-market trading after the company reported fiscal fourth-quarter revenue of $31.2 million, an 8% increase from the prior year and ahead of Wall Street expectations.
Non-GAAP earnings per share reached $0.04, matching analyst forecasts and rising from a loss of $0.01 in the same period a year earlier. The company’s GAAP net loss narrowed to $269,000 from $2.6 million in the prior-year quarter, while gross margin expanded to 43.7% from 40%.
CEO Saleel Awsare highlighted that Lantronix closed the year with its fifth consecutive quarter of sequential revenue growth. The unmanned systems segment generated $12.6 million in fiscal 2026, exceeding the midpoint of prior guidance.
For fiscal 2027, management projected double-digit revenue growth. First-quarter earnings guidance was set between $0.04 and $0.06 per share, surpassing the $0.04 consensus estimate. The company also maintained a debt-free balance sheet and was recently added to the Russell 3000 Index.
Analysts have taken notice: Canaccord raised its price target to $11, while Jones Trading initiated coverage with a Buy rating. At the time of the report, the NASDAQ was up 1.2% and the S&P 500 gained 0.5%.
