NASDAQ$LTRX

Lantronix Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported record revenue, driven by significant year-over-year and sequential growth.

Lantronix reported a strong Q3 2020 with net revenue reaching $16.5 million, a 34% increase year-over-year and 25% sequentially. GAAP EPS was ($0.19), while non-GAAP EPS was $0.02.

  • Net revenue totaled $16.5 million, up 34% year over year and 25% sequentially.
  • GAAP EPS was ($0.19), compared to $0.04 in the year-ago quarter.
  • Non-GAAP EPS was $0.02, compared to $0.05 in the year-ago third quarter.
  • Lantronix expects net revenue and non-GAAP EPS growth on a sequential basis for the fourth quarter of fiscal 2020.

Headline financials

Total Revenue

$16.5M

Previous: $12.3M+33.8%
EPS (adj)

$0.02

Previous: $0.05-60.0%
Capital Expenditures

-$471K

Previous: -$383K-23.0%
Free Cash Flow

-$5.69M

Previous: $474K-1299.8%
Net Income

-$5.22M

Previous: $857K-708.6%
Operating Income

-$5.22M

Previous: $838K-722.8%
Gross Profit

$7.38M

Previous: $7.09M+4.0%
Cash & Equivalents

$6.98M

Previous: $18.2M-61.7%
Total Assets

$70.7M

Previous: $48.6M+45.5%
Stock-Based Comp

$1.13M

Previous: $331K+242.3%

Revenue & EPS history

Lantronix · Revenue · Quarterly

$16.5M

Q3 2020+33.8%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Lantronix expects net revenue and non-GAAP EPS growth on a sequential basis for the fourth quarter of fiscal 2020.

Tailwinds

  • Expect to deliver sequential revenue growth in the fourth quarter of fiscal 2020.
  • Expect to deliver sequential non-GAAP earnings growth in the fourth quarter of fiscal 2020.
  • Bolstered by quarter-to-date order strength in IoT products.
  • Bolstered by backlog in IoT products.
  • Covid-19 has focused the world including our customer base on the importance of connectivity.

Headwinds

  • Due to the uncertainties caused by the COVID-19 pandemic that may impact our supply chain, Lantronix is suspending more specific guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-0.6%

Avg return

Earnings day

+2.4%

Avg return

5 days after

-0.5%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+30.3%

Q2 2017

Best reaction

-32.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+5.7%+5.2%+12.4%
Q2 2026-6.6%-0.2%-9.3%
Q1 2026-0.8%+2.2%+9.3%
Q3 2025-7.1%+3.5%+1.3%
Q2 2025-24.1%-28.2%-32.9%
Q1 2025-26.2%-33.5%-14.9%
Q4 2024+7.2%+13.9%+12.8%
Q3 2024+15.0%+11.3%+15.3%
Q2 2024-32.8%-33.4%-34.6%
Q1 2024+14.1%+14.1%+38.7%
Q4 2023+29.9%+32.4%+6.1%
Q3 2023+9.0%+25.3%+13.7%
Q2 2023+12.1%+5.2%-8.7%
Q1 2023+29.1%+27.9%+11.7%
Q4 2022-11.5%-14.2%-36.3%
Q3 2022+4.8%+3.0%+10.9%
Q2 2022-15.0%-12.5%-16.1%
Q1 2022-16.3%-11.2%-28.9%
Q4 2021+9.1%+24.2%+17.0%
Q3 2021+14.2%+24.5%+16.3%
Q2 2021-6.7%+0.6%-8.4%
Q1 2021-7.0%-8.0%+1.0%
Q4 2020-6.7%-7.1%+7.3%
Q3 2020+19.2%+21.4%+26.1%
Q2 2020-10.2%-14.9%-48.6%
Q1 2020+4.2%+10.4%+5.5%
Q4 2019-6.5%-10.1%-1.1%
Q3 2019-0.3%-4.2%-4.7%
Q2 2019-5.0%-10.6%-7.8%
Q1 2019-11.3%-4.6%-22.9%
Q4 2018+22.9%+52.8%+0.5%
Q3 2018+9.1%+2.2%+33.9%
Q2 2018-0.8%-13.0%-6.9%
Q1 2018-7.9%-14.5%-1.9%
Q4 2017+20.2%+11.3%+3.0%
Q3 2017-6.0%-6.0%-15.4%
Q2 2017+30.3%+42.4%+52.1%
Q1 2017+4.7%+0.7%-2.7%
Q4 2016-5.0%-13.8%-12.5%
Q3 2016-0.9%
Q2 2016+2.2%
Q1 2016-3.2%
Q4 2015-3.8%
Q3 2015-4.8%
Q2 2015-17.4%
Q1 2015+4.9%
Q4 2014+1.1%
Q3 2014-11.3%
Q2 2014-15.2%
Q1 2014+2.9%
Q4 2013-6.3%
Q3 2013-19.1%
Q2 2013-0.5%
Q1 2013+6.2%
Q4 2012-10.3%
Q3 2012-3.4%
Q2 2012-3.7%
Q1 2012-8.7%
Q4 2011+15.0%
Q3 2011-0.0%
Q2 2010+2.5%
Q1 2010-6.2%
Q4 2010-4.7%
Q3 2010+1.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro