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IRVINE, Calif., Feb 12, 2020 (GLOBE NEWSWIRE via COMTEX) — — Added Division Net Acquirement was $13.2 Million, Up 9% from the Above-mentioned Year and Up 4% Sequentially

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— GAAP EPS, Inclusive of Accession and Restructuring Costs was ($0.06) per allotment

— Non-GAAP EPS was $0.03 per allotment

— Closed the Accession of Intrinsyc Technologies Corporation on January 16, 2020

Lantronix, Inc. LTRX, 7.56%, a all-around provider of defended abstracts admission and administration solutions for the automated Internet of Things (IoT) today appear after-effects for the added division of budgetary 2020 that concluded December 31, 2019.

Net acquirement totaled $13.2 million, up 9% year over year and 4% sequentially.

GAAP EPS was ($0.06), compared to $0.01 in the year-ago division and ($0.11) in the above-mentioned division and included costs accompanying to the acquisitions of Maestro and Intrinsyc Technologies Corporation.

Non-GAAP EPS was $0.03, compared to $0.03 in the year-ago added division and $0.00 in the above-mentioned budgetary quarter.

Business Outlook

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For the third division of budgetary 2020, Lantronix expects net acquirement of $18 actor added or bare 10% and non-GAAP EPS amid $0.02 and $0.06.

For Budgetary 2020, Lantronix expects net acquirement advance amid 30% to 35% and non-GAAP EPS advance amid 0% to 10%.

“We are active on the transformation of Lantronix,” said Paul Pickle, admiral and CEO of Lantronix. “With the afresh appear cease of the Intrinsyc Technologies acquisition, we accept added broadcast our capabilities aural the IoT bulk stack, and we are bound acceptable a value-added IoT solutions supplier to our customers. We abide focused on acquirement advance and as we attending to the butt of the budgetary year, our absorption is axis to affiliation and the adeptness of efficiencies of calibration for the account of our shareholders.”

Conference Alarm and Webcast

Lantronix will host an broker appointment alarm and audio webcast today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to altercate its after-effects for the added division of budgetary 2020 that concluded December 31, 2019. To admission the alive appointment call, investors should punch 1-844-802-2442 (US) or 1-412-317-5135 (international) and announce that they are accommodating in the Lantronix Q2 FY 2020 call. The webcast will be attainable accompanying via the broker relations area of the Company’s website at

Investors can admission a epitomize of the appointment alarm starting at about 5:00 p.m. Pacific Time today at A telephonic epitomize will additionally be attainable through March 12, 2020, by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) and entering passcode 10139087.

About Lantronix

Lantronix, Inc. is a all-around provider of accouterments and software solutions for the Internet of Things (IoT) and Out-of-Band Administration (OOBM). Lantronix enables its barter to accommodate intelligent, reliable, and defended IoT and OOBM solutions while accelerating time to market. Lantronix’s solutions badly abridge the creation, development, deployment, and administration of IoT projects while accouterment quality, believability and aegis beyond hardware, software, and solutions.

With three decades of accurate acquaintance in creating able-bodied machine-to-machine (M2M) technologies and OOBM solutions, Lantronix is an innovator in enabling its barter to body new business models, advantage greater efficiencies and apprehend the possibilities of the Internet of Things. Lantronix’s solutions are deployed central millions of machines at abstracts centers, offices, and alien sites confined a advanced ambit of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental, and government.

Discussion of Non-GAAP Banking Measures

Lantronix believes that the presentation of non-GAAP banking information, back presented in affiliation with the agnate GAAP measures, provides important added advice to administration and investors apropos banking and business trends apropos to the company’s banking action and after-effects of operations. Administration uses the above non-GAAP measures to adviser and appraise advancing operating after-effects and trends to accession an compassionate of our allusive operating performance. The non-GAAP banking measures appear by the aggregation should not be advised a acting for, or above to, banking measures affected in accordance with GAAP, and the banking after-effects affected in accordance with GAAP and reconciliations of the non-GAAP banking measures to the banking measures affected in accordance with GAAP should be anxiously evaluated. The non-GAAP banking measures acclimated by the aggregation may be affected abnormally from, and accordingly may not be commensurable to, analogously blue-blooded measures acclimated by added companies. The aggregation has provided reconciliations of the non-GAAP banking measures to the best anon commensurable GAAP banking measures.

Non-GAAP net assets (loss) consists of net assets (loss) excluding (i) share-based advantage and the employer allocation of denial taxes on banal grants, (ii) abrasion and amortization, (iii) absorption assets (expense), (iv) added assets (expense), (v) assets tax accouterment (benefit), (vi) severance and restructuring charges, (vii) accession accompanying costs, (viii) crime of abiding assets, (viiii) acquittal of purchased intangibles, and (x) acquittal of accomplishment accumulation in acquired inventory.

Non-GAAP net assets (loss) per allotment is affected by adding non-GAAP net assets (loss) by non-GAAP weighted-average shares outstanding (diluted). For purposes of artful non-GAAP net assets (loss) per share, the adding of GAAP weighted-average shares outstanding (diluted) is adapted to exclude share-based compensation, which for GAAP purposes is advised as gain affected to be acclimated to repurchase shares beneath the GAAP treasury banal method.

Guidance on balance per allotment advance is provided alone on a non-GAAP base due to the inherent adversity of forecasting the timing or bulk of assertive items that accept been afar from the advanced non-GAAP measures, and a adaptation to the commensurable GAAP advice has not been provided because assertive factors that are materially cogent to Lantronix’s adeptness to appraisal the afar items are not attainable or admirable on a advanced base afterwards absurd effort.

Forward-Looking Statements

This account absolution contains advanced statements, including statements apropos our accession action and the accepted allowances therefrom, operational synergies, our artefact development efforts, and our projected operating and banking performance. These advanced statements are advised to authorize for the safe anchorage from accountability accustomed by the Private Securities Litigation Reform Act of 1995. We accept based our advanced statements on our accepted expectations and projections about trends affecting our business and industry and added approaching events. Although we do not accomplish advanced statements unless we accept we accept a reasonable base for accomplishing so, we cannot agreement their accuracy. Advanced statements are accountable to abundant risks and uncertainties that could account our after-effects or experiences, or approaching business, banking condition, after-effects of operations or performance, to alter materially from our absolute after-effects or those bidding or adumbrated in any advanced account independent in this account release. Factors which could accept a absolute adverse aftereffect on our operations and approaching affairs or which could account absolute after-effects to alter materially from our expectations include, but are not bound to: our adeptness to abide to accomplish acquirement from articles awash into complete markets; our adeptness to develop, market, and advertise new products; our adeptness to accomplish with our new software offerings; fluctuations in our acquirement due to the project-based timing of orders from assertive customers; capricious timing of our revenues due to the diffuse sales aeon for our articles and casework and abeyant delays in chump achievement of projects; our adeptness to accurately anticipation approaching appeal for our products; delays in condoning revisions of absolute products; constraints or delays in the accumulation of, or affection ascendancy issues with, assertive abstracts or components; difficulties associated with the delivery, affection or amount of our articles from our arrangement manufacturers or suppliers; risks accompanying to the outsourcing of accomplishment and all-embracing operations; the appulse of any accessible bloom epidemics (including the coronavirus outbreak) on our employees, accumulation and administration chains, and the all-around economy; difficulties associated with our distributors or resellers; acute antagonism in our industry and resultant bottomward amount pressure; rises in account levels and account obsolescence; undetected software or accouterments errors or defects in our products; cybersecurity risks; our adeptness to access adapted industry certifications or approvals from authoritative authoritative bodies; changes in applicative U.S. and adopted government laws, regulations, and tariffs; our adeptness to auspiciously apparatus our acquisitions action or accommodate acquired companies; ambiguity as to the approaching advantage of acquired businesses, and delays in the adeptness of, or the abortion to realize, any accession from accession transactions; acquiring, managing and amalgam new operations, businesses or assets, and the associated aberration of administration absorption or added accompanying costs or difficulties; our adeptness to assure patents and added proprietary rights and abstain contravention of others’ proprietary technology rights; the akin of our indebtedness, our adeptness to account our acknowledgment and the restrictions in our debt agreements; our adeptness to allure and absorb able management; and any added factors included in our Annual Address on Form 10-K for the budgetary year concluded June 30, 2019, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2019, including in the area advantaged “Risk Factors” in Item 1A of Part I of such report, as able-bodied as in our added accessible filings with the SEC. In addition, absolute after-effects may alter as a aftereffect of added risks and uncertainties of which we are currently blind or which we do not currently appearance as absolute to our business. For these reasons, investors are cautioned not to abode disproportionate assurance on any advanced statements. The advanced statements we accomplish allege alone as of the date on which they are made. We especially abandon any absorbed or obligation to amend any advanced statements afterwards the date hereof to accommodate such statements to absolute after-effects or to changes in our opinions or expectations, except as appropriate by applicative law or the rules of the NASDAQ Banal Market, LLC. If we do amend or actual any advanced statements, investors should not achieve that we will accomplish added updates or corrections.

Lantronix Broker Relations Contact:

Jeremy Whitaker

Chief Banking Officer

(C) 2020 Lantronix, Inc. All rights reserved. Lantronix and XPort are registered trademarks, and ConsoleFlow is a trademark, of Lantronix, Inc.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

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