LTRX · Lantronix Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $160.33M | $160.33M | $131.19M | $129.66M | $71.48M | $59.88M |
| Cost of Revenue | $220.0K | $95.97M | $74.92M | $74.07M | $38.45M | $32.98M |
| Gross Profit | $51.70M | $64.35M | $56.26M | $55.59M | $33.02M | $26.90M |
| R&D | $18.60M | $20.28M | $19.63M | $17.69M | $11.11M | $9.69M |
| SG&A | $36.25M | $40.21M | $36.95M | $34.53M | $20.81M | $19.58M |
| Total Operating Expenses | $62.70M | $67.22M | $62.94M | $60.60M | $36.36M | $37.44M |
| D&A | $2.16M | $2.16M | $1.03M | $817.0K | $817.0K | $768.0K |
| Operating Income | ($11.00M) | ($2.86M) | ($6.67M) | ($5.01M) | ($3.34M) | ($10.54M) |
| Interest Expense | - | - | - | - | $278.0K | $239.0K |
| Income Tax | ($239.0K) | $745.0K | $748.0K | $1.83M | $195.0K | $144.0K |
| Net Income | ($11.37M) | ($4.52M) | ($8.98M) | ($5.36M) | ($4.04M) | ($10.74M) |
| EPS - Basic | ($0.29) | ($0.12) | ($0.25) | ($0.14) | - | - |
| EPS - Diluted | ($0.29) | ($0.12) | ($0.25) | ($0.16) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.10M | $26.24M | $13.45M | $17.22M | $9.74M | $7.69M |
| Accounts Receivable | $25.09M | $31.28M | $27.68M | $26.26M | $13.52M | $11.41M |
| Inventory | $26.37M | $27.70M | $49.74M | $37.68M | $15.06M | $13.78M |
| Accounts Payable | $13.26M | $10.35M | $12.40M | $20.64M | $9.12M | $5.33M |
| Current Assets | $77.39M | $88.95M | $96.55M | $90.03M | $43.15M | $34.51M |
| Total Assets | $123.72M | $136.21M | $151.62M | $137.37M | $72.57M | $67.93M |
| Current Liabilities | $30.42M | $30.16M | $46.39M | $35.52M | $22.86M | $15.77M |
| Long-term Debt | $8.68M | $13.22M | $16.22M | $14.27M | $2.21M | $3.68M |
| Total Liabilities | $49.34M | $54.85M | $74.07M | $57.48M | $26.47M | $21.41M |
| Stockholders' Equity | $74.38M | $81.36M | $77.56M | $79.90M | $46.10M | $46.52M |
| Retained Earnings | ($234.39M) | ($223.02M) | ($218.50M) | ($209.53M) | ($204.16M) | ($200.12M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.29M | $18.62M | $237.0K | ($9.42M) | $4.30M | ($2.52M) |
| Investing Cash Flow | ($6.96M) | ($1.48M) | ($7.32M) | ($25.75M) | ($783.0K) | ($13.97M) |
| Financing Cash Flow | ($6.46M) | ($4.36M) | $3.32M | $42.65M | ($1.47M) | $5.90M |
| CapEx | $505.0K | $1.48M | $2.67M | $2.12M | $783.0K | $572.0K |
| Free Cash Flow | $6.78M | $17.14M | ($2.44M) | ($11.53M) | $3.52M | ($3.09M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 32.2% | 40.1% | 42.9% | 42.9% | 46.2% | 44.9% |
| Operating margin | -6.9% | -1.8% | -5.1% | -3.9% | -4.7% | -17.6% |
| EBITDA margin | -5.5% | -0.4% | -4.3% | -3.2% | -3.5% | -16.3% |
| Net margin | -7.1% | -2.8% | -6.8% | -4.1% | -5.7% | -17.9% |
| Free cash flow margin | 4.2% | 10.7% | -1.9% | -8.9% | 4.9% | -5.2% |
| FCF / Net income | -0.60 | -3.80 | 0.27 | 2.15 | -0.87 | 0.29 |
| R&D / Revenue | 11.6% | 12.7% | 15.0% | 13.6% | 15.5% | 16.2% |
| SG&A / Revenue | 22.6% | 25.1% | 28.2% | 26.6% | 29.1% | 32.7% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -9.2% | -3.3% | -5.9% | -3.9% | -5.6% | -15.8% |
| Return on equity | -15.3% | -5.6% | -11.6% | -6.7% | -8.8% | -23.1% |
| Return on invested capital | -10.5% | -2.4% | -5.6% | -4.2% | -5.5% | -16.6% |
| Liquidity | ||||||
| Current ratio | 2.54 | 2.95 | 2.08 | 2.53 | 1.89 | 2.19 |
| Quick ratio | 1.68 | 2.03 | 1.01 | 1.47 | 1.23 | 1.31 |
| Cash ratio | 0.66 | 0.87 | 0.29 | 0.48 | 0.43 | 0.49 |
| Leverage | ||||||
| Debt / Equity | 0.12 | 0.16 | 0.21 | 0.18 | 0.05 | 0.08 |
| Debt / Assets | 0.07 | 0.10 | 0.11 | 0.10 | 0.03 | 0.05 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -12.0x | -44.1x |
| Equity multiplier | 1.66 | 1.67 | 1.96 | 1.72 | 1.57 | 1.46 |
| Liabilities / Assets | 0.40 | 0.40 | 0.49 | 0.42 | 0.36 | 0.32 |
| Efficiency | ||||||
| Asset turnover | 1.30 | 1.18 | 0.87 | 0.94 | 0.98 | 0.88 |
| Inventory turnover | 0.01 | 3.46 | 1.51 | 1.97 | 2.55 | 2.39 |
| Days sales outstanding | 57d | 71d | 77d | 74d | 69d | 70d |
| Days inventory outstanding | 43752d | 105d | 242d | 186d | 143d | 153d |
| Days payable outstanding | 21998d | 39d | 60d | 102d | 87d | 59d |
| Cash conversion cycle | 21811d | 137d | 259d | 158d | 125d | 163d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 1.5x | 1.6x | 2.0x | 1.9x | - | - |
| P / S | 0.7x | 0.8x | 1.2x | 1.2x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 0.0% | 22.2% | 1.2% | 81.4% | 19.4% | 27.7% |
| Revenue CAGR (3y) | 7.3% | 30.9% | 29.9% | 40.4% | 16.9% | 10.2% |
| Revenue CAGR (5y) | 21.8% | 27.9% | 24.0% | 23.7% | 12.0% | 6.9% |
| Gross profit growth (YoY) | -19.7% | 14.4% | 1.2% | 68.3% | 22.8% | 2.4% |
| Operating income growth (YoY) | -284.4% | 57.1% | -33.2% | -50.2% | 68.3% | -2059.4% |
| Net income growth (YoY) | -151.8% | 49.7% | -67.5% | -32.6% | 62.3% | -2531.9% |
| EPS growth (YoY) | -141.7% | 52.0% | -56.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -60.5% | - | 78.9% | - | - | -17.2% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -8.6% | 4.9% | -2.9% | 73.3% | -0.9% | 24.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$122.92M totalIo TSystem Solutions$68.73M · 55.9%
Embedded Io TSolutions$46.38M · 37.7%
Software And Services$7.81M · 6.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.32
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Computer Communications Equipment
Comparing LANTRONIX INC against the 5 most active filers in the same SIC group.