Balance Sheet Lantronix, Inc.

Equities

LTRX

US5165482036

Communications & Networking

Market Closed - Nasdaq Other stock markets 04:00:00 2026-04-20 pm EDT			5-day change	1st Jan Change
6.340 ^USD	+2.42%		+5.84%	+8.19%

Mar. 19	Lantronix and Unusual Machines partner to deliver NDAA-compliant AI-autonomous drone components for U.S. defense programs	RE
Mar. 19	Lantronix Working With Unusual Machines For Autonomous Drone Components	MT

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Published financial data: LANTRONIX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	71.48M	130M	131M	160M	123M
Total Revenues	71.48M	130M	131M	160M	123M
Cost of Goods Sold, Total	38.44M	73.69M	74.7M	95.97M	71.14M
Gross Profit	33.03M	55.97M	56.49M	64.35M	51.79M
Selling General & Admin Expenses, Total	22.14M	36.88M	39.61M	42.73M	38.84M
R&D Expenses	9.78M	15.34M	16.96M	17.76M	16M
Amortization of Goodwill and Intangible Assets - (IS)	3.09M	5.59M	5.8M	5.31M	3.95M
Other Operating Expenses, Total	35.02M	57.81M	62.38M	65.8M	58.79M
Operating Income	-1.98M	-1.84M	-5.89M	-1.45M	-7.01M
Interest Expense, Total	-315K	-1.47M	-1.48M	-916K	-511K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-315K	-1.47M	-1.48M	-916K	-511K
Currency Exchange Gains (Loss)	-	57K	-58K	7K	-100K
EBT, Excl. Unusual Items	-2.3M	-3.26M	-7.43M	-2.36M	-7.62M
Restructuring Charges	-506K	-795K	-693K	-1.42M	-3.54M
Merger & Related Restructuring Charges	-848K	-1.27M	-540K	-	-459K
Gain (Loss) On Sale Of Assets	-197K	-4K	-15K	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-1.87M	447K	9K	-
EBT, Incl. Unusual Items	-3.85M	-7.19M	-8.23M	-3.77M	-11.61M
Income Tax Expense	195K	-1.83M	748K	745K	-239K
Earnings From Continuing Operations	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Income to Company	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Income - (IS)	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Income to Common Incl Extra Items	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Net Income to Common Excl. Extra Items	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Per Share Items
Net EPS - Basic	-0.14	-0.16	-0.25	-0.12	-0.29
Basic EPS - Continuing Operations	-0.14	-0.16	-0.25	-0.12	-0.29
Basic Weighted Average Shares Outstanding	28.71M	32.67M	36.26M	37.39M	38.61M
Net EPS - Diluted	-0.14	-0.16	-0.25	-0.12	-0.29
Diluted EPS - Continuing Operations	-0.14	-0.16	-0.25	-0.12	-0.29
Diluted Weighted Average Shares Outstanding	28.71M	32.67M	36.26M	37.39M	38.61M
Normalized Basic EPS	-0.05	-0.06	-0.13	-0.04	-0.12
Normalized Diluted EPS	-0.05	-0.06	-0.13	-0.04	-0.12
Supplemental Items
EBITDA	1.93M	4.78M	1.65M	6.03M	-972K
EBITA	1.11M	3.75M	-84K	3.87M	-3.06M
EBIT	-1.98M	-1.84M	-5.89M	-1.45M	-7.01M
EBITDAR	5.07M	9.44M	6.9M	11.02M	3.99M
Effective Tax Rate - (Ratio)	-5.07	25.47	-9.09	-19.76	2.06
Current Domestic Taxes	13K	11K	294K	380K	28K
Current Foreign Taxes	182K	254K	308K	332K	-260K
Total Current Taxes	195K	265K	602K	712K	-232K
Deferred Domestic Taxes	-	-2.1M	146K	33K	-7K
Total Deferred Taxes	-	-2.1M	146K	33K	-7K
Normalized Net Income	-1.44M	-2.03M	-4.64M	-1.47M	-4.76M
Interest on Long-Term Debt	278K	1.49M	1.61M	1.74M	25K
Supplemental Operating Expense Items
Advertising Expense	231K	253K	262K	237K	-
Marketing Expenses	481K	1.64M	1.87M	2.11M	2.24M
Selling and Marketing Expenses	712K	1.89M	2.14M	2.35M	2.24M
Research And Development Expense From Footnotes	11.11M	17.69M	19.62M	20.28M	18.6M
Net Rental Expense, Total	3.14M	4.66M	5.25M	4.99M	4.97M
Imputed Operating Lease Interest Expense	1.11M	3.63M	2.25M	1.26M	851K
Imputed Operating Lease Depreciation	2.03M	1.03M	3M	3.72M	4.11M
Stock-Based Comp., COGS (Total)	281K	369K	158K	237K	186K
Stock-Based Comp., R&D Exp. (Total)	584K	1.02M	1.5M	1.85M	1.52M
Stock-Based Comp., SG&A Exp. (Total)	2.72M	4.86M	4.55M	6.25M	4.42M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.58M	6.25M	6.21M	8.34M	6.13M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	9.74M	17.22M	13.45M	26.24M	20.1M
Total Cash And Short Term Investments	9.74M	17.22M	13.45M	26.24M	20.1M
Accounts Receivable, Total	13.52M	26.26M	27.68M	31.28M	25.09M
Other Receivables	1.96M	3.45M	3.02M	1.4M	3.07M
Total Receivables	15.48M	29.72M	30.7M	32.68M	28.16M
Inventory	15.06M	37.68M	49.74M	27.7M	26.37M
Prepaid Expenses	2.88M	5.42M	2.66M	2.14M	2.36M
Other Current Assets, Total	-	-	-	194K	404K
Total Current Assets	43.15M	90.03M	96.55M	88.95M	77.39M
Gross Property Plant And Equipment	12.25M	20.93M	27.36M	20.9M	19.95M
Accumulated Depreciation	-8.24M	-9.24M	-11.15M	-7.31M	-9.07M
Net Property Plant And Equipment	4.01M	11.69M	16.21M	13.58M	10.88M
Goodwill	15.81M	20.77M	27.82M	27.82M	31.09M
Other Intangibles, Total	9.36M	14.56M	10.56M	5.25M	3.74M
Deferred Charges Long-Term	-	-	-	190K	134K
Other Long-Term Assets, Total	240K	325K	472K	410K	490K
Total Assets	72.57M	137M	152M	136M	124M
Liabilities
Accounts Payable, Total	9.3M	20.78M	12.67M	10.47M	13.46M
Accrued Expenses, Total	7M	7.34M	6.68M	8.05M	5.35M
Current Portion of Long-Term Debt	1.47M	1.67M	2.74M	3M	3.07M
Current Portion of Leases	1.17M	978K	1.86M	1.77M	1.59M
Current Income Taxes Payable	388K	371K	647K	772K	103K
Unearned Revenue Current, Total	850K	969K	2.49M	3.02M	3.3M
Other Current Liabilities	2.68M	3.42M	19.3M	3.07M	3.54M
Total Current Liabilities	22.86M	35.52M	46.39M	30.16M	30.42M
Long-Term Debt	2.21M	14.27M	16.22M	13.22M	8.68M
Long-Term Leases	1.16M	7.31M	10.42M	8.56M	7.81M
Unearned Revenue Non Current	241K	373K	888K	2.74M	2.26M
Deferred Tax Liability Non Current	-	-	146K	179K	172K
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	26.47M	57.48M	74.07M	54.85M	49.34M
Common Stock, Total	3K	4K	4K	4K	4K
Additional Paid In Capital	250M	289M	296M	304M	308M
Retained Earnings	-204M	-210M	-219M	-223M	-234M
Comprehensive Income and Other	371K	371K	371K	371K	371K
Total Common Equity	46.1M	79.9M	77.56M	81.36M	74.38M
Total Equity	46.1M	79.9M	77.56M	81.36M	74.38M
Total Liabilities And Equity	72.57M	137M	152M	136M	124M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.13M	35.14M	36.91M	37.9M	39.15M
ECS Total Common Shares Outstanding	29.09M	35.13M	36.88M	37.87M	39.1M
Book Value / Share	1.58	2.27	2.1	2.15	1.9
Tangible Book Value	20.93M	44.57M	39.17M	48.28M	39.55M
Tangible Book Value Per Share	0.72	1.27	1.06	1.27	1.01
Total Debt	6.01M	24.23M	31.25M	26.55M	21.16M
Net Debt	-3.73M	7.01M	17.8M	314K	1.06M
Debt Equivalent Oper. Leases	25.12M	37.31M	41.98M	39.9M	39.73M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	7.32M	21.58M	24.07M	13.53M	10.77M
Inventories - Finished Goods, Total	7.74M	16.09M	25.67M	14.17M	15.6M
Machinery, Total	9.68M	11.28M	15.73M	11.31M	11.53M
Full Time Employees	299	335	357	367	351
Part Time Employees	13	13	13	6	1
Accumulated Allowance for Doubtful Accounts (Supple)	321K	340K	522K	247K	139K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-4.04M	-5.36M	-8.98M	-4.52M	-11.37M
Depreciation & Amortization - CF	817K	1.03M	1.74M	2.16M	2.08M
Amortization of Goodwill and Intangible Assets - (CF)	3.09M	5.59M	5.8M	5.31M	3.95M
Depreciation & Amortization, Total	3.91M	6.62M	7.54M	7.48M	6.04M
Amortization of Deferred Charges, Total - (CF)	28K	261K	104K	110K	45K
(Gain) Loss From Sale Of Asset	193K	4K	15K	3K	6K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	3.58M	6.25M	6.21M	8.34M	6.13M
Other Operating Activities, Total	7K	2.25M	-222K	813K	88K
Change In Accounts Receivable	-2.1M	-7.47M	480K	-3.6M	6.19M
Change In Inventories	-1.28M	-15.27M	-8.69M	21.22M	2.04M
Change In Accounts Payable	3.57M	8.78M	-8.58M	-2.13M	2.89M
Change in Other Net Operating Assets	440K	-5.48M	12.36M	-9.09M	-4.76M
Cash from Operations	4.3M	-9.42M	237K	18.62M	7.28M
Capital Expenditure	-783K	-2.12M	-2.67M	-1.48M	-505K
Cash Acquisitions	-	-23.63M	-4.65M	-	-6.46M
Cash from Investing	-783K	-25.75M	-7.32M	-1.48M	-6.96M
Short Term Debt Issued, Total	-	2.5M	2M	-	-
Long-Term Debt Issued, Total	-	28.8M	4.91M	-	-
Total Debt Issued	-	31.3M	6.91M	-	-
Short Term Debt Repaid, Total	-	-2.5M	-2M	-	-
Long-Term Debt Repaid, Total	-1.51M	-18.57M	-2.02M	-3.08M	-4.72M
Total Debt Repaid	-1.51M	-21.07M	-4.02M	-3.08M	-4.72M
Issuance of Common Stock	913K	34.23M	1.25M	1M	357K
Repurchase of Common Stock	-877K	-1.81M	-821K	-1.03M	-2.09M
Other Financing Activities, Total	-	-	-	-1.26M	-
Cash from Financing	-1.47M	42.64M	3.32M	-4.36M	-6.46M
Net Change in Cash	2.05M	7.48M	-3.77M	12.78M	-6.14M
Supplemental Items
Cash Interest Paid	297K	1.49M	1.56M	1.92M	1.32M
Cash Income Tax Paid (Refund)	200K	215K	539K	631K	636K
Levered Free Cash Flow	5.9M	-17.81M	5.2M	16.95M	12.8M
Unlevered Free Cash Flow	6.07M	-17.15M	6.02M	17.42M	13.07M
Change In Net Working Capital	-599K	26.74M	1.37M	-3.99M	-5.79M
Net Debt Issued / Repaid	-1.51M	10.23M	2.88M	-3.08M	-4.72M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.76	-1.1	-2.55	-0.63	-3.37
Return on Total Capital	-2.32	-1.47	-3.46	-0.84	-4.31
Return On Equity %	-8.73	-8.51	-11.41	-5.68	-14.61
Return on Common Equity	-8.73	-8.51	-11.41	-5.68	-14.61
Margin Analysis
Gross Profit Margin %	46.21	43.17	43.06	40.14	42.13
SG&A Margin	30.98	28.44	30.19	26.65	31.6
EBITDA Margin %	2.7	3.69	1.26	3.76	-0.79
EBITA Margin %	1.55	2.89	-0.06	2.41	-2.49
EBIT Margin %	-2.77	-1.42	-4.49	-0.9	-5.7
Income From Continuing Operations Margin %	-5.66	-4.14	-6.84	-2.82	-9.25
Net Income Margin %	-5.66	-4.14	-6.84	-2.82	-9.25
Net Avail. For Common Margin %	-5.66	-4.14	-6.84	-2.82	-9.25
Normalized Net Income Margin	-2.01	-1.57	-3.54	-0.92	-3.87
Levered Free Cash Flow Margin	8.26	-13.73	3.96	10.57	10.41
Unlevered Free Cash Flow Margin	8.49	-13.23	4.59	10.86	10.63
Asset Turnover
Asset Turnover	1.02	1.24	0.91	1.11	0.95
Fixed Assets Turnover	15.99	16.52	9.4	10.76	10.05
Receivables Turnover (Average Receivables)	5.74	6.52	4.86	5.44	4.36
Inventory Turnover (Average Inventory)	2.67	2.79	1.71	2.48	2.63
Short Term Liquidity
Current Ratio	1.89	2.53	2.08	2.95	2.54
Quick Ratio	1.1	1.32	0.95	1.95	1.59
Operating Cash Flow to Current Liabilities	0.19	-0.27	0.01	0.62	0.24
Days Sales Outstanding (Average Receivables)	63.64	55.99	75.04	67.3	83.69
Days Outstanding Inventory (Average Inventory)	136.9	130.61	213.56	147.65	138.71
Average Days Payable Outstanding	68.46	56.99	70.35	57.28	62.58
Cash Conversion Cycle (Average Days)	132.09	129.61	218.25	157.67	159.83
Long Term Solvency
Total Debt/Equity	13.04	30.33	40.29	32.64	28.45
Total Debt / Total Capital	11.54	23.27	28.72	24.61	22.15
LT Debt/Equity	7.3	27.02	34.36	26.77	22.18
Long-Term Debt / Total Capital	6.46	20.73	24.49	20.19	17.27
Total Liabilities / Total Assets	36.48	41.84	48.85	40.27	39.88
EBIT / Interest Expense	-6.3	-1.25	-3.96	-1.58	-13.71
EBITDA / Interest Expense	16.09	6.41	4.65	12.03	7.82
(EBITDA - Capex) / Interest Expense	13.6	4.98	2.85	10.41	6.83
Total Debt / EBITDA	1.19	2.57	4.53	2.41	5.3
Net Debt / EBITDA	-0.74	0.74	2.58	0.03	0.27
Total Debt / (EBITDA - Capex)	1.4	3.31	7.4	2.78	6.06
Net Debt / (EBITDA - Capex)	-0.87	0.96	4.21	0.03	0.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.37	81.39	1.18	22.21	-23.33
Gross Profit, 1 Yr. Growth %	21.64	69.43	0.93	13.92	-20.54
EBITDA, 1 Yr. Growth %	-204.39	147.82	-65.45	265.17	-114.19
EBITA, 1 Yr. Growth %	-142.49	237.53	-102.24	-4.7K	-165.19
EBIT, 1 Yr. Growth %	-52.27	-7.21	220	-75.41	1.02K
Earnings From Cont. Operations, 1 Yr. Growth %	-62.34	32.59	67.47	-49.71	151.84
Net Income, 1 Yr. Growth %	-62.34	32.59	67.47	-49.71	151.84
Normalized Net Income, 1 Yr. Growth %	-45.43	41.4	128.29	-68.35	396.29
Diluted EPS Before Extra, 1 Yr. Growth %	-66.84	16.51	50.91	-51.23	143.84
Accounts Receivable, 1 Yr. Growth %	18.44	94.32	5.41	12.99	-19.78
Inventory, 1 Yr. Growth %	9.27	150.21	32	-44.31	-4.79
Net Property, Plant and Equip., 1 Yr. Growth %	-18.73	191.64	38.69	-16.22	-19.91
Total Assets, 1 Yr. Growth %	6.82	89.31	10.37	-10.17	-9.17
Tangible Book Value, 1 Yr. Growth %	14.62	112.93	-12.12	23.27	-18.08
Common Equity, 1 Yr. Growth %	-0.91	73.33	-2.93	4.9	-8.58
Cash From Operations, 1 Yr. Growth %	-270.73	-318.77	-102.52	7.76K	-60.88
Capital Expenditures, 1 Yr. Growth %	36.89	170.5	26.2	-44.67	-65.86
Levered Free Cash Flow, 1 Yr. Growth %	-375.19	-401.67	-129.18	226.24	-26.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-391.92	-382.43	-135.11	189.27	-27.1
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	23.46	47.15	35.48	11.2	-3.2
Gross Profit, 2 Yr. CAGR %	12.13	43.56	30.77	7.23	-4.25
EBITDA, 2 Yr. CAGR %	3.29	60.84	-7.46	12.33	-23.27
EBITA, 2 Yr. CAGR %	-9.05	19.75	-72.5	1.53	503.17
EBIT, 2 Yr. CAGR %	21.51	-33.45	72.31	-11.29	9.09
Earnings From Cont. Operations, 2 Yr. CAGR %	214.83	-29.34	49.02	-8.23	12.54
Net Income, 2 Yr. CAGR %	214.83	-29.34	49.02	-8.23	12.54
Normalized Net Income, 2 Yr. CAGR %	21.22	-12.08	79.67	-14.9	1.15
Diluted EPS Before Extra, 2 Yr. CAGR %	172.96	-37.84	32.6	-14.21	9.05
Accounts Receivable, 2 Yr. CAGR %	35.25	51.71	43.12	9.13	-4.79
Inventory, 2 Yr. CAGR %	19.71	65.35	81.73	-14.26	-27.18
Net Property, Plant and Equip., 2 Yr. CAGR %	82.83	53.95	101.12	7.8	-18.09
Total Assets, 2 Yr. CAGR %	21.76	42.2	44.55	-0.43	-9.67
Tangible Book Value, 2 Yr. CAGR %	-13.2	56.23	36.79	4.08	0.49
Common Equity, 2 Yr. CAGR %	11.22	31.05	29.71	0.91	-2.07
Cash From Operations, 2 Yr. CAGR %	56.92	93.26	-76.53	40.63	454.42
Capital Expenditures, 2 Yr. CAGR %	-6.26	92.43	84.76	-16.44	-56.53
Levered Free Cash Flow, 2 Yr. CAGR %	66.64	188.13	-6.17	-2.42	56.92
Unlevered Free Cash Flow, 2 Yr. CAGR %	69.01	187.14	-0.42	0.78	47.34
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.18	40.36	29.88	30.9	-1.76
Gross Profit, 3 Yr. CAGR %	9.14	28.67	27.66	24.9	-2.55
EBITDA, 3 Yr. CAGR %	3.24	38.28	-3.67	46.23	-41.19
EBITA, 3 Yr. CAGR %	-5.34	40.82	-68.21	51.54	-6.59
EBIT, 3 Yr. CAGR %	14.82	11.07	12.32	-9.95	56.16
Earnings From Cont. Operations, 3 Yr. CAGR %	81.18	135.99	-5.79	3.75	28.48
Net Income, 3 Yr. CAGR %	81.18	135.99	-5.79	3.75	28.48
Normalized Net Income, 3 Yr. CAGR %	21.41	27.67	20.84	0.79	32.77
Diluted EPS Before Extra, 3 Yr. CAGR %	55.56	105.52	-16.46	-5	21.52
Accounts Receivable, 3 Yr. CAGR %	47.12	52.62	34.37	32.28	-1.51
Inventory, 3 Yr. CAGR %	21.29	53.05	53.39	22.52	-11.21
Net Property, Plant and Equip., 3 Yr. CAGR %	56.98	113.63	48.69	50.21	-2.37
Total Assets, 3 Yr. CAGR %	28.93	41.06	30.69	23.35	-3.43
Tangible Book Value, 3 Yr. CAGR %	13.47	17.07	28.96	32.13	-3.9
Common Equity, 3 Yr. CAGR %	24.63	28.94	18.57	20.85	-2.36
Cash From Operations, 3 Yr. CAGR %	103.73	75.3	-54.53	62.95	-8.2
Capital Expenditures, 3 Yr. CAGR %	50.65	33.46	67.19	23.61	-37.99
Levered Free Cash Flow, 3 Yr. CAGR %	122.28	103.1	34.31	42.15	-10.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	122.83	100.56	42.52	42.09	-8.65
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.98	23.72	23.54	27.87	15.47
Gross Profit, 5 Yr. CAGR %	11.26	18.87	17.33	19.62	13.78
EBITDA, 5 Yr. CAGR %	27.42	48.71	-1.18	27.25	-12.05
EBITA, 5 Yr. CAGR %	-3.58	126.43	-42.27	23.55	3.17
EBIT, 5 Yr. CAGR %	8.27	96.38	35.06	1.52	11.02
Earnings From Cont. Operations, 5 Yr. CAGR %	15.56	80.87	67.55	61.74	1.16
Net Income, 5 Yr. CAGR %	15.56	80.87	67.55	61.74	1.16
Normalized Net Income, 5 Yr. CAGR %	12	144.83	42.07	8.55	12.59
Diluted EPS Before Extra, 5 Yr. CAGR %	1.84	52.34	45.93	44.91	-7.06
Accounts Receivable, 5 Yr. CAGR %	33.7	50.23	45.51	33.46	17.07
Inventory, 5 Yr. CAGR %	17.99	40.19	42.59	21.39	13.86
Net Property, Plant and Equip., 5 Yr. CAGR %	20.63	57.19	73.34	62.49	17.14
Total Assets, 5 Yr. CAGR %	21.17	35.45	34.97	22.72	12.74
Tangible Book Value, 5 Yr. CAGR %	15.39	31.81	22.28	11.69	16.72
Common Equity, 5 Yr. CAGR %	18.51	31.03	26.64	16.9	9.84
Cash From Operations, 5 Yr. CAGR %	82.43	35.36	-14.18	60.51	23.64
Capital Expenditures, 5 Yr. CAGR %	6.56	55.1	63.47	10.67	-2.46
Levered Free Cash Flow, 5 Yr. CAGR %	52.96	53.66	57.42	51.48	42.93
Unlevered Free Cash Flow, 5 Yr. CAGR %	52.97	52.29	61.46	52.3	44.43