LTRX | Market Cap: $269.0M (08/27/26)
Industry:
Hardware

DESCRIPTION

Lantronix provides edge computing and IoT connectivity hardware and software for unmanned aerial systems, critical infrastructure monitoring, and enterprise network management. The company operates across three product lines: Embedded IoT Solutions, IoT System Solutions, and Software and Services. Its embedded offerings include compute System-on-Modules that serve as onboard processors for autonomous defense and commercial drones, handling real-time video, AI processing, and sensor integration. Its IoT system products consist of standalone routers, switches, gateways, and out-of-band management devices that enable remote access to IT and network infrastructure. Lantronix also offers cloud-based software platforms, such as Percepxion and Nero Global Tracking, for remote device management and GPS asset tracking, along with engineering design services. Operating a fabless business model, Lantronix designs hardware and outsources manufacturing, selling products through distributors, resellers, and direct sales to OEMs. The company's strategy centers on expanding its drone compute business, moving up the technology stack into integrated systems, and growing recurring software revenue.

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