LANTRONIX INC
LTRX · Computer Communications Equipment · 39.8M shares · +9%/yr ↑ dilution · EDGAR filings ↗
Reference price $6.21 · est. market cap ~$247M — last insider sale, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48IoT-connectivity maker with declining revenue and operating losses, cushioned by adequate liquidity.
Strengths
- Marginally FCF-positive — $6.8M (54th)
Risks
- Operating/net losses — operating margin -8.9%, net margin -9.3%
- Sharp revenue decline — -23.3% (7th)
- Negative returns — ROE -15.3%
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -9.3%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +9%/yr over 3y (dilution, book value/share -29%)
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, STATE STREET CORP +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: FMR LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
42.1%
Operating margin
-8.9%
Net margin
-9.3%
Return on equity
-15.3%
Return on assets
-9.2%
ROIC
-10.5%
Revenue growth (QoQ)
1.4%
Debt / equity
0.1×
Current ratio
2.5×
Free cash flow
$7M
EBITDA
-$9M
Tangible book value
$40M
Cash & investments
$20M
Stock comp / revenue
5.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Awsare Saleel | Tax withheld | 3.1K | $7.58 |
| 2026-06-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2026-06-01 | Stringham Brent Michael | Option exercise | 3.2K | — |
| 2026-06-01 | Stringham Brent Michael | Tax withheld | 1.5K | $7.58 |
| 2026-06-01 | Awsare Saleel | Grant | 5.8K | — |
| 2026-06-01 | Hoff Kurt W | Option exercise | 3.5K | — |
| 2026-06-01 | Gurusamy Mathi | Tax withheld | 4.1K | $7.58 |
| 2026-06-01 | Gurusamy Mathi | Option exercise | 8.0K | — |
| 2026-06-01 | Gurusamy Mathi | Option exercise | 3.3K | — |
| 2026-06-01 | Hoff Kurt W | Tax withheld | 4.0K | $7.58 |
| 2026-06-01 | Hoff Kurt W | Option exercise | 5.2K | — |
| 2026-05-04 | Derhacobian Narbeh | Option exercise | 8.5K | — |
| 2026-05-04 | PRINTER HOSHI | Option exercise | 8.5K | — |
| 2026-05-04 | Auker James Chris | Option exercise | 8.5K | — |
| 2026-05-04 | Palatnik Kevin S. | Option exercise | 8.5K | — |
| 2026-05-04 | Chittipeddi Sailesh | Option exercise | 8.5K | — |
| 2026-03-13 | Gurusamy Mathi | Sell | 14K | $6.21 |
| 2026-03-01 | Awsare Saleel | Tax withheld | 3.0K | $5.98 |
| 2026-03-01 | Stringham Brent Michael | Tax withheld | 1.6K | $5.98 |
| 2026-03-01 | Hoff Kurt W | Option exercise | 3.5K | — |
| 2026-03-01 | Hoff Kurt W | Option exercise | 5.2K | — |
| 2026-03-01 | Hoff Kurt W | Tax withheld | 3.1K | $5.98 |
| 2026-03-01 | Gurusamy Mathi | Option exercise | 3.3K | — |
| 2026-03-01 | Gurusamy Mathi | Option exercise | 8.0K | — |
| 2026-03-01 | Gurusamy Mathi | Tax withheld | 4.7K | $5.98 |
| 2026-03-01 | Awsare Saleel | Grant | 5.8K | — |
| 2026-03-01 | Stringham Brent Michael | Option exercise | 3.2K | — |
| 2026-03-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2025-12-01 | Gurusamy Mathi | Option exercise | 8.0K | — |
| 2025-12-01 | BRUSCHA BERNHARD | Gift | 3.0M | — |
| 2025-12-01 | Stringham Brent Michael | Option exercise | 375 | — |
| 2025-12-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2025-12-01 | Stringham Brent Michael | Option exercise | 3.2K | — |
| 2025-12-01 | Stringham Brent Michael | Tax withheld | 1.5K | $5.21 |
| 2025-12-01 | Hoff Kurt W | Option exercise | 3.5K | — |
| 2025-12-01 | Hoff Kurt W | Option exercise | 5.2K | — |
| 2025-12-01 | Hoff Kurt W | Tax withheld | 2.7K | $5.21 |
| 2025-12-01 | Gurusamy Mathi | Option exercise | 3.3K | — |
| 2025-12-01 | Gurusamy Mathi | Tax withheld | 4.0K | $5.21 |
| 2025-11-05 | Chittipeddi Sailesh | Option exercise | 14K | — |
| 2025-11-05 | Auker James Chris | Option exercise | 10K | — |
| 2025-11-03 | PRINTER HOSHI | Option exercise | 9.8K | — |
| 2025-11-03 | Palatnik Kevin S. | Option exercise | 9.8K | — |
| 2025-11-03 | Derhacobian Narbeh | Option exercise | 9.8K | — |
| 2025-11-01 | Awsare Saleel | Grant | 157K | — |
| 2025-11-01 | Awsare Saleel | Tax withheld | 75K | $4.93 |
| 2025-10-07 | BRUSCHA BERNHARD | Option exercise | 25K | $3.57 |
| 2025-09-05 | BRUSCHA BERNHARD | Sell | 13K | $4.64 |
| 2025-09-02 | BRUSCHA BERNHARD | Sell | 10K | $5.03 |
| 2025-09-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2025-09-01 | Awsare Saleel | Tax withheld | 3.1K | $5.21 |
| 2025-09-01 | Awsare Saleel | Grant | 5.8K | — |
| 2025-09-01 | Awsare Saleel | Tax withheld | 2.1K | $4.97 |
| 2025-09-01 | Awsare Saleel | Grant | 5.8K | — |
| 2025-09-01 | Gurusamy Mathi | Tax withheld | 4.0K | $4.97 |
| 2025-09-01 | Gurusamy Mathi | Option exercise | 8.0K | — |
| 2025-09-01 | Gurusamy Mathi | Option exercise | 3.3K | — |
| 2025-09-01 | Hoff Kurt W | Tax withheld | 2.7K | $4.97 |
| 2025-09-01 | Hoff Kurt W | Option exercise | 5.2K | — |
| 2025-09-01 | Hoff Kurt W | Option exercise | 3.5K | — |
| 2025-09-01 | Stringham Brent Michael | Tax withheld | 5.3K | $4.97 |
| 2025-09-01 | Stringham Brent Michael | Option exercise | 13K | — |
| 2025-09-01 | Stringham Brent Michael | Option exercise | 313 | — |
| 2025-09-01 | Stringham Brent Michael | Option exercise | 375 | — |
| 2025-09-01 | Stringham Brent Michael | Option exercise | 667 | — |
| 2025-07-01 | Awsare Saleel | Grant | 23K | — |
| 2025-07-01 | Hoff Kurt W | Option exercise | 14K | — |
| 2025-07-01 | Hoff Kurt W | Tax withheld | 4.2K | $2.82 |
| 2025-07-01 | Gurusamy Mathi | Option exercise | 13K | — |
| 2025-07-01 | Gurusamy Mathi | Tax withheld | 4.8K | $2.82 |
| 2025-07-01 | Awsare Saleel | Tax withheld | 10K | $2.82 |
| 2025-06-01 | Stringham Brent Michael | Tax withheld | 781 | $2.19 |
| 2025-06-01 | Hoff Kurt W | Tax withheld | 1.6K | $2.19 |
| 2025-06-01 | Gurusamy Mathi | Option exercise | 32K | — |
| 2025-06-01 | Gurusamy Mathi | Tax withheld | 12K | $2.19 |
| 2025-06-01 | Hoff Kurt W | Option exercise | 5.2K | — |
| 2025-06-01 | Stringham Brent Michael | Option exercise | 312 | — |
| 2025-06-01 | Stringham Brent Michael | Option exercise | 375 | — |
| 2025-06-01 | Stringham Brent Michael | Option exercise | 667 | — |
| 2025-06-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2025-05-21 | Chittipeddi Sailesh | Buy | 10K | $2.24 |
| 2025-05-15 | Awsare Saleel | Other | 6.0K | $1.93 |
| 2025-05-14 | Derhacobian Narbeh | Buy | 5.0K | $2.33 |
| 2025-05-14 | PRINTER HOSHI | Buy | 10K | $2.28 |
| 2025-05-13 | Awsare Saleel | Buy | 15K | $2.11 |
| 2025-05-05 | Derhacobian Narbeh | Option exercise | 9.8K | — |
| 2025-05-05 | Palatnik Kevin S. | Option exercise | 9.8K | — |
| 2025-05-05 | PRINTER HOSHI | Option exercise | 9.8K | — |
| 2025-03-06 | Derhacobian Narbeh | Buy | 10K | $2.67 |
| 2025-03-05 | PRINTER HOSHI | Buy | 15K | $2.70 |
| 2025-03-01 | Hoff Kurt W | Option exercise | 21K | — |
| 2025-03-01 | Hoff Kurt W | Tax withheld | 7.5K | $2.56 |
| 2025-03-01 | Stringham Brent Michael | Option exercise | 550 | — |
| 2025-03-01 | Stringham Brent Michael | Tax withheld | 781 | $2.56 |
| 2025-03-01 | Stringham Brent Michael | Option exercise | 375 | — |
| 2025-03-01 | Stringham Brent Michael | Option exercise | 313 | — |
| 2025-03-01 | Stringham Brent Michael | Option exercise | 667 | — |
| 2025-02-28 | Palatnik Kevin S. | Buy | 20K | $2.54 |
| 2025-02-28 | Awsare Saleel | Buy | 15K | $2.53 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | Material agreementReg FDExhibits | filing ↗ |
| 2026-05-08 | Material agreementExhibits | filing ↗ |
| 2026-05-06 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-04 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-06 | Exec/director changeExhibits | filing ↗ |
| 2025-11-06 | Shareholder vote | filing ↗ |
| 2025-11-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-27 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-05-29 | 0001683168-26-004424 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001683168-26-003615 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001683168-26-003564 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001683168-26-003534 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001683168-26-000774 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001683168-26-000750 ↗ |
| 8-K | 2026-01-06 | 2026-01-01 | 0001683168-26-000113 ↗ |
| 8-K | 2025-11-06 | 2025-11-04 | 0001683168-25-008033 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001683168-25-008030 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001683168-25-007988 ↗ |
| 10-K | 2025-08-29 | 2025-06-30 | 0001683168-25-006532 ↗ |
| 8-K | 2025-08-27 | 2025-08-27 | 0001683168-25-006491 ↗ |