Tag: NASD:LTRX

Following recent recognition, Lantronix, Inc. (NASDAQ: LTRX), a global pioneer in computing and networking solutions for the Internet of Things (IoT), surged on the US stock charts. Building on an earlier rise of 10.71% during the regular session that concluded at $2.17, LTRX shares surged 10.93% in after-hours trading to $2.41.

Recognition as Eighth Fastest-Growing Business

In Orange County, California, the Orange County Business Journal has named Lantronix the 8th fastest-growing midsize public business. In the 12-month period ending December 30, 2024, reported revenues reached $160.3 million, reflecting the company’s impressive 22% revenue rise over the previous two years.

This recognition highlights LTRX’s ongoing development in important technological domains including Out-of-Band Management, Industry 4.0, Industrial IoT (IIoT), and Edge AI.

Growth Strategy Supported by Honors and Guidance

Lantronix credits its recent successes to the hard work of its worldwide staff and solid partnerships with channel and technology partners. To further strengthen its position in the industry, the company has appointed seasoned business professionals to manage its global development plan for 2025 and beyond. When CEO Saleel Awsare was named the 2025 IoT CEO of the Year, the company’s standing in the IoT sector was further solidified.

Multiple Recognitions

Lantronix has made it onto the esteemed 2025 CRN Internet of Things (IoT) 50 list in Hardware category. This yearly list honors businesses who are driving IoT innovation and facilitating notable channel expansion.

The quality of the vendors’ IoT portfolios and their track record of creating new possibilities for partners determine their inclusion on the list. Every business on the CRN IoT 50 has taken action to enable its channel partners to provide innovative IoT solutions and spur expansion.

Other 2024 IoT Evolution Awards that LTRX has received include Asset Tracking Award, Business Impact Award, and Product of the Year. These accolades show how committed Lantronix is to offering smart, cutting-edge IoT solutions to the rapidly evolving digital landscape.

Lantronix, Inc. (NASDAQ: LTRX) sustained its upward trajectory in the post-market session, marking a notable increase of 4.73% to reach $3.32. This surge in Lantronix stock followed a 2.92% uptick during the regular trading hours, closing at $3.17. The surge in LTRX stock value was precipitated by the release of a case study showcasing the efficacy of the company’s solution.

In a recent publication, Lantronix (LTRX) detailed a case study centered on the implementation of its Out-of-Band (OOB) solutions and accompanying Level Technical Services by a prominent financial institution. This global entity boasts a sophisticated IT infrastructure featuring extensively dispersed mission-critical servers across data centers worldwide.

Lantronix OOB technology enabled the IT teams to remotely access and manage servers connected to the SWIFT network while adhering to rigorous security protocols. A pivotal aspect of this solution is its provision for encrypted access to remote servers, coupled with comprehensive logging, monitoring, and reporting functionalities.

A recent case study featuring a leading US bank disclosed that as one of the premier financial services institutions globally, this entity caters to millions of customers. Its intricate IT infrastructure encompasses mission-critical servers distributed across data centers worldwide.

For over 18 years and spanning three product generations, this institution has opted for Lantronix’s cutting-edge OOB hardware and software solutions to securely automate its critical banking infrastructure. Lantronix’s solutions offer the requisite reliability, security, and flexibility essential for safeguarding sensitive data and ensuring compliance with auditing standards.

Lantronix underscored the achievements of its solution, which encompass encrypted management access to remote servers both in- and out-of-band, granular role-based permissioning with port- and command-level authorization controls, and comprehensive logging and compliance reporting of all user interactions, keystrokes, and alterations.

Additionally, the solution provides secure session management, including the proper termination of user sessions, centralized management via Lantronix’s Control Center, and interoperability with crucial networks such as the SWIFT Banking System. The provision of round-the-clock network support, collaborative strategic deployment, and advanced rule creation further underscore the efficacy of Lantronix’s offerings.