Lantronix net revenue down slightly in 2014

Lantronix, Inc. (NASDAQ: LTRX) said it reported net revenue was USD44.5m for fiscal 2014, a decrease of USD2.1m, compared to USD46.7m for fiscal 2013.

Gross profit margin was 50.0 percent for 2014, compared to 47.4 percent for fiscal 2013. Operating expenses were USD23.1m for 2014, a decrease of USD1.6m, compared to USD24.7m for fiscal 2013.

GAAP net loss for fiscal 2014 was USD933,000, or USD0.06 per share, compared to a GAAP net loss of USD2.8m, or USD0.19 per share for fiscal 2013.

Non-GAAP net income for fiscal 2014 was USD948,000, or USD0.06 per share compared to non-GAAP net loss of USD935,000 or USD0.06 per share for fiscal 2013.

Lantronix is a leader of secure communication technologies that simplify access and communication with and between virtually any electronic device. The company´s headquarters are located in Irvine, California. For more information, visit www.lantronix.com, http://www.lantronix.com/blog, http://www.twitter.com/Lantronix.

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