LANTRONIX, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $120.9M | $122.9M | $160.3M | $131.2M | $129.7M | $71.5M | $59.9M | $46.9M |
| Cost of Revenue | $255.0K | $220.0K | $376.0K | $74.9M | $74.1M | $38.5M | $33.0M | $20.6M |
| Gross Profit | $52.9M | $51.7M | $64.4M | $56.3M | $55.6M | $33.0M | $26.9M | $26.3M |
| Gross Margin | 43.8% | 42.1% | 40.1% | 42.9% | 42.9% | 46.2% | 44.9% | 56.0% |
| Operating Expenses | ||||||||
| Research & Development | $17.6M | $18.6M | $20.3M | $19.6M | $17.7M | $11.1M | $9.7M | $9.1M |
| SG&A Expense | $37.0M | $36.2M | $40.2M | $36.9M | $34.5M | $20.8M | $19.6M | $15.9M |
| Operating Income | $-4.1M | $-11.0M | $-2.9M | $-6.7M | $-5.0M | $-3.3M | $-10.5M | $-488.0K |
| Operating Margin | -3.4% | -8.9% | -1.8% | -5.1% | -3.9% | -4.7% | -17.6% | -1.0% |
| Interest Expense | — | — | — | — | — | $278.0K | $239.0K | — |
| Pretax Income | $-3.9M | $-11.6M | $-3.8M | $-8.2M | $-7.2M | $-3.8M | $-10.6M | $-267.0K |
| Income Tax Expense | $279.0K | $-239.0K | $745.0K | $748.0K | $-1.8M | $-195.0K | $144.0K | $141.0K |
| Net Income | $-4.2M | $-11.4M | $-4.5M | $-9.0M | $-5.4M | $-4.0M | $-10.7M | $-408.0K |
| Net Margin | -3.5% | -9.3% | -2.8% | -6.8% | -4.1% | -5.7% | -17.9% | -0.9% |
| EPS (Basic) | $-0.10 | $-0.29 | $-0.12 | $-0.25 | $-0.16 | $-0.14 | $-0.42 | $-0.02 |
| EPS (Diluted) | $-0.10 | $-0.29 | $-0.12 | $-0.25 | $-0.16 | $-0.14 | $-0.42 | $-0.02 |
| Shares Outstanding (Basic) | 40.1M | 38.6M | 37.4M | 36.3M | 32.7M | 28.7M | 28.3M | 21.6M |
| Shares Outstanding (Diluted) | 40.1M | 38.6M | 37.4M | 36.3M | 32.7M | 28.7M | 28.3M | 21.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |