LANTRONIX, INC. Q3 FY2026 10-Q, explained in plain English
Key financials — as reported
| Total revenue | $30.2M |
| Gross margin | 43.1% |
| Operating income | −$1.1M |
| Net income | −$1.2M |
| Diluted EPS | −$0.03 |
| Cash & equivalents | $23.5M |
| Total assets | $120.0M |
| Long-term debt | $8.7M |
Key takeaway
Quarterly revenue rose 5.9% to $30.2 million, led by 21.9% growth in Embedded IoT Solutions and 31% growth in Software & Services, partly offset by a 10.2% decline in IoT System Solutions.
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Beneath the surface
Operating cash flow of $7.95 million for the nine months far exceeds the $3.91 million net loss for the same period, showing $7.65 million of non-cash charges (e.g., depreciation, amortization, stock comp) are propping up cash generation despite reported losses.
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