Lantronix's Drone Tech Surges, Fueled by U.S. Demand

Lantronix reports strong Q3 results, with revenue of $30.2M and non-GAAP EPS of $0.04, in line with guidance. Embedded IoT solutions, particularly drones and unmanned systems, drive 22% YoY growth. Gross margins remain above 43% due to higher-margin products and recurring revenue. Lantronix secures design wins with OEMs for first-responder drones and counter-drone payloads, expanding internationally. The company is capitalizing on the shift to trusted edge AI compute, forming new partnerships, and increasing software services revenue. Drone revenue is projected to reach $12M this fiscal year, targeting 15-20% of total sales by fiscal 2027. Lantronix is well-positioned for double-digit growth next year, backed by a $75B defense budget push. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/13f9ec3488b2cb68