Lantronix, Inc. (LTRX) financial statements (2022 and earlier)

Company profile

Business Address 7535 IRVINE CENTER DR., SUITE 100
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End June 30
SIC 3576 - Computer Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,36410,2709,7398,2777,6217,7097,691
Cash and cash equivalents36,36410,2709,7398,2777,6217,7097,691
Receivables23,86521,76613,51511,62313,29812,34511,411
Inventory, net of allowances, customer advances and progress billings29,36926,55715,05915,07914,30413,88813,781
Inventory29,36926,55715,05915,07914,30413,88813,781
Other undisclosed current assets4,7394,7004,8403,5952,2682,2411,627
Total current assets:94,33763,29343,15338,57437,49136,18334,510
Noncurrent Assets
Operating lease, right-of-use asset1,7882,1832,4312,2662,5992,974 
Property, plant and equipment1,8291,7721,5771,4421,5891,5551,587
Intangible assets, net (including goodwill)36,27337,66625,16525,74426,49827,37728,259
Goodwill18,75718,27015,81015,81015,81015,81015,810
Intangible assets, net (excluding goodwill)17,51619,3969,3559,93410,68811,56712,449
Other noncurrent assets2512732402432442413,577
Total noncurrent assets:40,14141,89429,41329,69530,93032,14733,423
TOTAL ASSETS:134,478105,18772,56668,26968,42168,33067,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,40919,49414,0649,2189,7899,0667,989
Accounts payable13,30615,6009,1226,7917,4726,6765,331
Employee-related liabilities5,1033,8944,9422,4272,3172,3902,658
Debt1,4661,5151,4721,4721,4721,4721,472
Other liabilities10,28810,0937,3288,0336,8086,3396,308
Total current liabilities:30,16331,10222,86418,72318,06916,87715,769
Noncurrent Liabilities
Long-term debt and lease obligation26,52027,0752,2102,5782,9463,3143,682
Long-term debt, excluding current maturities26,52027,0752,2102,5782,9463,3143,682
Liabilities, other than long-term debt1,2861,3761,3961,0611,2931,6401,962
Other liabilities1,2861,3761,3961,0611,2931,6401,962
Total noncurrent liabilities:27,80628,4513,6063,6394,2394,9545,644
Total liabilities:57,96959,55326,47022,36222,30821,83121,413
Stockholders' equity
Stockholders' equity attributable to parent76,50945,63446,09645,90746,11346,49946,520
Common stock3333333
Additional paid in capital284,976251,706249,885248,600247,619246,546246,265
Accumulated other comprehensive income371371371371371371371
Accumulated deficit(208,841)(206,446)(204,163)(203,067)(201,880)(200,421)(200,119)
Total stockholders' equity:76,50945,63446,09645,90746,11346,49946,520
TOTAL LIABILITIES AND EQUITY:134,478105,18772,56668,26968,42168,33067,933

Income statement (P&L) ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues33,68127,70520,63817,10816,58517,14617,397
Cost of revenue
(Cost of Goods and Services Sold)
(19,241)(15,242)(10,566)(9,390)(9,589)(8,907)(10,846)
Gross profit:14,44012,46310,0727,7186,9968,2396,551
Operating expenses(16,179)(14,223)(11,033)(8,566)(8,318)(8,445)(8,147)
Operating loss:(1,739)(1,760)(961)(848)(1,322)(206)(1,596)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
45(102)(14)(224)2391
Interest and debt expense(565)(358)(34)(77)(78)(86)(99)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (37) (4)19
Loss from continuing operations before income taxes:(2,259)(2,220)(1,046)(1,149)(1,402)(252)(1,685)
Income tax expense(106)(42)(50)(38)(57)(50)(16)
Loss before gain (loss) on sale of properties:(2,365)(2,262)(1,096)(1,187)(1,459)(302)(1,701)
Other undisclosed net income7621     
Net loss:(2,289)(2,241)(1,096)(1,187)(1,459)(302)(1,701)
Other undisclosed net loss attributable to parent(106)(42)     
Net loss available to common stockholders, diluted:(2,395)(2,283)(1,096)(1,187)(1,459)(302)(1,701)

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net loss:(2,289)(2,241)(1,096)(1,187)(1,459)(302)(1,701)
Comprehensive loss, net of tax, attributable to parent:(2,289)(2,241)(1,096)(1,187)(1,459)(302)(1,701)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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