Lantronix, Inc. (LTRX) Financial Statements (2024 and earlier)

Company Profile

Business Address 48 DISCOVERY, SUITE 250
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 3576 - Computer Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,4526,80517,2219,7397,69118,282
Cash and cash equivalents13,4526,80517,2219,7397,69118,282
Receivables27,68227,67526,26213,51511,4117,388
Inventory, net of allowances, customer advances and progress billings49,73649,15637,67915,05913,78110,509
Inventory49,73649,15637,67915,05913,78110,509
Other current assets 58134    
Other undisclosed current assets5,6236,2758,8714,8401,6272,011
Total current assets:96,55190,04590,03343,15334,51038,190
Noncurrent Assets
Operating lease, right-of-use asset11,58310,8368,0372,431 
Property, plant and equipment4,6295,0813,6521,5771,5871,199
Intangible assets, net (including goodwill)38,38941,26435,32725,16528,2599,488
Goodwill27,82427,15120,76815,81015,8109,488
Intangible assets, net (excluding goodwill)10,56514,11314,5599,35512,449 
Other noncurrent assets4725593252403,57767
Total noncurrent assets:55,07357,74047,34129,41333,42310,754
TOTAL ASSETS:151,624147,785137,37472,56667,93348,944
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,83219,92630,10214,0647,9896,892
Employee-related liabilities4,7294,9422,6582,060
Accounts payable12,40116,71720,6449,1225,3314,716
Accrued liabilities2,4313,2094,729  116
Debt2,7432,2241,6711,4721,472 
Other liabilities28,81315,3258,4777,3286,3084,580
Other undisclosed current liabilities  2,000(4,729)   
Total current liabilities:46,38839,47535,52122,86415,76911,472
Noncurrent Liabilities
Long-term debt and lease obligation16,22117,72314,2742,2103,682 
Long-term debt, excluding current maturities16,22117,72314,2742,2103,682 
Liabilities, other than long-term debt11,45911,0697,6831,3961,962206
Other liabilities11,45911,0697,6831,3961,962206
Total noncurrent liabilities:27,68028,79221,9573,6065,644206
Total liabilities:74,06868,26757,47826,47021,41311,678
Equity
Equity, attributable to parent77,55679,51879,89646,09646,52037,266
Common stock444332
Additional paid in capital295,686292,930289,046249,885246,265226,274
Accumulated other comprehensive income371371371371371371
Accumulated deficit(218,505)(213,787)(209,525)(204,163)(200,119)(189,381)
Total equity:77,55679,51879,89646,09646,52037,266
TOTAL LIABILITIES AND EQUITY:151,624147,785137,37472,56667,93348,944

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues131,189131,570129,65571,47759,87846,890
Cost of revenue(74,925)(75,057)(74,069)(38,452)(32,978)(20,617)
Cost of goods and services sold(74,925)(75,057)(74,069)(38,452)(32,978) 
Gross profit:56,26456,51355,58633,02526,90026,273
Operating expenses(62,938)(61,507)(60,597)(36,362)(37,438)(26,761)
Operating loss:(6,674)(4,994)(5,011)(3,337)(10,538)(488)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(73)11853(197)77(15)
Interest and debt expense (10)(764)(764)(278)(239) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (37)106236
Loss from continuing operations before equity method investments, income taxes:(6,757)(5,640)(5,722)(3,849)(10,594)(267)
Other undisclosed loss from continuing operations before income taxes(1,475)     
Loss from continuing operations before income taxes:(8,232)(5,640)(5,722)(3,849)(10,594)(267)
Income tax expense(748)(1,738)(1,832)(195)(144)(141)
Loss from continuing operations:(8,980)(7,378)(7,554)(4,044)(10,738)(408)
Loss before gain (loss) on sale of properties:(5,241)(7,554)(4,044)(10,738)(408)
Other undisclosed net income748624360   
Net loss:(8,232)(6,754)(7,194)(4,044)(10,738)(408)
Other undisclosed net income (loss) attributable to parent(748)1,8081,832   
Net loss available to common stockholders, diluted:(8,980)(4,946)(5,362)(4,044)(10,738)(408)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net loss:(8,232)(6,754)(7,194)(4,044)(10,738)(408)
Comprehensive loss, net of tax, attributable to parent:(8,232)(6,754)(7,194)(4,044)(10,738)(408)

Statements Sources

The financial statements are based on the Company's filings with 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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