We See Further Recovery For Lantronix
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Lantronix is poised for further recovery by focusing on high-growth industries like Smart Cities and Automotive. The company benefits from a partnership with Qualcomm and the acquisition of NetComm's IoT product line, which enhances its 5G offerings and is expected to be immediately accretive to EPS. Lantronix is also streamlining its product portfolio and consolidating global sites to improve efficiency, aiming to reduce operating expenses by $4.5M in FY25.
January 04, 2025 | 1:45 pm
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Lantronix is enhancing its 5G offerings through the acquisition of NetComm's IoT product line, which is expected to be immediately accretive to EPS. The company is also streamlining operations to reduce expenses by $4.5M in FY25.
The acquisition of NetComm's IoT product line is expected to be immediately accretive to EPS, which is a positive indicator for short-term stock performance. Additionally, the company's efforts to streamline operations and reduce expenses by $4.5M in FY25 suggest a focus on improving profitability, further supporting a positive outlook.
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