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Lantronix Posts Revenue Gain

Irvine-based Lantronix Inc. on Thursday posted a bigger operating loss in the December quarter than a year earlier despite a bump in sales.

The company reported a loss of $2 million in the quarter ended Dec. 31, versus a loss of $1.4 million a year earlier. Sales rose 3% to $12.9 million.

“Orders in the December quarter were strong,” said Lantronix Chief Executive Marc Nussbaum. “We view our results as a turning point in the company’s recent operating history as the improvement in our core business over the last seven quarters has begun to drive growth in our overall top-line revenue.”

The Department of Justice and Securities and Exchange Commission have been investigating the company for allegedly misleading investors through its accounting practices following the tech crash in 2000.

Lantronix restated its 2001 financial results, eliminating about $7.4 million in sales that year.

The company makes servers that allow electronic devices like bar code scanners, point-of-sale terminals and automated teller machines to be accessed and controlled over the Internet and across local area networks, or LANs.

Earlier this month, Lantronix Inc. filed a patent infringement lawsuit against Digi International Inc. The companies have traded a couple of patent suits. Digi International charged Lantronix with patent infringement last summer.

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