Computer networking products maker and connectivity company Lantronix said quarterly revenue fell 4% to $29.8 million in line with analysts’ estimates, while the net loss narrowed to $1.3 million from $2.4 million in the same period a year earlier. (Nasdaq: LTRX)
Irvine-based Lantronix said today in its earnings release for the fiscal second quarter that it experienced “particularly strong momentum” in the unmanned systems industry.
The company’s shares rose 4.3% to $6.50 apiece in after-hours trading for a market cap of $245 million, after closing down 13.5% earlier in the day.
For further details, see the Feb. 9 edition of the Business Journal.
