Lantronix Inc. (LTRX) Releases a Preliminary Earnings Report Prior to Earnings Call on February 7th
Lantronix Inc. released a preliminary earnings report on January 24th for the second fiscal quarter ended December 31, 2007. The company’s preliminary estimates state revenues between $15.1 million and $15.3 million, with a gross margin expected between 50% and 52%. This should translate to a net income between $600K and $1 million. Diluted earnings were anticipated in the $0.01 - $0.02 per share range. Interim Chief Executive Officer and Chief Financial Officer, Reagan Sakai said, “Our results this quarter were driven by broad-based performance across our strategic product lines… Further, they speak to the company's ability to execute on the…