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Lantronix fiscal Q3 loss narrows YOY

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Lantronix fiscal Q3 loss narrows YOY

Lantronix Inc. said its normalized net income for the fiscal third quarter ended March 31 was a loss of $98,750, compared with a loss of $520,630 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 2.8% from negative 5.0% in the year-earlier period.

Total revenue declined year over year to $10.0 million from $10.4 million, and total operating expenses decreased 10.2% on an annual basis to $10.1 million from $11.3 million.

Reported net income came to a loss of $456,000, or a loss of 3 cents per share, compared to a loss of $839,000, or a loss of 6 cents per share, in the prior-year period.