Lantronix Inc. Q1 Profit Declines 54%

(RTTNews) - Lantronix Inc. (LTRX) released earnings for first quarter that declined from last year.

The company said its earnings fell to $0.12 million, or $0.01 per share. This was lower than $0.26 million, or $0.02 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.4% to $10.57 million. This was down from $11.54 million last year.

Lantronix Inc. earnings at a glance:

-Earnings (Q1): $0.12 Mln. vs. $0.26 Mln. last year. -Earnings Decline (Y-o-Y): -53.8% -EPS (Q1): $0.01 vs. $0.02 last year. -EPS Decline (Y-o-Y): -50.0% -Revenue (Q1): $10.57 Mln vs. $11.54 Mln last year. -Revenue Change (Y-o-Y): -8.4%