Lantronix is showcasing an AI-enabled IoT Edge Compute Cellular Gateway for industrial sectors

From Nasdaq: 2025-03-10 08:55:00

Lantronix, Inc. (LTRX) will showcase SmartLV, an AI-enabled IoT Edge Compute Cellular Gateway at Embedded World in March 2025. Powered by Qualcomm Dragonwing IQ-615, it targets low-voltage substations, revolutionizing smart grids and industrial sectors. The SmartLV Gateway is set for commercial launch in 2025, with trials beginning in 2024 for selected operators.

Lantronix continues to drive growth through innovation, recently introducing an AI-powered camera and partnering with Redtree Solutions. The company acquired NetComm for $6.5 million, expanding its Connect business. Lantronix focuses on Edge Intelligence with assets in Compute and Connect, targeting Enterprise, Smart Cities, and Transportation markets.

Despite strategic acquisitions, Lantronix faces challenges in the IoT System Solutions and Software & Services segments. Revenues dipped in the second quarter of fiscal 2025 due to reduced orders from top automotive customers. Lantronix currently holds a Zacks Rank #4 (Sell), with shares down 25.2% in the past year.

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