Following recent recognition, Lantronix, Inc. (NASDAQ: LTRX), a global pioneer in computing and networking solutions for the Internet of Things (IoT), surged on the US stock charts. Building on an earlier rise of 10.71% during the regular session that concluded at $2.17, LTRX shares surged 10.93% in after-hours trading to $2.41.
Recognition as Eighth Fastest-Growing Business
In Orange County, California, the Orange County Business Journal has named Lantronix the 8th fastest-growing midsize public business. In the 12-month period ending December 30, 2024, reported revenues reached $160.3 million, reflecting the company’s impressive 22% revenue rise over the previous two years.
This recognition highlights LTRX’s ongoing development in important technological domains including Out-of-Band Management, Industry 4.0, Industrial IoT (IIoT), and Edge AI.
Growth Strategy Supported by Honors and Guidance
Lantronix credits its recent successes to the hard work of its worldwide staff and solid partnerships with channel and technology partners. To further strengthen its position in the industry, the company has appointed seasoned business professionals to manage its global development plan for 2025 and beyond. When CEO Saleel Awsare was named the 2025 IoT CEO of the Year, the company’s standing in the IoT sector was further solidified.
Multiple Recognitions
Lantronix has made it onto the esteemed 2025 CRN Internet of Things (IoT) 50 list in Hardware category. This yearly list honors businesses who are driving IoT innovation and facilitating notable channel expansion.
The quality of the vendors’ IoT portfolios and their track record of creating new possibilities for partners determine their inclusion on the list. Every business on the CRN IoT 50 has taken action to enable its channel partners to provide innovative IoT solutions and spur expansion.
Other 2024 IoT Evolution Awards that LTRX has received include Asset Tracking Award, Business Impact Award, and Product of the Year. These accolades show how committed Lantronix is to offering smart, cutting-edge IoT solutions to the rapidly evolving digital landscape.
