10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001683168-19-003631 |
| Period End Date | 20190930 |
| Filing Date | 20191114 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | ltrx-20190930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
53 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.28M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.93M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.57M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$7.84M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$7.39M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$12.42M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$10.51M | USD | Point-in-time |
| Contract manufacturers' receivable |
NontradeReceivables
|
$1.32M | USD | Point-in-time |
| Contract manufacturers' receivable |
NontradeReceivables
|
$419.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$687.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$1.27M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$33.99M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$38.19M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.20M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.35M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$12.46M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$9.49M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.77M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
- | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$67.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.19M | USD | Point-in-time |
| Total assets |
Assets
|
$48.94M | USD | Point-in-time |
| Total assets |
Assets
|
$50.75M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.72M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$5.99M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$2.59M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$2.06M | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$99.00K | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$116.00K | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$108.00K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$4.58M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$6.30M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$14.98M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$11.47M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$206.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$384.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$15.36M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.68M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$226.87M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$226.27M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-189.38M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-191.85M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$371.00K | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$371.00K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$34.70M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$35.39M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$37.27M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$23.81M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$48.94M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$50.75M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue |
Revenues
|
$12.74M | USD | 1 Quarter |
| Net revenue |
Revenues
|
$12.28M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$6.55M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$5.50M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$6.78M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$6.20M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$4.27M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$4.47M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$2.21M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$2.62M | USD | 1 Quarter |
| Restructuring, severance and related charges |
SeveranceCosts1
|
$323.00K | USD | 1 Quarter |
| Restructuring, severance and related charges |
SeveranceCosts1
|
$749.00K | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$643.00K | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
$144.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$8.63M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$6.81M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-2.44M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-29.00K | USD | 1 Quarter |
| Interest income (expense), net |
InterestIncomeExpenseNet
|
$56.00K | USD | 1 Quarter |
| Interest income (expense), net |
InterestIncomeExpenseNet
|
$-4.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-43.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-10.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-43.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-2.42M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$40.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$48.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.47M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-83.00K | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.11 | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Weighted-average common shares - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22.91M | shares | 1 Quarter |
| Weighted-average common shares - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
19.32M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-2.47M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-83.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$478.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$578.00K | USD | 1 Quarter |
| Depreciation and amortization |
Depreciation
|
$147.00K | USD | 1 Quarter |
| Depreciation and amortization |
Depreciation
|
$105.00K | USD | 1 Quarter |
| Amortization of acquired intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of acquired intangible assets |
AmortizationOfIntangibleAssets
|
$144.00K | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisition |
AmortizationOfAcquisitionCosts
|
$171.00K | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisition |
AmortizationOfAcquisitionCosts
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-863.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$496.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$55.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$474.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-905.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-95.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$331.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$304.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-74.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-1.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-381.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$11.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-836.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$279.00K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$-7.00K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$-8.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-603.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$644.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.08M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-474.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$118.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$64.00K | USD | 1 Quarter |
| Cash payment for acquisition of Maestro, net of cash and cash equivalents acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$5.07M | USD | 1 Quarter |
| Cash payment for acquisition of Maestro, net of cash and cash equivalents acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-64.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.19M | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$10.02M | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$145.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$127.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$113.00K | USD | 1 Quarter |
| Payment of financing lease obligations |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$2.00K | USD | 1 Quarter |
| Payment of financing lease obligations |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$15.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$9.89M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$16.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$9.36M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-6.25M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.28M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.93M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.57M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.28M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.93M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.57M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.03M | USD | Point-in-time |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$34.70M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$35.39M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$37.27M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$23.81M | USD | Point-in-time |
| Cumulative effect of accounting change |
IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple
|
$582.00K | USD | 1 Quarter |
| Shares issued pursuant to equity offering, net, value |
StockIssuedDuringPeriodValueNewIssues
|
$9.44M | USD | 1 Quarter |
| Shares issued pursuant to stock awards, net value |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$145.00K | USD | 1 Quarter |
| Shares issued pursuant to stock awards, net value |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$586.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$113.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$127.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$477.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$578.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.47M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-83.00K | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$34.70M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$35.39M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$37.27M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$23.81M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.