10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001683168-21-005471 |
| Period End Date | 20210930 |
| Filing Date | 20211112 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | lantronix_i10q-093021_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.71M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.27M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.69M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$13.52M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$21.77M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$26.56M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$15.06M | USD | Point-in-time |
| Contract manufacturers' receivables |
NontradeReceivables
|
$1.15M | USD | Point-in-time |
| Contract manufacturers' receivables |
NontradeReceivables
|
$1.96M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$2.88M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$3.55M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$43.15M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$63.29M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.58M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.77M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$15.81M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$18.27M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$19.40M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$9.36M | USD | Point-in-time |
| Lease right- of -use assets |
OperatingLeaseRightOfUseAsset
|
$2.43M | USD | Point-in-time |
| Lease right- of -use assets |
OperatingLeaseRightOfUseAsset
|
$2.18M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$240.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$273.00K | USD | Point-in-time |
| Total assets |
Assets
|
$72.57M | USD | Point-in-time |
| Total assets |
Assets
|
$105.19M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$15.60M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$9.12M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$4.94M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$3.89M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$1.47M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$1.51M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$7.33M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$10.09M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$22.86M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$31.10M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$2.21M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$27.07M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$1.38M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$1.40M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$59.55M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$26.47M | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 9) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$251.71M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$249.88M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-206.45M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-204.16M | 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
|
$46.52M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$46.50M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$45.63M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$72.57M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$105.19M | USD | Point-in-time |
Income Statement
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$17.15M | USD | 1 Quarter |
| Net revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$27.70M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$8.91M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$15.24M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$12.46M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$8.24M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$7.91M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$4.90M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$2.57M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.04M | USD | 1 Quarter |
| Restructuring, severance and related charges |
SeveranceCosts1
|
$542.00K | USD | 1 Quarter |
| Restructuring, severance and related charges |
SeveranceCosts1
|
$92.00K | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
- | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$541.00K | USD | Annual |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$541.00K | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
$1.19M | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
$882.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$8.45M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.22M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-206.00K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-1.76M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-379.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-85.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$39.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-102.00K | USD | 1 Quarter |
| Loss before income taxes |
ProfitLoss
|
$-252.00K | USD | 1 Quarter |
| Loss before income taxes |
ProfitLoss
|
$-2.24M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$50.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$42.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-302.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.08 | USD | 1 Quarter |
| Weighted-average common shares - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
28.37M | shares | 1 Quarter |
| Weighted-average common shares - basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
29.23M | shares | 1 Quarter |
Cash Flow Statement
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-302.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$603.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.48M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$230.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$221.00K | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfPurchasedIntangibleAssets
|
$1.19M | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfPurchasedIntangibleAssets
|
$882.00K | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions |
AmortizationOfAcquisitionCosts
|
$980.00K | USD | Annual |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions |
AmortizationOfAcquisitionCosts
|
$180.00K | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions |
AmortizationOfAcquisitionCosts
|
$7.00K | USD | 1 Quarter |
| Amortization of deferred debt issuance costs |
OtherAmortizationOfDeferredCharges
|
$7.00K | USD | 1 Quarter |
| Amortization of deferred debt issuance costs |
OtherAmortizationOfDeferredCharges
|
$107.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$3.10M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$934.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.85M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$114.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$214.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-811.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$400.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$317.00K | USD | 1 Quarter |
| Lease right-of-use assets |
IncreaseDecreaseInLeaseRightOfUseAsset
|
$-426.00K | USD | 1 Quarter |
| Lease right-of-use assets |
IncreaseDecreaseInLeaseRightOfUseAsset
|
$-371.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$9.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$35.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$4.42M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.27M | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-268.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-1.06M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-289.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$1.27M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$830.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-516.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$117.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$113.00K | USD | 1 Quarter |
| Cash payment for acquisitions, net of cash and cash equivalents acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Cash payment for acquisitions, net of cash and cash equivalents acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$23.98M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-24.09M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-113.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$296.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$167.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$206.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$489.00K | USD | 1 Quarter |
| Net proceeds from issuance of debt |
ProceedsFromIssuanceOfDebt
|
$28.80M | USD | 1 Quarter |
| Net proceeds from issuance of debt |
ProceedsFromIssuanceOfDebt
|
- | USD | 1 Quarter |
| Payment of borrowings on term loan |
RepaymentsOfLinesOfCredit
|
$3.75M | USD | 1 Quarter |
| Payment of borrowings on term loan |
RepaymentsOfLinesOfCredit
|
$375.00K | USD | 1 Quarter |
| Payment of lease liabilities |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$2.00K | USD | 1 Quarter |
| Payment of lease liabilities |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$2.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$25.14M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-699.00K | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$18.00K | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$531.00K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.71M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.27M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.69M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.71M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.74M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.27M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.69M | USD | Point-in-time |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$46.52M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$46.50M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$45.63M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
| Shares issued pursuant to stock awards, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$167.00K | USD | 1 Quarter |
| Shares issued pursuant to stock awards, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$296.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$206.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$489.00K | USD | 1 Quarter |
| Fair value of warrant to purchase common stock issued with bank credit facility |
FairValueOfWarrantToPurchaseCommonStockIssuedWithBankCreditFacility
|
$250.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$603.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.48M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-302.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$46.52M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$46.50M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$45.63M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.