10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001683168-22-007446 |
| Period End Date | 20220930 |
| Filing Date | 20221109 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | lantronix_i10q-093022_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
|
$17.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.12M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$26.67M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$26.26M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$45.26M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$37.68M | USD | Point-in-time |
| Contract manufacturers' receivables |
NontradeReceivables
|
$932.00K | USD | Point-in-time |
| Contract manufacturers' receivables |
NontradeReceivables
|
$3.45M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$4.57M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$5.42M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$90.03M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$90.56M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.65M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$4.86M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$20.77M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.15M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$15.61M | USD | Point-in-time |
| Purchased intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$14.56M | USD | Point-in-time |
| Lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$8.04M | USD | Point-in-time |
| Lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$11.45M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$325.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$510.00K | USD | Point-in-time |
| Total assets |
Assets
|
$150.13M | USD | Point-in-time |
| Total assets |
Assets
|
$137.37M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$15.38M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$20.64M | USD | Point-in-time |
| Line of credit |
LinesOfCreditCurrent
|
- | USD | Point-in-time |
| Line of credit |
LinesOfCreditCurrent
|
$2.00M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$4.73M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$4.18M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$1.97M | USD | Point-in-time |
| Current portion of long-term debt, net |
LongTermDebtCurrent
|
$1.67M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$16.71M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$8.48M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$40.24M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$35.52M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$14.27M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$18.47M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$7.68M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$11.68M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$70.39M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$57.48M | 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
|
$4.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$4.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$289.05M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$290.54M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-211.18M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-209.53M | 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
|
$45.63M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$79.90M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$79.74M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$137.37M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$150.13M | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue |
Revenues
|
$27.70M | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.08 | USD | 1 Quarter |
| Net revenue |
Revenues
|
$31.80M | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.05 | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$15.24M | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$17.76M | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.08 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.05 | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$12.46M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$14.04M | USD | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.23M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
35.41M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
35.41M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding, Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
29.23M | shares | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$9.16M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$7.91M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.04M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.53M | 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
|
$213.00K | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$541.00K | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
$1.42M | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfIntangibleAssets
|
$1.19M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.22M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$15.41M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-1.37M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-1.76M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-262.00K | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-379.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-102.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$34.00K | USD | 1 Quarter |
| Loss before income taxes |
ProfitLoss
|
$-2.24M | USD | 1 Quarter |
| Loss before income taxes |
ProfitLoss
|
$-1.60M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$42.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$54.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.65M | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.65M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$1.79M | 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
|
$349.00K | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfPurchasedIntangibleAssets
|
$1.19M | USD | 1 Quarter |
| Amortization of purchased intangible assets |
AmortizationOfPurchasedIntangibleAssets
|
$1.42M | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions |
AmortizationOfAcquisitionCosts
|
$24.00K | USD | 1 Quarter |
| Amortization of manufacturing profit in acquired inventory associated with acquisitions |
AmortizationOfAcquisitionCosts
|
$180.00K | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$10.00K | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Amortization of deferred debt issuance costs |
OtherAmortizationOfDeferredCharges
|
$22.00K | USD | 1 Quarter |
| Amortization of deferred debt issuance costs |
OtherAmortizationOfDeferredCharges
|
$107.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.49M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$3.10M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$4.01M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.85M | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-811.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-2.52M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$317.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidExpensesOther
|
$-1.13M | USD | 1 Quarter |
| Lease right-of-use assets |
IncreaseDecreaseInLeaseRightOfUseAsset
|
$-221.00K | USD | 1 Quarter |
| Lease right-of-use assets |
IncreaseDecreaseInLeaseRightOfUseAsset
|
$-426.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$56.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$35.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$4.42M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-6.13M | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-806.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-1.06M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$1.27M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-965.00K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-4.67M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-516.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$956.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$117.00K | USD | 1 Quarter |
| Cash payment for acquisitions, net of cash and cash equivalents acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$4.65M | 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
|
$-5.61M | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$296.00K | USD | 1 Quarter |
| Net proceeds from issuances of common stock |
ProceedsFromIssuanceOfCommonStock
|
$21.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$314.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$206.00K | USD | 1 Quarter |
| Net proceeds from issuance of debt |
ProceedsFromIssuanceOfDebt
|
$28.80M | USD | 1 Quarter |
| Net proceeds from issuance of debt |
ProceedsFromIssuanceOfDebt
|
$4.91M | USD | 1 Quarter |
| Payment of borrowings on term loan |
RepaymentsOfTermLoans
|
$3.75M | USD | 1 Quarter |
| Payment of borrowings on term loan |
RepaymentsOfTermLoans
|
$438.00K | USD | 1 Quarter |
| Net proceeds from borrowing on line of credit |
ProceedsFromLinesOfCredit
|
$2.00M | USD | 1 Quarter |
| Net proceeds from borrowing on line of credit |
ProceedsFromLinesOfCredit
|
- | 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 financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$25.14M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$6.18M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$531.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-4.10M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.74M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$17.22M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$13.12M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$10.27M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.74M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$17.22M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$13.12M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$10.27M | USD | Point-in-time |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance, value |
StockholdersEquity
|
$45.63M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$79.90M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
| Beginning balance, value |
StockholdersEquity
|
$79.74M | USD | Point-in-time |
| Shares issued pursuant to stock awards, net |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$21.00K | 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
|
$314.00K | USD | 1 Quarter |
| Tax withholding paid on behalf of employees for restricted shares |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$206.00K | USD | 1 Quarter |
| Fair value of warrants to purchase common stock issued with bank credit facility |
FairValueOfWarrantToPurchaseCommonStockIssuedWithBankCreditFacility
|
$250.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.48M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.79M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.28M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.65M | USD | 1 Quarter |
| Ending balance, value |
StockholdersEquity
|
$45.63M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$79.90M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$46.10M | USD | Point-in-time |
| Ending balance, value |
StockholdersEquity
|
$79.74M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.