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Stock impact report

Holzer & Holzer, LLC Reminds Shareholders of Upcoming April 23, 2024 Lead Plaintiff Deadline in Lantronix, Inc. (LTRX) Class Action – Nationally Ranked Investors’ Rights Firm Encourages In...

Lantronix, Inc. (LTRX) 
Last lantronix, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: lantronix.com/investor-relations
Company Research Source: GlobeNewswire
ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit against Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ: LTRX). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (i) Lantronix overstated demand and/or its visibility into demand for its IoT products; (ii) Lantronix’s customers were reducing elevated levels of inventory of IoT products, thereby causing a general slowdown in the Company’s business; (iii) certain of Lantronix’s embedded IoT revenues expected from a customer design win were delayed to the next fiscal year; (iv) as a result of all of the foregoing, Lantronix anticipated lower sales for its embedded IoT solutions for fiscal year 2024; and (v) accordingly, Lantronix was unlikely to meet its own previously issued guidance for fiscal year 2024. If you bought Lantronix Show less Read more
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