The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Lantronix, Inc. (LTRX)
Lantronix, Inc. (LTRX)
Last lantronix, inc. earnings: 2/12 04:30 pm
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming April 23, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Lantronix, Inc. (“Lantronix” or the “Company”) (NASDAQ: LTRX) securities between May 11, 2023 and February 8, 2024, inclusive (the “Class Period”).If you are a shareholder who suffered a loss, click here to participate.On February 8, 2024, Lantronix released its second quarter 2024 financial results and lowered its full-year 2024 guidance by approximately $10 million. The Company attributed the revision to “lower expected sales” as a result of “a general slowdown in [the Company’s] broad-based channel business as customers work through their inventories,” and certain revenues slated for the second half of fiscal 2024 being pushed into 2025.On this news, Lantronix’s stock price fell $1.89, or 32.5%, to close at $3.92 per share on February 9, 2024, thereby injuring invest
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LTRX
Earnings
- 4/29/24 - Beat
LTRX
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 3
- 5/14/24 - Form 3
- LTRX's page on the SEC website