Lantronix Q4 net loss decreases

Lantronix, a provider of secure, remote device networking and data center management technologies, has reported a net loss of $553,000, or $0.01 per share, for the fourth quarter ended June 30, 2009, compared to a net loss of $1.37 million, or $0.02 per share, for the same quarter of fiscal 2008.

For the fourth quarter of fiscal 2009, net revenue was $11.39 million, down 23%, compared to $14.71 million for the same quarter of fiscal 2008.

For fiscal 2009, net revenue was $49.15 million, down 15%, compared to $57.59 million for fiscal 2008. Net loss was $780,000, or $0.01 per share, compared to $2.51 million, or $0.04 per share, for fiscal 2008.

Jerry Chase, president and CEO of Lantronix, said: "For the fourth quarter in a row Lantronix was non-GAAP profitable and we generated $1.3 million in cash from operations for the fiscal year ended June 30, 2009. With the addition of Jeff and Paul in the sales and marketing leadership positions as well as a robust customer-driven product pipeline, we are optimistic about our ability to drive top line growth. Additionally, Jeff and Paul are leading our efforts in establishing go-to-market partnerships."

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