Lantronix amended employment agreements for CEO Saleel Awsare and CRO Kurt Hoff to increase their annual base salaries to $550,000 and $390,000 respectively, effective August 1, 2026. The amendments also removed two-year severance restrictions for both executives. Additionally, the company amended its Chief Product & Strategy Officer Mathi Gurusamy’s offer letter to raise his annual base salary to $390,000, effective August 1, 2026, while removing a similar two-year severance restriction. These changes reflect adjustments to executive compensation packages and termination protections for key leadership personnel. Lantronix operates in the technology industry, providing IoT connectivity solutions.

Lantronix reported fiscal fourth-quarter revenue of $31.2 million, an 8% increase year-over-year, and full-year revenue of $120.9 million. GAAP EPS was ($0.01) for the quarter and ($0.10) for the year, while Non-GAAP EPS reached $0.04 and $0.15, respectively. Unmanned Systems revenue totaled $12.6 million in fiscal 2026, exceeding prior guidance. The company ended the period with $60 million in cash and no debt after repaying its remaining obligations. Management provided first-quarter fiscal 2027 revenue guidance of $31.0 million to $33.0 million and Non-GAAP EPS guidance of $0.04 to $0.06, projecting double-digit growth for the full year. Lantronix operates in the Edge AI and Industrial IoT sector, providing hardware, software, and services for unmanned systems, critical infrastructure, and enterprise networks.