Lantronix, Inc. (NASDAQ:LTRX) Q2 2024 Earnings Conference Call February 8, 2024 5:00 PM ET

Company Participants

Rob Adams - Head-Corporate Development and IR

Saleel Awsare - CEO

Jeremy Whitaker - CFO

Conference Call Participants

Scott Searle - ROTH MKM

Mike Walkley - Canaccord Genuity

Ryan Koontz - Needham

Christian Schwab - Craig-Hallum Capital Group

Operator

Good afternoon and welcome to the Lantronix Second Quarter 2024 Results Conference Call. All participants will be in listen-only mode. [Operator instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Rob Adams. Please go ahead.

Rob Adams

Good afternoon, everyone, and thank you for joining the second quarter fiscal 2024 conference call. Joining us on the call today are Saleel Awsare, Chief Executive Officer, and Jeremy Whitaker, Chief Financial Officer. A live and archived webcast of today's call will be available on the company's website. In addition, you can find the call-in details for the phone replay in today's earnings release.

During this call, management may make forward-looking statements, which involve risks and uncertainties that could cause our results to differ materially from management's current expectations. We encourage you to review the cautionary statements and risk factors contained in the earnings release, which was furnished to the SEC today and is available on our website and in the company's SEC filings, such as its 10-K and its 10-Q. Lantronix undertakes no obligation to revise or update publicly any forward-looking statements to reflect future events or circumstances. Please refer to the news release and the financial information in the Investor Relations section of our website for additional details that will supplement management's commentary.

Furthermore, during the call, the company will discuss some non-GAAP financial measures. Today's earnings release, which is posted in the Investor Relations section of our website, describes the differences between our non-GAAP and GAAP reporting and presents reconciliations for the non-GAAP financial measures that we use.

With that, I'll now turn the call over to Saleel Awsare, Lantronix's President and CEO.

Saleel Awsare

Thanks Rob, and thank you, everyone, for joining us on the call today. I'm happy to be speaking to you for the first time since I joined at the end of November. I'm pleased to report record results for the second quarter of FY 2024 with total revenues of $37 million in FY Q2, an increase of 18% compared to the same period of FY 2023, and an increase of 12% over the last quarter and we expect record revenue for fiscal 2024.