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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Lantronix, Inc. (LTRX) on Behalf of Investors
[February 21, 2024]

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Lantronix, Inc. (LTRX) on Behalf of Investors


Law Offices of Howard G. Smith announces an investigation on behalf of Lantronix, Inc. ("Lantronix" or the "Company") (NASDAQ: LTRX) investors concerning the Company's possible violations of federal securities laws.

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 cerain 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 investors.

If you purchased Lantronix securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.


This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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