LTRX (LTRX) financial statements
LTRX reported revenue of $121M in fiscal 2026, up 11.7% a year over 9 years.
Net income was -$4M and the operating margin -3.4%, against -0.4% in 2017.
Free cash flow was $9M.
The diluted share count rose 130% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LTRX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45M | $46M | $47M | $60M | $71M | $130M | $131M | $160M | $123M | $121M |
| Cost of revenue | $21M | $20M | $21M | $33M | $38M | $74M | $75M | $96M | $71M | $68M |
| Gross profit | $24M | $25M | $26M | $27M | $33M | $56M | $56M | $64M | $52M | $53M |
| Research and development | $8M | $8M | $9M | $10M | $11M | $18M | $20M | $20M | $19M | $18M |
| Selling, general and admin | $16M | $16M | $16M | $20M | $21M | $35M | $37M | $40M | $36M | $37M |
| Operating income | -$183,000 | $804,000 | -$488,000 | -$11M | -$3M | -$5M | -$7M | -$3M | -$11M | -$4M |
| Interest expense | $23,000 | $18,000 | — | $239,000 | $278,000 | — | — | — | — | — |
| Pre-tax income | -$209,000 | $778,000 | -$267,000 | -$11M | -$4M | -$7M | -$8M | -$4M | -$12M | -$4M |
| Income tax | $68,000 | $98,000 | $141,000 | $144,000 | -$195,000 | -$2M | $748,000 | $745,000 | -$239,000 | $279,000 |
| Net income | -$277,000 | $680,000 | -$408,000 | -$11M | -$4M | -$5M | -$9M | -$5M | -$11M | -$4M |
| EPS (diluted) | -$0.02 | $0.04 | -$0.02 | -$0.42 | -$0.14 | -$0.16 | -$0.25 | -$0.12 | -$0.29 | -$0.10 |
| Diluted shares | 17M | 19M | 22M | 25M | 29M | 33M | 36M | 37M | 39M | 40M |
| Gross margin | 52.7% | 55.7% | 56.0% | 44.9% | 46.2% | 42.9% | 42.9% | 40.1% | 42.1% | 43.8% |
| Operating margin | -0.4% | 1.8% | -1.0% | -17.6% | -4.7% | -3.9% | -5.1% | -1.8% | -8.9% | -3.4% |
| Net margin | -0.6% | 1.5% | -0.9% | -17.9% | -5.7% | -4.1% | -6.8% | -2.8% | -9.3% | -3.5% |
Balance sheet
Fiscal years, from LTRX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $10M | $18M | $8M | $10M | $17M | $13M | $26M | $20M | $60M |
| Receivables | $3M | $4M | $7M | $11M | $14M | $26M | $28M | $31M | $25M | $25M |
| Inventory | $7M | $8M | $11M | $14M | $15M | $38M | $50M | $28M | $26M | $26M |
| Total current assets | $19M | $23M | $38M | $35M | $43M | $90M | $97M | $89M | $77M | $117M |
| Property, plant and equipment | $1M | $1M | $1M | $2M | $2M | $4M | $5M | $4M | $2M | $1M |
| Goodwill | $9M | $9M | $9M | $16M | $16M | $21M | $28M | $28M | $31M | $31M |
| Total assets | $30M | $34M | $49M | $68M | $73M | $137M | $152M | $136M | $124M | $160M |
| Total current liabilities | $9M | $10M | $11M | $16M | $23M | $36M | $46M | $30M | $30M | $32M |
| Long-term debt | — | — | $0 | $4M | $2M | $14M | $16M | $13M | $9M | $0 |
| Total liabilities | $9M | $10M | $12M | $21M | $26M | $57M | $74M | $55M | $49M | $41M |
| Shareholders' equity | $21M | $24M | $37M | $47M | $46M | $80M | $78M | $81M | $74M | $119M |
| Net debt | -$8M | -$10M | -$18M | -$3M | -$6M | -$1M | $6M | -$10M | -$8M | -$60M |
Cash flow
Fiscal years, from LTRX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | $509,000 | -$2M | -$3M | $4M | -$9M | $237,000 | $19M | $7M | $10M |
| Capital spending | $236,000 | $229,000 | $891,000 | $572,000 | $783,000 | $2M | $3M | $1M | $505,000 | $612,000 |
| Free cash flow | $2M | $280,000 | -$3M | -$3M | $4M | -$12M | -$2M | $17M | $7M | $9M |
| Stock-based compensation | $912,000 | $1M | $2M | $4M | $4M | $6M | $6M | $8M | $6M | $6M |
| Net borrowing | — | — | $0 | $6M | $0 | $29M | $5M | $0 | -$5M | -$12M |
| Free cash flow margin | 4.1% | 0.6% | -5.6% | -5.2% | 4.9% | -8.9% | -1.9% | 10.7% | 5.5% | 7.7% |
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Open LTRX in InvestinglyQuestions
What was LTRX's revenue in 2026?
$121M in fiscal 2026, from its 10-K filing.
How much free cash flow does LTRX generate?
$9M in fiscal 2026 (operating cash flow minus capital spending).
From LTRX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.