LTRX $1.5..NEWS TODAY!!! NEW SHANGHAI OFFICE...GLOBAL EXPANSION ..IPHONE/IPAD PRINTING & MANY PRODUCTS...INSIDER BUYING...60C/SHARE CASH
12-MONTH TARGET: $6+
Lantronix Expands Company's Asia Pacific Presence With Opening of New Office in Shanghai
New Office in Major China Technology Hub to Deliver Localized Sales, Marketing and Custom Engineering to Customers in the Region
- EXPANDING DOMESTICALLY & GLOBALLY
- SOLID BALANCE SHEET (59c/share cash no debt)
- HEAVY INSIDER BUYING (All buys - no sales)
- LOW FLOAT (7 Million shares)
- 0.4 X SALES
- LAUNCHING NEW PRODUCTS EVERY QUARTER (EXAMPLE: NEW $99 DEVICE ALLOWS DIRECT PRINTING FROM IPHONE & IPADS...IDEAL FOR HOME & OFFICE NETWORKING...& MANY OTHERS)
- SIGNIFICANT & AGGRESSIVE GLOBAL EXPANSION
-TOTALLY UNDER THE RADAR BUT NOT FOR LONG
New Management Executing on Strategic Plan to Drive Profitable Growth With New Executive Management Installed in2012
–Brought in new leadership
–Stabilized company and organized company resources to focus on new product development
–Executing on product development strategy with planned release of at least one new product to market per quarter
–Expanding company marketing and sales efforts to drive new product revenue growth and sell our entire product portfolio in each of our geographic regions
FY 2013 Progress
New sales office in Shanghai, China announced 8/6/2013
Revenue growth of 5% for the nine months ended March 31, 2013
New product revenues beginning to ramp
Launched 7 new products in FY 13 YTD
Expected to be on target for new product launches into analog, wireless, and mobile printing markets
Expanding sales channels and marketing efforts:
- Ingram Micro - Europe
- Arrow Electronics – Asia Pacific & Latin America
- New sales office in Shanghai, China announced 8/6/2013
- Mouser Electronics – Europe & Asia Pacific
- Frys, Data Vision - United States
- Re-energized existing VAR relationships with new product pipeline, enhanced partner program and increased marketing
Earnings next week will be great......guidance will be bullish based on China/Asia expansion.
LTRX is being heavily manipulated right now. But this will all change after this week's 2013 Asia Macworld expo and next week's earnings
This one is trading at 90c/share excluding cash!!
Check out recent news.
LTRX will make a big splash as a sponsor and exhibitor at the 2013 Asia Macworld to be held in China August 22 - August 25.
From the 8/9/2013 PR:
As a Gold Sponsor and official Mobile Print Sponsor of the event, Lantronix will provide live demonstrations of iPad and iPhone printing at four print stations throughout the event, and will host a 30 minute presentation on "The xPrintServer and Best Practices for iOS Printing."
"We are thrilled to partner with IDG and the Macworld team to bring the award-winning xPrintServer family of products to the Asia Pacific region," said Lei Zhong, director of Asia Pacific sales for Lantronix. "There is tremendous demand for Apple products and related accessories in our region, and we believe Macworld is an ideal venue to rapidly build brand awareness and encourage product trials."
The Macworld iWorld 2013 sponsorship complements the Company's strategic push in the Asia Pacific region, most recently marked by the opening of a new Shanghai office, as well as the availability of the xPrintServer family at several etailers and stores in China.