LTRX $1.6 UP!....HUGE NEWS TODAY & YESTERDAY:...XPICO WI-FI GLOBAL LAUNCH.. NEW SHANGHAI OFFICE ...IPHONE/IPAD PRINTING DEVICES..PERSISTENT INSIDER BUYING....SOLID BALANCE SHEET
12-MONTH TARGET: $6+
NEWS TODAY 8/7/2013
Lantronix Announces Global Availability of xPico(R) Wi-Fi(R) - 8/7/2013
"We have already found the new xPico Wi-Fi to be an easy-to-use, yet incredibly powerful chip alternative for our designs," said Claudio Foscan, head of development for technology and engineering consulting firm ECOnovis Engineering AG. "Not only does the product significantly speed the time to market for our new designs, but the ability to access and manage device data from iPhones® and iPads®, as well as Android devices, puts us on the cutting edge."
NEWS YESTERDAY 8/6/2013
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
New leadership brought in 2012 is making significant progress to position LTRX for accelerated profitable growth:
Significant FY 2013 Progress:
Lantronix Announces Global Availability of xPico(R) Wi-Fi(R) – 8/7/2013
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 Visi
LTRX is foming a solid base in the $1.5 - $1.6 range. The company will release earni b gs a bit late but there is a reason for it. They will sponsor and participate at the 2013 Asia Macworld congress in China the week before earnings. I anticipate a big splash during and aftet Macworld.
LTRX has made four huge announcements last week about its aggressive move into China with iphone/ipad/android machine to machine interconnecting products and technologies por personsl and enterprise users.
The most unbelievable thing is that we can still buy a piece of this growing company for 95c/share excluding cash!!! I expect a huge breakout going into earningsThe float is only 7M shares and insiders have been buying persistently just in case youd like to know.....:)
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.