LTRX $1.6 UP!...60c/SHARE CASH...LEADER IN FAST GROWING WACHINE-TO-MACHINE CONNECTIVITY SECTOR...GLOBAL EXPANSION...PERSISTENT INSIDER BUYIN
12 MONTH TARGET: $6+ (with or without acquisition)
- LEADER IN FAST GROWING M2M SECTOR
- SOLID BALANCE SHEET (59c/share cash no debt)
- HEAVY INSIDER BUYING
- 5M SHARE FLOAT
- TRADING AT 80% DISCOUNT OF SECTOR AVERAGES
- GLOBAL EXPANSION UNDERWAY
Lantronix (LTRX) designs and manufactures secure connectivity solutions for machine-to-machine (M2M) communications. M2M market penetration is in its infancy (only about 1%). Analysts estimate that there are over 50 billion connectable machines today. With the explosive growth in smart phones, cell phones, tablets, sensors, and other devices,
LTRX' new management have positioned itself to capitalize on this explosive tech growth sector
RECENT AUGUST 2013 PRESS RELEASES/DEVELOPMENTS
On August 8, the company announced that its award-winning xPrint Server family of products for iPhones, iPads, other smart cellular devices is now be available for purchase in more than 156 cities in China, through the country's largest B2C e-commerce retailer JD. This reseller relationship marks another step in Lantronix efforts to expand its worldwide sales and distribution channels in the Asia Pacific region and build increased awareness of its full range of products. On August 6, the company announced the opening of a new office in Shanghai, China
On August 7, Lantronix announced the global availability of xPico Wi-Fi, a compact, embedded wireless device server designed for easy and fast machine-to-WiFi connectivity, especially in industrial environments.
Ron Frederickson, vice president of product development, Ticker Communications Inc., said "xPico Wi-Fi addresses a critical need in the M2M market, and further entrenches Lantronix as a leading connectivity and solutions provider. Our development strategy requires smaller footprints, seamless integration, and easy deployment -- along with the ability to support applications with more and more robust feature sets including Soft AP, Wi-Fi capabilities, and zero-host load
Guidance will be bullish with an announcement of "return to profitability" starting this, Fiscal 2014, year consistent with their July 2013 Company Presentation after Fiscal 2013 officially ended June 30, 2013.
Bullish why?......they've started an aggressive global expansion with particular emphasis in China/Asia and Europe. But also because sales of the dozen or so M2M connectivity products they've launched in the last 12 months are accelerating according to the July Company Presentation.
The July 2013 Company Presentation states than in 2014 they expect 3% GAAP Operating Income and up to 7% in 2015.....and double-digit revenue growth each year starting in 2014.
In case you did not know, the US Patent Office says that LTRX has been granted 71 patents for M2M products/applications/services since 1987 with dozens still pending. And you can buy all this with $1/share excluding cash????......Consider yourselves lucky to be able to get on this ground floor opportunity.
Even CEO Kurt Bush has his name on a recent android printer server patent application:
PRINT SERVER FOR A PORTABLE DEVICE
Systems and methods for a print server are provided that includes a processor and a memory coupled to the processor. The memory including instructions causing the processor to receive data from a computing device in a format native to the computing device and process the data received from the computing device into a format native to a printing device connected to the print server. The instructions further cause the system to provide control signals to the print device and provide the data to the print device in the format native to a printer connected to the print server.
Applicants: Lantronix inc.
Authors: Kurt Bush and David Wagstaff
Last status change:2013-04-25/ Fill date:2012-10-18