RE:RE:RE:Financial Highlights
Lantronix, Inc. (LTRX) CEO Paul Pickle on Q2 2020 Results - Earnings Call Transcript
Jeremy Whitaker :
"Now turning to our recent acquisition of Intrinsyc, which closed on January 16, 2020. Let me give some perspective of the potential contribution that Intrinsyc brings. For the 12 months ended December 31, 2019, revenue was approximately $25 million, which brings additional scale to the combined entity. From an earnings standpoint, we expect the transaction to be accretive to non-GAAP EPS in our fourth fiscal quarter, which will be the first full quarter of combined operations."
Longer term, we are targeting $2 million in annual cost synergies as we integrate supply chains, eliminate redundant public company costs and realize other operating efficiencies. Intrinsyc finished the calendar year strong with a little over $7 million in sales for the quarter ended December 31, 2019. This business typically has a stronger second half seasonality. And as we look ahead, we expect a typical slower seasonal first half. In addition, it should be noted that the first 15 days of January will not be included in our financial results for the March 2020 quarter.
Now I will provide guidance on revenue and earnings for the third quarter of fiscal 2020. We expect net revenue of $18 million, plus or minus 10%, and non-GAAP net income per share of $0.02 to $0.06."
https://seekingalpha.com/article/4323669-lantronix-inc-ltrx-ceo-paul-pickle-on-q2-2020-results-earnings-call-transcript?part=single
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