LTRX News & Events

Safe Pro (SPAI) announced progress in its collaboration with Lantronix (LTRX) to integrate AI-powered threat detection with Lantronix's System-on-Module platform for robotic edge processing. The companies are working to create embeddable chipsets for drone and autonomous vehicle platforms, including native support for Safe Pro's object threat detection algorithms. The collaboration, which follows a 120-day development cycle, aims to enable real-time processing of video and sensor data for airborne robotic platforms without cloud dependence. "We continue to expand our portfolio of novel AI models into air, ground and sea autonomy applications, and are pleased to advance our AI collaboration with Lantronix for its widely utilized modules. Compatibility with Lantronix's on-board compute and processing hardware used by leading global drone and autonomous system manufacturers significantly increases the addressable market for Safe Pro, enabling us to further accelerate adoption of our patented technology across the evolving defense and commercial marketplaces," said Dan Erdberg, chairman and CEO of Safe Pro.

Reports Q3 revenue $30.18M, consensus $30.48M. "Our third-quarter results reflect our disciplined execution and continued momentum across the business as we reported year-over-year revenue and earnings growth," said Saleel Awsare, president and CEO of Lantronix. "Our position as a critical onboard edge compute platform for unmanned systems continues to expand, reflected by the 22 percent growth we delivered in our Embedded IoT Solutions portfolio."

Sees Q4 revenue $29M-$33M, consensus $32.09M. "We are approaching the end of fiscal 2026 from a position of strength, and our recent momentum gives us great confidence in our growth trajectory. We believe we will carry the momentum we've created into next year and aim to deliver double-digit revenue growth in fiscal 2027, an important step in our evolution towards a faster-growing, higher quality and more profitable business," concluded Awsare.