Lantronix, Inc.
LTRX Technology Communication Equipment
Lantronix, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $120.9 million, down 1.65% from fiscal 2025. In the quarter to June 2026, revenue grew 8.03%, EPS grew 85.7%, free cash flow grew 89.0% and total debt fell 30.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Lantronix, Inc. (LTRX) Altman Z-score
Lantronix, Inc.'s Altman Z-score for fiscal 2026 is 2.67, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.67 | 2.82 |
| FY2025 | −0.15 | (0.93) |
| FY2024 | 0.79 | 0.45 |
| FY2023 | 0.34 | (0.66) |
| FY2022 | 1.00 | 0.41 |
| FY2021 | 0.59 | 1.38 |
| FY2020 | −0.80 | (0.65) |
| FY2019 | −0.14 | 2.71 |
| FY2018 | −2.85 | 1.42 |
| FY2017 | −4.27 | 2.58 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.64 | |
| Retained earnings / total assets | (1.49) | — | −2.08 | |
| EBIT / total assets | (0.03) | — | −0.08 | |
| Market value of equity / total liabilities | 5.75 | — | 3.45 | |
| Sales / total assets | 0.75 | — | 0.75 | |
| Altman Z-score | Grey zone | 2.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.52 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BKTI BK TECHNOLOGIES, INC. compare | 11.5× |
| CLFD Clearfield, Inc. compare | 7.4× |
| OCC Optical Cable Corporation compare | 3.8× |
| SILC Silicom Ltd compare | 3.2× |
| LTRX Lantronix, Inc. | 2.7× |
| AUDC AudioCodes Ltd. compare | 2.4× |
| CRNT Ceragon Networks Ltd. compare | 1.2× |
| ADTN ADTRAN Holdings, Inc. compare | 0.7× |
| AVNW Aviat Networks, Inc. compare | 0.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets