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IRVINE, Calif. - Lantronix Inc. (NASDAQ:LTRX), a $180 million market cap technology company that has seen its stock surge over 86% in the past six months according to InvestingPro data, announced Thursday that its NDAA/TAA-compliant solution has been selected by Gremsy, a manufacturer of camera gimbal stabilizers for drones and unmanned aerial vehicles.
The solution is built on Lantronix’s Open-Q 5165RB System on Module based on the Qualcomm Dragonwing processor and powers Gremsy’s new drone platform and Lynx ISR payload. The technology integrates with the Hadron 640R dual thermal-visible camera from Teledyne FLIR OEM.
According to Lantronix, the solution provides improved power efficiency for longer drone operational times while consuming less energy when processing tasks. The company stated that the integrated solution is currently in production with multiple customers.
"We chose Lantronix over the competition as it is the trusted global leader in the global drone industry as well as its long-standing relationship with Qualcomm," said Nguyen Van Chu, vice general director at Gremsy.
Saleel Awsare, CEO of Lantronix, noted that the company is "a critical enabler of secure, high-performance drone platforms" with "an increasing number of top-tier global drone customers."
The solution offers edge-based AI processing, real-time analytics, extended flight times through power-efficient design, and advanced connectivity features including Wi-Fi 6. It is designed to operate in extreme environments from -25°C to +85°C.
Lantronix highlighted that its solution is fully NDAA/TAA-compliant, which is essential for U.S. defense and federal integrations. The company is already generating revenue from the partnership.
The announcement comes as the defense and commercial drone markets are projected to reach $57.8 billion by 2030, according to information cited in the press release statement. Analysts maintain a bullish outlook on Lantronix, with price targets ranging from $5 to $8 per share. For deeper insights into Lantronix’s growth potential and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Lantronix Inc. reported its Q4 2025 earnings, showcasing a 4% year-over-year revenue increase to $28.8 million, excluding Gridspertise. However, the company’s non-GAAP earnings per share fell short at $0.01. In terms of analyst activity, Needham raised its price target for Lantronix to $5.50, maintaining a Buy rating, based on increased confidence in the company’s emerging drone business. Similarly, Lake Street Capital Markets increased its price target to $5.00, also maintaining a Buy rating, citing Lantronix’s solid year-end finish and positive outlook for fiscal year 2026. Both firms highlighted potential growth opportunities in the drone sector as significant contributors to future profits. Additionally, Lantronix launched EdgeFabric.ai, a no-code AI platform designed for edge computing, which aims to simplify the development of Edge AI applications. This platform is expected to reduce development time significantly, according to the company’s announcement. These developments reflect Lantronix’s strategic focus on expanding its technological capabilities and market presence.
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