Lantronix Shares Rally

Lantronix shares are nearly 16% higher at Thursday’s open after the IT management and networking company broke even in the fourth quarter on a 4.5% increase in revenue from a year ago.

After the close on Wednesday, Lantronic reported break-even GAAP earnings in Q4, narrowing from a net loss of 0.02 per share a year earlier as revenues improved to $11.04 million from $10.52 million over the same period. One analyst expected a GAAP loss of $0.02 on revenues of $11 million.

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