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Lantronix, Inc.
15353 Barranca Parkway, Irvine, CA 92618 * (949) 453-3990
Business Description The Company designs, develops and markets network device servers that enable almost any electronic device to be accessed, managed, controlled, reprogrammed and configured or reconfigured over the Internet or other networks using standard protocols for connectivity, including fiber optic, Ethernet and wireless.
Offering
Information

Company has
gone public

Trading As  LTRX (NASNTL) Industry  Not Classified
Type of Stock Offered  Common Shares Filing Date  5/19/00
Domestic Shares Offered  6,000,000 Offer Date  8/3/00
Foreign Shares Offered  0 Filing Range  $14.00 - $16.00
Company Shares  6,000,000 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  $0.700
Gross Proceeds  $60,000,000 Selling  - -
Expenses  - - Reallowance  $0.100
Post-IPO Shares  38,800,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Robertson, Stephens & Company Lead Manager (415) 989-8500
Donaldson, Lufkin & Jenrette Securities Corp. Co-manager (212) 371-0641
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data     6/30/97 6/30/98 6/30/99 3/31/99 3/31/00
Revenues   - - 30.680 28.300 32.980 23.157 32.631
Income from Oper.   - - 0.324 1.861 3.773 1.920 2.166
Net Income   - - 0.202 1.303 2.786 1.322 1.135
E.P.S   - - 0.010 0.050 0.100 0.050 0.040
Revenue Growth (%)      - - -7.76 16.537   40.91
Net Income Growth (%)      - - 545.05 113.81   -14.15
Oper. Profit Margin (%)    - - 1.06 6.58 11.44 6.64 8.29
Net Profit Margin (%)    - - 0.66 4.60 8.45 3.48 5.71
Cash Flow - Oper.     5.60 3.82 -0.39
Cash Flow - Inv.     -2.89 -2.61 -0.60
Cash Flow - Fin.     1.37 1.48 -0.72
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    17.53 Current Assets    15.53 Current Ratio    2.91
Total Liab.    5.45 Current Liab.    5.34 Debt Ratio    31.11%
Total Equity    12.08 Working Cap.    10.19 Debt to Equity Ratio    0.45
Cash    4.12    Return on Assets   6.48%
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital, general corporate purposes, other operating expenses, including research and development and strategic acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Brobeck, Phleger & Harrison
Auditor  Ernst & Young
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Last updated: 8/13/00 1:10:31 PM
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