The company behind MiFi escaped a debt squeeze by selling telematics for $52.7 million and narrowing its bet to 5G hardware plus cloud software. The turnaround offers a practical lesson in focus - and a warning about betting too heavily on a few giant carriers.
Lantronix is an Irvine, California-based global provider of secure IoT and remote environment management solutions that combine intelligent hardware, connectivity, software-as-a-service and engineering services. Founded in 1989 and publicly traded on Nasdaq as LTRX, the company builds device servers, IoT gateways, cellular routers, console servers and PoE switches, paired with cloud management platforms like Percepxion and ConsoleFlow, to help organizations connect, compute, comprehend and control equipment at the edge across automotive, industrial, smart city, defense and enterprise IT markets.