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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 16, 2003
LANTRONIX, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-37508 33-0362767
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
15353 Barranca Parkway
Irvine, CA
92618
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (949) 453-3990
(Former name or former address, if changed since last report)
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Item 5. Other Events
Lantronix, Inc. announced in a press release on May 5, 2003 the results of
its third fiscal quarter ended March 31, 2003. The company reported revenues for
the quarter of $12.4 million and a net loss of $9.9 million, or $0.18 per share.
The company further indicated operating expenses for the quarter were reduced
$3.1 million, to $12.4 million, as compared with $15.5 million for the same
period last year. The company noted selling, general and administrative
expenses, and research and development expenses were reduced $1 million, to
$10.3 million, as compared to $11.3 million in the prior quarter. Lastly, the
company announced it began production shipment of XPort, the world's first and
smallest integrated web / networking server solution.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following exhibit is filed herewith:
99.1 Press Release dated May 5, 2003 announcing update on third
fiscal quarter.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LANTRONIX, INC.
Date: May 16, 2003 By: /S/ MICHAEL S. OSWALD
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Michael S. Oswald
Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
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99.1 Press Release dated May 5, 2003 announcing update on third fiscal
quarter.
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