Demonstrações financeiras detalhadas de Lantronix, Inc. (LTRX): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Lantronix, Inc. registou receitas de $120.9M no último exercício, com um CAGR de 5 anos de 11.1%.
Margens dos últimos 12 meses: margem bruta 42.7%, margem operacional -3.1%, margem líquida -3.5%. O fluxo de caixa livre cresceu a CAGR de 21.3% em 5 anos.
Ao preço atual de $5.42, LTRX apresenta lucros negativos (P/L não significativo) e um ROE de -4.88%. A capitalização de mercado é de $242M.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $44.7M | $45.6M | $46.9M | $59.9M | $71.5M | $129.7M | $131.2M | $160.3M | $122.9M | $120.9M |
| Custo da Receita | $21.1M | $20.2M | $20.6M | $33.0M | $38.5M | $74.1M | $74.9M | $96.0M | $71.2M | $69.3M |
| Lucro Bruto | $23.6M | $25.4M | $26.3M | $26.9M | $33.0M | $55.6M | $56.3M | $64.4M | $51.7M | $51.6M |
| P&D | $8.0M | $8.1M | $9.1M | $9.7M | $11.1M | $17.7M | $19.6M | $20.3M | $18.6M | $17.6M |
| Despesas Gerais e Administrativas | $15.3M | $16.2M | $15.7M | $19.6M | $20.8M | $34.2M | $35.9M | $38.8M | $34.9M | $37.1M |
| Despesas Operacionais | $23.8M | $24.6M | $24.9M | $37.4M | $36.4M | $60.6M | $62.9M | $67.2M | $62.7M | $55.3M |
| Lucro Operacional | -$183000 | $804000 | $2.7M | -$10.5M | -$3.3M | -$5.0M | -$6.7M | -$2.9M | -$11.0M | -$3.7M |
| EBITDA | $657000 | $1.8M | $1.8M | -$1.6M | $377000 | $896000 | $792000 | $4.6M | -$5.1M | -$247250 |
| Despesas com Juros | $23000 | $18000 | 0 | $239000 | $315000 | $1.5M | $1.5M | $916000 | $511000 | $185000 |
| Lucro Antes de Impostos | -$209000 | $778000 | -$267000 | -$10.6M | -$3.8M | -$7.2M | -$8.2M | -$3.8M | -$11.6M | -$3.9M |
| Imposto | $68000 | $98000 | $141000 | $144000 | $195000 | -$1.8M | $748000 | $745000 | -$239000 | $279000 |
| Lucro Líquido | -$277000 | $680000 | -$408000 | -$10.7M | -$4.0M | -$5.4M | -$9.0M | -$4.5M | -$11.4M | -$4.2M |
| LPA | $-0.02 | $0.04 | $-0.02 | $-0.42 | $-0.14 | $-0.16 | $-0.25 | $-0.12 | $-0.29 | $-0.11 |
| LPA Diluído | $-0.02 | $0.04 | $-0.02 | $-0.42 | $-0.14 | $-0.16 | $-0.25 | $-0.12 | $-0.29 | $-0.11 |
| Ações em Circulação (Diluídas) | $17.5M | $19.2M | $21.6M | $25.3M | $28.7M | $32.7M | $36.3M | $37.4M | $38.6M | $42.2M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $29.8M | $29.8M | $30.2M | $31.2M |
| Lucro Bruto | $13.3M | $12.2M | $12.5M | $13.6M |
| Lucro Operacional | -$1.5M | -$991000 | -$792000 | -$392000 |
| EBITDA | $164750 | -$73000 | -$534000 | $195000 |
| Lucro Líquido | -$1.4M | -$1.3M | -$1.2M | -$269000 |
| LPA | $-0.04 | $-0.03 | $-0.03 | $-0.01 |
| LPA Diluído | $-0.04 | $-0.03 | $-0.03 | $-0.01 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $8.1M | $9.6M | $18.3M | $7.7M | $9.7M | $17.2M | $13.5M | $26.2M | $20.1M | $60.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $3.9M | $4.9M | $8.7M | $11.7M | $15.5M | $29.7M | $30.7M | $32.7M | $28.2M | $28.8M |
| Estoque | $7.0M | $8.4M | $10.5M | $13.8M | $15.1M | $37.7M | $49.7M | $27.7M | $26.4M | $25.8M |
| Ativos Circulantes | $19.4M | $23.3M | $38.2M | $34.5M | $43.2M | $90.0M | $96.6M | $89.0M | $77.4M | $117.4M |
| Imobilizado | $1.2M | $1.0M | $1.2M | $4.9M | $4.0M | $11.7M | $16.2M | $13.6M | $10.9M | $8.9M |
| Ágio | $9.5M | $9.5M | $9.5M | $15.8M | $15.8M | $20.8M | $27.8M | $27.8M | $31.1M | $31.1M |
| Ativos Intangíveis | 0 | 0 | 0 | $12.4M | $9.4M | $14.6M | $10.6M | $5.3M | $3.7M | $2.2M |
| Ativos Totais | $30.1M | $33.9M | $48.9M | $67.9M | $72.6M | $137.4M | $151.6M | $136.2M | $123.7M | $160.3M |
| Contas a Pagar | $2.7M | $3.9M | $4.7M | $5.3M | $9.1M | $20.6M | $12.4M | $10.3M | $13.3M | $17.0M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $1.5M | $1.5M | $1.7M | $2.7M | $3.0M | $3.1M | $1.6M |
| Passivos Circulantes | $9.0M | $9.7M | $11.5M | $15.8M | $22.9M | $35.5M | $46.4M | $30.2M | $30.4M | $32.1M |
| Dívida de Longo Prazo | $59000 | $4000 | 0 | $3.7M | $2.2M | $14.3M | $16.2M | $13.2M | $8.7M | 0 |
| Passivos Totais | $9.4M | $10.0M | $11.7M | $21.4M | $26.5M | $57.5M | $74.1M | $54.9M | $49.3M | $41.1M |
| Reservas | -$190.2M | -$189.6M | -$189.4M | -$200.1M | -$204.2M | -$209.5M | -$218.5M | -$223.0M | -$234.4M | -$238.6M |
| Patrimônio Líquido | $20.7M | $23.8M | $37.3M | $46.5M | $46.1M | $79.9M | $77.6M | $81.4M | $74.4M | $119.3M |
| Dívida Total | $59000 | $4000 | $4000 | $8.2M | $6.0M | $24.2M | $31.2M | $26.6M | $21.2M | $8.3M |
| Dívida Líquida | -$8.0M | -$9.6M | -$18.3M | $532000 | -$3.7M | $7.0M | $17.8M | $314000 | $1.1M | -$52.2M |
| Capital de Giro | $10.4M | $13.5M | $26.7M | $18.7M | $20.3M | $54.5M | $50.2M | $58.8M | $47.0M | $85.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $22.2M | $23.0M | $23.5M | $60.5M |
| Ativos Totais | $119.6M | $121.7M | $120.0M | $160.3M |
| Passivos Totais | $45.1M | $47.3M | $45.5M | $41.1M |
| Patrimônio Líquido | $74.5M | $74.4M | $74.5M | $119.3M |
| Dívida Total | $19.7M | $18.3M | $16.9M | $8.3M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$277000 | $680000 | -$408000 | -$10.7M | -$4.0M | -$5.4M | -$9.0M | -$4.5M | -$11.4M | -$4.2M |
| Depreciação e Amortização | $594000 | $442000 | $464000 | $2.8M | $3.9M | $6.6M | $7.5M | $7.5M | $6.0M | $1.6M |
| Compensação em Ações | $912000 | $1.2M | $1.9M | $3.6M | $3.6M | $6.2M | $6.2M | $8.3M | $6.1M | $6.3M |
| Variação Capital de Giro | $544000 | -$1.8M | -$4.0M | $1.5M | $625000 | -$19.4M | -$4.4M | $6.4M | $6.4M | $4.5M |
| Fluxo de Caixa Operacional | $2.1M | $509000 | -$1.7M | -$2.5M | $4.3M | -$9.4M | $237000 | $18.6M | $7.3M | $9.9M |
| CapEx | -$236000 | -$229000 | -$891000 | -$572000 | -$783000 | -$2.1M | -$2.7M | -$1.5M | -$505000 | -$612000 |
| Aquisições | 0 | 0 | 0 | -$13.4M | 0 | -$23.6M | -$4.7M | 0 | -$6.5M | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $1.8M | $280000 | -$2.6M | -$3.1M | $3.5M | -$11.5M | -$2.4M | $17.1M | $6.8M | $9.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $3.6M | $2.2M | $2.2M | $1.9M |
| CapEx | -$74000 | -$92000 | -$237000 | -$209000 |
| Fluxo de Caixa Livre | $3.5M | $2.1M | $1.9M | $1.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.8M | $1.6M | $1.6M | $1.3M |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +1.9% | +2.9% | +27.7% | +19.4% | +81.4% | +1.2% | +22.2% | -23.3% | -1.6% |
| Crescimento Lucro Líquido (anual) | | +345.5% | -160.0% | -2531.9% | +62.3% | -32.6% | -67.5% | +49.7% | -151.8% | +63.2% |
| Crescimento LPA (anual) | | +323.3% | -153.2% | -2122.2% | +66.7% | -14.3% | -56.2% | +52.0% | -141.7% | +62.1% |
| Variação de Ações (anual) | | +9.8% | +12.6% | +17.2% | +13.6% | +13.8% | +11.0% | +3.1% | +3.3% | +9.3% |
| Crescimento FCF (anual) | | -84.7% | -1042.5% | -17.2% | +213.8% | -427.6% | +78.9% | +803.8% | -60.5% | +36.7% |
| Margem Bruta | 52.7% | 55.7% | 56.0% | 44.9% | 46.2% | 42.9% | 42.9% | 40.1% | 42.1% | 42.7% |
| Margem Operacional | -0.4% | 1.8% | 5.8% | -17.6% | -4.7% | -3.9% | -5.1% | -1.8% | -8.9% | -3.1% |
| Margem EBITDA | 1.5% | 3.8% | 3.9% | -2.7% | 0.5% | 0.7% | 0.6% | 2.9% | -4.1% | -0.2% |
| Margem Líquida | -0.6% | 1.5% | -0.9% | -17.9% | -5.7% | -4.1% | -6.8% | -2.8% | -9.3% | -3.5% |
| Margem FCF | 4.1% | 0.6% | -5.6% | -5.2% | 4.9% | -8.9% | -1.9% | 10.7% | 5.5% | 7.7% |
| Taxa Efetiva de Imposto | -32.5% | 12.6% | -52.8% | -1.4% | -5.1% | 25.5% | -9.1% | -19.8% | 2.1% | -7.2% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $0.11 | $0.01 | $-0.12 | $-0.12 | $0.12 | $-0.35 | $-0.07 | $0.46 | $0.18 | $0.22 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $17.5M | $19.2M | $21.6M | $25.3M | $28.7M | $32.7M | $36.3M | $37.4M | $38.6M | $42.2M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -4.88% |
| Retorno sobre capital investido | -2.85% |
| Retorno sobre ativos | -2.61% |
| Margem bruta | 42.72% |
| Margem operacional | -3.06% |
| Margem líquida | -3.46% |
Saúde financeira
| Dívida / Patrimônio | 0.07 |
| Liquidez corrente | 3.66 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -152.83 | 80.00 | -175.66 | -8.83 | -36.86 | -33.62 | -16.84 | -30.08 | -9.90 | -53.45 |
| P/VP | 2.05 | 2.28 | 1.92 | 2.02 | 3.21 | 2.20 | 1.97 | 1.66 | 1.49 | 2.08 |
| P/V | 0.95 | 1.19 | 1.53 | 1.57 | 2.07 | 1.36 | 1.16 | 0.84 | 0.90 | 2.05 |
| Margem Bruta | 52.7% | 55.7% | 56.0% | 44.9% | 46.2% | 42.9% | 42.9% | 40.1% | 42.1% | 42.7% |
| Margem Operacional | -0.4% | 1.8% | 5.8% | -17.6% | -4.7% | -3.9% | -5.1% | -1.8% | -8.9% | -3.1% |
| Margem Líquida | -0.6% | 1.5% | -0.9% | -17.9% | -5.7% | -4.1% | -6.8% | -2.8% | -9.3% | -3.5% |