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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):
April 18, 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 April 18, 2003 an update on
previous guidance it provided regarding its third fiscal quarter ended March 31,
2003. The company expects net revenues to be about $12.1-12.5 million. It
previously said it expected approximately $13.5 million in net revenues. The
company also indicated cash was reduced by approximately $5.7 million during the
quarter, as compared to its cash usage forecast of $2-3 million. The company
further noted a flat climate in the overall market, progress on transitions in
manufacturing, and continued objectives for reaching cash break even in the
current quarter.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following exhibit is filed herewith:
99.1 Press Release dated April 18, 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: April 18, 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 April 18, 2003 announcing update on third
fiscal quarter.
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