LTRX - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Lantronix Inc. (LTRX) | Benzinga

LOS ANGELES, March 04, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 23, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Lantronix, Inc. ("Lantronix" or the "Company") (NASDAQ:LTRX) securities between May 11, 2023 and February 8, 2024, inclusive (the "Class Period").

If you suffered a loss on your Lantronix investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Lantronix-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On February 8, 2024, Lantronix released its second quarter 2024 financial results and lowered its full-year 2024 guidance by approximately $10 million. The Company attributed the revision to "lower expected sales" as a result of "a general slowdown in [the Company's] broad-based channel business as customers ...

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