Lantronix (NASDAQ: LTRX) is an exciting Internet of Things play. However, it was also a successful turnaround investment. Still, the mastermind behind the company's turnaround just left. Nevertheless, it seems that he left it well on its way to becoming an excellent long-term IoT investment. In my view, if LTRX manages to keep up its current margin expansion and revenue growth, then investors will be nicely rewarded.
Source: Lantronix, plus author’s annotation.
Business overview
Lantronix is an Internet of Things company and operates in three segments: IoT, maintenance, and others. This last segment