24/7 Market News Snapshot 18 August, 2025 – Lantronix Inc (NASDAQ:LTRX)
DENVER, Colo., 18 August, 2025 (www.247marketnews.com) – (NASDAQ:LTRX) are discussed in this article.
Lantronix Inc. (LTRX) experienced a significant surge in stock performance today, opening at $3.06 and currently trading at $3.439, reflecting an impressive increase of approximately 19% from the previous session’s close of $2.89. The heightened investor interest is evident, with the current trading volume reaching 536.70K, suggesting robust market engagement. This upward trend may indicate bullish sentiment likely influenced by favorable news or financial developments. Technical chart analysis reveals potential support at $3.06 and resistance at the current trading price, prompting traders to monitor volume trends and breakout patterns to anticipate future price movements effectively.
In a notable announcement, Lantronix has confirmed its collaborative efforts with Teal Drones, a subsidiary of Red Cat Holdings Inc. (NASDAQ:RCAT), focused on the production of Teal’s Black Widow™ drones for the U.S. Army’s Short-Range Reconnaissance (SRR) Program. This partnership showcases Lantronix’s commitment to providing TAA- and NDAA-compliant technologies that meet rigorous standards necessary for mission-critical defense applications. The commencement of production shipments not only highlights early revenue visibility but also underscores Lantronix’s position as a trusted technology partner in the defense sector.
Jeff Thompson, CEO of Red Cat, emphasized the transformational impact of the Black Widow drones, which are designed to enhance situational awareness in modern warfare. The incorporation of Lantronix’s secure solutions is pivotal in ensuring compliance with the U.S. Army’s stringent requirements. With the global drone market expected to escalate to $57.8 billion by 2030, Lantronix is well-positioned to leverage high-margin growth opportunities across both defense and commercial drone sectors. Saleel Awsare, CEO and president of Lantronix, reaffirmed the company’s dedication to delivering scalable, compliance-driven solutions that address the dynamic needs of defense and industrial IoT programs.
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