According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

• Lantronix overstated demand and/or its visibility into demand for its internet of things (“IoT”) products;
• Lantronix’s customers were reducing elevated levels of inventory of IoT products, thereby causing a general slowdown in Lantronix’s business;
• certain of Lantronix’s embedded IoT revenues expected from a customer design win were delayed to the next fiscal year;
• as a result of all the foregoing, Lantronix anticipated lower sales for its embedded IoT solutions for fiscal year 2024;
• accordingly, Lantronix was unlikely to meet its own previously issued guidance for fiscal year 2024; and
• as a result, Lantronix’s public statements were materially false and/or misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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