Why Did Lantronix Stock (LTRX) Jump 17% After Hours?

Lantronix Inc. (NASDAQ:LTRX) surged 17.68% in after-hours trading on Tuesday to $8.11.

According to Benzinga Pro, the stock of the California-based provider of intelligent compute and connectivity solutions for IoT closed the regular session at $6.89, up 8.5%.

Partnership Agreements Signed

Lantronix announced on Tuesday a memorandum of understanding and master services agreement with Florida-based AI-driven security and defense technology company Safe Pro Group Inc. (NASDAQ:SPAI).

The company said the agreements establish a framework for joint development, integration, and commercialization of embeddable chipsets for Qualcomm-based drone and autonomous vehicle platforms.

Technology Integration

Lantronix will also integrate Safe Pro’s Object Threat Detection (SPOTD) AI algorithms with its Qualcomm-based Open-Q™ System-on-Module solutions.

SPOTD, which detects explosive threats using drones, will deliver real-time, on-device detection of landmines and small threats without cloud connectivity, according to the company's press release.

Including Red Cat Holdings' Teal Black Widow quadcopters, used in the U.S. Army's Short-Range Reconnaissance program, the companies will collaborate on defense and commercial drone programs.

In its press release, Lantronix also cited Drone Industry Insights' 2025–2030 Global Drone Market Report, which projects the global drone market will reach $57.8 billion by 2030.

The company also announced it will report its second-quarter results on Feb. 4.

Trading Metrics, Technical Analysis

The technology company's Relative Strength Index (RSI) stands at 62.32.

It has a market capitalization of $271.18 million, with a 52-week high of $7.14 and a 52-week low of $1.91.

Over the past 12 months, Lantronix's stock has risen 84.72%, reflecting strong performance and positive market sentiment.

The stock is currently positioned at 95.2% of its 52-week range, indicating it is much closer to its high than its low.

This strong gain and high positioning suggest the stock has been in a solid uptrend, making it attractive to traders seeking growth.

Benzinga's Edge Stock Rankings indicate that LTRX has a positive price trend across all time frames.

Photo: Miha Creative / Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.