Lantronix, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, net revenue was $10,735,000 compared to $10,968,000 a year ago. Loss from operation was $604,000 compared to $268,000 a year ago. Loss before income taxes was $606,000 compared to $297,000 a year ago. Net loss and comprehensive loss was $632,000 or $0.04 per basic and diluted share compared to $323,000 or $0.02 per basic and diluted share a year ago. Non GAAP net loss was $99,000 or $0.01 per diluted share compared to non GAAP net income of $191,000 or $0.01 per diluted share a year ago. The sequential and year-over-year decrease in net revenue was primarily due to delays in closing project-based opportunities.

For the six months, net revenue was $22,271,000 compared to $21,851,000 a year ago. Loss from operation was $824,000 compared to $507,000 a year ago. Loss before income taxes was $852,000 compared to $551,000 a year ago. Net loss and comprehensive loss was $894,000 or $0.06 per basic and diluted share compared to $590,000 or $0.04 per basic and diluted share a year ago. Non GAAP net income was $165,000 or $0.01 per diluted share compared to $411,000 or $0.03 per diluted share a year ago.