Lantronix, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. Net revenue was $11.0 million for the second quarter of fiscal 2014, a decrease of $1.2 million, compared to $12.2 million for the second quarter of fiscal 2013 and an increase of $85,000, compared to $10.9 million for the first quarter of fiscal 2014. The year-over-year decline in net revenue was primarily due to a decrease in sales of mature product families. GAAP net loss for the second quarter of fiscal 2014 was $323,000 or $0.02 per share, compared to a GAAP net loss of $412,000 or $0.03 per share for the second quarter of fiscal 2013 and a GAAP net loss of $267,000 or $0.02 per share, for the first quarter of fiscal 2014. Non-GAAP net income for the second quarter of fiscal 2014 was $191,000, or $0.01 per share compared to non-GAAP net income of $70,000 or $0.00 per share for the second quarter of fiscal 2013 and a non-GAAP net income of $220,000, or $0.01 per share, for the first quarter of fiscal 2014. Loss from operations was $0.268 million against $0.352 million a year ago. Loss before income taxes was $0.297 million against $0.391 million a year ago. Net loss and comprehensive loss was $0.323 million or $0.02 basic and diluted per share against $0.412 million or $0.03 basic and diluted per share a year ago.

For the six-month period, the company reported net revenues were $21.851 million against $23.364 million a year ago. Loss from operations was $0.507 million against $0.757 million a year ago. Loss before income taxes was $0.551 million against $0.806 million a year ago. Net loss and comprehensive loss was $0.590 million or $0.04 basic and diluted per share against $0.842 million or $0.06 basic and diluted per share a year ago. Non-GAAP net income was $0.411 million or $0.03 diluted per share against $0.118 million or $0.01 diluted per share a year ago.