5 Best Robotic Stocks Under $10

3. Lantronix, Inc. (NASDAQ:LTRX)

Number of Hedge Fund Holders: 10

Lantronix, Inc. (NASDAQ:LTRX) is an Irvine, California-based software as a service (SaaS) company that is focused on providing connectivity and engineering services, hardware, and turnkey solutions for the IoT and Remote Environment Management (REM).

The company has exposure in the robotics segment through its fully-owned subsidiary, Intrinsyc Technologies. Lantronix, Inc. (NASDAQ:LTRX) believes that for robots to become mainstream, developers require a platform that is accessible and easy to use. The subsidiary has worked with Misty Robotics to develop the Misty II robotics development and learning platform used in the education and eldercare industries.

Lantronix, Inc. (NASDAQ:LTRX)  posted its Q1 FY23 results after the closing bell on November 9. Revenue increased by 14.8% YoY to $31.8 million, while the adjusted EPS of seven cents was three cents higher than the consensus forecast. Analysts think Lantronix, Inc. (NASDAQ:LTRX) has the potential to expand its operations and provide greater upside to investors in the long run, which makes it one of the best robotic stocks under $10.

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