Fact Sheet  Research Report

Lattice Incorporated (“Lattice” or the “Company”), founded in 1973, provides secure communications and information technology, specializing in deploying advanced technology and services to create innovative, cost-effective solutions for the Company’s global customers. The Company provides both wholesale and direct services to correctional facilities and their service providers in the U.S., Canada and Europe. The ICON platform is currently in over 50 facilities (representing 50,000 inmates) in the U.S., Canada, Europe, Japan, and the Caribbean.

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Investment Highlights
Company Name Lattice
Market/Symbol OTCQB: LTTC
Recent Price
Market Cap $0.63M
Avg. Daily Vol. (3m) 14,077
Price/Book N/A
Price/Cash Flow 7x
As of Jun. 27, 2017
*Source: QuoteMedia

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Recent Company Videos

Lattice: Innovative Communications and Management Solutions for Correctional Facilities

Nov. 1, 2016

RedChip's President & CEO, Dave Gentry, interviews Paul Burgess, CEO ofLattice (OTCQB: LTTC). Lattice is a provider of inmate management and ...

Investment Highlights

  • Acquisition of InnoVisit strengthens ICON platform and added ~$1.75 million in revenue in 2014
  • Adding new CellMate platform in 3Q15

800% annual revenue growth over the last five years

Call center drives revenue and leads to better service versus competitors

  • Approximately 75% of facilities are small and fit LTTC’s target market

  • Approximately 50%-60% market share in Oklahoma; plans to implement Oklahoma sales strategy in 8 other states; sales force increased by 4 reps
  • Contracted with 11 new facilities for installs in 1Q15, leading to ~$1.25 million in annual recurring revenue

  • Canadian subsidiary launched in September; awarded four installations with partnerships with Telus Canada and Wymactel
  • International business plan mapped out with an initial primary focus in Western Europe and Singapore
  • International revenue comprises approximately 10% of total revenue

  • Earning nearly 61% higher revenue per inmate on average (over $800 per inmate) when compared to competitors
  • When able to deploy entire solution suite, revenue per inmate can increase to as high as $1100 per inmate
  • Recurring revenue comprises approximately 70-80% of total revenue

Lattice Latest News

Latest Investor Presentation

Latest Investor Presentation

 View Full Presentation |  Download

Ask the CEO

Meet The Board of Directors

John Boyd

Paul Burgess

President, CEO and Director

Mark Rosenker

Richard Stewart


Robert Wurwarg


Meet The Management Team

Paul Burgess

President and CEO

Thomas Spadaro

Vice President of Engineering

Terry Whiteside

General Manager LSC

Joe Noto

Chief Financial Officer

Brian Hartman

Director of Business Development

LTTC Research

Lattice Incorporated (“LTTC” or the “Company”) is a leading provider of inmate management and communications solutions that provide greater efficiencies to correctional facilities, reduce… Read More

Sep. 24, 2016

Poised for Strong Growth as Geographic and Product Line Expansions Unfold; FCC Announcement Provides Further Opportunity Read More

Nov. 17, 2015

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