Anterix (ATEX) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.30%. A quarter ago, it was expected that this wireless communications company would post a loss of $0.59 per share when it actually produced a loss of $0.69, delivering a surprise of -16.95%.Over the last four quarters, the com ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 For the transition period from __________ to __________ Commission File Number: 001-36827 ______________________ Anterix Inc. OR (Exact name of registrant as specified in its charter) ______________________ o TRANSIT ...

Financial Performance - Anterix reported spectrum revenue of $1.566 million for the three months ended December 31, 2024, a 23.2% increase from $1.271 million in the same period of 2023[15] - The net income for the three months ended December 31, 2024, was $7.710 million, compared to a net income of $328,000 in the same period of 2023[15] - For the three months ended December 31, 2024, the net income was $7.71 million, a significant increase from a net income of $0.33 million in the same period of 2023[17] - The company reported a loss from operations of $21.110 million for the nine months ended December 31, 2024[15] - Anterix's accumulated deficit increased to $399.196 million as of December 31, 2024, from $372.173 million as of March 31, 2024[13] Cash and Assets - The company had cash and cash equivalents of $28.8 million and no debt as of December 31, 2024[4] - The total cash and cash equivalents and restricted cash at the end of the period was $36.43 million, down from $69.55 million at the end of December 2023[18] - Anterix's total assets increased to $326.679 million as of December 31, 2024, compared to $324.894 million as of March 31, 2024[13] Share Repurchase and Expenses - The company executed share repurchase activity of $4.4 million in the fiscal third quarter of 2025, with approximately $229.6 million remaining under the current share repurchase program[5] - The total cost to repurchase shares in the three months ended December 31, 2024, was $4.42 million, with an average price paid per share of $33.59[20] - As of December 31, 2024, there is $229.6 million remaining under the share repurchase program[21] - The company incurred stock compensation expenses of $2.87 million for the three months ended December 31, 2024, compared to $3.92 million in the same period of 2023[17] Cash Flow Activities - The company reported a net cash used in operating activities of $7.70 million for the three months ended December 31, 2024, compared to a net cash provided of $33.64 million in the same period of 2023[17] - The net cash used in investing activities for the three months ended December 31, 2024, was $1.72 million, compared to $4.54 million in the same period of 2023[17] - The cash paid for taxes during the three months ended December 31, 2024, was $0.17 million, compared to no taxes paid in the same period of 2023[18] - The cash paid for operating leases during the three months ended December 31, 2024, was $0.53 million, slightly down from $0.58 million in the same period of 2023[18] Strategic Initiatives - Anterix initiated a strategic review process in February 2025 after receiving inbound interest in the company[9] - The company has a projected operating expenses run rate reduction of approximately 20% planned for fiscal 2026[9] - Anterix has approximately $3 billion in a pipeline of prospective contract opportunities across over 60 potential customers[9] Gains and Losses - The company reported a gain on disposal of intangible assets of $20.75 million for the three months ended December 31, 2024[17]

WOODLAND PARK, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced its third quarter fiscal 2025 results and filed its Form 10-Q for the three and nine months ended December 31, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix’s website at https://investors.anterix.com/Q32025. Financial and Operational Highlights Tom Kuhn appointed as Executive Chairman of the Board following the retirement of Morgan O’BrienIndustry engagement ...

Shares of wireless communications company Anterix Inc. ATEX are surging on Tuesday.The company has appointed Morgan Stanley & Co. LLC as its financial advisor to guide a formal strategic review after receiving inbound interest in the company.This step is in reaction to the rising demand for private wireless broadband in the utility sector. Anterix intends to leverage this growing demand, especially from utilities looking for dependable broadband solutions.Anterix is prioritizing the industry’s increasing de ...

WOODLAND PARK, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) announced today that after receiving inbound interest in the Company, it has engaged Morgan Stanley & Co. LLC (“Morgan Stanley”) as its financial advisor to support a formal strategic review process for the Company to capitalize on the growing demand and urgency for private wireless broadband solutions for the utility industry. Additionally, as the recognized market leader in the private wireless broadband space for utilities, Ant ...

Core Viewpoint - Anterix will hold a conference call on February 12, 2025, to discuss its third quarter fiscal 2025 results, with a press release to be issued on February 11, 2025 [1] Company Overview - Anterix partners with utilities and technology companies to utilize 900 MHz broadband for modernizing grid solutions, leading an ecosystem of over 100 members [3] - The company is the largest holder of licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, enabling private wireless broadband solutions for advanced communications [3] - Anterix aims to support a cleaner, safer, and more secure energy future through its utility-first solutions [3] Conference Call Details - Participants must pre-register to join the live Q&A session and are advised to connect at least 10 minutes early [2] - The call will be webcast live and accessible on Anterix's Investor Relations website, with a replay available afterward [2]

Company Overview - Anterix (ATEX) shares increased by 11.4% to $30.99 in the last trading session, following a higher-than-average trading volume, contrasting with an 8.7% loss over the past four weeks [1] Demand and Market Expansion - Anterix is experiencing rising demand for its broadband solutions across various sectors, including energy and transportation. The Lower Colorado River Authority plans to acquire an additional 900 MHz spectrum wireless broadband licenses to support growth initiatives in Texas [2] Regulatory Developments - The FCC has approved a Notice of Proposed Rulemaking to modify existing 900 MHz broadband rules, allowing the broadband segment to expand from 3/3 MHz to 5/5 MHz. This expansion is essential to meet the growing demand for private wireless broadband networks in the utility sector and other critical infrastructure [3] Financial Performance Expectations - Anterix is projected to report a quarterly loss of $0.57 per share, reflecting a year-over-year decline of 3.6%. Revenue is expected to reach $1.64 million, marking a 29.1% increase from the previous year [4] Earnings Estimates and Stock Performance - The consensus EPS estimate for Anterix has remained unchanged over the last 30 days. Typically, a stock's price does not continue to rise without trends in earnings estimate revisions, indicating the need to monitor ATEX for potential future strength [5] Industry Context - Anterix operates within the Zacks Communication - Infrastructure industry. IHS Holding (IHS), another company in the same sector, closed 0.6% higher at $3.21, with a 3.6% return over the past month [5]

Industry and Regulatory Developments - A coalition of utilities, trade associations, and Anterix expressed gratitude to the FCC for proposing modifications to the 900 MHz rules, which would expand the broadband segment from 3 MHz by 3 MHz to 5 MHz by 5 MHz [1] - The FCC's proposed rulemaking (NPRM) aims to address growing demand for wide-area, private, and secure wireless broadband networks for utilities, critical infrastructure, and business enterprises [2] - The expansion of the 900 MHz band to 5/5 MHz broadband is seen as a critical step in supporting the evolution of the electric grid and enabling private LTE networks for utilities [3] Industry Adoption and Benefits - Enterprise organizations across 15 states are already deploying modern wireless 900 MHz broadband networks to meet evolving communication needs [3] - The proposed 5/5 MHz broadband option is expected to provide utilities with additional capacity to support grid modernization, advanced network design, and enhanced cybersecurity [3] - The expanded spectrum allocation is anticipated to offer significant advantages over the current 3/3 MHz broadband, including the ability to handle increased data volumes from utility applications [3] Company-Specific Insights - Anterix, as the largest holder of licensed spectrum in the 900 MHz band, is uniquely positioned to enable private wireless broadband solutions for utilities [5] - The company leads an ecosystem of over 100 members, offering utility-first solutions to modernize the grid and address current challenges [5] - Anterix's partnership with utilities and technology companies aims to support cutting-edge communications capabilities for a cleaner, safer, and more secure energy future [5]

NEW YORK, Jan. 13, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Anterix Inc. (NASDAQ: ATEX) on behalf of the company's shareholders. The investigation seeks to determine whether Anterix's directors breached their fiduciary duties in connection with recent corporate actions.If you are a shareholder of Anterix Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/anterix-inc/You ...