Core Insights - The communication services sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Company Summaries - **Fubotv Inc (FUBO)**: Reported a revenue of $405.96 million for the quarter, an 8.1% year-over-year increase, but missed the analyst consensus estimate of $415.45 million. The stock fell approximately 20% in the past five days, with a 52-week low of $1.10. The RSI value is 26.9, and shares closed at $2.42, down 17.4% [7] - **Cable One Inc (CABO)**: Announced disappointing first-quarter results, with a significant drop in residential data subscribers. The stock decreased around 43% over the past five days, reaching a 52-week low of $150.00. The RSI value is 12.2, and shares closed at $152.51, down 42.4% [7] - **Anterix Inc (ATEX)**: Launched the AnterixAccelerator initiative with an investment of up to $250 million. The stock fell about 9% over the past month, with a 52-week low of $27.37. The RSI value is 28.6, and shares closed at $29.84, down 0.4% [7]

Core Insights - Anterix is collaborating with major companies like Ericsson, GE Vernova, and Nokia to enhance the deployment of 900 MHz private wireless networks for utilities, offering bundled services to accelerate adoption [1][2][3] - The AnterixAccelerator initiative aims to facilitate the digital transformation of the power grid, with participation from over 15 leading utilities and members of the Anterix Active Ecosystem [2][3] Company Overview - Anterix is the largest holder of licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, positioning itself to provide private wireless broadband solutions for modernized grid applications [5] - The company leads an ecosystem of more than 100 members focused on utility-first solutions to address current challenges faced by utilities [5] Industry Impact - The collaboration is seen as a significant step towards a smarter and more connected energy future, enhancing the resilience and sustainability of utility operations [3] - The initiative supports utilities in modernizing their communication infrastructure, which is critical for integrating advanced technologies and improving operational reliability [3]

Industry Overview - The Zacks Communication - Infrastructure industry is benefiting from increased user demand for digital innovations, leading to fiber densification and extensive 5G deployment [1] - Industry players provide various infrastructure solutions for communication networks, including high-speed network access solutions and fiber-to-home equipment [3] Current Trends - Network convergence is a key trend, with operators combining voice, video, and data communications into a single network, which minimizes service delivery costs and expands coverage [4] - There is a focus on higher average revenue per user as firms transition from legacy systems to technology-driven models, enhancing customer service and data traffic management [6] Challenges - High capital expenditures for infrastructure upgrades and soaring raw material prices due to geopolitical tensions are significant threats to the industry [1][5] - Supply chain disruptions from the Russia-Ukraine war and high customer inventory levels are also impacting operations [1] Market Performance - The Zacks Communication - Infrastructure industry has outperformed the broader Zacks Computer and Technology sector and the S&P 500, with a growth of 60.2% over the past year compared to 10.6% for the S&P 500 [10] - The industry currently trades at a trailing 12-month EV/EBITDA of 3.48X, significantly lower than the S&P 500's 17.08X and the sector's 16.28X [12] Notable Companies - IHS Holding Limited operates over 40,000 towers across 11 markets and has seen a stock gain of 36.4% in the past year, with upward revisions in earnings estimates [15] - Anterix Inc. holds the largest licensed spectrum in the 900 MHz band and has experienced an 11.3% stock gain over the past year, with significant upward revisions in earnings estimates [17]

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Anterix (ATEX) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Anterix is one of 604 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. ...

Core Insights - Anterix has launched the AnterixAccelerator initiative with an investment of up to $250 million to support utilities in deploying 900 MHz private LTE networks, reflecting a strong commitment to enhancing private wireless broadband in the utility sector [1][2] - The initiative has garnered significant interest from over 15 utilities and current Anterix customers, indicating a pressing need for reliable and scalable private networks [1] - Anterix holds a unique position in the market with extensive expertise, a valuable 900 MHz spectrum asset, and a robust ecosystem of over 120 technology and solution providers, which positions the company to lead in making private wireless networks more accessible for utilities [2][3] Company Positioning - Anterix is recognized as the market leader in private wireless broadband, with seven leading utility customers and nearly $400 million in contracts for deploying 900 MHz private wireless broadband networks [3] - The company has zero debt, which strengthens its financial position and ability to accelerate technological evolution in the utility industry [3] - Anterix's extensive partnerships with leading utilities and technology companies aim to modernize grid solutions and address current challenges faced by utilities [4] Industry Context - The utility sector is increasingly recognizing the importance of private wireless networks for enhancing communication systems, which is critical for modernizing infrastructure [2][4] - Anterix's leadership in the 900 MHz spectrum band positions it uniquely to support advanced communications capabilities, contributing to a cleaner and more secure energy future [4]

Financial Data and Key Metrics Changes - Anterix reported an incremental cash increase of $34 million due to strategic initiatives with select customers, received at the end of January [32] - The company has approximately $29 million in cash on its balance sheet as of December 31, 2024, and is scheduled to receive roughly $80 million during the fiscal year ending March 31, 2026 [33] - A 20% reduction in operational expenses has been identified, enhancing efficiency and increasing cash flows [34] Business Line Data and Key Metrics Changes - The company announced a $13.5 million expansion agreement with the Lower Colorado River Authority, extending broadband coverage to 102 counties in Texas [7] - The total coverage across 15 states where Anterix has contracted with utilities now exceeds that of US Cellular [8] Market Data and Key Metrics Changes - Anterix has signed contracts to deploy 900 megahertz private wireless broadband networks valued at nearly $400 million, with a strong pipeline of opportunities [24][106] - The company is positioned to serve a significant portion of the U.S. population, with previous deals covering approximately 43 million people [61] Company Strategy and Development Direction - Anterix aims to lead the private wireless broadband market for utilities, focusing on expanding its ecosystem and partnerships [17][19] - The company has launched a strategic review process with Morgan Stanley to explore opportunities that will accelerate growth [23] - Anterix is committed to delivering value to shareholders and customers while improving operational efficiency [10][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's business strategy and the potential for aggressive pricing and new contracts [11] - The leadership emphasized the urgency and interest from utilities to adopt private broadband solutions, driven by successful use cases [50][114] - The company is optimistic about the future, citing a strong financial position and a robust pipeline of contracts [24][106] Other Important Information - Anterix has returned approximately $4 million to shareholders through its share repurchase program in the third quarter [11] - The FCC has proposed a rulemaking to expand the 900 megahertz broadband segment from a three by three configuration to a five by five configuration, which is seen as a significant milestone [27][28] Q&A Session Summary Question: What is the genesis of external interest in Anterix? - Management believes the interest stems from the company's large ecosystem, successful customer deployments, and the pathway to five by five spectrum [41] Question: What motivates utilities to move quicker in adopting private broadband? - Management noted that successful use cases and performance from existing customers are driving urgency among utilities to adopt these solutions [50] Question: How should investors think about CapEx and the value of the deal pipeline? - Management indicated that the current contracts represent a small fraction of the total potential value, with significant room for growth as more utilities adopt the technology [106][107]

Core Insights - Anterix reported a quarterly loss of $0.46 per share, better than the Zacks Consensus Estimate of a loss of $0.57, and an improvement from a loss of $0.55 per share a year ago, resulting in an earnings surprise of 19.30% [1] - The company generated revenues of $1.57 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.51%, but showing an increase from $1.27 million year-over-year [2] - Anterix shares have declined approximately 7% year-to-date, contrasting with the S&P 500's gain of 3.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.55 on revenues of $1.64 million, and for the current fiscal year, it is -$2.65 on revenues of $6.36 million [7] - The estimate revisions trend for Anterix is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Communication - Infrastructure industry, to which Anterix belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Bandwidth, another company in the same industry, is expected to report quarterly earnings of $0.38 per share, with revenues projected to be $203.49 million, reflecting a 23% increase from the previous year [9][10]

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]

Core Insights - Anterix reported its third quarter fiscal 2025 results, highlighting financial performance and operational updates [1] Financial and Operational Highlights - Spectrum revenue for the three months ended December 31, 2024, was $1.566 million, an increase from $1.271 million in the same period of 2023, representing a 23.2% growth [14] - For the nine months ended December 31, 2024, spectrum revenue reached $4.642 million, up from $2.931 million in 2023, marking a 58.4% increase [14] - Operating expenses for the third quarter were $15.287 million, compared to $14.068 million in the prior year [14] - The company reported a net income of $7.710 million for the third quarter, a significant increase from $328,000 in the same quarter of 2023 [14] Liquidity and Balance Sheet - As of December 31, 2024, Anterix had cash and cash equivalents of $28.8 million and no debt [3] - The company also held a restricted cash balance of $7.6 million in escrow deposits [3] - Total assets amounted to $326.679 million, with total liabilities at $181.934 million, resulting in stockholders' equity of $144.745 million [12] Share Repurchase Program - Anterix has an authorized share repurchase program for up to $250 million, with $229.6 million remaining as of December 31, 2024 [4][19] - In the fiscal third quarter of 2025, the company repurchased shares worth $4.4 million [4] Strategic Initiatives - The company initiated a strategic review process in February 2025 following inbound interest, aiming to explore potential opportunities [8] - Anterix is engaged in an industry initiative to accelerate private wireless broadband opportunities [8] - The company has a projected operating expenses run rate reduction of approximately 20% planned for fiscal 2026 [8] Conference Call Information - Anterix's senior management will hold a conference call on February 12, 2025, to provide a business update [5]