WOODLAND PARK, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ:ATEX) and the Lower Colorado River Authority announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA's ability to support future growth in Texas. This agreement builds upon LCRA's initial purchase of 900 MHz licenses from Anterix announced in April 2023. Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colora ...

The Zacks Communication - Infrastructure industry appears mired in burgeoning capital expenditures for infrastructure upgrades, unpredictable raw material prices owing to Middle East geopolitical tensions, supply-chain disruptions amid the prolonged Russia-Ukraine war and high customer inventory levels. However, the industry is expected to benefit in the long run from an increasing user propensity to stay abreast of the latest digital innovations.Against this backdrop, IHS Holding Limited (IHS) and Anterix ...

WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) ("the Company") announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1st, as the end of 2024 marks the anticipated retirement of Morgan O'Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O'Brien will continue as an advisor."Anterix and our nation's utilities have benefited greatly from Morgan's tremendous leadership and counsel dur ...

Group 1 - Anterix's COO Ryan Gerbrandt will participate in a panel discussion on the 900 MHz private wireless broadband revolution and its impact on utilities' infrastructure transformation on December 5, 2024 [1] - Anterix's Vice Chairman Tom Kuhn will deliver a keynote address on strategic challenges and opportunities for utilities at the symposium on December 4, 2024 [2] - Anterix will host one-on-one meetings with interested investors during the event, encouraging engagement with potential investors [2] Group 2 - Anterix partners with utilities and technology companies to leverage 900 MHz broadband for modernized grid solutions, leading an ecosystem of over 100 members [3] - The company holds the largest licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, positioning itself to enable private wireless broadband solutions [3] - Anterix aims to support advanced communications capabilities for a cleaner, safer, and more secure energy future [3]

Anterix, Inc. (NASDAQ:ATEX) Q2 2025 Earnings Conference Call November 14, 2024 9:00 AM ET Company Participants Natasha Vecchiarelli - VP, IR & Corporate Communications Scott Lang - President and CEO Tim Gray - CFO Ryan Gerbrandt - COO Chris Guttman- McCabe - Chief Regulatory & Communications Officer Conference Call Participants George Sutton - Craig Hallum Mike Crawford - B. Riley Operator Good morning and welcome to the Anterix Fiscal Year 2025 Second Quarter Earnings Call. All participants will be in list ...

Anterix (ATEX) came out with a quarterly loss of $0.69 per share versus the Zacks Consensus Estimate of a loss of $0.59. 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 -16.95%. A quarter ago, it was expected that this wireless communications company would post a loss of $0.45 per share when it actually produced a loss of $0.84, delivering a surprise of -86.67%.Over the last four quarters, the co ...

Financial Performance - Spectrum revenue for the three months ended September 30, 2024, was $1,551,000, compared to $1,052,000 for the same period in 2023, representing a 47.4% increase[13] - Net loss for the three months ended September 30, 2024, was $(12,766,000), compared to a net income of $2,073,000 for the same period in 2023[13] - Operating expenses for the three months ended September 30, 2024, were $14,681,000, slightly up from $14,571,000 in the same period last year, an increase of 0.8%[13] - Interest income for the three months ended September 30, 2024, was $585,000, compared to $396,000 for the same period in 2023, an increase of 47.7%[13] - The company experienced a net loss of $12,766,000 for the quarter ending September 30, 2024, compared to a net loss of $28,290,000 for the six months ending September 30, 2023[20] - Basic net loss per common share for the three months ended September 30, 2024, was $(12,766,000), compared to net income of $2,073,000 for the same period in 2023[61] - Net loss for the six months ended September 30, 2024 increased by approximately $28.2 million to $28.3 million from $45 thousand for the same period in 2023[90] Assets and Liabilities - Total current assets decreased from $73,011,000 as of March 31, 2024, to $56,774,000 as of September 30, 2024, a decline of 22.2%[10] - Cash and cash equivalents decreased from $60,578,000 as of March 31, 2024, to $43,129,000 as of September 30, 2024, a decrease of 28.8%[10] - The company reported a contingent liability of $25,000,000 as of September 30, 2024, up from $15,000,000 as of March 31, 2024[10] - Total liabilities increased from $163,862,000 as of March 31, 2024, to $178,174,000 as of September 30, 2024, an increase of 8.7%[10] - The company’s accumulated deficit increased from $(372,173,000) as of March 31, 2024, to $(402,490,000) as of September 30, 2024[10] - Cash and cash equivalents at the end of the period on September 30, 2024, were $50,737,000, a decrease from $68,124,000 at the beginning of the period[21] Stock and Equity - As of September 30, 2024, Anterix Inc. reported a total stockholders' equity of $139,063,000, down from $161,032,000 as of March 31, 2024, reflecting a decrease of approximately 13.6%[15] - The company had a total of 18,618,000 shares outstanding as of September 30, 2024, an increase from 18,453,000 shares as of March 31, 2024[15] - The Company has $234.0 million remaining under the share repurchase program as of September 30, 2024[58] - The average price paid per share for repurchases during the six months ended September 30, 2024, was $32.47, with a total cost of $2,027,000[57] Revenue and Deferred Revenue - Total spectrum revenue for the three months ended September 30, 2024, was $1,551 million, a 47.4% increase from $1,052 million in the same period of 2023[26] - Contract liabilities increased to $126,627 thousand as of September 30, 2024, compared to $80,265 thousand in the same period of 2023, reflecting a significant growth in advanced consideration received[31] - Revenue allocated to remaining performance obligations was $184.3 million as of September 30, 2024, to be recognized over the remaining contract terms up to 30 years[33] - The Company recorded a deferred revenue of $4,415,000 for the six months ending September 30, 2024, down from $19,506,000 for the same period in the previous year[20] - The company recorded $67.1 million in deferred revenue related to prepayments received under the Xcel Energy Agreement as of September 30, 2024[68] Expenses - Anterix Inc. reported stock compensation expenses of $3,408,000 for the quarter ending September 30, 2024, compared to $7,754,000 for the same period in the previous year[20] - Product development expenses rose by $0.6 million, or 55%, to $1.8 million for the three months ended September 30, 2024, primarily due to higher headcount and IT-related costs[87] - Sales and support expenses increased by $0.6 million, or 24%, to $3.2 million for the six months ended September 30, 2024, mainly due to higher headcount costs and fees related to the Oncor Agreement[92] - Product development expenses rose by $1.3 million, or 59%, to $3.5 million for the six months ended September 30, 2024, driven by higher consulting fees, headcount costs, and IT expenses[91] Cash Flow - The company reported a cash flow used in operating activities of $5,009,000 for the six months ending September 30, 2024, compared to a cash flow provided of $2,213,000 for the same period in the previous year[20] - Net cash used in operating activities was approximately $5.0 million for the six months ended September 30, 2024, primarily due to an operating loss and changes in accounts payable[98] - Net cash used in investing activities was $10.9 million for the six months ended September 30, 2024, compared to net cash provided of $14.9 million for the same period in 2023[100] - Net cash used in financing activities was $1.4 million for the six months ended September 30, 2024, down from $11.8 million in the same period in 2023[102] Market and Economic Conditions - The company is closely monitoring macroeconomic conditions, including inflation, which may adversely affect its commercialization efforts and financial condition[70] - Inflationary factors have increased certain operating expenses, potentially harming commercialization efforts and revenues[115] - The company continues to monitor market risk exposure, including impacts from health pandemics and macroeconomic volatility[116]

Anterix Inc. Reports Second Quarter Fiscal Year 2025 Results Woodland Park, NJ – November 13, 2024 – Anterix (NASDAQ: ATEX) today announced its second quarter fiscal 2025 results and filed its Form 10-Q for the three and six months ended September 30, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at https://www.investors.anterix.com/Q22025/. "Our results in the second quarter of fiscal 2025 reflect Anterix's strong market positioning and co ...

ATEX Announces Closing of Strategic Investment by Agnico Eagle and Final Settlement of Credit FacilityNovember 01, 2024 5:16 PM EDT | Source: ATEX Resources Inc.Toronto, Ontario--(Newsfile Corp. - November 1, 2024) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce the closing of the previously announced US$40 million strategic investment by Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico") on a private placement basis ("Offering"), the concurrent set ...

Stock Symbol: AEM (NYSE and TSX)TORONTO, Oct. 25, 2024 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has agreed to subscribe for 33,869,939 units ("Units") of ATEX Resources Inc. (TSXV: ATX) ("ATEX") in a non-brokered private placement at a price of C$1.63 per Unit for total consideration of US$40,000,000 (approximately C$55,208,000). Each Unit is comprised of one common share of ATEX (a "Common Share") and one-half of one common share purchase war ...