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Anterix(ATEX) - 2024 Q4 - Earnings Call Transcript
2024-06-28 16:57
Anterix Inc. (NASDAQ:ATEX) Q4 2024 Earnings Conference Call June 27, 2024 9:00 AM ET Company Participants Natasha Vecchiarelli - VP, IR & Corporate Communications Rob Schwartz - President and CEO Ryan Gerbrandt - COO Chris Guttman-McCabe - Chief Regulatory & Communications Officer Tim Gray - CFO Conference Call Participants George Sutton - Craig-Hallum Capital Group LLC Joseph Galone - LightShed Ventures Griffin Boss - B. Riley Securities Operator Good morning, everyone, and welcome to the Anterix Fiscal 2 ...
Anterix (ATEX) Spectrum Powers Oncor's Private Wireless Network
ZACKS· 2024-06-27 16:46
Core Insights - Anterix Inc. signed a $102.5 million agreement with Oncor Electric Delivery Company to acquire 900 MHz broadband spectrum for a private wireless broadband network [1][2] - The agreement aims to enhance Oncor's communication capabilities, improving grid awareness and operational intelligence [1] - Anterix's partnership with Oncor highlights the advantages of private LTE technology in the utility sector [1][2] Company Overview - Anterix is a premier wireless communications firm headquartered in Woodland Park, NJ, holding the largest licensed spectrum in the 900 MHz band across the U.S., Alaska, Hawaii, and Puerto Rico [3] - The company aims to monetize its spectrum assets to generate long-term value, particularly through collaborations with utilities managing complex systems [3] Industry Context - Oncor operates the largest electricity transmission and distribution system in Texas, serving over 4 million homes and businesses [2] - The collaboration is expected to bolster energy resilience and reliability within the Electric Reliability Council of Texas market [2] - The agreement includes the assignment of 6 MHz of broadband spectrum across 95 counties in Oncor's service territory, with expected completion by fiscal 2026 [2]
Anterix (ATEX) Reports Q4 Loss, Lags Revenue Estimates
ZACKS· 2024-06-26 23:01
Anterix (ATEX) came out with a quarterly loss of $0.51 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -112.50%. A quarter ago, it was expected that this wireless communications company would post a loss of $0.61 per share when it actually produced a loss of $0.55, delivering a surprise of 9.84%.Over the last four quarters, the com ...
Anterix(ATEX) - 2024 Q4 - Annual Report
2024-06-26 20:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-K ______________________________________________ (Mark one) Title of each class Trading symbol Name of each exchange on which registered Common Stock, $0.0001 par value ATEX The Nasdaq Stock Market LLC (Nasdaq Capital Market) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT ...
Anterix(ATEX) - 2024 Q4 - Annual Results
2024-06-26 20:45
Anterix Reports Fourth Quarter and Full Fiscal Year 2024 Results Woodland Park, NJ – June 26, 2024 – Anterix (NASDAQ: ATEX) today announced its fiscal 2024 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at www.investors.anterix.com/Q42024. Full Year FY2024 Financial Highlights – Yielded positive cash flows primarily due to $106.5 million rec ...
ANTERIX TO RELEASE FOURTH-QUARTER EARNINGS FOR FISCAL 2024, HOLD ANALYST AND INVESTOR CALL
Prnewswire· 2024-06-26 20:45
WOODLAND PARK, N.J., June 26, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) announced today that it will release its fiscal 2024 fourth quarter financial results and file its 10-K for the year ended March 31, 2024, after the close of the market on Wednesday, June 26, 2024.Anterix senior management will hold an analyst and investor conference call to provide a business update and discuss the company's recently announced agreement with Oncor Electric Delivery Company at 9:00 A.M. ET on Thursday, June 27, 2024. ...
Anterix Reports Fourth Quarter and Full Fiscal Year 2024 Results
Prnewswire· 2024-06-26 20:45
WOODLAND PARK, N.J., June 26, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its fiscal 2024 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at http://www.investors.anterix.com/Q42024.Full Year FY2024 Financial HighlightsYielded positive cash flows primarily due to $106.5 million received in contracted cash proceeds from our cust ...
ONCOR JOINS THE 900 MHz PRIVATE WIRELESS NETWORKS MOVEMENT WITH ANTERIX SPECTRUM AGREEMENT
Prnewswire· 2024-06-26 20:05
WOODLAND PARK, N.J., June 26, 2024 /PRNewswire/ -- Anterix (NASDAQ: ATEX) announced today that it has entered into an agreement with Oncor Electric Delivery Company LLC ("Oncor") under which Oncor will acquire 900 MHz broadband spectrum from Anterix necessary to deploy a private wireless broadband network throughout its service territory. The new licenses will enable Oncor to move to next generation broadband for mission-critical data and voice services within Oncor across its service territory. The network ...
Keystone Policy Center Honors Anterix President & CEO Rob Schwartz
Prnewswire· 2024-06-06 11:04
Group 1 - The Keystone Policy Center awarded its 2024 Keystone Leadership Awards to four leaders, including Anterix President & CEO Rob Schwartz, recognizing their contributions to strategic collaboration in addressing policy challenges [1][2] - Anterix is focused on enhancing collaboration with utilities to build secure private communications networks and modernize the electric grid, which is crucial for advancing public interest and addressing contentious policy issues [3][5] - Anterix holds the largest licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, positioning the company to enable private wireless broadband solutions for a more secure energy future [6]
ATEX Announces Grant of Stock Options and RSUs
newsfilecorp.com· 2024-05-27 22:13
Company Announcements - ATEX Resources Inc. has granted 498,487 restricted share units (RSUs) and 430,000 stock options to certain officers, directors, and employees [1] - Each stock option allows the holder to acquire one ATEX common share at an exercise price of CAD$1.43 within a five-year period [1] - Of the granted RSUs, 244,755 are subject to a two-year vesting period, while the remaining 253,732 RSUs will vest over three years [1] Financial Updates - ATEX has received an additional CAD$748,200 from the exercise of common share purchase warrants between May 15, 2024, and May 24, 2024 [1] - During this period, a total of 2,121,000 warrants were exercised [1] Project Overview - ATEX is exploring the Valeriano Copper Gold Project, located within the emerging copper gold porphyry mineral belt known as the Link Belt [2] - The Valeriano project hosts a large copper gold porphyry resource of 1.41 billion tonnes at 0.67% CuEq, which includes a higher-grade core of 200 million tonnes at 0.84% CuEq [2]