Anterix Inc. Reports First Quarter Fiscal Year 2026 Results

Core Insights - Anterix reported its first quarter fiscal 2026 results, highlighting financial performance and operational updates [1][2] Financial and Operational Highlights - Spectrum revenue for the three months ended June 30, 2025, was $1.418 million, a decrease from $1.525 million in the same period of 2024 [13] - Operating expenses totaled $13.806 million, down from $16.630 million year-over-year [13] - The company recorded a net income of $25.180 million, compared to a net loss of $15.524 million in the prior year [13] - The gain on exchange of intangible assets was $33.916 million, while the gain on sale of intangible assets was $961,000 [13] Liquidity and Balance Sheet - As of June 30, 2025, Anterix had no debt and cash and cash equivalents of $41.432 million, with an additional restricted cash balance of $7.145 million [3][10] - The company has a share repurchase program authorized for up to $250 million, with $227.7 million remaining as of June 30, 2025 [3][20] Contractual and Pipeline Updates - Anterix has approximately $137 million of contracted proceeds outstanding, with over $10 million received during the first fiscal quarter [7] - The company expects to receive approximately $70 million during the remainder of fiscal 2026 [7] - Anterix is advancing a pipeline of approximately $3 billion in prospective contract opportunities across more than 60 potential customers [7] Conference Call Information - Anterix's senior management will hold a conference call on August 13, 2025, to provide a business update [4]