Anterix Inc. Reports Third Quarter Fiscal Year 2026 Results

Core Insights - Anterix reported its third quarter fiscal 2026 results, highlighting financial performance and operational updates [1] Financial and Operational Highlights - Spectrum revenue for the three months ended December 31, 2025, was $1.573 million, slightly up from $1.566 million in the same period of 2024 [12] - For the nine months ended December 31, 2025, spectrum revenue totaled $4.543 million, down from $4.642 million in the prior year [12] - Operating expenses for the third quarter were $11.768 million, a decrease from $15.287 million year-over-year [12] - The net loss for the third quarter was $6.601 million, compared to a net income of $7.710 million in the same quarter of 2024 [12] Liquidity and Balance Sheet - As of December 31, 2025, Anterix had no debt and cash and cash equivalents of $29.5 million, with an additional restricted cash balance of $8.4 million [3] - The company has a share repurchase program authorized for up to $250 million, with $226.7 million remaining as of December 31, 2025 [3][19] Strategic Developments - Anterix has approximately $123 million of contracted proceeds outstanding, with over $80 million expected to be received in the fourth quarter of fiscal 2026 [6] - The company has a pipeline of approximately $3 billion in prospective contract opportunities across more than 60 potential customers [6] - On January 27, 2026, the FCC announced a vote to expand the 900 MHz broadband allocation from 6 MHz to 10 MHz, which is expected to enhance private wireless broadband capabilities for utilities [6] Conference Call Information - Anterix's senior management will hold a conference call on February 12, 2026, to provide a business update [4]