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Anterix Inc. Reports Full Fiscal Year 2025 Results
Globenewswire· 2025-06-24 20:30
Core Viewpoint - Anterix announced its fiscal 2025 fourth quarter and full year financial results, highlighting significant operational developments and financial metrics [1]. Full Year FY2025 Financial and Operational Highlights - Spectrum revenue for the year ended March 31, 2025, was $6.031 million, an increase from $4.191 million in the previous year, representing a growth of 43.9% [14]. - The company reported a net loss of $11.372 million for the fiscal year, compared to a loss of $9.128 million in the prior year [14]. - Total assets as of March 31, 2025, were $333.104 million, up from $324.894 million a year earlier [12]. Fourth Quarter FY2025 Financial Highlights - In the fourth quarter, spectrum revenue was $1.389 million, compared to $1.260 million in the same quarter of the previous year, marking a 10.2% increase [14]. - The net income for the fourth quarter was $9.208 million, a significant recovery from a net loss of $9.411 million in the same quarter of the previous year [14]. - Operating expenses for the fourth quarter were $12.237 million, down from $13.755 million year-over-year [15]. Liquidity and Balance Sheet - As of March 31, 2025, Anterix had no debt and cash and cash equivalents of $47.4 million, down from $60.578 million a year earlier [4][11]. - The company had a restricted cash balance of $7.7 million in escrow deposits [4]. - The total stockholders' equity was $156.601 million, a decrease from $161.032 million in the previous year [12]. Share Repurchase Program - Anterix has an authorized share repurchase program for up to $250 million, with $227.7 million remaining as of March 31, 2025 [5][21]. - In the fourth quarter, the company repurchased shares totaling $1.955 million, and for the full fiscal year, the total was $8.398 million [5][21]. Strategic Developments - The company executed new spectrum sale agreements totaling $116 million with Oncor Electric Delivery Company and Lower Colorado River Authority [7]. - Anterix launched the AnterixAccelerator™ initiative to promote utility adoption of private broadband networks, which is currently oversubscribed [7]. - The company has a pipeline of approximately $3 billion in prospective contract opportunities across over 60 potential customers [7].
Seeking China Exposure? Use This Zacks Screen
ZACKS· 2025-06-11 01:21
Group 1: Investment Themes - Zacks Thematic Screens offers insights into 30 dynamic investment themes, including technology, renewable energy, and healthcare innovations [1][10] - The China Technology theme focuses on China-based technology companies listed on the U.S. stock market, covering sectors like Internet services, e-commerce, and online gaming [5][3] Group 2: China Technology Sector - The China Technology sector is characterized by companies that are leaders in their fields, aiming to reduce reliance on Western technology amid Sino-U.S. trade tensions [3][4] - Recent U.S. restrictions on high-tech exports have prompted China to accelerate self-sufficiency efforts in critical industries, enhancing its position in technology [4] Group 3: NetEase Performance - NetEase (NTES) is highlighted as a top-ranked stock within the China Technology screen, benefiting from strong quarterly results and a favorable EPS outlook [2][6] - The company reported a 7% year-over-year revenue growth in its latest quarter, driven by popular games like Marvel Rivals [8][7]
Inseego (INSG) - 2024 Q4 - Earnings Call Transcript
2025-02-20 00:46
Inseego Corp. (NASDAQ:INSG) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Juho Sarvikas - CEO Steven Gatoff - CFO Conference Call Participants Scott Searle - ROTH Capital Lance Vitanza - TD Cowen Tore Svanberg - Stifel Operator Hello, and welcome to Inseego Corp's Fourth Quarter and Full Year 2024 Financial Results Conference Call. Please note that today's event is being recorded. All participants today will be in a listen-only mode. [Operator Instructions] After today's ...