Anterix(ATEX)2020-02-20 02:27Financial Data and Key Metrics Changes - The company reported a net loss of 0.52 per share for the third fiscal quarter ending December 31, 2019, compared to a net loss of 0.57 per share for the same quarter in the previous year [33] - The cash position remains strong, with 7 million, aligning with expectations [34] Business Line Data and Key Metrics Changes - The company has seen a growing customer pipeline, with five experimental licenses for 900 megahertz broadband granted by the FCC for various market pilots and initial network deployments [19] - A large state-owned public power utility has applied for an experimental license to pilot use cases for digital grid modernization [20] Market Data and Key Metrics Changes - The FCC is nearing a decision on the 900 megahertz proceeding, which is expected to facilitate the deployment of private LTE networks for utilities [31] - The company is actively engaging with over 200 incumbents regarding the 900 megahertz spectrum, with varying levels of awareness and interest in the proposal [62] Company Strategy and Development Direction - The company aims to capitalize on the growing momentum of its 900 megahertz offering and expects continued adoption of private LTE networks across industries [30] - The company is focused on operational readiness and spectrum clearing as key areas of focus moving forward [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the FCC's support for the 900 megahertz broadband item, indicating that it enjoys wide support and is nearing resolution [10] - The management highlighted the importance of the upcoming FCC order for driving customer confidence and enabling transactions [49] Other Important Information - The company has established a strategic agreement with EWA to leverage resources for reaching out to incumbents and facilitating spectrum clearing [11] - The National Cybersecurity Center of Excellence is collaborating with the company to mitigate cyber attacks on critical infrastructure, which is expected to result in a published practice guide by the end of the year [23] Q&A Session Summary Question: Are there any changes to the licensing six to 11 utilities by 2024? - Management indicated that there is a rising tide of interest from utilities, and they are on track to meet their goals [36][37] Question: Will there be a delay in cash received or revenues recognized until spectrum is cleared? - Management stated it will be a case-by-case basis depending on the contracts signed with respective customers [38][39] Question: Is the C-band proceeding affecting the timeline for the 900 megahertz proceeding? - Management confirmed that the C-band proceeding is complex, and its resolution would allow the wireless bureau to focus on the 900 megahertz proceeding [41][42] Question: What has been the response from the 200 incumbents contacted? - The response has varied widely, with some being unaware of the company and others showing a deep understanding of the proposal [62] Question: What is the nature of the pipeline growth? - The pipeline growth includes a variety of engagements, including RFPs and discussions with utilities, indicating a collective effort among utilities to learn from each other [64]