Anterix Inc
NASDAQ:ATEX
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Anterix Inc
Anterix, Inc. operates as a wireless communications company. The company is headquartered in Woodland Park, New Jersey and currently employs 68 full-time employees. The company went IPO on 2015-02-03. The company holds a licensed spectrum in the 900 megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico. The firm is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises including communications platforms. The company owns licenses of the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The firm is positioned to enable the private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.
Anterix, Inc. operates as a wireless communications company. The company is headquartered in Woodland Park, New Jersey and currently employs 68 full-time employees. The company went IPO on 2015-02-03. The company holds a licensed spectrum in the 900 megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico. The firm is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises including communications platforms. The company owns licenses of the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The firm is positioned to enable the private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.
Spectrum Monetization: Anterix continues to successfully monetize its 900-megahertz spectrum, with recent deals and license exchanges driving significant gains.
Record Gains: The company reported a record $71 million in one-time gains this quarter from spectrum license exchanges and sales.
Raised Cash Proceeds Guidance: Management increased projected cash proceeds for fiscal 2026 to $100 million, up from the previous $80 million outlook.
Strong Balance Sheet: Anterix ended the quarter with $39 million in cash and no debt, and expects $114 million in contracted proceeds to be received.
New Offerings: The launch of TowerX and CatalyX is expected to tap into a roughly $1 billion annual market opportunity in utility infrastructure.
Clearing Progress: Over 85% of spectrum incumbents have been cleared, enabling FCC licensing on 90% of US counties.
Customer Pipeline: The company is advancing contract negotiations with large utility customers and continues to deepen relationships with both existing and prospective clients.
