Anterix Inc
NASDAQ:ATEX
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Anterix Inc
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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.
Cost Discipline: Operating expenses were cut by 20%, making the company leaner and more financially disciplined.
Profitability Milestone: Anterix is positioned for its first year ever of positive net income under GAAP.
Commercial Progress: The CPS Energy agreement is a $13 million contract, with 50% of the payment upfront and the rest due at the end of fiscal 2027.
Cash & Guidance: Cash proceeds guidance for the fiscal year was raised to $120 million from $100 million.
Product Expansion: New products and the Anterix Accelerator program are expected to increase recurring revenue and reduce deployment friction for utilities.
Regulatory Momentum: The company is optimistic about favorable FCC action enabling broadband deployment across the full 10 MHz of its spectrum.
Market Leadership: Anterix has 8 flagship customers totaling $400 million in contract value and covers over 93% of Texas counties.
Strong Balance Sheet: The company has approximately $30 million in cash and zero debt.
