Earnings ·
Anterix Inc. reported first quarter fiscal 2027 financial results for the period ended June 30, 2026
ATEXAnterix Inc.
Anterix Inc. reported first quarter fiscal 2027 financial results for the period ended June 30, 2026. The company generated $1.958 million in spectrum revenue and recorded a net income of $240,000, or $0.01 per diluted share. Key operational highlights include receiving over $15.7 million from customers, with approximately $33.1 million in contracted proceeds outstanding and an additional $9.6 million expected later in the fiscal year. Anterix also sold a 10 MHz 900 MHz spectrum license to Benton PUD for $0.8 million and exchanged narrowband for broadband licenses in six counties, resulting in a $10.7 million gain. The company invested $6.7 million in spectrum clearing costs. As of June 30, 2026, Anterix held $116.0 million in cash and cash equivalents with no debt. Anterix Inc. operates in the telecommunications infrastructure industry, providing mission-critical private wireless broadband spectrum solutions for the utility sector.