Earnings ·
Anterix reports Q1 net income of $240,000 and records $10.7 million gain from license exchanges
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.