Earnings ·
Anterix reports Q2 FY27 net loss of $4.9M and records $6.1M gain on spectrum license exchange
ATEXAnterix Inc.
Anterix Inc. reported a second quarter fiscal 2027 net loss of $4,993,000, or $0.25 per share, compared to net income of $53,536,000 in the prior year period. The company recorded a $6.1 million gain from exchanging narrowband for broadband licenses in six counties and recognized spectrum revenue of $1,958,000. Operating expenses increased to $13,760,000, while cash and cash equivalents stood at $107,467,000 with no debt. The company has an authorized share repurchase program for up to $250 million remaining through September 2029. Anterix operates in the utility sector as a market leader in mission-critical private wireless broadband spectrum.