M
ME NEWS
25 Jun 2025, 05:48
Anterix Inc. Reports Fiscal Year 2025 Results with Strategic Progress and Strong Cash Position
WOODLAND PARK, NJ – Anterix Inc. (NASDAQ: ATEX) has released its financial results for the fiscal year ended March 31, 2025, highlighting major spectrum agreements, leadership changes, and ongoing strategic initiatives. Full-year revenue rose to $6.0 million, up from $4.2 million in fiscal 2024, driven by progress on license exchanges and spectrum sales.
FY2025 Key Highlights:
Leadership Appointments: Scott Lang was named President and CEO in October 2024, and Thomas Kuhn became Executive Chairman in January 2025.
Major Spectrum Deals: Closed spectrum sale agreements with Oncor ($102.5M) and LCRA ($13.5M), and received milestone payments totaling $52.5M.
Strategic Review: A review process initiated in February 2025 continues amid inbound interest.
FCC Approval: Gained FCC support for expanding 900 MHz broadband spectrum from 3x3 MHz to 5x5 MHz.
Pipeline Growth: Now engaging with over 60 potential utility customers, representing a $3 billion opportunity.
AnterixAccelerator™ Launched: A new initiative to incentivize private broadband adoption, now oversubscribed with $250M in potential incentives.
Q4 FY2025 Financial Highlights:
Net income of $9.2 million, versus a loss of $9.4 million in Q4 FY2024.
Gains include $18.3M from license sales and $2.0M from license exchanges.
Spectrum revenue reached $1.4M, a 10% year-over-year increase.
Operating expenses dropped due to reduced consulting and headcount costs.
Balance Sheet & Liquidity:
Cash and equivalents totaled $47.4 million, plus $7.7 million in escrow.
No debt reported as of March 31, 2025.
Anterix repurchased $8.4 million in stock during FY2025; $227.7 million remains authorized under the current buyback program.
Outlook and Strategy:
Anterix continues to prioritize long-term utility broadband adoption and monetization of its 900 MHz spectrum portfolio. With roughly $147 million in contracted proceeds, $80 million of which is expected in FY2026, the company remains positioned to strengthen its financial foundation while exploring strategic alternatives.
A webcast replay of the June 25 investor call is available at Anterix IR.
WOODLAND PARK, NJ – Anterix Inc. (NASDAQ: ATEX) has released its financial results for the fiscal year ended March 31, 2025, highlighting major spectrum agreements, leadership changes, and ongoing strategic initiatives. Full-year revenue rose to $6.0 million, up from $4.2 million in fiscal 2024, driven by progress on license exchanges and spectrum sales.
FY2025 Key Highlights:
Leadership Appointments: Scott Lang was named President and CEO in October 2024, and Thomas Kuhn became Executive Chairman in January 2025.
Major Spectrum Deals: Closed spectrum sale agreements with Oncor ($102.5M) and LCRA ($13.5M), and received milestone payments totaling $52.5M.
Strategic Review: A review process initiated in February 2025 continues amid inbound interest.
FCC Approval: Gained FCC support for expanding 900 MHz broadband spectrum from 3x3 MHz to 5x5 MHz.
Pipeline Growth: Now engaging with over 60 potential utility customers, representing a $3 billion opportunity.
AnterixAccelerator™ Launched: A new initiative to incentivize private broadband adoption, now oversubscribed with $250M in potential incentives.
Q4 FY2025 Financial Highlights:
Net income of $9.2 million, versus a loss of $9.4 million in Q4 FY2024.
Gains include $18.3M from license sales and $2.0M from license exchanges.
Spectrum revenue reached $1.4M, a 10% year-over-year increase.
Operating expenses dropped due to reduced consulting and headcount costs.
Balance Sheet & Liquidity:
Cash and equivalents totaled $47.4 million, plus $7.7 million in escrow.
No debt reported as of March 31, 2025.
Anterix repurchased $8.4 million in stock during FY2025; $227.7 million remains authorized under the current buyback program.
Outlook and Strategy:
Anterix continues to prioritize long-term utility broadband adoption and monetization of its 900 MHz spectrum portfolio. With roughly $147 million in contracted proceeds, $80 million of which is expected in FY2026, the company remains positioned to strengthen its financial foundation while exploring strategic alternatives.
A webcast replay of the June 25 investor call is available at Anterix IR.