WOODLAND PARK, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ:ATEX), the leading provider of private wireless broadband spectrum for utilities, announced today that a group of world-class companies driving the nationwide deployment of 900 MHz networks – including Ericsson (NASDAQ:ERIC), GE Vernova (NYSE:GEV), and Nokia (NYSE:NOK) – are expanding their collaboration within the AnterixAccelerator™ initiative. These organizations are collectively offering high-value incentives to utilities in the for ...

Industry Overview - The Zacks Communication - Infrastructure industry is benefiting from increased user demand for digital innovations, leading to fiber densification and extensive 5G deployment [1] - Industry players provide various infrastructure solutions for communication networks, including high-speed network access solutions and fiber-to-home equipment [3] Current Trends - Network convergence is a key trend, with operators combining voice, video, and data communications into a single network, which minimizes service delivery costs and expands coverage [4] - There is a focus on higher average revenue per user as firms transition from legacy systems to technology-driven models, enhancing customer service and data traffic management [6] Challenges - High capital expenditures for infrastructure upgrades and soaring raw material prices due to geopolitical tensions are significant threats to the industry [1][5] - Supply chain disruptions from the Russia-Ukraine war and high customer inventory levels are also impacting operations [1] Market Performance - The Zacks Communication - Infrastructure industry has outperformed the broader Zacks Computer and Technology sector and the S&P 500, with a growth of 60.2% over the past year compared to 10.6% for the S&P 500 [10] - The industry currently trades at a trailing 12-month EV/EBITDA of 3.48X, significantly lower than the S&P 500's 17.08X and the sector's 16.28X [12] Notable Companies - IHS Holding Limited operates over 40,000 towers across 11 markets and has seen a stock gain of 36.4% in the past year, with upward revisions in earnings estimates [15] - Anterix Inc. holds the largest licensed spectrum in the 900 MHz band and has experienced an 11.3% stock gain over the past year, with significant upward revisions in earnings estimates [17]

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Anterix (ATEX) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Anterix is one of 604 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. ...

Core Insights - Anterix has launched the AnterixAccelerator initiative with an investment of up to $250 million to support utilities in deploying 900 MHz private LTE networks, reflecting a strong commitment to enhancing private wireless broadband in the utility sector [1][2] - The initiative has garnered significant interest from over 15 utilities and current Anterix customers, indicating a pressing need for reliable and scalable private networks [1] - Anterix holds a unique position in the market with extensive expertise, a valuable 900 MHz spectrum asset, and a robust ecosystem of over 120 technology and solution providers, which positions the company to lead in making private wireless networks more accessible for utilities [2][3] Company Positioning - Anterix is recognized as the market leader in private wireless broadband, with seven leading utility customers and nearly $400 million in contracts for deploying 900 MHz private wireless broadband networks [3] - The company has zero debt, which strengthens its financial position and ability to accelerate technological evolution in the utility industry [3] - Anterix's extensive partnerships with leading utilities and technology companies aim to modernize grid solutions and address current challenges faced by utilities [4] Industry Context - The utility sector is increasingly recognizing the importance of private wireless networks for enhancing communication systems, which is critical for modernizing infrastructure [2][4] - Anterix's leadership in the 900 MHz spectrum band positions it uniquely to support advanced communications capabilities, contributing to a cleaner and more secure energy future [4]

Financial Data and Key Metrics Changes - Anterix reported an incremental cash increase of $34 million due to strategic initiatives with select customers, received at the end of January [32] - The company has approximately $29 million in cash on its balance sheet as of December 31, 2024, and is scheduled to receive roughly $80 million during the fiscal year ending March 31, 2026 [33] - A 20% reduction in operational expenses has been identified, enhancing efficiency and increasing cash flows [34] Business Line Data and Key Metrics Changes - The company announced a $13.5 million expansion agreement with the Lower Colorado River Authority, extending broadband coverage to 102 counties in Texas [7] - The total coverage across 15 states where Anterix has contracted with utilities now exceeds that of US Cellular [8] Market Data and Key Metrics Changes - Anterix has signed contracts to deploy 900 megahertz private wireless broadband networks valued at nearly $400 million, with a strong pipeline of opportunities [24][106] - The company is positioned to serve a significant portion of the U.S. population, with previous deals covering approximately 43 million people [61] Company Strategy and Development Direction - Anterix aims to lead the private wireless broadband market for utilities, focusing on expanding its ecosystem and partnerships [17][19] - The company has launched a strategic review process with Morgan Stanley to explore opportunities that will accelerate growth [23] - Anterix is committed to delivering value to shareholders and customers while improving operational efficiency [10][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's business strategy and the potential for aggressive pricing and new contracts [11] - The leadership emphasized the urgency and interest from utilities to adopt private broadband solutions, driven by successful use cases [50][114] - The company is optimistic about the future, citing a strong financial position and a robust pipeline of contracts [24][106] Other Important Information - Anterix has returned approximately $4 million to shareholders through its share repurchase program in the third quarter [11] - The FCC has proposed a rulemaking to expand the 900 megahertz broadband segment from a three by three configuration to a five by five configuration, which is seen as a significant milestone [27][28] Q&A Session Summary Question: What is the genesis of external interest in Anterix? - Management believes the interest stems from the company's large ecosystem, successful customer deployments, and the pathway to five by five spectrum [41] Question: What motivates utilities to move quicker in adopting private broadband? - Management noted that successful use cases and performance from existing customers are driving urgency among utilities to adopt these solutions [50] Question: How should investors think about CapEx and the value of the deal pipeline? - Management indicated that the current contracts represent a small fraction of the total potential value, with significant room for growth as more utilities adopt the technology [106][107]

Anterix (ATEX) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.30%. A quarter ago, it was expected that this wireless communications company would post a loss of $0.59 per share when it actually produced a loss of $0.69, delivering a surprise of -16.95%.Over the last four quarters, the com ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 For the transition period from __________ to __________ Commission File Number: 001-36827 ______________________ Anterix Inc. OR (Exact name of registrant as specified in its charter) ______________________ o TRANSIT ...

Anterix Inc. Reports Third Quarter Fiscal Year 2025 Results Woodland Park, NJ – February 11, 2025 – Anterix (NASDAQ: ATEX) today announced its third quarter fiscal 2025 results and filed its Form 10-Q for the three and nine months ended December 31, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at https://investors.anterix.com/Q32025. Financial and Operational Highlights Liquidity and Balance Sheet At December 31, 2024, the Company had no d ...

WOODLAND PARK, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced its third quarter fiscal 2025 results and filed its Form 10-Q for the three and nine months ended December 31, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix’s website at https://investors.anterix.com/Q32025. Financial and Operational Highlights Tom Kuhn appointed as Executive Chairman of the Board following the retirement of Morgan O’BrienIndustry engagement ...

Shares of wireless communications company Anterix Inc. ATEX are surging on Tuesday.The company has appointed Morgan Stanley & Co. LLC as its financial advisor to guide a formal strategic review after receiving inbound interest in the company.This step is in reaction to the rising demand for private wireless broadband in the utility sector. Anterix intends to leverage this growing demand, especially from utilities looking for dependable broadband solutions.Anterix is prioritizing the industry’s increasing de ...