From GlobeNewswire: 2025-02-11 16:05:00

Anterix (NASDAQ: ATEX) announced third quarter fiscal 2025 results, with Tom Kuhn appointed as Executive Chairman. They have $28.8 million in cash, $147 million in contracted proceeds, and a $3 billion pipeline of contract opportunities. Anterix has no debt and a share repurchase program of up to $250 million authorized.

Anterix will hold a conference call on February 12, 2025, at 9:00 A.M. ET to provide a business update. They are focused on accelerating private wireless broadband opportunities and have a strategic review process ongoing. Anterix, holding the largest licensed spectrum in the 900 MHz band, aims to modernize the grid with utility-first solutions.

Financially, Anterix reported $7.7 million in net income for the three months ended December 31, 2024. They had a projected operating expenses reduction of 20% for fiscal 2026. The company’s balance sheet showed cash and cash equivalents of $28.8 million as of December 31, 2024, with no debt and a total asset value of $326.7 million.



Read more at GlobeNewswire:: Anterix Inc. Reports Third Quarter Fiscal Year 2025