Quarterly ResultAug 11, 2026, 04:13 PM
Anterix Q1 FY2027 Net Income $240K, EPS $0.01
AI Summary
Anterix Inc. announced its first quarter fiscal year 2027 financial results, reporting a net income of $240K, or $0.01 per diluted share, for the three months ended June 30, 2026. The company maintained a strong liquidity position with $116.0 million in cash and cash equivalents and no debt. Key operational highlights included $33.1 million in contracted proceeds outstanding, a $0.8 million spectrum license sale, and a $10.7 million gain from the exchange of broadband licenses.
Key Highlights
- Reported Q1 FY2027 net income of $240K, or $0.01 per diluted share.
- Cash and cash equivalents stood at $116.0 million with no debt as of June 30, 2026.
- Approximately $33.1 million of contracted proceeds outstanding.
- Entered a 10 MHz 900 MHz spectrum license sale agreement for $0.8 million.
- Recorded a $10.7 million gain on exchange of broadband licenses.
- Invested $6.7 million in spectrum clearing costs.
- $226.7 million remained available under the share repurchase program.
Price Impact
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