Quarterly ResultAug 11, 2026, 04:16 PM
Anterix Q1 Net Income $0.24M, Revenue Up 38%; Operating Cash Flow Positive
AI Summary
Anterix Inc. reported a net income of $0.24 million for the first quarter ended June 30, 2026, a significant decrease from $25.18 million in the prior year, primarily due to a lower gain on the exchange of intangible assets. Despite this, spectrum revenue increased by 38% to $1.96 million, and net cash provided by operating activities turned positive at $2.05 million. The company also entered a new $0.8 million spectrum license sale agreement with Benton PUD and continued its strategic shift towards a broader operating model.
Key Highlights
- Net income for Q1 2026 was $0.24 million, down from $25.18 million in Q1 2025.
- Spectrum revenue increased 38% to $1.96 million from $1.42 million year-over-year.
- Net cash provided by operating activities was $2.05 million, up from $(3.14) million.
- Cash and cash equivalents rose to $116.01 million as of June 30, 2026.
- Entered a $0.8 million spectrum license sale agreement with Benton PUD.
- Recognized a $10.7 million gain from exchanging narrowband for broadband licenses.
- Total assets increased to $497.93 million from $465.21 million since March 31, 2026.
- $13.0 million of intangible assets were transferred to held for sale.
Price Impact
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