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Jun 30, 2024
Anterix Q1 2025 Earnings Report
Anterix reported mixed Q1 2025 results, marked by a new spectrum sale agreement and continued investment in spectrum clearing.
Key Takeaways
Anterix reported a net loss of $15.524 million, or $0.84 per share, for the first quarter of fiscal year 2025. The company executed a new spectrum sale agreement with Oncor Electric Delivery Company for $102.5 million, and had cash and cash equivalents of $51.7 million as of June 30, 2024.
Executed a new spectrum sale agreement with Oncor Electric Delivery Company for $102.5 million, with $10 million received in June 2024.
Cash and cash equivalents totaled $51.7 million as of June 30, 2024.
Returned $2.0 million to stockholders through share repurchases.
Spectrum clearing investment was $5.4 million.
Anterix
Anterix
Forward Guidance
No specific forward guidance was provided in the press release.