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Dec 31, 2024
Anterix Q3 2025 Earnings Report
Anterix Inc. reported its third quarter fiscal year 2025 results, showing a net income of $7.71 million and an EPS of $0.41.
Key Takeaways
Anterix Inc. reported a net income of $7.71 million for the third quarter of fiscal year 2025, with an EPS of $0.41. The company's cash and cash equivalents stood at $28.8 million. Operating expenses were $15.287 million, and the company initiated a strategic review process.
Net income for Q3 FY2025 was $7.71 million, a significant increase from $0.328 million in the same period last year.
Cash and cash equivalents were $28.8 million as of December 31, 2024.
The company initiated a strategic review process in February 2025 after receiving inbound interest.
Anterix plans a projected operating expenses run rate reduction of approximately 20% for fiscal 2026.
Anterix
Anterix
Anterix Revenue by Segment
Revenue by Segment
Spectrum Revenue
CapyFin.com Forward Guidance
Anterix anticipates a reduction in operating expenses for fiscal 2026 and continues to pursue contract opportunities, while also undergoing a strategic review process.
Positive Outlook
- Projected operating expenses run rate reduction of approximately 20% planned for fiscal 2026.
- Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers.
- Authorized share repurchase program for up to $250.0 million of common stock on or before September 21, 2026.
- Industry engagement initiative announced in February 2025 to accelerate private wireless broadband opportunity.
- Strategic review process initiated in February 2025 after receiving inbound interest in the Company.
Challenges Ahead
- The timing of payments under customer agreements could differ from expectations.
- Anterix's ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms is subject to assumptions.
- Anterix's ability to qualify for and timely secure broadband licenses could be impacted by unforeseen factors.
- The timing and outcome of Anterix's strategic review process are uncertain.
- Competition in the market for spectrum and spectrum solutions offered by Anterix could affect future results.