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Mar 31, 2023
Anterix Q4 2023 Earnings Report
Anterix reported Q4 2023 earnings and filed its 10-K for the year ended March 31, 2023.
Key Takeaways
Anterix reported spectrum revenue of $608 thousand and net income of $15,542 thousand for the fourth quarter of fiscal year 2023. The company's cash and cash equivalents totaled $43.2 million as of March 31, 2023.
Executed a new spectrum lease agreement with Xcel Energy for a total of $80.0 million, of which $8.0 million was received in December 2022.
Exchanged narrowband for broadband licenses in 84 counties and recorded a gain on exchange of narrowband licenses for broadband licenses of $38.4 million.
Cash used from operations was $27.3 million including customer receipts of $8.2 million.
Contracted cash proceeds of $100.8 million due to be received in Fiscal 2024.