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.

Average Price Paid Per Share

$57.4