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Mar 31, 2024

Anterix Q4 2024 Earnings Report

Anterix reported Q4 and full fiscal year 2024 results, featuring a milestone payment from Xcel Energy and gains from narrowband license exchanges.

Key Takeaways

Anterix reported its Q4 and full fiscal year 2024 results, highlighting a $16.8 million milestone payment from Xcel Energy, gains from narrowband license exchanges, and continued investment in spectrum clearing.

Received a $16.8 million milestone payment from Xcel Energy.

Exchanged narrowband for broadband licenses in 4 counties, recording a $2.0 million gain.

Returned $6.0 million to stockholders through share repurchases.

Invested $2.2 million in spectrum clearing.

Total Revenue
$1.26M
Previous year: $608K
+107.2%
EPS
-$0.51
Previous year: -$0.66
-22.7%
Gross Profit
$1.07M
Previous year: $603K
+76.6%
Cash and Equivalents
$60.6M
Previous year: $43.2M
+40.3%
Free Cash Flow
$6.1M
Previous year: -$9.16M
-166.6%
Total Assets
$325M
Previous year: $279M
+16.6%

Anterix

Anterix

Anterix Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.