Earnings Releases·Nov 10, 2026, 4:05 PM ET

Anterix Inc. — Second Quarter Fiscal 2027 Earnings Summary

ATEX

Spectrum revenue increased to $1.958 million for the quarter and $3.916 million for the six months ended September 30, 2026, compared to $1.552 million and $2.970 million respectively in the prior year periods, while the company reported a net loss of $4.993 million for the quarter and $4.753 million for the six months, reversing prior year net income of $53.536 million and $78.716 million.
Significant non-cash gains on the exchange of intangible assets were recorded at $6.092 million for the quarter and $16.745 million for the six months, down from $59.602 million and $93.518 million in the prior year, alongside a shift to net cash used in operating activities of $6.142 million for the quarter and $4.097 million for the six months.
Strategic milestones include the announcement of iPhone 18 Pro and iPhone Duo as the first models to operate on Anterix's 900 MHz private LTE network, an exchange of narrowband for broadband licenses in six counties, and a $5.4 million investment in spectrum clearing costs.
The FCC advanced a Notice of Proposed Rulemaking on October 29, 2026, to modify Supplemental Coverage from Space rules, potentially adding the 900 MHz band, while approximately $9.6 million of contracted proceeds is expected to be received in the remainder of fiscal 2027.
The company maintains a share repurchase program with $250.0 million available as of September 30, 2026, though no repurchases occurred in the quarter, and holds $107.467 million in cash and cash equivalents with no outstanding debt.

Company: ANTERIX INC
Sector: Communication Services
Industry: Telecom Services