Anterix Inc. — Second Quarter Fiscal 2027 Earnings Summary

Anterix Inc. reported a net loss of $4.993 million for the second quarter of fiscal 2027, driven by operating expenses that exceeded revenue, despite recording a $6.1 million gain from exchanging narrowband for broadband licenses. The company ended the quarter with $107.5 million in cash and cash equivalents and no debt, while maintaining a $250 million share repurchase program with no activity in the quarter. Anterix announced that the iPhone 18 Pro and iPhone Duo are the first models to operate on its dedicated private LTE networks using 900 MHz spectrum, and the FCC has advanced a rulemaking to potentially include this band in Supplemental Coverage from Space rules.