Anterix Inc Stock Price, News & Analysis

Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority (LCRA) have announced LCRA's purchase of additional 900 MHz wireless broadband licenses, expanding their initial April 2023 agreement. The new licenses will extend LCRA's LTE coverage to 34 additional Texas counties, building upon the previous 68 counties covered.

LCRA, established in 1934, manages 600 miles of the Texas Colorado River, serving 1.4 million people with water and operating as a major power provider with over 5,000 circuit miles of transmission lines. The expanded private LTE network will enhance grid awareness, communications, and operational intelligence while supporting external users like electric cooperatives, schools, and transit authorities.

With this expansion, combined with other Anterix utility partners, 93% of Texas counties will be served by 900 MHz private wireless broadband networks, potentially establishing Texas as a model for utility private LTE implementation nationwide.

Anterix (NASDAQ: ATEX) announced utility industry veteran Tom Kuhn as Chairman of the Board of Directors, effective January 1st, replacing Morgan O'Brien who retires after more than 12 years with the Company. O'Brien, who served in roles including President, CEO, and Executive Chairman, will continue as an advisor. Kuhn, who joined Anterix's Board in January 2024, brings over thirty years of experience as President and CEO of the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities.

Anterix (NASDAQ: ATEX) announced its participation in Janney's 2nd Annual Clean Energy Investment Symposium in New Orleans. Chief Operating Officer Ryan Gerbrandt will join a panel discussion on December 5, 2024, from 2:30-3:20 p.m., focusing on the 900 MHz private wireless broadband revolution and its impact on utility infrastructure transformation. Vice Chairman Tom Kuhn will deliver keynote remarks on December 4 at 7:30 p.m. at the National WWII Museum, addressing strategic challenges and opportunities for utilities and critical infrastructure. The company will also host one-on-one meetings with investors during the event.

Anterix (ATEX) reported its Q2 FY2025 results with key financial highlights including $43.1 million in cash and cash equivalents, and a $7.5 million milestone payment received from Ameren The company has $168 million in contracted proceeds, with $110 million expected through fiscal 2026. Spectrum clearing costs were $5.5 million. The company maintains a pipeline of approximately $3 billion in prospective contract opportunities across 60+ potential customers. Anterix has no debt and holds $7.6 million in restricted cash balance. The company's share repurchase program has $234.0 million remaining through September 2026.

Anterix (NASDAQ: ATEX) has announced its upcoming second quarter fiscal 2025 earnings conference call, scheduled for Thursday, November 14, 2024, at 9:00 a.m. ET. The company's newly appointed President and CEO, Scott Lang, will lead the senior management team in discussing the quarterly results. A press release detailing the financial outcomes will be issued after market close on Wednesday, November 13, 2024.

Interested parties can join the call by dialing 1-833-816-1120 (US) or 1-412-317-1861 (international). A replay of the call will be available on the Investor Relations section of Anterix's website at https://www.anterix.com/events/.

Anterix (NASDAQ: ATEX) has announced the appointment of Scott Lang as President and CEO, effective by November 1, 2024. Lang, with over 30 years of experience in telecommunications and electric utilities, replaces Rob Schwartz, who is stepping down after a decade of leadership. Lang's background includes serving as CEO and Executive Chairman of Silver Spring Networks, Inc., where he positioned the company as an innovative leader in the utility sector before its sale to Itron in 2018.

Anterix's Executive Chairman, Morgan O'Brien, expressed optimism about the company's future and gratitude for Schwartz's contributions. Vice Chairman Tom Kuhn praised Lang's experience in the utility sector. Lang stated his eagerness to drive 900 MHz private wireless broadband throughout the utility sector, drawing parallels between Anterix's mission and his work at Silver Spring Networks.

Anterix (NASDAQ: ATEX) is set to participate in the 2024 Annual Gateway Conference on September 4-5, 2024, at the Four Seasons Hotel in San Francisco. Chief Financial Officer Tim Gray will deliver a presentation on Wednesday, September 4, at 9:30 a.m. PT. The presentation will be available via live webcast and for later replay.

In addition to the scheduled presentation, Anterix management will engage in one-on-one meetings with interested investors and analysts during the event. This provides an opportunity for more in-depth discussions about the company's operations and future prospects. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.

Anterix (NASDAQ: ATEX) reported its Q1 fiscal 2025 results, highlighting a new spectrum sale agreement with Oncor Electric Delivery Company for $102.5 million, with $10 million received in June 2024. The company's cash and cash equivalents stood at $51.7 million as of June 30, 2024. Anterix returned $2.0 million to stockholders through share repurchases and invested $5.4 million in spectrum clearing. The company also exchanged a narrowband license for a broadband license in one county, recording a $0.1 million gain. Anterix will hold an analyst and investor conference call on August 7, 2024, to provide a business update.

Anterix (NASDAQ: ATEX) has been selected as a solutions provider by NRTC, representing over 1,500 rural electric and telephone utilities across 48 states. The agreement allows Anterix to offer its 900 MHz spectrum and supporting platform of utility applications to NRTC's electric utility cooperative members. This collaboration aims to enable the deployment of private, secure, and resilient 900 MHz wireless networks for electric cooperatives, supporting grid modernization and clean energy initiatives.

The partnership complements NRTC's existing collaborations with Southern Linc, Ericsson, and others to provide mission-critical smart-grid network solutions. This agreement has the potential to significantly expand Anterix's nationwide network of utility networks, benefiting from the economies of scale and the 100+ technology innovators in the Anterix Active Ecosystem.