Welcome to our dedicated page for Anterix news (Ticker: ATEX), a resource for investors and traders seeking the latest updates and insights on Anterix stock.
Anterix Inc. (NASDAQ: ATEX) is frequently in the news for its work in private wireless broadband and 900 MHz spectrum for utilities and other critical infrastructure sectors. The company’s announcements highlight its role as a connectivity partner for utilities, providing more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that support grid modernization and digital transformation.
News about Anterix often covers its financial results, with quarterly and annual earnings releases detailing spectrum revenue, gains on exchange and sale of spectrum-related intangible assets, investments in spectrum clearing, contracted proceeds from customers, and its pipeline of prospective contract opportunities. These releases are typically accompanied by information about analyst and investor conference calls.
Company updates also focus on new offerings and ecosystem developments. Anterix has announced solutions such as TowerX™, a tower optimization and access program to streamline 900 MHz private wireless network deployments, and CatalyX®, a SIM and eSIM management solution to help utilities deploy private wireless networks faster while using commercial broadband where needed. Additional news has described the AnterixAccelerator initiative and collaborations with ecosystem members to encourage adoption of 900 MHz private wireless networks.
Leadership and governance changes are another recurring theme in Anterix news, including appointments of senior executives, transitions in key roles, and changes in the company’s independent registered public accounting firm. Investors and observers who follow ATEX news can use this page to see how Anterix communicates its strategy, reports its results, and describes its progress in building private wireless broadband solutions for utilities and critical infrastructure.
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.
Ericsson (NASDAQ: ERIC) has announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ: ATEX) to deliver cutting-edge private network solutions to electric cooperatives across the United States. This partnership aims to provide reliable, resilient, and secure network infrastructure for modernizing grid infrastructure.
Key aspects of the collaboration include:
- NRTC augmenting its fiber capabilities with Ericsson's cellular and microwave technologies
- Southern Linc providing core hosting solutions
- Anterix offering 900 MHz spectrum and ecosystem access
- Enabling co-ops to construct, own, and maintain LTE/5G-ready sites
This initiative is set to revolutionize co-op communications, setting new standards for reliability and security in the digital age.
Anterix (NASDAQ: ATEX) has announced the release of its first-quarter financial results for fiscal year 2025, scheduled for Tuesday, August 6, 2024, after market close. The company will host an analyst and investor conference call on Wednesday, August 7, 2024, at 9:00 A.M. ET to provide a business update.
Interested parties can join the call by dialing 1-888-999-6281 (U.S.) or 1-848-280-6550 (international). A replay of the call will be available on the Investor Relations section of Anterix's website at https://www.anterix.com/events/.
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