STOCK TITAN

Anterix swings to $4.99M loss in fiscal Q2 2027

Anterix had $107.467 million in cash and cash equivalents and no debt; an FCC proposal includes consideration of adding 900 MHz to SCS rules.

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Anterix Inc. reported second-quarter fiscal 2027 spectrum revenue of $1.958 million for the three months ended September 30, 2026, versus $1.552 million a year earlier. It recorded a $4.993 million net loss, compared with $53.536 million net income. The current quarter included a $6.092 million gain on exchange of intangible assets; the prior-year quarter included a $59.602 million exchange gain and an $11.469 million gain on sale.

Net cash used in operating activities was $6.142 million, versus $1.404 million provided a year earlier. At September 30, 2026, Anterix had $107.467 million in cash and cash equivalents, $3.172 million in escrow deposits, and no debt. Contracted proceeds outstanding were approximately $33.1 million, with approximately $9.6 million expected during the remainder of fiscal 2027.

Anterix exchanged narrowband for broadband licenses in six counties and invested $5.4 million in spectrum clearing costs. On October 29, 2026, the FCC advanced a Notice of Proposed Rulemaking to modify its Supplemental Coverage from Space rules, including consideration of adding 900 MHz. No share repurchases occurred in the quarter; $250.0 million remained available under the program, which authorizes repurchases on or before September 22, 2029.

1 point · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 2 points

How the balance works

Positive

  • Moderate pointQuarterly spectrum revenue was $1.958 million, versus $1.552 million a year earlier.

Negative

  • Moderate pointQuarterly net result: $4.993 million loss, versus $53.536 million income.
  • Moderate pointOperating cash flow was $6.142 million used, versus $1.404 million provided.

Filing Explained

The filing reports 19,663,183 common shares issued and outstanding at September 30, 2026, up from 18,914,271 at March 31, 2026; if an existing holder’s share count was unchanged, the higher total reduces that holder’s percentage ownership.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Spectrum revenue $1.958 million Three months ended September 30, 2026; $1.552 million in the same period of 2025.
Net loss $4.993 million Three months ended September 30, 2026; net income of $53.536 million in the same period of 2025.
Net cash used in operating activities $6.142 million Three months ended September 30, 2026; $1.404 million of net cash provided in the same period of 2025.
Gain on exchange of intangible assets $6.092 million Three months ended September 30, 2026.
Cash and cash equivalents $107.467 million At September 30, 2026.
Contracted proceeds outstanding Approximately $33.1 million Approximately $9.6 million expected during the remainder of fiscal 2027.
Share repurchase program amount remaining $250.0 million As of September 30, 2026.
Spectrum clearing costs $5.4 million Fiscal 2027 second quarter.
Supplemental Coverage from Space regulatory
"modify its Supplemental Coverage from Space rules"
Supplemental coverage from space means additional communication, sensing, or data services provided by satellites or other space-based systems that fill gaps left by ground networks, like a mobile signal booster in the sky. It matters to investors because these services can expand market reach, improve reliability for customers, and create new revenue streams for companies that sell satellite connectivity, mapping, or monitoring.
spectrum clearing costs technical
"invested $5.4 million in spectrum clearing costs"
escrow deposits financial
"$3.2 million in escrow deposits"
Escrow deposits are funds placed with an independent third party to be held until agreed conditions are met, such as completion of a sale, regulatory approval, or contract milestones. They act like a neutral safety deposit box or referee holding money until both sides satisfy the rules, reducing the chance of loss or dispute. For investors, escrow deposits matter because they protect capital, affect timing of cash flows, and signal seriousness and risk allocation in deals.
deferred revenue financial
"Deferred revenue"
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
Spectrum revenue $1.958 million Compared with $1.552 million for the three months ended September 30, 2025.
Net (loss) income $4.993 million net loss Compared with $53.536 million net income for the three months ended September 30, 2025.
Net cash (used in) provided by operating activities $6.142 million net cash used Compared with $1.404 million net cash provided for the three months ended September 30, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did ATEX report in fiscal Q2 2027?

ATEX reported $1.958 million in spectrum revenue for the three months ended September 30, 2026, compared with $1.552 million for the same quarter in 2025.

How much contracted proceeds does ATEX have outstanding?

Anterix reported approximately $33.1 million of contracted proceeds outstanding, with approximately $9.6 million expected during the remainder of fiscal 2027.

What are the terms of ATEX's share repurchase program?

The program authorizes repurchases of up to $250.0 million of common stock on or before September 22, 2029. No repurchases occurred in the second quarter of fiscal 2027, and $250.0 million remained available as of September 30, 2026.

What did the FCC advance about ATEX's 900 MHz band and SCS?

On October 29, 2026, the FCC advanced a Notice of Proposed Rulemaking to modify its Supplemental Coverage from Space rules. The proposal includes consideration of adding the 900 MHz band to the list of SCS bands.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001304492FALSE00013044922026-11-102026-11-10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 10, 2026
Anterix Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3682733-0745043
(State or other jurisdiction (Commission File Number)(IRS Employer
of incorporation)Identification No.)
3 Garret Mountain Plaza
Suite 40107424
Woodland Park, NJ
(Address of principal executive offices)(Zip Code)
(973) 771-0300
Registrant’s telephone number, including area code
Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par valueATEX The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 2.02 Results of Operations and Financial Condition.

On November 10, 2026, Anterix Inc. (the “Company”) issued an Earnings Release announcing its second quarter fiscal 2027 financial results for the three and six months ended September 30, 2026. A copy of the Earnings Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Current Report and in Exhibit 99.1 of Item 9.01 below is being “furnished” pursuant to Item 2.02 of Form 8-K, and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Accordingly, the information in Item 2.02 will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or under the Exchange Act, unless specifically identified therein as being incorporated therein by reference.

Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.

Exhibit No.Description
99.1
Anterix Inc. Earnings Release, dated November 10, 2026.
104Cover Page Interactive Data File (formatted as Inline XBRL).







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Anterix Inc.
Date: November 10, 2026
/s/ Elena Marquez
Elena Marquez
Chief Financial Officer 




image.jpg
Anterix Inc. Reports
Second Quarter Fiscal Year 2027 Results

Woodland Park, NJ – November 10, 2026 – Anterix (NASDAQ: ATEX) today announced its second quarter fiscal 2027 results and filed its Form 10-Q for the three and six months ended September 30, 2026.

Financial and Operational Highlights

–Approximately $33.1 million of contracted proceeds outstanding with approximately $9.6 million expected to be received during the remainder of fiscal 2027
–Exchanged narrowband for broadband licenses in 6 counties and recorded a $6.1 million gain on exchange of broadband licenses
–Invested $5.4 million in spectrum clearing costs
–Announced that iPhone 18 Pro and iPhone Duo are the first iPhone models to operate on dedicated private LTE networks using Anterix 900 MHz (Band 106) spectrum
–Subsequent to quarter end, on October 29, 2026, the Federal Communications Commission advanced a Notice of Proposed Rulemaking to modify its Supplemental Coverage from Space (“SCS”) rules, which includes consideration of adding the 900 MHz band to the list of SCS bands

Liquidity and Balance Sheet

At September 30, 2026, the Company had no debt and cash and cash equivalents of $107.5 million. In addition, the Company had a restricted cash balance of $3.2 million in escrow deposits.

The Company has an authorized share repurchase program for up to $250.0 million of the Company’s common stock on or before September 22, 2029. In fiscal 2027 second quarter, Anterix had no share repurchase activity. As of September 30, 2026, $250.0 million remained available under the share repurchase program.

Conference Call Information

Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Wednesday, November 11, 2026. Participants interested in joining the call’s live question and answer session are required to pre-register by clicking on the following link https://bit.ly/anterixQ2FY27 to obtain a dial-in number and unique PIN. It is recommended that participants join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.

About Anterix Inc.

Anterix is transforming how critical infrastructure stays connected. As the market leader in mission-critical private wireless broadband spectrum for the utility sector, Anterix delivers more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that enhance efficiency, strengthen resilience, and accelerate digital transformation. Backed by a growing ecosystem of industry-leading partners, Anterix provides the connectivity foundation that powers a more resourceful and resilient future. Learn more at www.anterix.com.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix’s business, financial results, outlook, regulatory actions or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix’s ability to clear the 900 MHz



Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix’s ability to timely secure broadband licenses; (iv) Anterix’s ability to successfully commercialize its spectrum assets and services to its targeted utility or other customers in accordance with its plans and expectations; (v) Anterix’s ability to execute on its customer engagement initiatives; and (vi) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.

Shareholder Contact

Natasha Vecchiarelli
VP, Investor Relations & Corporate Communications
Anterix
nvecchiarelli@anterix.com



Anterix Inc.
Earnings Release Tables
Consolidated Balance Sheets
(Unaudited, in thousands, except share and per share data)

September 30, 2026March 31, 2026
ASSETS
Current assets
Cash and cash equivalents$107,467$98,533
Spectrum receivable16,06310,638
Broadband licenses held for sale13,607—
Escrow deposits3,1726,130
Prepaid expenses and other current assets4,7734,684
Total current assets145,082119,985
Property and equipment, net706827
Right of use assets, net4,3454,069
Intangible assets317,823310,712
Deferred broadband costs29,42329,069
Other assets534548
Total assets$497,913$465,210
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and other accrued expenses$11,667$15,028
Accrued severance and other related charges1,2212,810
Operating lease liabilities1,3161,424
Contingent liability2,2202,220
Deferred revenue14,33114,513
Total current liabilities30,75535,995
Operating lease liabilities3,3312,995
Contingent liability6,0006,000
Deferred revenue159,005146,665
Deferred gain on sale of intangible assets4,9114,911
Deferred income tax6,7596,323
Total liabilities210,761202,889
Commitments and contingencies (See Note 12)
Stockholders’ equity
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at September 30, 2026 and March 31, 2026
——
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 19,663,183 shares issued and outstanding at September 30, 2026 and 18,914,271 shares issued and outstanding at March 31, 2026
22
Additional paid-in capital594,201564,617
Accumulated deficit(307,051)(302,298)
Total stockholders’ equity287,152262,321
Total liabilities and stockholders’ equity$497,913$465,210










Anterix Inc.
Earnings Release Tables
Consolidated Statements of Operations
(Unaudited, in thousands, except share and per share data)

Three months ended September 30,Six months ended September 30,
2026202520262025
Spectrum revenue$1,958 $1,552 $3,916 $2,970 
Operating expenses
General and administrative10,0298,39819,653 18,847 
Sales and support2,2531,4494,164 2,942 
Product development1,1771,2122,397 2,332 
Severance and other related charges205735205 1,355 
Depreciation and amortization96133197 257 
Operating expenses13,76011,92726,616 25,733 
Gain on exchange of intangible assets, net(6,092)(59,602)(16,745)(93,518)
Gain on sale of intangible assets, net—(11,469)— (12,430)
Loss from disposal of long-lived assets, net— 211 29 
(Loss) income from operations(5,710)60,675(5,956)83,156 
Interest income9493791,794 821 
Other income32—47 — 
(Loss) income before income taxes(4,729)61,054(4,115)83,977 
Income tax expense2647,518638 5,261 
Net (loss) income$(4,993)$53,536 $(4,753)$78,716 
Net (loss) income per common share basic$(0.25)$2.86 $(0.25)$4.22 
Net (loss) income per common share diluted$(0.25)$2.86 $(0.25)$4.21 
Weighted-average common shares used to compute basic net (loss) income per share19,595,743 18,687,082 19,342,122 18,654,570 
Weighted-average common shares used to compute diluted net (loss) income per share19,595,743 18,705,801 19,342,122 18,710,311 



















Anterix Inc.
Earnings Release Tables
Consolidated Statements of Cash Flows
(Unaudited, in thousands)
Three months ended September 30,Six months ended September 30,
2026202520262025
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income$(4,993)$53,536 $(4,753)$78,716 
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization96 133 197 257 
Stock compensation expense4,065 2,947 7,347 6,579 
Deferred income taxes308 2,387 436 (120)
Right of use assets(588)403 (276)516 
Gain on exchange of intangible assets, net(6,092)(59,602)(16,745)(93,518)
Gain on sale of intangible assets, net— (11,469)— (12,430)
Loss from disposal of long-lived assets, net— 21 1 29 
Changes in operating assets and liabilities
Non-trade receivable—— — 2,926 
Prepaid expenses and other assets1,026(26)(46)351 
Accounts payable and other accrued expenses1,4664,668 (1,055)2,112 
Accrued severance and other related charges(412)337 (1,589)432 
Due to related parties— (30)— (30)
Operating lease liabilities559 (474)228 (660)
Contingent liability— 6,371 — 7,425 
Deferred revenue(1,577)2,202 12,158 5,744 
Other liabilities— — — (65)
Net cash (used in) provided by operating activities(6,142)1,404 (4,097)(1,736)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of intangible assets and other related costs(5,384)(13,181)(12,087)(17,147)
Proceeds from sale of spectrum— 12,577 — 13,878 
Purchases of equipment(41)— (77)— 
Net cash used in investing activities(5,425)(604)(12,164)(3,269)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock option exercises2,894 157 23,161 157 
Repurchases of common stock— (990)— (990)
Payments of withholding tax on net issuance of restricted stock(608)(74)(924)(716)
Net cash provided by (used in) financing activities2,286 (907)22,237 (1,549)
Net change in cash and cash equivalents and restricted cash(9,281)(107)5,976 (6,554)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash at beginning of the period119,920 48,577 104,663 55,024 
Cash and cash equivalents and restricted cash at end of the period$110,639 $48,470 $110,639 $48,470 



Three months ended September 30,Six months ended September 30,
2026202520262025
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the period:
Taxes paid, including excise tax$620 $859 $836 $859 
Operating leases paid$392 $546 $811 $1,115 
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations$— $77 $— $63 
Derecognition of contingent liability related to sale of intangible assets$— $13,776 $— $14,948 
Right of use assets new leases$242 $— $284 $321 
Right of use assets modifications and renewals$705 $10 $700 $47 

The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:
September 30, 2026June 30, 2026March 31, 2026
Cash and cash equivalents$107,467$116,010$98,533
Escrow deposits3,172 3,910 6,130 
Total cash and cash equivalents and restricted cash$110,639$119,920$104,663
September 30, 2025June 30, 2025March 31, 2025
Cash and cash equivalents$39,070$41,432$47,374
Escrow deposits9,400 7,145 7,650 
Total cash and cash equivalents and restricted cash$48,470$48,577$55,024
























Anterix Inc.
Earnings Release Tables
Other Financial Information
(Unaudited, in thousands except per share data)

Three months ended September 30,Six months ended September 30,
2026202520262025
Number of shares repurchased and retired— 43 — 43 
Average price paid per share*$— $22.94 $— $22.94 
Total cost to repurchase$— $990 $— $990 
*Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.
As of September 30, 2026, $250.0 million is remaining under the share repurchase program.





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