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Anterix Inc. Reports First Quarter Fiscal Year 2024 Results
WOODLAND PARK, N.J., Aug. 2, 2023 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its first quarter fiscal 2024 results and filed its 10-Q for the
About this update from Anterix Inc.
[{"type":"text","content":"WOODLAND PARK, N.J., Aug. 2, 2023 /PRNewswire/ -- Anterix (NASDAQ: ATEX) today announced its first quarter fiscal 2024 results and filed its 10-Q for the three months ended June 30, 2023.\n\n \n \n \n \n \n \n\n \nFirst quarter fiscal 2024 Financial Highlights\nCash and cash equivalents of $29.0 million as of June 30, 2023Entered into a $30.0 million spectrum sale agreement with Lower Colorado River AuthorityExchanged narrowband for broadband licenses in 9 counties and recorded a gain on exchange of narrowband licenses for broadband licenses of $10.8 millionCash used in operations was $8.2 millionIncurred spectrum clearing costs of $5.2 millionThe Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at https://www.investors.anterix.com/Q12024.\nAbout Anterix Inc. \nAt Anterix, we are focused on delivering transformative private broadband that enables the modernization of critical infrastructure for the energy, transportation, logistics and other sectors of our economy. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable the private LTE solutions that support secure, resilient and customer-controlled operations. For more information, visit: www.anterix.com.\nForward-Looking Statements \nCertain 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 the Anterix's business or financial results or outlook. 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 for...