Business
Anterix Inc. Reports Full Fiscal Year 2026 Results
Anterix Inc. Reports Full Fiscal Year 2026
About this update from Anterix Inc.
WOODLAND PARK, N.J., June 10, 2026 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced fiscal 2026 fourth quarter and full fiscal year financial results for the year ended March 31, 2026.Full Year FY2026 Financial and Operational HighlightsExecuted new spectrum sale agreements with CPS Energy, Texas-New Mexico Power and NorthWestern Energy during FY2026 for total contracted proceeds of $23.9 millionSubsequent to year end, in April 2026, the Company entered into a new spectrum sale agreement with Benton PUD for a total contract price of $0.8 millionOn February 18, 2026, the FCC adopted the 2026 Report and Order to expand the 900 MHz broadband segment from 6 MHz to 10 MHzReceived $127 million of contracted proceeds from customers with $50 million of contracted proceeds outstandingLaunched TowerX™, a tower site access service, and CatalyX®, a turnkey connectivity management solutionDelivered broadband licenses to customers covering 155 counties and recorded a $34.8 million gain on sale of intangible assetsExchanged narrowband for broadband licenses in 219 counties and recorded a $105.4 million gainInvested $27.2 million in spectrum clearing costsFourth Quarter FY2026 Financial HighlightsDelivered broadband licenses to customers covering 92 counties and recorded a $22.0 million gain on sale of intangible assetsExchanged narrowband for broadband licenses in 46 counties and recorded a $11.1 million gainInvested $7.4 million in spectrum clearing costsLiquidity and Balance Sheet At March 31, 2026, the Company had no debt and cash and cash equivalents of $98.5 million. In addition, the Company had a restricted cash balance of $6.1 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 21, 2026. In fiscal 2026 fourth quarter, Anterix had no share repurchase activity. In fiscal 2026 full year, Anterix had share repurchase activity of $1.0 million. As of March 31, 2026, $226.7 million is remaining 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 Thursday, June 11, 2026. Participants interested in joining the call’s live question and answer session are required t...