earnings
confidence high
sentiment positive
materiality 0.70
Anterix FY2023: $80M Xcel lease, 14 utilities high-intent, $100.8M proceeds due FY2024
Anterix Inc.
- Cash $43.2M, signed $80M spectrum lease with Xcel Energy ($8M received Dec 2022).
- Exchanged narrowband for broadband in 84 counties; recorded $38.4M gain on exchange.
- Cash used from ops $27.3M including $8.2M customer receipts; clearing costs $25M.
- $100.8M contracted cash proceeds due in FY2024; pipeline >$3B total potential.
- 14 utilities above DI threshold represent ~$800M in potential proceeds; 14 added 25 DI indicators.