Anterix reports Q1 FY2024: Cash $29M, spectrum sale $30M, 15 utilities above DI threshold

Anterix Inc.

2024-Q1 EPS reported -$0.11 revenue$608,000

Cash and cash equivalents $29.0M at June 30, 2023; cash used in ops $8.2M.
Entered $30M spectrum sale agreement with Lower Colorado River Authority.
Exchanged narrowband for broadband licenses in 9 counties; $10.8M gain on exchange.
15 utilities above Demonstrated Intent threshold, representing >$850M potential proceeds.
Total pipeline potential contracted proceeds >$3B; ~$500M in Phase 3.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Anterix Inc. reported financial results for first quarter fiscal 2024.

Period: first quarter fiscal 2024
Result: reported results

Exact text from the filing

Item 2.02 Results of Operations and Financial Condition. On August 2, 2023 , Anterix Inc. (the “Company”) announced its first quarter fiscal 2024 financial results for the three months ended June 30, 2023.

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Anterix Inc. filing history →

Source: SEC EDGAR

accession 0001304492-23-000042

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