earnings
confidence high
sentiment positive
materiality 0.70
Anterix reports Q3 FY2024: $34.5M utility lease, $13.7M gain, DI pipeline $3B+
Anterix Inc.
2024-Q3 EPS reported
$0.01
revenue$2,931,000
- Cash and equivalents of $62.0M as of Dec 31, 2023.
- Executed $34.5M spectrum lease with Florida utility; $6.9M received in Dec.
- Recorded $13.7M gain on exchange of narrowband for broadband licenses.
- Repurchased $8.0M of ATEX stock; incurred $4.7M spectrum clearing costs.
- 18 utilities above DI threshold representing ~$1.1B potential proceeds; total pipeline >$3B.