earnings
confidence high
sentiment positive
materiality 0.70
Anterix reports FY2024 cash flow positive on $106.5M contracted proceeds; pipeline at $3B
Anterix Inc.
- Full year contracted cash proceeds of $106.5M; cash and equivalents $60.6M at March 31, 2024.
- Signed $34.5M spectrum lease with Florida utility and closed $30M spectrum sale with Lower Colorado River Authority.
- Recorded $7.4M gain on license transfer to San Diego Gas & Electric and $35.0M gain from license exchanges.
- Returned $24.7M to shareholders via stock repurchases; spectrum clearing investment $17.0M in FY2024.
- Demonstrated Intent scorecard shows 18 utilities above threshold (~$1B potential); total pipeline ~$3B.