Anterix Inc. Reports Second Quarter Fiscal Year 2027 Results
Key Highlights
- ➤$1.96 million Q2 spectrum revenue, up from $1.55 million year over year
- ➤Q2 net loss $4.99 million, versus $53.5 million net income last year
- ➤$6.1 million gain recorded from exchanging narrowband for broadband licenses
- ➤$107.5 million cash, no debt, and $250 million repurchase authorization remaining
- ➤iPhone 18 Pro and iPhone Duo operate on Anterix 900 MHz private LTE networks
WOODLAND PARK, N.J., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced its second quarter fiscal 2027 results and filed its Form 10-Q for the three and six months ended September 30, 2026.
Financial and Operational Highlights * Approximately $33.1 million of contracted proceeds outstanding with approximately $9.6 million expected to be received during the remainder of fiscal 2027 * Exchanged narrowband for broadband licenses in 6 counties and recorded a $6.1 million gain on exchange of broadband licenses * Invested $5.4 million in spectrum clearing costs * Announced that iPhone 18 Pro and iPhone Duo are the first iPhone models to operate on dedicated private LTE networks using Anterix 900 MHz (Band 106) spectrum * Subsequent to quarter end, on October 29, 2026, the Federal Communications Commission advanced a Notice of Proposed Rulemaking to modify its Supplemental Coverage from Space (“SCS”) rules, which includes consideration of adding the 900 MHz band to the list of SCS bands Liquidity and Balance Sheet
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