Welcome to our dedicated page for Anterix news (Ticker: ATEX), a resource for investors and traders seeking the latest updates and insights on Anterix stock.
Anterix Inc. (NASDAQ: ATEX) is a premier wireless communications company dedicated to revolutionizing broadband infrastructure for critical industries across the United States, including energy, transportation, and logistics. Incorporated in 1997 and headquartered in Woodland Park, New Jersey, Anterix rebranded from PDVWireless, Inc. in August 2019, reflecting its mission to enable private LTE solutions through its extensive spectrum assets.
Anterix's unique value proposition lies in its exclusive ownership of licensed spectrum in the 900 MHz band (896-901/935-940 MHz), covering the contiguous United States as well as Hawaii, Alaska, and Puerto Rico. This strategic asset allows Anterix to offer robust, secure, and resilient private broadband networks tailored for utilities and critical infrastructure sectors.
The company's core service, Private LTE for utilities, facilitates the modernization of the power grid by automating processes, enhancing environmental monitoring, integrating artificial intelligence, and significantly boosting productivity. Anterix's solutions are pivotal in addressing the growing demands for secure, customer-controlled operations in a rapidly digitizing world.
Recent milestones highlight Anterix's commitment to growth and innovation. These include the first quarter fiscal 2024 results, demonstrating strong financial performance, and the authorization of a $250 million share repurchase program, reflecting robust shareholder value creation. Additionally, Anterix's partnership with Tampa Electric (TECO) exemplifies its expanding customer base and the long-term strategic agreements facilitating the deployment of 900 MHz broadband spectrum.
In collaboration with prominent entities such as EPRI, George Mason University, Southern Company, and Virginia Tech, Anterix is also at the forefront of enhancing cybersecurity for critical energy infrastructure. This initiative, supported by significant funding from the U.S. Department of Energy, underscores Anterix's role in pioneering resilient and secure grid solutions.
To learn more about Anterix's transformative solutions and join the movement towards a modernized, secure energy future, visit their website at www.anterix.com.
Anterix (NASDAQ: ATEX) has scheduled its third quarter fiscal 2025 earnings conference call for Wednesday, February 12, 2025, at 9:00 a.m. ET. The company's senior management team, led by President and CEO Scott Lang, will present the quarterly results. The earnings press release will be issued after market close on Tuesday, February 11, 2025.
Participants who wish to join the live Q&A session must pre-register to receive a dial-in number and unique PIN. It is recommended to join 10 minutes before the call starts. The event will be webcast live on the Investor Relations section of Anterix's website, with a replay available afterward.
The Federal Communications Commission (FCC) has approved a Notice of Proposed Rulemaking (NPRM) to expand the 900 MHz broadband segment from 3 MHz by 3 MHz to 5 MHz by 5 MHz. This decision follows a petition from ten organizations, including utilities and Anterix (NASDAQ: ATEX).
The expansion aims to support growing demand for wide-area, private, and secure wireless broadband networks for utilities and critical infrastructure. Currently, enterprise organizations across 15 states are deploying modern wireless 900 MHz broadband networks. Major utilities including Ameren, Evergy, Lower Colorado River Authority, and Xcel Energy have endorsed the proceeding, highlighting the benefits of expanded bandwidth for grid modernization, enhanced cybersecurity, and reliability improvements.
Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority (LCRA) have announced LCRA's purchase of additional 900 MHz wireless broadband licenses, expanding their initial April 2023 agreement. The new licenses will extend LCRA's LTE coverage to 34 additional Texas counties, building upon the previous 68 counties covered.
LCRA, established in 1934, manages 600 miles of the Texas Colorado River, serving 1.4 million people with water and operating as a major power provider with over 5,000 circuit miles of transmission lines. The expanded private LTE network will enhance grid awareness, communications, and operational intelligence while supporting external users like electric cooperatives, schools, and transit authorities.
With this expansion, combined with other Anterix utility partners, 93% of Texas counties will be served by 900 MHz private wireless broadband networks, potentially establishing Texas as a model for utility private LTE implementation nationwide.
Anterix (NASDAQ: ATEX) announced utility industry veteran Tom Kuhn as Chairman of the Board of Directors, effective January 1st, replacing Morgan O'Brien who retires after more than 12 years with the Company. O'Brien, who served in roles including President, CEO, and Executive Chairman, will continue as an advisor. Kuhn, who joined Anterix's Board in January 2024, brings over thirty years of experience as President and CEO of the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities.
Anterix (NASDAQ: ATEX) announced its participation in Janney's 2nd Annual Clean Energy Investment Symposium in New Orleans. Chief Operating Officer Ryan Gerbrandt will join a panel discussion on December 5, 2024, from 2:30-3:20 p.m., focusing on the 900 MHz private wireless broadband revolution and its impact on utility infrastructure transformation. Vice Chairman Tom Kuhn will deliver keynote remarks on December 4 at 7:30 p.m. at the National WWII Museum, addressing strategic challenges and opportunities for utilities and critical infrastructure. The company will also host one-on-one meetings with investors during the event.
Anterix (ATEX) reported its Q2 FY2025 results with key financial highlights including $43.1 million in cash and cash equivalents, and a $7.5 million milestone payment received from Ameren The company has $168 million in contracted proceeds, with $110 million expected through fiscal 2026. Spectrum clearing costs were $5.5 million. The company maintains a pipeline of approximately $3 billion in prospective contract opportunities across 60+ potential customers. Anterix has no debt and holds $7.6 million in restricted cash balance. The company's share repurchase program has $234.0 million remaining through September 2026.
Anterix (NASDAQ: ATEX) has announced its upcoming second quarter fiscal 2025 earnings conference call, scheduled for Thursday, November 14, 2024, at 9:00 a.m. ET. The company's newly appointed President and CEO, Scott Lang, will lead the senior management team in discussing the quarterly results. A press release detailing the financial outcomes will be issued after market close on Wednesday, November 13, 2024.
Interested parties can join the call by dialing 1-833-816-1120 (US) or 1-412-317-1861 (international). A replay of the call will be available on the Investor Relations section of Anterix's website at https://www.anterix.com/events/.
Anterix (NASDAQ: ATEX) has announced the appointment of Scott Lang as President and CEO, effective by November 1, 2024. Lang, with over 30 years of experience in telecommunications and electric utilities, replaces Rob Schwartz, who is stepping down after a decade of leadership. Lang's background includes serving as CEO and Executive Chairman of Silver Spring Networks, Inc., where he positioned the company as an innovative leader in the utility sector before its sale to Itron in 2018.
Anterix's Executive Chairman, Morgan O'Brien, expressed optimism about the company's future and gratitude for Schwartz's contributions. Vice Chairman Tom Kuhn praised Lang's experience in the utility sector. Lang stated his eagerness to drive 900 MHz private wireless broadband throughout the utility sector, drawing parallels between Anterix's mission and his work at Silver Spring Networks.
Anterix (NASDAQ: ATEX) is set to participate in the 2024 Annual Gateway Conference on September 4-5, 2024, at the Four Seasons Hotel in San Francisco. Chief Financial Officer Tim Gray will deliver a presentation on Wednesday, September 4, at 9:30 a.m. PT. The presentation will be available via live webcast and for later replay.
In addition to the scheduled presentation, Anterix management will engage in one-on-one meetings with interested investors and analysts during the event. This provides an opportunity for more in-depth discussions about the company's operations and future prospects. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
Anterix (NASDAQ: ATEX) reported its Q1 fiscal 2025 results, highlighting a new spectrum sale agreement with Oncor Electric Delivery Company for $102.5 million, with $10 million received in June 2024. The company's cash and cash equivalents stood at $51.7 million as of June 30, 2024. Anterix returned $2.0 million to stockholders through share repurchases and invested $5.4 million in spectrum clearing. The company also exchanged a narrowband license for a broadband license in one county, recording a $0.1 million gain. Anterix will hold an analyst and investor conference call on August 7, 2024, to provide a business update.
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