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 (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.
Anterix (NASDAQ: ATEX) has been selected as a solutions provider by NRTC, representing over 1,500 rural electric and telephone utilities across 48 states. The agreement allows Anterix to offer its 900 MHz spectrum and supporting platform of utility applications to NRTC's electric utility cooperative members. This collaboration aims to enable the deployment of private, secure, and resilient 900 MHz wireless networks for electric cooperatives, supporting grid modernization and clean energy initiatives.
The partnership complements NRTC's existing collaborations with Southern Linc, Ericsson, and others to provide mission-critical smart-grid network solutions. This agreement has the potential to significantly expand Anterix's nationwide network of utility networks, benefiting from the economies of scale and the 100+ technology innovators in the Anterix Active Ecosystem.
Ericsson (NASDAQ: ERIC) has announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ: ATEX) to deliver cutting-edge private network solutions to electric cooperatives across the United States. This partnership aims to provide reliable, resilient, and secure network infrastructure for modernizing grid infrastructure.
Key aspects of the collaboration include:
- NRTC augmenting its fiber capabilities with Ericsson's cellular and microwave technologies
- Southern Linc providing core hosting solutions
- Anterix offering 900 MHz spectrum and ecosystem access
- Enabling co-ops to construct, own, and maintain LTE/5G-ready sites
This initiative is set to revolutionize co-op communications, setting new standards for reliability and security in the digital age.
Anterix (NASDAQ: ATEX) has announced the release of its first-quarter financial results for fiscal year 2025, scheduled for Tuesday, August 6, 2024, after market close. The company will host an analyst and investor conference call on Wednesday, August 7, 2024, at 9:00 A.M. ET to provide a business update.
Interested parties can join the call by dialing 1-888-999-6281 (U.S.) or 1-848-280-6550 (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) announced the nomination of nine candidates for its Board of Directors for the 2024-2025 period, comprising three new members: Scott Lang, William Heard, and Mark Fleischhauer, along with six returning directors. The new nominees bring significant experience in commercializing and scaling emerging technologies. Scott Lang, previously affiliated with Silver Spring Networks and Turvo, offers vast expertise in the utility and technology sectors. William Heard, CEO of Heard Capital , has a strong background in various sectors including telecommunications and energy. Mark Fleischhauer, formerly with Owl Creek Asset Management, has extensive experience in public equities and the telecommunications industry. The Board aims to enhance stockholder value and support Anterix’s growth in the energy sector. Further details are available in Anterix’s Proxy Statement on their investor relations website.
Anterix (NASDAQ: ATEX) will release its fiscal 2024 fourth-quarter financial results and file its 10-K for the year ending March 31, 2024, after the market closes on June 26, 2024. The results will be discussed during an analyst and investor call at 9:00 A.M. ET on June 27, 2024. The company will also provide a business update and discuss its recent agreement with Oncor Electric Delivery Company. Interested parties can join the call by dialing 833-816-1120 or 1-412-317-1861 for international callers. A replay will be available on Anterix's Investor Relations website.
FAQ
What is the current stock price of Anterix (ATEX)?
What is the market cap of Anterix (ATEX)?
What does Anterix Inc. do?
What is Anterix's core service?
Where is Anterix Inc. headquartered?
What spectrum does Anterix own?
When did Anterix change its name from PDVWireless, Inc.?
What recent financial achievements has Anterix made?
Who are Anterix's notable partners?
How does Anterix contribute to cybersecurity?
What is Anterix's role in the energy sector?
Where can I find more information about Anterix?
