Anterix (ATEX) AI Stock Analysis

• Market Cap: $503.70M
• Dividend Yield: N/A
• Average Volume (3M): 111.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.51
• Revenue Growth: 66.77%
• EPS Growth: -293.79%
• Country: US
• Employees: 86
• Sector: Communication Services
• Sector Strength: 89
• Industry: Telecommunications Services
• EPS (TTM): 0.41
• Shares Outstanding: 18,586,786
• 10 Day Avg. Volume: 110,709
• 30 Day Avg. Volume: 111,588
• PEG Ratio: -0.93
• Price to Book (P/B): 3.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -37.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $67.00
• Price Target Upside: 147.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 42 Neutral
• Price Target: ―

Anterix's stock is currently struggling due to financial performance challenges, including profitability and cash flow issues. The technical indicators suggest a bearish trend, and valuation metrics are weak with a negative P/E ratio. However, the earnings call provided some positive insights into strategic initiatives and financial stability, which could support future improvement. Overall, significant efforts are needed to enhance profitability and cash flow management.

Anterix Business Overview & Revenue Model

Company Description

Anterix Inc. operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks, technologies, and solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico. The company was formerly known as pdvWireless, Inc. and changed its name to Anterix Inc. in August 2019. Anterix Inc. was incorporated in 1997 and is headquartered in Woodland Park, New Jersey.

How the Company Makes Money

Anterix makes money primarily through the leasing of its licensed 900 MHz spectrum to utilities and other critical infrastructure operators, enabling them to deploy private LTE networks. These leases are structured as long-term agreements, providing Anterix with recurring revenue streams. Additionally, the company may generate revenue from consulting services related to network design, deployment, and ongoing support, although spectrum leasing remains its primary source of income. Strategic partnerships with technology providers and infrastructure companies further enhance its offerings and contribute to its revenue potential.

Anterix Financial Statement Overview

Summary

Anterix shows promising revenue growth but faces significant challenges in achieving profitability. The balance sheet is relatively stable with low leverage, but declining equity raises concerns. Cash flow issues are prominent, necessitating improved cash management to support ongoing operations and growth. Overall, the company needs to address profitability and cash flow to enhance its financial health.

Income Statement

Anterix's revenue has shown growth, with a significant increase from $1.92M in 2023 to $5.90M in TTM 2024, representing a strong upward trend. However, the company is struggling with profitability as evidenced by negative EBIT and net profit margins. Despite a high gross profit margin of 93.64% in TTM 2024, persistent losses indicate challenges in cost management and operational efficiency.

Balance Sheet

The balance sheet reflects a relatively stable position with a low debt-to-equity ratio of 0.04, indicating low leverage. However, the decline in stockholders' equity from $161.03M in 2023 to $144.75M in TTM 2024 suggests potential concerns about shareholder value. The equity ratio remains healthy at 44.30%, providing a cushion against financial instability.

Cash Flow

Cash flow challenges are evident as the company generated negative operating cash flows in TTM 2024 of $-6.57M and a significant decline in free cash flow. The free cash flow to net income ratio is negative, highlighting cash flow management issues. Despite past positive cash flow in 2023, the recent downturn raises concerns about liquidity.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
5.90M	4.19M	1.92M	1.08M	921.00K	1.56M
	Gross Profit
5.39M	4.19M	1.91M	1.08M	-685.00K	-1.27M
	EBIT
-33.60M	-10.12M	-54.85M	-47.95M	-54.81M	-37.38M
	EBITDA
-50.27M	-51.62M	-53.43M	-46.50M	-47.27M	-33.74M
	Net Income Common Stockholders
-29.99M	-9.13M	-16.32M	-37.52M	-54.43M	-37.64M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
60.58M	60.58M	43.18M	105.62M	117.54M	137.45M
	Total Assets
336.36M	324.89M	278.56M	278.04M	253.06M	267.40M
	Total Debt
5.30M	5.30M	4.65M	5.69M	7.07M	8.75M
	Net Debt
-55.28M	-55.28M	-38.53M	-99.94M	-110.47M	-128.71M
	Total Liabilities
175.33M	163.86M	98.77M	91.75M	40.55M	22.33M
	Stockholders Equity
161.03M	161.03M	179.79M	186.30M	212.51M	245.07M
Cash Flow		Free Cash Flow
-14.33M	24.66M	-54.38M	-9.50M	-24.13M	-35.38M
	Operating Cash Flow
-6.57M	41.99M	-27.25M	17.91M	-9.96M	-30.96M
	Investing Cash Flow
-14.92M	8.09M	-27.13M	-27.41M	-14.17M	-4.43M
	Financing Cash Flow
-11.63M	-25.14M	-8.06M	-2.42M	4.22M	96.11M

Anterix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATEX, the sentiment is Negative. The current price of 27.1 is below the 20-day moving average (MA) of 28.80, below the 50-day MA of 32.29, and below the 200-day MA of 33.90, indicating a bearish trend. The MACD of -1.14 indicates Negative momentum. The RSI at 29.81 is Positive, neither overbought nor oversold. The STOCH value of 12.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATEX.

Anterix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SIFY	65 Neutral	$368.33M	―	0.20%	―	9.62%	―
Sector *	60 Neutral	$14.12B	6.43	-3.56%	3.69%	2.49%	-35.43%
RBBN	58 Neutral	$619.67M	―	-12.42%	―	1.91%	15.71%
SHEN	52 Neutral	$617.69M	―	-4.30%	0.89%	21.68%	-1010.29%
WOW	48 Neutral	$361.56M	―	-26.19%	―	-8.37%	78.45%
KORE	45 Neutral	$39.81M	―	174.77%	―	-1.52%	22.36%
ATEX	42 Neutral	$503.70M	―	-18.92%	―	66.77%	-293.79%

Anterix Corporate Events

Anterix Unveils Q3 Results and Strategic Review

On February 11, 2025, Anterix announced its third quarter fiscal 2025 results, revealing a strategic review process and new initiatives to boost private wireless broadband opportunities. Financial highlights included cash reserves of $28.8 million and a $3 billion pipeline of prospective contracts with over 60 potential customers. The company also completed $4.4 million in share repurchases, leaving $229.6 million available under its repurchase program.