Anterix (ATEX) AI Stock Analysis

• Market Cap: $471.70M
• Dividend Yield: N/A
• Average Volume (3M): 173.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 43.90%
• EPS Growth: -24.87%
• Country: US
• Employees: 86
• Sector: Communication Services
• Sector Strength: 84
• Industry: Telecommunications Services
• EPS (TTM): 0.49
• Shares Outstanding: 18,695,873
• 10 Day Avg. Volume: 283,850
• 30 Day Avg. Volume: 173,577
• PEG Ratio: -0.89
• Price to Book (P/B): 3.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -35.85
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 23.39
• Enterprise Value/Gross Profit: 90.38
• Enterprise Value/Ebitda: -2.34
• 1Y Price Target: $67.00
• Price Target Upside: 165.56% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 52 Neutral
• Price Target: $27.00 ▲(7.02%Upside)

Anterix's strong demand and financial stability are overshadowed by ongoing profitability and cash flow challenges. The technical indicators suggest bearish momentum, and valuation concerns persist with a negative P/E ratio. The earnings call provided a positive outlook, but competitive risks remain.

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 generates revenue by leasing its 900 MHz spectrum licenses to utility companies and other critical infrastructure operators. This enables these organizations to build and operate private LTE networks, providing them with secure and reliable wireless communication solutions. The company also forms strategic partnerships with technology vendors and service providers to enhance its offerings, thus contributing to its revenue streams. Anterix focuses on long-term leasing agreements, which provide a stable and predictable revenue flow.

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
EBITDA	-50.27M	-51.62M	-53.43M	-46.50M	-47.27M	-33.74M
Net Income	-29.99M	-9.13M	-16.32M	-37.52M	-54.43M	-37.64M
Balance Sheet
Total Assets	326.68M	324.89M	278.56M	278.04M	253.06M	267.40M
Cash, Cash Equivalents and Short-Term Investments	28.80M	60.58M	43.18M	105.62M	117.54M	137.45M
Total Debt	5.35M	5.30M	4.65M	5.69M	7.07M	8.75M
Total Liabilities	181.93M	163.86M	98.77M	91.75M	40.55M	22.33M
Stockholders Equity	144.75M	161.03M	179.79M	186.30M	212.51M	245.07M
Cash Flow
Free Cash Flow	-8.83M	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: 25.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 25.23 is below the 20-day moving average (MA) of 27.05, below the 50-day MA of 27.88, and below the 200-day MA of 32.53, indicating a bearish trend. The MACD of -0.79 indicates Positive momentum. The RSI at 35.83 is Neutral, neither overbought nor oversold. The STOCH value of 14.51 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
SHEN	64 Neutral	$791.04M	―	-4.30%	0.69%	21.68%	-1010.29%
Sector *	61 Neutral	$41.24B	-0.79	-14.21%	3.80%	2.39%	-73.52%
RBBN	57 Neutral	$739.72M	―	-12.42%	―	1.91%	15.71%
SIFY	56 Neutral	$344.75M	―	-5.17%	―	9.62%	―
ATEX	52 Neutral	$471.70M	―	-7.16%	―	43.90%	-24.87%
KORE	47 Neutral	$39.47M	―	174.77%	―	-1.52%	22.36%
WOW	46 Neutral	$356.43M	―	-26.19%	―	-8.37%	78.45%

Anterix Corporate Events

Anterix Reports FY 2025 Results and Strategic Progress

On June 24, 2025, Anterix announced its fiscal year 2025 financial results, highlighting significant achievements such as new spectrum sale agreements and milestone payments from major utility companies. The company also launched the AnterixAccelerator™ initiative to promote utility adoption of private broadband networks, which has gained substantial interest. Anterix’s strategic review process is ongoing, and the company has a strong pipeline of prospective contract opportunities. Financially, Anterix reported no debt and substantial cash reserves, with a share repurchase program in place.

The most recent analyst rating on (ATEX) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.