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Anterix Inc. (ATEX)
NASDAQ:ATEX

Anterix (ATEX) AI Stock Analysis

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Anterix

(NASDAQ:ATEX)

Rating:52Neutral
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 (ATEX) vs. SPDR S&P 500 ETF (SPY)

Anterix Business Overview & Revenue Model

Company DescriptionAnterix 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 MoneyAnterix 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 Earnings Call Summary

Earnings Call Date:Jun 24, 2025
(Q4-2025)
|
% Change Since: -12.33%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong program performance, financial strength, and operational efficiency, overshadowing the potential competition from the 800 megahertz spectrum. Anterix's strategic initiatives and market leadership position indicate a positive outlook.
Q4-2025 Updates
Positive Updates
Successful AnterixAccelerator Program
The AnterixAccelerator program is oversubscribed, with utilities in active discussions for $250 million in spectrum. The demand for 900 megahertz LTE continues to be strong.
Strong Financial Position
Anterix has zero debt and closed the quarter with over $47 million in cash. The company has $150 million in outstanding contracted proceeds with $80 million expected in fiscal '26.
Record Year of Contracted Proceeds
Anterix achieved the best year of contracted proceeds, with deals totaling $116 million, covering 93% of Texas counties and expanding 900 megahertz broadband coverage across Texas.
Cost Optimization Success
Implemented targeted changes to cost structure, resulting in a $4 million reduction in operating expenses without impacting customer service or strategic priorities.
Momentum in FCC Process for 5x5 Megahertz
Positive momentum in the FCC process to allow for a 5x5 megahertz opportunity, with strong support from utilities, technology companies, and industry associations.
Negative Updates
Potential Competition from 800 Megahertz Spectrum
There is a possibility of competition from entities acquiring 800 megahertz spectrum, which could be an alternative choice for utilities.
Company Guidance
During the Anterix Fiscal Fourth Quarter 2025 Earnings Conference Call, the company provided guidance highlighting several key metrics and strategic initiatives. Anterix is currently oversubscribed with utilities for its AnterixAccelerator program, which offers $250 million of 900 megahertz LTE spectrum, demonstrating strong demand in the industry. The company reported having no debt and nearly $150 million in outstanding contracted proceeds, alongside a $3 billion pipeline and an aggressive strategic review process led by Morgan Stanley. Notably, Anterix closed the fiscal year with over $47 million in cash, contracted proceeds of $116 million, and a $4 million reduction in operating expenses from the first half of fiscal '25. Looking ahead, they expect $80 million in contracted payments during fiscal '26 and aim to surpass last year's best performance of $116 million in contracted proceeds. The company's efforts are supported by a robust partnership ecosystem, including prominent technology companies like Ericsson, GE, and Nokia, and they are also optimistic about the FCC's progress towards a 5 x 5 megahertz opportunity, which would enhance the offerings in the 900 megahertz band.

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
45
Neutral
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
55
Neutral
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
40
Negative
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.
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue5.90M4.19M1.92M1.08M921.00K1.56M
Gross Profit5.39M4.19M1.91M1.08M-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 Assets326.68M324.89M278.56M278.04M253.06M267.40M
Cash, Cash Equivalents and Short-Term Investments28.80M60.58M43.18M105.62M117.54M137.45M
Total Debt5.35M5.30M4.65M5.69M7.07M8.75M
Total Liabilities181.93M163.86M98.77M91.75M40.55M22.33M
Stockholders Equity144.75M161.03M179.79M186.30M212.51M245.07M
Cash Flow
Free Cash Flow-8.83M24.66M-54.38M-9.50M-24.13M-35.38M
Operating Cash Flow-6.57M41.99M-27.25M17.91M-9.96M-30.96M
Investing Cash Flow-14.92M8.09M-27.13M-27.41M-14.17M-4.43M
Financing Cash Flow-11.63M-25.14M-8.06M-2.42M4.22M96.11M

Anterix Technical Analysis

Technical Analysis Sentiment
Negative
Last Price25.23
Price Trends
50DMA
27.88
Negative
100DMA
32.25
Negative
200DMA
32.53
Negative
Market Momentum
MACD
-0.79
Positive
RSI
35.83
Neutral
STOCH
14.51
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 Risk Analysis

Anterix disclosed 32 risk factors in its most recent earnings report. Anterix reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Anterix Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
$791.04M-4.30%0.69%21.68%-1010.29%
61
Neutral
$41.24B-0.79-14.21%3.80%2.39%-73.52%
57
Neutral
$739.72M-12.42%1.91%15.71%
56
Neutral
$344.75M-5.17%9.62%
52
Neutral
$471.70M-7.16%43.90%-24.87%
47
Neutral
$39.47M174.77%-1.52%22.36%
WOWOW
46
Neutral
$356.43M-26.19%-8.37%78.45%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ATEX
Anterix
25.23
-14.75
-36.89%
SHEN
Shenandoah Telecommunications Co
14.42
-2.18
-13.13%
SIFY
Sify Technologies
4.76
2.17
83.78%
RBBN
Ribbon Communications
4.19
0.86
25.83%
WOW
Wideopenwest
4.17
-0.93
-18.24%
KORE
KORE Group Holdings
2.30
0.93
67.88%

Anterix Corporate Events

Stock BuybackBusiness Operations and StrategyFinancial Disclosures
Anterix Reports FY 2025 Results and Strategic Progress
Positive
Jun 24, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 26, 2025