Anterix (ATEX) AI Stock Analysis

• Market Cap: $417.34M
• Dividend Yield: N/A
• Average Volume (3M): 212.95K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.42
• Revenue Growth: 15.97%
• EPS Growth: N/A
• Country: US
• Employees: 86
• Sector: Communication Services
• Sector Strength: 96
• Industry: Telecommunications Services
• EPS (TTM): 1.35
• Shares Outstanding: 18,739,790
• 10 Day Avg. Volume: 246,118
• 30 Day Avg. Volume: 212,946
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 74.26
• Enterprise Value/Gross Profit: 81.38
• Enterprise Value/Ebitda: -8.72
• 1Y Price Target: $23.00
• Price Target Upside: 4.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: $23.00 ▲(4.69% Upside)

Anterix's overall score reflects its strong strategic initiatives and financial health improvements, as highlighted in the earnings call. However, ongoing profitability and cash flow challenges, along with valuation concerns, moderate the score.

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 primarily through the leasing of its 900 MHz spectrum to utility and transportation companies, allowing them to establish private broadband networks that ensure secure and reliable communications. Key revenue streams include long-term spectrum licenses, service agreements for network deployment and maintenance, and consulting services related to network design and optimization. Additionally, Anterix forms strategic partnerships with technology providers and industry stakeholders to enhance its offerings and expand its market reach, which further contributes to its earnings.

Anterix Financial Statement Overview

Summary

Anterix is experiencing revenue growth but remains unprofitable with negative cash flows. The low leverage provides some stability, but the ongoing net losses and cash flow issues are significant concerns.

Income Statement

Anterix has shown a positive revenue growth trajectory from $1.08M in 2022 to $6.03M in 2025, indicating increasing sales momentum. However, the company remains unprofitable with persistent net losses and negative EBIT and EBITDA margins. The net profit margin remains negative due to higher expenses, signaling challenges in achieving profitability in the near term.

Balance Sheet

The balance sheet displays a strong equity position with a Debt-to-Equity ratio of 0.03, indicating low leverage. However, the declining stockholders' equity from $245M in 2020 to $156M in 2025 points to eroding shareholder value. The Equity Ratio stands at 47%, showcasing a solid equity base despite declining equity.

Cash Flow

Anterix’s cash flow position has deteriorated with a significant decline in operating cash flow. The Free Cash Flow has turned negative, and the Free Cash Flow Growth Rate has dipped, reflecting challenges in generating cash. The Operating Cash Flow to Net Income ratio is negative, indicating operational cash flow issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.90M	6.03M	4.19M	1.92M	1.08M	921.00K
Gross Profit	5.39M	6.03M	4.19M	1.91M	1.08M	515.00K
EBITDA	-50.27M	-48.48M	-51.62M	-53.43M	-46.50M	-47.27M
Net Income	-29.99M	-11.37M	-9.13M	-16.32M	-37.52M	-54.43M
Balance Sheet
Total Assets	326.68M	333.10M	324.89M	278.56M	278.04M	253.06M
Cash, Cash Equivalents and Short-Term Investments	28.80M	47.37M	60.58M	43.18M	105.62M	117.54M
Total Debt	5.35M	5.39M	5.30M	4.65M	5.69M	7.07M
Total Liabilities	181.93M	176.50M	163.86M	98.77M	91.75M	40.55M
Stockholders Equity	144.75M	156.60M	161.03M	179.79M	186.30M	212.51M
Cash Flow
Free Cash Flow	-8.83M	-47.45M	24.66M	-54.38M	-9.50M	-24.13M
Operating Cash Flow	-6.57M	-29.26M	41.99M	-27.25M	17.91M	-9.96M
Investing Cash Flow	-14.92M	22.75M	8.09M	-27.13M	-27.41M	-14.17M
Financing Cash Flow	-11.63M	-6.59M	-25.14M	-8.06M	-2.42M	4.22M

Anterix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 21.97 is below the 20-day moving average (MA) of 22.26, below the 50-day MA of 22.83, and below the 200-day MA of 29.80, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 44.90 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, 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	61 Neutral	$740.51M	―	-5.17%	―	10.20%	―
Sector *	60 Neutral	$46.29B	4.07	-13.12%	4.12%	1.85%	-42.71%
WOW	60 Neutral	$435.70M	―	-30.99%	―	-8.67%	63.35%
RBBN	59 Neutral	$736.66M	―	-11.45%	―	7.68%	18.65%
ATEX	55 Neutral	$417.34M	14.26	17.59%	―	15.97%	―
SHEN	52 Neutral	$720.25M	―	-3.93%	0.76%	16.73%	-237.78%
KORE	46 Neutral	$42.86M	―	174.77%	―	0.24%	68.22%

Anterix Corporate Events

Anterix Reports Strong Q1 Fiscal 2026 Results

On August 12, 2025, Anterix announced its first quarter fiscal 2026 results, highlighting significant financial and operational achievements. The company reported approximately $137 million in contracted proceeds, with $10 million received during the first fiscal quarter and $70 million expected for the remainder of fiscal 2026. Anterix also exchanged narrowband for broadband licenses in 62 counties, resulting in a $33.9 million gain, and delivered broadband licenses covering 27 counties, recording a $1 million gain. With no debt and $41.4 million in cash and cash equivalents as of June 30, 2025, Anterix continues to advance a $3 billion pipeline of prospective contract opportunities.

Anterix Holds Virtual Annual Stockholders Meeting

On August 5, 2025, Anterix Inc. held its Annual Meeting of Stockholders virtually, with a quorum of approximately 84.45% of eligible shares represented. During the meeting, stockholders elected seven directors, approved the compensation of named executive officers, and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending March 31, 2026.

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.