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Anterix Inc. (ATEX)
NASDAQ:ATEX
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Anterix
(NASDAQ:ATEX)
Rating:49Neutral
Price Target:
$21.00
▼(-0.94%Downside)
Anterix (ATEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$401.40M
Dividend YieldN/A
Average Volume (3M)201.47K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth43.90%
EPS Growth-24.87%
CountryUS
Employees86
SectorCommunication Services
Sector Strength72
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.49
Shares Outstanding18,695,873
10 Day Avg. Volume180,382
30 Day Avg. Volume201,472
Financial Highlights & Ratios
PEG Ratio-0.62
Price to Book (P/B)2.79
Price to Sales (P/S)0.00
P/FCF Ratio-12.63
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue19.10
Enterprise Value/Gross Profit73.78
Enterprise Value/Ebitda-1.91
Forecast
1Y Price Target
$67.00Price Target Upside216.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Anterix Business Overview & Revenue Model
Company DescriptionAnterix Inc. (ATEX) is a telecommunications company primarily focused on providing wireless broadband solutions for the utility, energy, and critical infrastructure sectors. The company enables advanced communications through its 900 MHz spectrum assets, facilitating private LTE networks that enhance operational efficiency, reliability, and security for utility companies and other critical infrastructure operators.
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: -26.34%|
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 strong revenue growth but struggles with profitability and cash flow. The low leverage offers financial stability, but persistent losses and negative cash flows are 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.45
Neutral
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.50
Neutral
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.35
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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 | -685.00K |
| 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
Negative
21.20
Price Trends
26.03
Negative
29.96
Negative
31.41
Negative
Market Momentum
-1.38
Positive
22.05
Positive
10.36
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 21.2 is below the 20-day moving average (MA) of 23.69, below the 50-day MA of 26.03, and below the 200-day MA of 31.41, indicating a bearish trend. The MACD of -1.38 indicates Positive momentum. The RSI at 22.05 is Positive, neither overbought nor oversold. The STOCH value of 10.36 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 33 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 (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $405.16M | ― | -5.17% | ― | 10.20% | ― | |
62 Neutral | $844.80M | ― | -4.30% | 0.66% | 21.68% | -1010.29% | |
62 Neutral | $42.09B | -1.57 | -12.06% | 2.81% | 2.10% | -71.01% | |
57 Neutral | $686.76M | ― | -11.45% | ― | 7.68% | 18.65% | |
49 Neutral | $401.40M | ― | -7.16% | ― | 43.90% | -24.87% | |
49 Neutral | $46.16M | ― | 174.77% | ― | -1.52% | 22.36% | |
46 Neutral | $311.13M | ― | -26.19% | ― | -8.37% | 78.45% |
* Communication Services Sector Average
Performance Comparison
ATEX
Anterix
21.20
-18.91
-47.15%
SHEN
Shenandoah Telecommunications Co
15.17
-5.21
-25.56%
SIFY
Sify Technologies
5.55
2.93
111.83%
RBBN
Ribbon Communications
3.82
0.55
16.82%
WOW
Wideopenwest
3.64
-1.67
-31.45%
KORE
KORE Group Holdings
2.50
-0.49
-16.39%
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.