NASDAQ$ATEX

Anterix Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Anterix reported first quarter fiscal year 2024 results.

Anterix reported its Q1 fiscal year 2024 results, which included cash and cash equivalents of $29.0 million as of June 30, 2023, and a $30.0 million spectrum sale agreement with Lower Colorado River Authority.

  • Cash and cash equivalents totaled $29.0 million as of June 30, 2023.
  • Entered into a $30.0 million spectrum sale agreement with Lower Colorado River Authority.
  • Exchanged narrowband for broadband licenses in 9 counties, recording a gain of $10.8 million.
  • Cash used in operations was $8.2 million.

Headline financials

Total Revenue

$608K

Previous: $335K+81.5%
EPS (adj)

-$0.11

Previous: -$0.71+84.5%
Spectrum Clearing Costs

$5.2M

No prior period
Capital Expenditures

-$25K

Previous: -$6K-316.7%
Free Cash Flow

-$8.23M

Previous: -$9.84M+16.3%
Net Income

-$2.12M

Previous: -$13.2M+83.9%
Operating Income

-$2.84M

Previous: -$13.1M+78.3%
Gross Profit

$608K

Previous: $335K+81.5%
Cash & Equivalents

$29M

Previous: $86.5M-66.4%
Total Assets

$279M

Previous: $264M+5.6%

Revenue & EPS history

Anterix · Revenue · Quarterly

$608K

Q1 2024+81.5%vs Q1 2023
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Revenue by segment

Anterix · $1.96M total across 1 segment · Q4 2026

  • Spectrum Revenue
    $1.96M

Forward guidance

The report contains forward-looking statements regarding Anterix's business, financial results, and outlook, which are subject to risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.3%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+1.5%

Avg return

30 days after

52%

24 / 46 earnings

Positive

+26.0%

Q4 2026

Best reaction

-8.0%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+26.0%+20.2%
Q3 2026+3.1%+10.7%+28.5%
Q2 2026+13.3%+18.2%+25.3%
Q1 2026-4.6%-0.8%-5.9%
Q4 2025-1.4%-2.8%-6.5%
Q3 2025-0.7%+15.2%+5.0%
Q2 2025-5.5%-2.1%-0.8%
Q1 2025-0.2%+2.8%-1.8%
Q4 2024+16.1%+25.7%+28.9%
Q3 2024+23.1%+26.1%+12.8%
Q2 2024+4.6%+7.6%+18.3%
Q1 2024+2.7%+7.7%+16.3%
Q4 2023+9.0%+3.4%-8.1%
Q3 2023-5.3%-5.8%-19.1%
Q2 2023+10.5%+10.5%-1.3%
Q1 2023+1.7%+6.9%-11.0%
Q4 2022-4.4%-10.1%-12.3%
Q3 2022+9.9%+16.0%+15.8%
Q2 2022-3.5%-3.2%-7.7%
Q1 2022-5.6%-7.4%-0.6%
Q4 2021-0.1%+19.3%+16.7%
Q3 2021-0.1%+3.4%+20.1%
Q2 2021+0.3%-10.9%-9.6%
Q1 2021+3.2%+1.0%-5.0%
Q4 2020-0.6%-1.8%-16.1%
Q3 2020+2.7%+0.6%-29.1%
Q2 2020+6.4%+2.8%+0.3%
Q1 2020-2.2%-9.6%-15.2%
Q4 2019+4.3%+20.5%+13.1%
Q3 2019+2.9%+2.7%-8.8%
Q2 2019+1.5%-6.0%-10.3%
Q1 2019+2.6%+2.5%-3.0%
Q4 2018-4.3%-3.9%-2.1%
Q3 2018+1.7%-6.5%+10.5%
Q2 2018-0.7%-2.3%+5.5%
Q1 2018+5.9%+0.5%+3.6%
Q4 2017+0.2%+2.0%-6.1%
Q3 2017+3.7%-0.2%+6.2%
Q2 2017-4.8%+0.9%+0.4%
Q1 2017-3.6%-6.8%+0.6%
Q4 2016-8.0%+1.1%+14.1%
Q3 2016-1.5%
Q2 2016-3.9%
Q1 2016+14.3%
Q4 2015-4.9%
Q3 2015+0.0%
Q2 2015
Q1 2015
Q4 2014
Q3 2013
Q2 2013
Q1 2013

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