NASDAQ$ATEX

Anterix Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Anterix reported Q4 2023 earnings and filed its 10-K for the year ended March 31, 2023.

Anterix reported spectrum revenue of $608 thousand and net income of $15,542 thousand for the fourth quarter of fiscal year 2023. The company's cash and cash equivalents totaled $43.2 million as of March 31, 2023.

  • Executed a new spectrum lease agreement with Xcel Energy for a total of $80.0 million, of which $8.0 million was received in December 2022.
  • Exchanged narrowband for broadband licenses in 84 counties and recorded a gain on exchange of narrowband licenses for broadband licenses of $38.4 million.
  • Cash used from operations was $27.3 million including customer receipts of $8.2 million.
  • Contracted cash proceeds of $100.8 million due to be received in Fiscal 2024.

Headline financials

Total Revenue

$608K

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

-$0.66

Previous: -$0.60-10.0%
Shares Repurchased

0

Previous: 52-100.0%
Average Price Paid Per Share

$57.35

Previous: $57.35+0.0%
Total Cost to Repurchase

$0.00

Previous: $2.97M-100.0%
Capital Expenditures

$583K

Previous: $801K-27.2%
Free Cash Flow

-$9.16M

Previous: -$9.93M+7.7%
Net Income

$15.5M

Previous: -$11M+241.1%
Operating Income

-$13.4M

Previous: -$11.8M-13.6%
Gross Profit

$603K

Previous: -$122K+594.3%
Cash & Equivalents

$43.2M

Previous: $106M-59.1%
Total Assets

$279M

Previous: $278M+0.2%

Revenue & EPS history

Anterix · Revenue · Quarterly

$608K

Q4 2023+81.5%vs Q4 2022
Beat estimate in 2 of 15 quarters(13%)
ActualEstimate

Revenue by segment

Anterix · $608K total across 1 segment · Q4 2023

  • Spectrum Revenue
    $608K

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 Q4 2023

Historical avgQ4 2023

+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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