Anterix Inc

NASDAQ:ATEXUnited States

Aug 6, 2024

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• -- Earnings Flash (ATEX) ANTERIX Reports Q1 Loss $-0.84, from 4:35PM ET on Tuesday Aug 06, 2024 by MT Newswires

  4:35PM ET on Tuesday Aug 06, 2024 by MT Newswires
  Companies Mentioned: ATEX
  04:35 PM EDT, 08/06/2024 (MT Newswires) -- ...

• ANTERIX INC. REPORTS FIRST QUARTER FISCAL YEAR 2025 RESULTS, from 4:30PM ET on Tuesday Aug 06, 2024 by PR Newswire

  4:30PM ET on Tuesday Aug 06, 2024 by PR Newswire
  Companies Mentioned: ATEX

  Anterix (NASDAQ: ATEX) today announced its first quarter fiscal 2025 results and filed its Form 10-Q for the three months ended June30, 2024. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at www.investors.anterix.com/Q12025.

• ANTERIX INC. REPORTS FIRST QUARTER FISCAL YEAR 2025 RESULTS, from 4:30PM ET on Tuesday Aug 06, 2024 by Dow Jones

  4:30PM ET on Tuesday Aug 06, 2024 by Dow Jones
  Companies Mentioned: ATEX
  ------------------------ ------------------------ Net loss $ (15,524) $ (2,118) ======================== ======================== Net loss per common share basic and diluted $ (0.84) $ (0.11) Weighted-average common shares used to compute basic and diluted net loss per share 18,486,964 18,951,046 Anterix Inc. Earnings Release Tables Consolidated Statements of Cash Flows (Unaudited, in thousands) Three months ended June 30, 2024 2023 -------------------------- --------------------------- CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (15,524) $ (2,118) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 179 246 Stock compensation expense 4,346 4,265 Deferred income taxes 1,057 (272) Right of use assets 434 283 Gain on disposal of intangible assets, net (93) (10,785) Gain on disposal of long-lived assets, net -- (31) Changes in operating assets and liabilities Prepaid expenses and other assets 974 563 Accounts payable and accrued expenses (1,558) 1,169 Due to related parties -- (533) Operating lease liabilities (531) (388) Contingent liability 10,000 -- Deferred revenue (1,525) (608) Other liabilities (120) -- -------------------------- --------------------------- Net cash used in operating activities (2,361) (8,209) -------------------------- --------------------------- CASH FLOWS FROM INVESTING ACTIVITIES Purchases of intangible assets, including refundable deposits, retuning costs and swaps (5,400) (5,170) Purchases of equipment -- (25) -------------------------- --------------------------- Net cash used in investing activities (5,400) (5,195) -------------------------- --------------------------- CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock option exercises 1,617 7 Repurchases of common stock (2,027) -- Payments of withholding tax on net issuance of restricted stock (661) (752) -------------------------- --------------------------- Net cash used in financing activities (1,071) (745) -------------------------- --------------------------- Net change in cash and cash equivalents and restricted cash (8,832) (14,149) CASH AND CASH EQUIVALENTS AND RESTRICTED CASH Cash and cash equivalents and restricted cash at beginning of the period 68,124 43,182 -------------------------- --------------------------- Cash and cash equivalents and restricted cash at end of the period $ 59,292 $ 29,033 ========================== =========================== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid during the period: Taxes paid $ -- $ 1 Operating leases paid $ 593 $ 574 Non-cash investing activity: Network equipment provided in exchange for wireless licenses $ 47 $ 438 Right of use assets new leases $ 248 $ 65 Right of use $ 247 $ -- assets modifications and renewals The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows: June 30, 2024 March 31, 2024 ------------------------ ------------------------ Cash and cash equivalents $ 51,715 $ 60,578 Escrow deposits 7,577 7,546 ------------------------ ------------------------ Total cash and cash equivalents and restricted cash $ 59,292 $ 68,124 ======================== ======================== June 30, 2023 March 31, 2023 ------------------------ ------------------------ Cash and cash equivalents $ 29,033 $ 43,182 Escrow deposits -- -- ------------------------ ------------------------ Total cash and cash equivalents and restricted cash $ 29,033 $ 43,182 ======================== ======================== Anterix Inc. Earnings Release Tables Other Financial Information (Unaudited, in thousands except per share data) Three months ended June 30, ----------------------------------------------------- 2024 2023 Number of shares 63 -- repurchased and retired Average price paid per $ 32.47 $ -- share* Total cost to $ 2,027 $ -- repurchase * Average price paid per share includes costs associated with the repurchases. As of June 30, 2024, $234.0 million is remaining under the share repurchase program.
  

• Press Release: ANTERIX INC. REPORTS FIRST QUARTER FISCAL YEAR 2025 RESULTS, from 4:30PM ET on Tuesday Aug 06, 2024 by Dow Jones

  4:30PM ET on Tuesday Aug 06, 2024 by Dow Jones
  Companies Mentioned: ATEX