Corrected: Anterix Q4 spectrum revenue rises; logs gains from asset sale

Anterix

10/06/2026 22:00

Corrects headline to remove causation between asset sale and revenue

Overview
US utility spectrum provider's fiscal Q4 spectrum revenue rose yr/yr
Company recorded gains from sale and exchange of intangible assets in the quarter
No share repurchases in Q4; $226.7 mln remains under buyback program

Outlook
Anterix expects contracted customer proceeds of $25.3 mln in fiscal 2027
Company expects $23.4 mln in contracted customer proceeds from FY28 through FY34
Company says proceeds depend on broadband license delivery milestones and may be penalized for delays

Result Drivers
LICENSE DELIVERIES - Co delivered broadband licenses to customers in 92 counties, recording $22 mln gain on sale of intangible assets
LICENSE EXCHANGES - Co exchanged narrowband for broadband licenses in 46 counties, recording $11.1 mln gain
SPECTRUM CLEARING COSTS - Co invested $7.4 mln in spectrum clearing costs in Q4

Company press release: ID:nGNX45RyBN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Spectrum Revenue
 
$1.96 mln
 
Q4 EPS
 
$0.98
 
Q4 Net Income
Miss
$18.52 mln
$25.69 mln (2 Analysts)
Q4 Pretax Profit
Miss
$20.38 mln
$24.71 mln (2 Analysts)
Q4 Basic EPS
 
$0.99
 
Q4 Operating Expenses
 
$15.22 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Anterix Inc is $50.00, about 22.5% below its June 9 closing price of $64.55

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)