Anterix Inc. Reports First Quarter Fiscal Year 2027 Results
Anterix reported first quarter fiscal 2027 results, with spectrum revenue rising 38% year-over-year to $1.96 million, though net income fell to $0.24 million from $25.2 million in the prior year due to significant gains on asset exchanges recorded last year. The company holds approximately $33.1 million in contracted proceeds and has a strong balance sheet with $116.0 million in cash, no debt, and $226.7 million remaining on its share repurchase authorization.
Key figures
- Eps
- 0.01
- Revenue
- 1958000
- Revenue Yoy
- 38%
- Restricted cash
- 3910000
- Cash and equivalents
- 116010000
- Buyback authorization remaining
- 226700000
- Contracted proceeds outstanding
- 33100000
AI analysis
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