Anterix reported a narrower-than-expected loss for the first quarter of fiscal 2027, with revenue rising 38.1% year over year on higher spectrum revenues. Spectrum revenues climbed to $1.96 million from $1.42 million a year earlier, though the figure fell just short of the Zacks Consensus Estimate of $1.97 million. On a GAAP basis, net income was $0.24 million, or 1 cent per share, down from $25.18 million, or $1.35 per share, in the prior-year quarter, as a lower gain on the exchange of intangible assets weighed on profitability. Excluding non-recurring items, the non-GAAP net loss was 53 cents per share, narrower than the consensus estimate loss of 55 cents and compared with a loss of 48 cents a year earlier. Operating expenses totaled $12.86 million versus $13.81 million in the year-ago quarter, and the company ended the period with $119.92 million in cash and restricted cash, no outstanding debt, and $226.7 million remaining under its buyback authorization. Management expects to receive approximately $9.6 million of contracted customer cash proceeds in fiscal 2027.
Anterix IncAnterix posted a narrower-than-expected Q1 loss with revenue up 38.1% on higher spectrum revenues, though GAAP net income fell on a lower intangible-asset exchange gain.
