Anterix Swings to $90.6M FY26 Net Income on Spectrum Sales, Reversing Prior Year Loss
ATEX has more than doubled off its 52-week low of $17.58.
Summary
Anterix Inc. reported a significant financial turnaround for fiscal year 2026, posting $90.64 million in net income ($4.83 EPS) on $6.5 million in revenue. This represents a substantial swing from a $11.37 million loss ($0.61 EPS) in the prior year. The profitability was largely driven by spectrum license exchanges and sales, reflecting the company's strategic shift to a mixed commercialization model for its 900 MHz spectrum. This news summarizes the 10-K filing made earlier today, which had previously indicated the strong net income.
At the time of this announcement, ATEX was trading at $80.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $17.58 to $88.12. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.