We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Anterix Reports Narrower-Than-Expected Q1 Loss on Solid Revenue Growth
Read MoreHide Full Article
Key Takeaways
ATEX delivered 38.1% revenue growth, driven by higher spectrum revenues and new license activity.
Spectrum revenues rose to $1.96 million, but missed the $1.97 million consensus estimate.
ATEX held $119.92 million in cash and restricted cash, with $226.7 million left for buybacks.
Anterix Inc. (ATEX - Free Report) reported mixed first-quarter fiscal 2027 results, wherein the top line missed the Zacks Consensus Estimate, but the bottom line beat the same.
The company delivered 38.1% year-over-year revenue growth, driven by higher spectrum revenues. It also advanced its broadband spectrum business through new license activity and customer partnerships, while spectrum-clearing costs continued to weigh on the bottom line.
Net Income
On a GAAP basis, net income was $0.24 million or 1 penny per share compared with $25.18 million or $1.35 per share in the prior-year quarter. Despite top-line growth, lower gain on the exchange of intangible assets impacted profitability during the quarter.
Excluding non-recurring items, Anterix reported a non-GAAP net loss of 53 cents per share compared with a net loss of 48 cents per share in the prior-year quarter. The bottom line was narrower than the Zacks Consensus Estimate loss of 55 cents.
Spectrum revenues rose to $1.96 million from $1.42 million. The figure missed the consensus estimate of $1.97 million.
During the first quarter of fiscal 2027, the company’s operating expenses totaled $12.86 million compared with $13.81 million in the year-ago quarter. Operating loss in the quarter was $0.25 million against operating income of $22.48 million in the year-ago quarter.
Cash Flow & Liquidity
As of June 30, 2026, Anterix had total cash and cash equivalents and restricted cash of $119.92 million compared with $48.58 million a year ago, with no outstanding debt. The company generated $2.05 million in cash from operations during the reported quarter compared to cash utilization of $3.14 million in the prior-year quarter. No share repurchases occurred during the quarter, with $226.7 million remaining under buyback authorization.
In fiscal 2027, management expects to receive approximately $9.6 million of contracted customer cash proceeds.
Keysight Technologies, Inc. (KEYS - Free Report) is scheduled to release third-quarter fiscal 2026 earnings on Aug. 18. The Zacks Consensus Estimate for earnings is pegged at $2.46 per share, suggesting growth of 43.02% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 19.44%. The company delivered an average earnings surprise of 9.46% in the last four reported quarters.
Analog Devices, Inc. (ADI - Free Report) is set to release third-quarter fiscal 2026 earnings Aug. 19. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share, implying growth of 62.44% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 31.04%. The company delivered an average earnings surprise of 5.48% in the last four reported quarters.
Workday, Inc. (WDAY - Free Report) is set to release second-quarter fiscal 2027 earnings on Aug. 27. The Zacks Consensus Estimate for earnings is pegged at $2.63 per share, implying growth of 16% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 17.48%. The company delivered an average earnings surprise of 7.22% in the last four reported quarters.
View the Zacks #1 Rank List
Image: Bigstock
Anterix Reports Narrower-Than-Expected Q1 Loss on Solid Revenue Growth
Key Takeaways
Anterix Inc. (ATEX - Free Report) reported mixed first-quarter fiscal 2027 results, wherein the top line missed the Zacks Consensus Estimate, but the bottom line beat the same.
The company delivered 38.1% year-over-year revenue growth, driven by higher spectrum revenues. It also advanced its broadband spectrum business through new license activity and customer partnerships, while spectrum-clearing costs continued to weigh on the bottom line.
Net Income
On a GAAP basis, net income was $0.24 million or 1 penny per share compared with $25.18 million or $1.35 per share in the prior-year quarter. Despite top-line growth, lower gain on the exchange of intangible assets impacted profitability during the quarter.
Excluding non-recurring items, Anterix reported a non-GAAP net loss of 53 cents per share compared with a net loss of 48 cents per share in the prior-year quarter. The bottom line was narrower than the Zacks Consensus Estimate loss of 55 cents.
Anterix Inc. Price, Consensus and EPS Surprise
Anterix Inc. price-consensus-eps-surprise-chart | Anterix Inc. Quote
Revenues & Other Details
Spectrum revenues rose to $1.96 million from $1.42 million. The figure missed the consensus estimate of $1.97 million.
During the first quarter of fiscal 2027, the company’s operating expenses totaled $12.86 million compared with $13.81 million in the year-ago quarter. Operating loss in the quarter was $0.25 million against operating income of $22.48 million in the year-ago quarter.
Cash Flow & Liquidity
As of June 30, 2026, Anterix had total cash and cash equivalents and restricted cash of $119.92 million compared with $48.58 million a year ago, with no outstanding debt. The company generated $2.05 million in cash from operations during the reported quarter compared to cash utilization of $3.14 million in the prior-year quarter. No share repurchases occurred during the quarter, with $226.7 million remaining under buyback authorization.
In fiscal 2027, management expects to receive approximately $9.6 million of contracted customer cash proceeds.
ATEX’s Zacks Rank
Anterix currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Keysight Technologies, Inc. (KEYS - Free Report) is scheduled to release third-quarter fiscal 2026 earnings on Aug. 18. The Zacks Consensus Estimate for earnings is pegged at $2.46 per share, suggesting growth of 43.02% from the year-ago reported figure.
Keysight has a long-term earnings growth expectation of 19.44%. The company delivered an average earnings surprise of 9.46% in the last four reported quarters.
Analog Devices, Inc. (ADI - Free Report) is set to release third-quarter fiscal 2026 earnings Aug. 19. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share, implying growth of 62.44% from the year-ago reported figure.
Analog Devices has a long-term earnings growth expectation of 31.04%. The company delivered an average earnings surprise of 5.48% in the last four reported quarters.
Workday, Inc. (WDAY - Free Report) is set to release second-quarter fiscal 2027 earnings on Aug. 27. The Zacks Consensus Estimate for earnings is pegged at $2.63 per share, implying growth of 16% from the year-ago reported figure.
Workday has a long-term earnings growth expectation of 17.48%. The company delivered an average earnings surprise of 7.22% in the last four reported quarters.