Nov 12 (Reuters) -

Overview

* Anterix ( ATEX ) posts fiscal Q2 net income of $53.5 mln vs loss of $12.8 mln year ago

* Company recorded $60 mln gain on broadband license exchange

* Launched TowerX and CatalyX solutions for utility network deployment

Outlook

* Company did not provide specific financial guidance for future quarters or fiscal year in its press release

Result Drivers

* ACCELERATED CUSTOMER PROCEEDS - Anterix ( ATEX ) accelerated $19 mln in customer proceeds into fiscal 2026, with over $60 mln expected by end of fiscal 2026

* NEW SOLUTIONS LAUNCH - Anterix ( ATEX ) launched TowerX and CatalyX solutions, targeting a $1 bln annual market opportunity for utility network deployment

* LICENSE GAINS - Anterix ( ATEX ) recorded $60 mln gain on exchange of broadband licenses and $11 mln gain on sale of broadband licenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $1.55

Spectrum mln

Revenue

Q2 EPS $2.86

Q2 Net $53.54

Income mln

Q2 $61.05

Pretax mln

Profit

Q2 Basic $2.86

EPS

Q2 $11.93

Operatin mln

g

Expenses

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 ( ATEX ) is $50.00, about 63.3% above its November 12 closing price of $18.35

Press Release:

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