Anterix Ends Year with $98M Cash, Estimates $40M Expenses, CatalyX Demand Doubles
ATEX•Anterix ended fiscal year with over $98 million cash, zero debt and projects fiscal ’27 expenses around $40 million with clearing costs up from $27 million. Only 15% of its nationwide spectrum is contracted, though CatalyX interest has doubled as utility deals move to deployment and direct-to-device use expands.
1. Financial Position
The company closed the fiscal year with over $98 million in cash and carried no debt, underscoring a robust balance sheet ready to support growth initiatives.
2. Expense Guidance
Leadership projects operating expenses of approximately $40 million for fiscal ’27, while clearing costs are expected to rise above last year’s $27 million as spectrum transitions progress.
3. Spectrum Monetization
Only 15% of the nationwide spectrum has been contracted on a megahertz-pop basis, leaving significant untapped capacity for future sales and partnerships.
4. CatalyX Demand and Use Cases
Customer interest in the CatalyX offering more than doubled since February, advancing engagements from evaluation to deployment and sparking exploration of direct-to-device and satellite applications.
