Anterix reports smaller-than-expected Q2 net loss
ATEX•Anterix reported a fiscal Q2 net loss of $4.99 million, below analysts’ $7.74 million estimate, while its pretax loss of $4.73 million exceeded the $2.92 million estimate. Spectrum revenue rose to $2.0 million from $1.6 million a year earlier, and the company expects about $9.6 million in contracted proceeds during the remainder of fiscal 2027.
1. Quarterly results
Anterix reported a fiscal Q2 net loss of $4.99 million, compared with analysts’ estimate of $7.74 million from three analysts. Its pretax loss was $4.73 million, wider than the $2.92 million estimate from four analysts, and its loss per share was $0.25.
2. Revenue and outlook
Spectrum revenue increased to $1.96 million from $1.6 million a year earlier. Anterix recorded a $6.1 million gain from exchanging narrowband for broadband licenses in six counties and expects about $9.6 million in contracted proceeds during the remainder of fiscal 2027.
