Trade Anterix Inc - ATEX CFD

Anterix Company profile

About Anterix Inc

Anterix Inc. is a wireless communications company, which is focused on commercializing its spectrum assets to enable its targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions. It holds a licensed spectrum in the 900 megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico. The Company is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises including communications platforms. It owns licenses of the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The Company is positioned to enable the private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.

Financial summary

BRIEF: For the nine months ended 31 December 2021, Anterix Inc revenues increased 1% to $749K. Net loss decreased 39% to $26.5M. Revenues reflect Spectrum revenue increase of 37% to $749K. Lower net loss reflects (Gain)/loss from disposal of intangible increase from $829K to $10.2M (income), Depreciation and amortization decrease of 71% to $996K (expense), Impairment of long-lived assets decrease from $40K (expense) to $0K.