Anterix(NASDAQ) ATEX

Anterix helps utilities build their own private wireless networks. It provides radio waves needed for secure data communication. Power companies use these tools to manage the electric grid.

Building Better Utility Networks

• 900 MHz Spectrum: Rights to specific radio frequencies used for secure wireless communication; provides the foundation for private broadband systems used by utility companies.
• TowerX: Access to a large network of wireless tower sites; helps customers install equipment faster through a partnership with Crown Castle.
• CatalyX: Digital tool for managing device connections; uses SIM card technology to link smart grid hardware to private and public networks.

Expanding the Airwaves

• Transitioned from a lease-focused business model to a broader operating strategy during fiscal 2026.
• Executed new spectrum sale agreements with CPS Energy, Texas-New Mexico Power, and NorthWestern Energy.
• Partnered with Crown Castle to launch the TowerX service for faster network deployment.
• Secured a new spectrum license sale agreement with Benton PUD in April 2026.
• Benefited from the FCC adopting the 2026 Report and Order which expanded the usable radio band from 6 to 10 megahertz.

What Makes Anterix Different?

Anterix holds exclusive radio licenses in all 3,233 U.S. counties, making it the only company that can enable certain broadband conversions in those areas. The company uses global communication standards to ensure its network solutions work with standard 4G and 5G equipment.

By the Numbers

• Net income reached $90.6 million in fiscal 2026, up 897% year-over-year.
• Spectrum revenue grew to $6.5 million in fiscal 2026, an 8% increase year-over-year.
• The company recorded a $105.4 million gain on the exchange of radio licenses for broadband versions in fiscal 2026.
• Cash and cash equivalents totaled $98.5 million as of March 31, 2026.
• The company price-to-earnings ratio was 9.6 in fiscal 2026, down from 18.3 in the previous year.

Bottom Line

Anterix has evolved from a spectrum licensing firm into an integrated service provider for critical infrastructure. This transformation positions the company as a key partner for utilities seeking to modernize and secure the national power grid.