Anterix Posts $0.25 Per-Share Loss as Spectrum Revenue Rises to $1.958 Million
Key Facts
Anterix reported its fiscal 2027 second-quarter results on November 10, posting a net loss of $4.993 million, or $0.25 per share, for the three months ended September 30, 2026. According to Investing.com, the per-share loss was below analysts’ estimate of $0.39, while the company’s revenue was $1.958 million, below consensus expectations of $2.05 million. The company therefore delivered mixed results, with a smaller-than-expected loss but revenue that fell short of estimates, the report said. The results covered the second quarter and first half of fiscal 2027. Shares fell 4.6% in after-hours trading on Tuesday following the results.
Results also differed sharply from the same period a year earlier, when the company reported net income of $53.536 million and basic and diluted earnings of $2.86 per share. In the current quarter, it swung to a net loss of $4.993 million, with a loss of $0.25 per share on both a basic and diluted basis. Spectrum revenue was $1.958 million, compared with $1.552 million in the second quarter of fiscal 2026. The comparison shows spectrum revenue rising from a year earlier even as the company swung from profit to loss. The revenue estimate of $2.05 million cited in the Investing.com report put actual revenue below analyst consensus.
Operating expenses totaled $13.760 million in the quarter, and the company recorded an operating loss of $5.710 million. The results statement included a gain of $6.092 million from the exchange of intangible assets. Anterix said it exchanged narrowband licenses for broadband licenses in 6 counties and recorded a gain of $6.1 million from the license exchange. It also spent $5.4 million on spectrum clearing during the quarter. The figures place the license exchange and spectrum clearing among the key operating items the company reported in its results.
The company said it had about $33.1 million in contractual proceeds due when it reported results and expects to collect about $9.6 million during the remainder of fiscal 2027. Those proceeds remain tied to customer agreements and the timing of their payments, a factor Anterix listed among the risks that could affect actual results. It also said its ability to clear 900 MHz broadband spectrum and secure licenses on time could affect results. The company did not repurchase shares in the second quarter, according to its statement. The full $250 million available under the repurchase program remained in place as of September 30, 2026, with the authorization running through September 22, 2029.
On spectrum use, Anterix announced that the iPhone 18 Pro and iPhone Duo are the first iPhone models to operate on dedicated private LTE networks using its 900 MHz spectrum, within band 106. This comes amid the company’s work on broadband licenses and spectrum clearing. After the quarter ended, the Federal Communications Commission issued a notice of proposed rulemaking on October 29 addressing supplemental coverage from space rules. The proceeding includes consideration of adding the 900 MHz band to the eligible bands. Anterix management was scheduled to discuss second-quarter results with investors and analysts on a call on November 11, 2026, at 9:00 a.m. Eastern Time.