$ATEX

Anterix Inc.

CIK:0001304492|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Spectrum revenue	$ 1,958	$ 1,418
Operating expenses
General and administrative	9,624	10,449
Sales and support	1,911	1,493
Product development	1,220	1,120
Severance and other related charges	0	620
Depreciation and amortization	101	124
Operating expenses	12,856	13,806
Gain on exchange of intangible assets, net	(10,653)	(33,916)
Gain on sale of intangible assets, net	0	(961)
Loss from disposal of long-lived assets, net	1	8
(Loss) income from operations	(246)	22,481
Interest income	845	442
Other income	15	0
Income before income taxes	614	22,923
Income tax expense (benefit)	374	(2,257)
Net income	$ 240	$ 25,180
Net income per common share basic (in dollars per share)	$ 0.01	$ 1.35
Net income per common share diluted (in dollars per share)	$ 0.01	$ 1.35
Weighted-average common shares used to compute basic net income per share (in shares)	19,085,714	18,621,701
Weighted-average common shares used to compute diluted net income per share (in shares)	19,627,512	18,704,131

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 240	$ 25,180
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization	101	124
Stock compensation expense	3,282	3,632
Deferred income taxes	128	(2,507)
Right of use assets	312	113
Gain on exchange of intangible assets, net	(10,653)	(33,916)
Gain on sale of intangible assets, net	0	(961)
Loss from disposal of long-lived assets, net	1	8
Changes in operating assets and liabilities
Non-trade receivable	0	2,926
Prepaid expenses and other assets	(1,072)	377
Accounts payable and other accrued expenses	(2,521)	(2,556)
Accrued severance and other related charges	(1,177)	95
Operating lease liabilities	(331)	(186)
Contingent liability	0	1,054
Deferred revenue	13,735	3,542
Other liabilities	0	(65)
Net cash provided by (used in) operating activities	2,045	(3,140)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of intangible assets and other related costs	(6,703)	(3,966)
Proceeds from sale of spectrum	0	1,301
Purchases of equipment	(36)	0
Net cash used in investing activities	(6,739)	(2,665)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock option exercises	20,267	0
Payments of withholding tax on net issuance of restricted stock	(316)	(642)
Net cash provided by (used in) financing activities	19,951	(642)
Net change in cash and cash equivalents and restricted cash	15,257	(6,447)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash at beginning of the period	104,663	55,024
Cash and cash equivalents and restricted cash at end of the period	119,920	48,577
Cash paid during the period:
Taxes paid, including excise tax	216	0
Operating leases paid	419	569
Non-cash investing activity:
Capitalized change in estimated asset retirement obligations	0	(14)
Derecognition of contingent liability related to sale of intangible assets	0	1,172
Right of use assets new leases	42	321
Right of use assets modifications and renewals	$ (5)	$ 37

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets
Cash and cash equivalents	$ 116,010	$ 98,533
Spectrum receivable	14,266	10,638
Broadband licenses held for sale	13,000	0
Escrow deposits	3,910	6,130
Prepaid expenses and other current assets	5,892	4,684
Total current assets	153,078	119,985
Property and equipment, net	761	827
Right of use assets, net	3,757	4,069
Intangible assets	310,285	310,712
Deferred broadband costs	29,503	29,069
Other assets	541	548
Total assets	497,925	465,210
Current liabilities
Accounts payable and other accrued expenses	11,915	15,028
Accrued severance and other related charges	1,633	2,810
Operating lease liabilities	1,447	1,424
Contingent liability	2,220	2,220
Deferred revenue	14,331	14,513
Total current liabilities	31,546	35,995
Operating lease liabilities	2,641	2,995
Contingent liability	6,000	6,000
Deferred revenue	160,582	146,665
Deferred gain on sale of intangible assets	4,911	4,911
Deferred income tax	6,451	6,323
Total liabilities	212,131	202,889
Commitments and contingencies (See Note 12)
Stockholders’ equity
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at June 30, 2026 and March 31, 2026	0	0
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 19,550,348 shares issued and outstanding at June 30, 2026 and 18,914,271 shares issued and outstanding at March 31, 2026	2	2
Additional paid-in capital	587,850	564,617
Accumulated deficit	(302,058)	(302,298)
Total stockholders’ equity	285,794	262,321
Total liabilities and stockholders’ equity	$ 497,925	$ 465,210