Anterix (ATEX) AI Stock Analysis

• Market Cap: $366.93M
• Dividend Yield: N/A
• Average Volume (3M): 217.84K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.42
• Revenue Growth: 15.97%
• EPS Growth: N/A
• Country: US
• Employees: 86
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 1.35
• Shares Outstanding: 18,739,790
• 10 Day Avg. Volume: 167,236
• 30 Day Avg. Volume: 217,841
• PEG Ratio: -2.44
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 112.65
• P/FCF Ratio: -14.32
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 73.99
• Enterprise Value/Gross Profit: 75.57
• Enterprise Value/Ebitda: -41.69
• 1Y Price Target: $50.00
• Price Target Upside: 140.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 54 Neutral
• Price Target: $21.50 ▲(3.61% Upside)

Anterix's overall score is driven by strong earnings call highlights, including financial health and strategic progress. However, financial performance challenges and bearish technical indicators weigh down the score.

Anterix Business Overview & Revenue Model

Company Description

Anterix (ATEX) is a communications company that specializes in providing private broadband solutions for critical infrastructure sectors, particularly utilities and transportation. The company focuses on leveraging the 900 MHz spectrum to offer dedicated and reliable wireless connectivity for mission-critical operations. Anterix's core products and services include spectrum leasing, infrastructure deployment, and support for private networks that enhance operational efficiency and safety for its clients.

How the Company Makes Money

Anterix generates revenue primarily through the leasing of its 900 MHz spectrum to utility and transportation companies, allowing them to establish private broadband networks that ensure secure and reliable communications. Key revenue streams include long-term spectrum licenses, service agreements for network deployment and maintenance, and consulting services related to network design and optimization. Additionally, Anterix forms strategic partnerships with technology providers and industry stakeholders to enhance its offerings and expand its market reach, which further contributes to its earnings.

Anterix Financial Statement Overview

Summary

Anterix is experiencing revenue growth but struggles with profitability and cash flow. The company maintains low leverage, providing some financial stability, but ongoing net losses and negative cash flows are significant concerns.

Income Statement

Anterix has shown a positive revenue growth trajectory from $1.08M in 2022 to $6.03M in 2025, indicating increasing sales momentum. However, the company remains unprofitable with persistent net losses and negative EBIT and EBITDA margins. The net profit margin remains negative due to higher expenses, signaling challenges in achieving profitability in the near term.

Balance Sheet

The balance sheet displays a strong equity position with a Debt-to-Equity ratio of 0.03, indicating low leverage. However, the declining stockholders' equity from $245M in 2020 to $156M in 2025 points to eroding shareholder value. The Equity Ratio stands at 47%, showcasing a solid equity base despite declining equity.

Cash Flow

Anterix’s cash flow position has deteriorated with a significant decline in operating cash flow. The Free Cash Flow has turned negative, and the Free Cash Flow Growth Rate has dipped, reflecting challenges in generating cash. The Operating Cash Flow to Net Income ratio is negative, indicating operational cash flow issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.92M	6.03M	4.19M	1.92M	1.08M	921.00K
Gross Profit	5.80M	6.03M	4.19M	1.91M	1.08M	515.00K
EBITDA	-10.51M	-48.48M	-51.62M	-53.43M	-46.50M	-47.27M
Net Income	29.33M	-11.37M	-9.13M	-16.32M	-37.52M	-54.43M
Balance Sheet
Total Assets	359.58M	333.10M	324.89M	278.56M	278.04M	253.06M
Cash, Cash Equivalents and Short-Term Investments	41.43M	47.37M	60.58M	43.18M	105.62M	117.54M
Total Debt	5.20M	5.39M	5.30M	4.65M	5.69M	7.07M
Total Liabilities	174.81M	176.50M	163.86M	98.77M	91.75M	40.55M
Stockholders Equity	184.77M	156.60M	161.03M	179.79M	186.30M	212.51M
Cash Flow
Free Cash Flow	-30.16M	-47.45M	24.66M	-54.38M	-9.50M	-24.13M
Operating Cash Flow	-30.04M	-29.26M	41.99M	-27.25M	17.91M	-9.96M
Investing Cash Flow	25.49M	22.75M	8.09M	-27.13M	-27.41M	-14.17M
Financing Cash Flow	-6.16M	-6.59M	-25.14M	-8.06M	-2.42M	4.22M

Anterix Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATEX, the sentiment is Negative. The current price of 20.75 is below the 20-day moving average (MA) of 20.76, below the 50-day MA of 21.60, and below the 200-day MA of 27.69, indicating a bearish trend. The MACD of -0.63 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 21.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATEX.

Anterix Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
ATEX	―	$366.93M	12.54	17.59%	―	15.97%	―
ATNI	―	$224.21M	―	-9.15%	6.92%	-5.33%	-334.05%
SHEN	―	$682.38M	-18.97	-4.41%	0.77%	16.73%	-237.78%
RBBN	―	$609.27M	-14.08	-11.40%	―	7.38%	20.81%
WOW	―	$439.69M	―	-30.99%	―	-8.67%	63.35%
OOMA	―	$304.70M	―	-1.78%	―	5.42%	69.88%

Anterix Corporate Events

Anterix Awards $500,000 Bonus to Executive

On October 3, 2025, Anterix Inc. entered into a bonus agreement with its Chief Regulatory and Communications Officer, Christopher Guttman-McCabe. Under this agreement, Mr. Guttman-McCabe received a $500,000 bonus on October 8, 2025, for his contributions to the company’s operations and strategic efforts. If he leaves the company before October 3, 2027, he must repay the bonus. This agreement includes standard covenants and will be detailed in the company’s quarterly report.

The most recent analyst rating on (ATEX) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Announces New Executive Leadership Appointments

On September 18, 2025, Anterix announced significant changes in its executive leadership team, appointing Heather Martin as Chief Marketing Officer and Chief of Staff, and Elena Marquez as Chief Financial Officer. These changes aim to enhance the company’s ability to deliver transformative connectivity solutions to utilities and critical infrastructure sectors. The leadership transition marks a pivotal moment for Anterix as it seeks to scale its impact and modernize the grid, with CEO Scott Lang emphasizing the momentum and opportunities ahead for the company.

The most recent analyst rating on (ATEX) stock is a Hold with a $23.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Inc. Earnings Call Highlights Strategic Progress

Anterix Inc. Reports Strong Financial Health Amid Operational Improvements and Strategic Progress

Anterix Inc. Reports Strong Q1 2026 Financial Results

Anterix Inc., a leader in providing 900 MHz broadband solutions for utilities and technology companies, has announced its financial results for the first quarter of fiscal year 2026. The company, known for its extensive licensed spectrum holdings, focuses on modernizing grid solutions across the United States.

Anterix Reports Strong Q1 Fiscal 2026 Results

On August 12, 2025, Anterix announced its first quarter fiscal 2026 results, highlighting significant financial and operational achievements. The company reported approximately $137 million in contracted proceeds, with $10 million received during the first fiscal quarter and $70 million expected for the remainder of fiscal 2026. Anterix also exchanged narrowband for broadband licenses in 62 counties, resulting in a $33.9 million gain, and delivered broadband licenses covering 27 counties, recording a $1 million gain. With no debt and $41.4 million in cash and cash equivalents as of June 30, 2025, Anterix continues to advance a $3 billion pipeline of prospective contract opportunities.

The most recent analyst rating on (ATEX) stock is a Buy with a $67.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Anterix Holds Virtual Annual Stockholders Meeting

On August 5, 2025, Anterix Inc. held its Annual Meeting of Stockholders virtually, with a quorum of approximately 84.45% of eligible shares represented. During the meeting, stockholders elected seven directors, approved the compensation of named executive officers, and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending March 31, 2026.

The most recent analyst rating on (ATEX) stock is a Buy with a $67.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.