Anterix (ATEX) 7 Aug 242025 Q1 Earnings call transcript

Welcome to the Anterix fiscal 2025 first quarter investor conference. [Operator Instructions] I would now like to turn the call over to your host, Natasha Vecchiarelli.

You may begin.

Thank you, operator, and good morning, everyone. I'm Natasha Vecchiarelli, Vice President of Investor Relations and Corporate Communications, and I welcome you to our first quarter fiscal year '25 investor update call.

Rob CFO; and Regulatory and Officer. are COO; Ryan and today Gray, Tim Chris us Schwartz, CEO; President Gerbrandt, Communications Joining Guttman-McCabe, Chief also our Tom joining I'm today. share is us Chairman, also Kuhn, to happy Vice that

are expected I are specific accessed the guidance. as on in Before remind company's reliance factors files on like actual are future our based call, cause risk cautioned may and commercial you to events regarding These the statements forward-looking our conference review to make including, this These can outlook, filings, would you be forward-looking and XX-K without that and website. limitation, turning differ or described during future may expectations over our to and place those assumptions not the or to materially we SEC from subject call to results statements these uncertainties. company's identify statements. We potential to statements. which undue Rob, performance that forward-looking events, Investors on current operations, such and Form risks encourage XX-Q,

to do obligation not assume over any update statements. that, we I'll the call to With turn Additionally, forward-looking any Rob.

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Riley first our Crawford from question B. And Securities. Mike comes of Instructions] [Operator

affect mechanisms little agreement rural involved with new Could you facilitate How easier just particular negotiations did individual that would any any scorecard? DI in tell there us more utility? this are NRTC And about this pricing bit that a partnership? your

levels. NRTC for Sure. about excited question. good Look, on Thanks agreement we're multiple the the

is, rural the an for of America. a sector fabric capabilities And MHz First in across into the the of is key expansion play cooperatives nation. it our us, energy role really the XXX

folks lot of well AMI former this been with they're of them. needs level and And other and the from They one driving key they're our NRTC And as have the some be communities of that's has the build-outs. relationship important of AMI really led that. of so support they brings the of vendors the of NRTC a specifically shown around broad past years. They just And a earlier pushed decades, that serving. primary by communications in fiber of know capabilities. experience. But serve we party distributors supported the rural to were to rural happens solutions Nextel they utilities for a importantly, in largest in past appropriate one as success And

their there's because the Company, really private is who, partnering we're in capturing as partner also as in ball role. X,XXX-plus value of Ericsson members, members, leader so as We're you well. know, the always Southern with their out of described operating been it as relationship part to that critical LTE a that's which relationship too cooperative their an of critical as of you about important And saw, deploying excited is I part and vendor, and crystal the that key also

between to that And easier think excited so about providing full all community. us, solution, MHz I we're an XXX of leveraging really

I asked about pricing. I think points these The are a couple that of are other be think services think they in which that you going critical. to key way there offered,

we We continue what garner for as they market future believe to value will these in be move our fair forward. transactions spectrum to

we look a this for utilities have together networks. a have valuable as cost-effective through we the network we and this channel be utility so of And nationwide really ability a to of that of to to able get fabric indirect the here thousands us really is continue and stitch -- to channel relationship at

you that's So maybe that? anything summary, add to want in Ryan, to

Yes.

has strong me the across kind things. capture effectively a in landscape couple co-op ability the a strategies track and a What record excites relationship. of with go-to-market to a for of a the organization is X,XXX NRTC just about members Rob channel U.S., this highlighted, Just some themselves. the They're the that co-op such

at and our from member-driven a where look front-end on, where they're strong that's go organization is how NRTC's a new you start the market has that there focus this. down are that there's some And ultimately forward those pieces embrace together. When co-ops and is, solution relationships like really ties. And So putting they some really to IOUs ways expertise moving unique need with needs.

NRTC help And very channel. terms looking the at we that in a in scale, it how much end so front putting way as of build we're

with want our a direct as having a of DI. NRTC, our it result, on channel. We're that don't us get still as manage how kind and progress so see we focused IOUs. reporting to impact to keep through how establish on And And keep to some we direct work we us that continue behind we'll channel underneath we going to

Okay.

maybe million million year Oncor. coming nice million, in the for year? Is but fiscal final first see deliveries still $XX in $XX the $XX in Tim, spectrum expecting from fiscal one it's $XX got of this more a or question company I you to next cash just for and million Just then me, from early another early think, in

you're Mike, Yes, correct.

got it's about year, $XX of including rest we Oncor in million total coming from we've year, amount have about a but So next collected for not this the $XX.X million of about $XXX fiscal yet. that significant of the million

see the of by in Oncor of our all from So year. we're the proceeds going fiscal end to next

of comes LightShed Walter from Our question Piecyk next Partners.

terms our it in is Just was you Kamala hasn't of been just where of things could who incremental that know is our under current under just that many very up perhaps and today. to bad. funding and obviously the I would of given put kind you infrastructure us, kind infrastructure or where Trump there to what improve remind where help seems demands programs try a for may infrastructure? It at sticks to don't want existing in in if like of but administration know that country then more utilities? us like upgrade situations the they odd have, And similarly, is frame EVs there, be could administration, the there's again, what Chris the the key might positions maybe

us a XX,XXX-foot on give view that out So could might play under if just -- Chris I administration. either how that was like I hoping just

would in a at not original the on last political. I all a order of working XX years first ] of a me FCC several for first mean, let Yes. of what working [ Republican -- and is report the been Yes, been I administration that's a say, it to down What all, The we're processing vote it was Anterix licenses happening and under was our have under and take administration we're incredibly fantastic. vote. the moment. Democratic

see So Trump we wins election. any Donald don't it difference, the Kamala whether Harris or wins

that's the I infrastructure with investment. probably of to Now true driving goals also regard infrastructure, think

wins. less money federal in we see Now will probably Trump coming if Donald

the think excited about bipartisan of weren't I billions. super the in that brought legislation hundreds infrastructure Republicans

tax of another other see could the my guess public focus But is revenue I to think So we'll going out particularly terms think credits to probably I and you're of dollars drive ways tax-based next investment. But less do funds. funding see in see companies. several and you from flowing -- stimulate things the to infrastructure over tranche months, GRIP you'll coming see like

deploying capital for it's new distribution for transmission about seeing new benefits helps out to up deploy built the or private lot to from those is you're use behind projects. frees area or gets sort and of that it infrastructure was it whether capital so flow us, money lines. net or dam And are of that wireless that up to starting going in to offset a private we're And it something another utility a lines

things All wireless wireless going enhanced are are to going broadband of a by be sort and benefit those private network. of or to

for we're dollars Anterix. the either So we I to for of is the to we going it's party excited look out be utilities fine sort net a as think at us. go whenever winning And because future think benefit

Biden I on that the any -- correct more that guess what I going Or I think of be reason benefit are it some kind But don't I administration, in getting term she competent the filled some a is years. push kind was there -- we weeks, done. Is more going the drill really know is. maybe people? have same to and is me I potentially? guess in weren't administration things have optimistic It agencies Is there weren't the improvements of I to to utilities? drawing to under administration, saying understand guys upgrades Kamala down that what the you for incrementally seems politically mean, some Trump ultimately were on context just the under you you that that to on of months, but proactivity

And that in -- would... that won't I political Sure. Walt always more the realm, we're he said confident, operating that saying say for hopes I will a I

baseline. out perspective improvement [Indiscernible] the think for where you

with and pace, She'll Department desires teasing. Yes, of can yes, an reality starting already I no, full own I'm she the she her begin the FCC, if begin things benefit yes. then know. that. in No, replace know. she'll right? DOE, operational at absolutely with will obviously full the and folks having the But like no, operating agencies Energy, I a a is FERC, point of from Biden

So running won. and net benefit the Biden would he as that have if that's she was still

can accelerate is there underpinning So and what she can out begin go accelerate wants activity. the the at change she do she she and beginning areas from XX-yard then she with where that line, but that, and right? to wants Certainly

a that got piece risk, right making you -- provides any, puzzle guys? here and in what how us And that it concern Rob, utilities, as that it's And a us wipes in the I've just their impacts but conversations going, network? connectivity -- and an but out built, there's in ask forms many -- that want regard. aggressive because impact to question concerns their in if the perception the an -- it investor in Yes. with getting refresh some other maybe primarily names, the Amazon mean, they've of think I want don't in their sure Can and to that gets are are Starlink, just I overall of to that sometimes Kuiper new on just try all seen it's market, view think, then, I but I just constellations they of create pretty connectivity you I the your

the a enough as from a from satellite of question. substitute Clearly to moving Absolutely. we're a there's utilities Sure. the complementary solution-set are I faster has well things is of the all standpoint with and and serve think all talking my around as of to it's why needs can play a bring build offer, provide specific different decades there they of often a been in where an to various latency ways heavy isn't you competition for cost than and have level the fringe role, for resiliency greater users. in that all nation, areas. as about have I reasons It's own wireline I Look, way as coverage communication forward space, to and now. But capabilities a path view, -- latency from think will of are their data the the important that solutions because whether to the choosing you forms those of wireline, that some control and the great wireless, as In cycle and of focus nothing that travel to on trying networks broadband lot the play satellite. to areas solution are. in that view, parties past, of part latency, kind for control, But said, in fiber, are lower have certain importantly, long a wireless. But operate role solutions today, mobility watching latency the in industrial as satellite some the of in does the capabilities low the in my fiber I'm provides a utilities getting there's effectiveness

complement to would add think see us we a will don't great satellite other future make could that that our at it else. I as than that I complement they think and where like but toolkit, a customers to And I be for our using wireless So look just in sense a have more to the that technology, built-out. anything is solutions

And Chris Rob, [indiscernible]. it's

it. are And on certainly to would support. but year, and over We're bipartisan Chris companies amount do bipartisan we Rob that I record spending have we that this think -- The basis. I $XXX agree billion with a building electric a infrastructure. work

get infrastructure accelerating accelerating and... and even propel with bill to that X conventions Act. are that messages both data The Rob on we're on really the -- things. as going is to both more working the so the I electricity across. What's the And their to their with Democrats is respect much bipartisan -- and Reduction growth Inflation One We indicated, centers campaigns things with some infrastructure Republicans think and

No, I want I asking it that's we investment put have to own just mean and more that going all with -- why was referenced, to on despite but -- generators we you everyone's down demands because constantly question is because electricity all only the EVs. additional now

be debate see increasing that have helps it Absolutely. is both are meet assistance And programs relationships be addition customers wildfires really the integrating fossil They Walt. have in the to the different address to the clean that, the power think Absolutely, much Anterix clean management to programs how is versus utilities -- virtual deal it weather very quite may energy move utilities but electricity a not and on or are need so cases into we're how where communications frankly, -- you extreme the which fuels to with to mutual challenge because know that they too. to going sources to demand. And to forward the energy And well-positioned on use, and this for technology here respect whether to industry. want. to think new the use I in it, a and very, modern all demand-side I with going there's of or that going or they the going and over plants

next [Operator of Instructions] And George from our Craig-Hallum. Sutton comes question

like and that. discussions speed of demand like process, Hawaii Obviously to about through question I that Have driving others first mitigation impact know speedier the been you're in potential there the no those in seeing? to the DI really any an Ryan. like and had quarter-over-quarter. things talked hasn't things mean not fire wanting terms wanted doesn't I that a event previously on We to scorecard changes my had go address movement.

the back last of changed quickly again, reported. to Just change And over but where the the side, reflecting weeks just connected all we you're what since in see kind right, on on Oncor we DI several deal, on didn't threshold, we're $X report we indicators have there through June, DI utilities new and We've about at, then. the that billion continuing did in set short is about to a XX more time. period DI a sitting accumulated new just above any of of had kind we this since indicators, has X in XX

continuing that as to continuing in line see sitting definitely are that above the So progress below opportunities deals and are to through. the both them sitting we're line develop

just Now the Tom fit San and think, think lens Kind the as speaking strategy. we've I that kind about, talked to lot of support Diego where one what a role wildfire broadband about played in their macro right certainly wildfires well. were and of another mitigation forces, I that are within Robert in

it the after come and critical focus putting officers of be the conversations to kind these say those a in stakeholders front folks which market in areas that I other the solutions unfortunately, able together see so of that to factors to conversation Beryl sits now build right broadband absolutely built utilities, probably play the think came Houston mind in address can CenterPoint executive how ready many thing. When media company on the get as through have able of to many is of one the drives around around But be which these industry, address out brings momentum another to the do to helps and all table add that our in helpful through, we're it. seeing how the we of the develop the of Texas as Energy, we it extract that to still impact supportive same environmental modern you're that do every by I'd really hurricanes within initiatives proactively they to of of fair themselves be issues. And and continuing had it's starts the with it to opportunity.

thought question The with next the could, have aggressive argue stock, the you. not being strategy for question, clients Probably the be of buy the I good what we are things to Got common would the given from higher Tim. you stock if with should I a why is get more announced. a back future, obviously our sense materially most once in these pretty pipeline

customers. have coming high from creditworthy You in very money

So extensively, lever a the process. accelerate bit up little even could to you

why curious Just more haven't been there? aggressive we

Thanks, George. Thanks for the question.

that said, quarter-by-quarter going the our X down on and as be out continue that some as do positioning, recent to As aggressive now looking spend, end going or past. We're We'll immediate continue off to plans. to of future our purchases with the rule move forward wouldn't got one any we've on receipts what may previously lower up and to right not base and although anything that's cash that's cetera move move as higher try in quarterly of in end have. et at we we we're this quarter, each our more But coming we've we to in a basis forward. move are where I were some quarters going of like like the the at scale recent had most forward at the quarters to that we've previous to leveraging

Our comes Jerome next JPMorgan. question from of Darling

terms an XxX proceedings? be share the provide of return sentiment comments you helpful. would process in terms can the update you're what Could seeing in you on Anything of around

question Thanks, Jerome. a Chris, that's to take. you for perfect

an which very in have and obviously sure weighed from Rob, No we Thanks, interference done, will of and is make few that in, companies proceeding. it. been Jerome. positive. just protected About thanks, XX-plus they opposed and has have one they support date ultimately the to entities Everything should A get perspective, Yes. would which done. did what

so we're positive. We've a positive now of long for proposed in all our proceeding goal where few opposition. out a I've more not over last crossed. get doing possible. But moment, working moving direction to comments no and And fingers a had is as seen the everything couple a with rulemaking next at in a time. the been of soon trickle FCC weeks. positive had the And phase, this the as you've is I've notice

just forward. we've is out center so And possible. to notice really proposed as as a to got keep got this moving we've and of get to front And to get our goal -- rulemaking chairwoman soon the and try with

further turn questions, Schwartz. I'll call seeing back I'm Rob the to over no

this the and to look we're Paul, to you talking you continuing for about morning. thank future. our you, in announce looking Take care. and of soon all joining all forward more excited to progress us to Thank forward activities and successful We

concludes today's for conference a That day. and you joining have call. Thank pleasant