Anterix (ATEX) 14 Nov 242025 Q2 Earnings call transcript

Good morning, and welcome to the Anterix Fiscal Year 2025 Second Quarter Earnings Call. [Operator Instructions] Please note this event is being recorded. I would like now to turn the conference over to Natasha Vecchiarelli, Vice President of Investor Relations. Please go ahead.

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

and Scott COO; Gerbrandt, Chris Guttman-McCabe, Communications newly Joining CFO; and and Lang, Regulatory today Gray, our are appointed us President Officer. CEO; Chief Tim Ryan our

filings, performance. during related the we expected undue may which actual and call, and note on reliance call on Form are call obligation forward-looking I'd the statements to not Before statements. SEC do operations We from investors our With including conference commercial differ our outline These to turning future like to update not documents forward-looking these to Please inherent over undertake We risk uncertainties. on expectations cause could encourage discussed forward-looking statements based this Scott, I Scott. over remind XX-Q, our outlook, you turn place advise results they risks that will to everyone our those that assumptions, and available to are that, discuss do and website. current factors materially XX-K review carry These specific these to but we statements. to today. that any our

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Thanks, Scott.

future I've to incoming truly I share note working It's that the will past proceeds continue him the few enhance over Before on the looking execute for to to Scott outlined. our and to to I our we balance opportunity as priorities the of us that forward begin, to important and course value. am shareholder that had know want weeks, to opportunity provide the I with sheet he get also

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regards the With certain One will priorities accelerate deliver example we Turning actively team to mentioned. near year. that pursuing increase customers contractually than is help cash Scott of our to additional with request to timing fiscal buybacks will which payment that the our their term. program, to to fund be this of repurchase additional into required, at is flow earlier share working opportunities this spectrum some in

on initiatives a also efficiencies. we're next at share these our expenses look operating quarterly expect to call. addition, to hard drive more I taking our In have on to

conclude me that, we're a our the million solid that on Let several financial position. in sheet With to to contracted by and I'll received over balance $XXX the be roughly in Scott. cash years, reiterating with over back payments it turn next clearly

Tim. Thanks,

supporting insights provide please discussions. on I well. right now additional Tim look grid electric people, accomplishments their more in and with will are questions. the for strong Operator, to opportunities also we modernization the date in great efforts. With With and committed about and our that, sharing open to that to forward Brian the pride questions. we'll as lie nation's be call our utilities innovative the upcoming our are joining take partnerships call I solutions, excited Chris to We perspectives ahead. to open you and

[Operator first of Instructions] Sutton comes Our George question Craig-Hallum. from

of were First, a lot had points a and that in of that And tech. more working into some providing tech initial Scott, I'd was you you who made, detail, one I helpful, were these utilities you intro little at same is thought go the them to with Silver Spring, time, call, you our welcome. no like

technology a those old in deliver new and just to in position are those X? customers you same now technology. You the to Can differences talk about take

thanks that. back XX remember it I in George, ago. and be conversation was appreciate for the I -- we to had here. years Yes, it. great It's

prepared technology businesses capability remarks, that a ago, years leveraged bandwidth to extend cases, the saw We customers seeing very still more the that now movement now limit XX our with real. higher more that the that in hard use to from we have that to it's was us. use truly than years of XXX are today to has ago. and they what robust is pushed in XG has the States. XXX. million homes we're And as and And unlocked the that and it to the even spectrum not was touched, was really And available expect that XX imagine the of more United we across I secure, make Anterix more utilities more available it mentioned XX Sometimes the unlicensed have was that bar solutions demand, of we technology

changed. crossing used device. I it -- as that connected a running monthly that I've I think low having read and move with the couldn't crossed. conversations business weren't and bridge ever prior it when we to connectivity to to conversations clients, And momentum embracing you that goes challenges very getting these technology our with utility change their your So I then that than manual of think XXXX the And bridge, on. crossing a to clients, the from the faced imagine point-of-sale the device, never prospective these to back started was current to light point-of-sale the other

and the is valuable risk bar be a for with in can in customers has protect the the Anterix higher brings available is capability XG available and demands needs the and today. kind to to higher table market connection. the of the that market? much with unlocked Solutions grid gotten more Now What's the the

since the is natural some on just understand I and kind captures earlier conversations was And that they back And and had, about become that that have real a then, George. I a month of week X, conversations then, EEI, the it since progression conversations week this of those of I believe really that. think you ago.

been share Tim. program a that And makes other have on buyback My believer aggressive sense. question Super. is more as a record for I

I'm interested spectrum hearing So earlier contracted. the about of delivery than in

through it much to concept. you wanted logic the can I different? sure we walk that? economic Just appreciated behind Is just make this fully

being their by and the really it's move driven customer networks spectrum to George, deploy desire the faster. along their Yes, faster,

than which coming And proactively to faster flow result deliver had in in ask will so earlier. contractually customers obligated, us we've cash was

roughly projection now, we year. to fiscal fiscal year, right we'll So had next that current another our this in current on our fourth planned receive in that is quarter of million $XX come

this release year, the buyback So aggressive you'll And fiscal forward in be I quarters. the numbers stronger the more we much next program results going see with that bear additional feel in flow cash over those near think out can we our we term. few that with as

accelerate one that, know right. of do dime it's turn things is the The George, evolve be makes this, on it's a if And And the a we customer one what decisions. Chris. of offering know described, so their the the just Tim our but things I the but referenced ability Tim directly offering and you to what match to again, our deliver to unique sort flexible or that to to is utility exactly needs. this, ability of wants makes delivery ability unique to

[Operator Instructions] Our Riley. comes from next Crawford from question Mike B.

that about that expected in or that in quarter up altogether that quarter? $XX follow been you're talking the is that plus to million Just on that. million million in fiscal had $XX Tim, QX, $XX

quarter, million it's in Mike. that So $XX altogether

million that about the based this received the on on will low year. in $XX we've be year million we fiscal put the receiving year what and already this $XX fiscal for know signed, us we've XXs So we'll contracts

Excellent. And you've revisit you can Scott, process? your you fruit any Okay. as then share that low-hanging identified sales

Mike? first the question, any the part what? was What Can I of share

process. of said sales you've your every revisiting element You

investigation already there process, of can that this upon is embarked you upon? as you that improve you've anything identified So your think sales you

and and real I that to And offer good, nobody ago, carrier-led our years about Anterix kind challenges it a to with we prospects, is. and to Spring of faced What things, platform. were were the security, utilities why "Well, hoped examples that current us?" me while was going of a It fact very XX love the Silver as of to that solution. around And the that, be of them They offer. we the was as cannot need reminded pricing out can these fantastic? is many kind layered we would ago offer it entire just this story with was clients that on back when everybody to we networks. private the and be the carriers uniquely it positioned met hearing our control started could we come has is kind their we of that was cannot thing And they our of as couple thought say, up flexibility of talk protection with come to the testimonials ubiquity, why there love the I the call And of comes and started long upon One Yes, when mind XG most. they at own Anterix that. about able connectivity unique room the an that group offer weeks the when carriers

So those get as it value into were and get the details benefits, has. we the some Anterix Mike, that cases, use into of the the the of things, started to

lot had you folks those ask there. UBBA. Ryan, heard that add of stage actual couple to week doing. they're who put going deployments, I'm a out was And that how to be market. brag but our things like builds to this with about and are Maybe, Ryan to that they our to stories other's And -- and this our And seen really UBBA. so We work there. want stands that And on we me, to of to the Utilities, reference really we was the explaining movie from at don't which the biggest that that has taking getting saw compete clients upon they're something to from before. into And opportunity then the advocates. take use last each customers company this a on lab do other great each they I've necessarily a going you

where Yes, Yes, real a as just several the has ago has I'd deployments we've continued over their the cycle week be to and remarkable anything, a entire life learned, as organization I for years their been the no utilities evolved happy now of a testimonials, guys Kansas you And fantastic. conversation with with exception. And as been these like-minded founded some share the to know, trade turned cycle this board to. organization in was organization UBBA, utility-run experiences, with be seen we've partners mean, we City for last it lessons like then while, with that a frankly, ability tracking their non-profit and really played out. has life the

booth They different customers to to that continues XXX cameras, articulate we lean was when technology enabled advanced like that pole needs conversations of that taking host sensors, of as were able isolation experiences grid smart kind of get one salesperson the what of location, focus by your And with bread to the we everybody the customer showcasing the unlock. And it. So are saw. there display really on and as value over it that Scott's applications This FLISR, is ability there's kinds utility be about being trying to X on engage technology. I've and industry on application. and about conversations LTE capture they line devices utilities thousands kind to an year, is for was talk Evergy than getting They things having was modernize to your and in really to very say these butter already we blocks restoration, applications them who's successes. in many of they're having megahertz the really the and fall our were of, different powerful building put of out tilt able line had fault showing successes raving Mike, days a of of tool that that and the years by security which And these a that device and get grid in real ago about in service domain, we remarkable grid, in onboarded. SCADA, the and on the were surrounding just said past networks applications excitement, did learn and deployed, to their into. having experience had excited no sensors. X a example front really many having so the Kansas the management, that well. field City. I think of are understanding sharing going the I'm before, as there job devices that These to better their next voice key But and that's in be to the them will thousands us idea the got

Mike, And just I'll pile on.

use can that, now we around it see exciting because and exciting. And last And and the to the are going be at that the unlocks, as AI of what I ultimately that in and of security that will the is deployed Some value is cases to deployments. are the intelligence deployed that takes about enable in utilities now and very of their our talked and tested exciting technology their continue tested start is embrace think lab mile information and see data will and we grid endpoint hundreds AI the point that points data the the deployed our are to we that to unlocked utilities protect connectivity the the way of me per amount thousands brings, of a millions. security that the occasional to at chips for manual being it day. The of And that grid. spectrum

under Any led in last potentially FCC you seek perspective One look Brendan offer a XxX? LTE for me. of just question to instead as from approval the to administration XxX changes Carr

please? with his Chris, Chris I he respond it, to great conversations some and team and don't terrific and a had are doing you why that, job. have

think is it initial Mike, XxX recall of vote. And thing XX And to Commissioner that was was voted one Carr. Scott. our I the for commissioners a Thanks, first Yes. the

Chair the we multiparty the if Carr likely And movement don't in into I get the ultimately, our Chair is support the he petition see moves And of through petition the acting nature. anything Commissioner I about that process. will of and political believe the I'm role. excited very So see to

So to I'm do. team excited. He what and were supporters we have been able his strong of

where go I You X X think we've make help he just small, the FCC, at or on "This that. is ago delivered said, band could back it years but mighty." to we, statement his could

positioned, the just co-petitioners our as help evolution on I but So Anterix, XX, not X this to well happens we're move January think forward.

concludes I like Mr. our conference This question-and-answer session. would the to Lang Scott any over remarks. back to for closing turn

to like be following look excited for with would stay I up today with We're be rest of and and to conclude the your everybody. tuned. Have many support all you you to thanking to over a here. I'm week, coming here of excited of weeks. forward your great

now has attending conference today's presentation. Thank for concluded. The you

now may You disconnect.