Anterix Reports Quarterly Financial Results
Thursday, November 07, 2019 | Comments

Anterix reported a loss of $7.7 million in its fiscal second quarter and revenue of $423,000 in the period.

The company had $157.5 million in available cash after raising $94 million in July in a public stock offering.

Anterix CEO Morgan O’Brien said the company has hired staff to complete the 900 MHz retuning process. The company expects the FCC to soon finalize rules proposed in March that realign the 900 MHz band and move incumbent narrowband licenses to other spectrum at 900 MHz to create a broadband segment, which Anterix plans to lease to electric utilities.

The full financial results are here.

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