- United States
- /
- Telecom Services and Carriers
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- NasdaqCM:ATEX
Anterix Full Year 2024 Earnings: Misses Expectations
Anterix (NASDAQ:ATEX) Full Year 2024 Results
Key Financial Results
- Net loss: US$9.13m (loss narrowed by 44% from FY 2023).
- US$0.49 loss per share (improved from US$0.87 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Anterix Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 51%.
In the last 12 months, the only revenue segment was Wireless Communications Services contributing US$4.19m. The largest operating expense was General & Administrative costs, amounting to US$44.4m (78% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$43.3m. Explore how ATEX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 103% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are up 34% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Anterix that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqCM:ATEX
Excellent balance sheet and slightly overvalued.
