ATEX Anterix Inc.

BULLISH Impact: 7/10 8-K
Horizon months Filed Apr 6, 2026 Processed 2mo ago SEC 0001304492-26-000016
8-K context-dependent: Items 8.01
Latest settled — T+20d
ATEX ▲ +19.84% at T+20d
LONG call ✓ call won +19.84% · α vs SPY +10.86% · entry $40.37 → $48.38
Next anchor: T+60d in 21d
Last close $66.24 (close Jun 8) · +64.08% from $40.37 entry
Entry anchored
Apr 2, 03:59 PM ET
via Databento tick
T+1d
+1.93%
call +1.93% · α +1.87%
$41.15
settled 2mo ago
T+5d
-10.95%
call -10.95% · α -15.08%
$35.95
settled 8w ago
T+20d
+19.84%
call +19.84% · α +10.86%
$48.38
settled 5w ago
T+60d
call — · α —
in 21d

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Executive Summary

Anterix Inc. announced the sale of 900 MHz broadband spectrum licenses to NorthWestern Energy for $7.7 million, marking the first deployment of Anterix's 10 MHz broadband configuration. This deal strengthens Anterix's position in the private wireless market and provides immediate revenue, though payment is tied to FCC licensing timelines.

Actionable Insight

This deal validates Anterix's business model and spectrum value, potentially attracting more utility customers. However, investors should monitor the FCC licensing process as revenue recognition is contingent on license approval. The 10 MHz configuration deployment could become a template for future deals.

Key Facts

  • Anterix sold 900 MHz broadband spectrum licenses to NorthWestern Energy for $7.7 million
  • The deal includes a 10 MHz broadband configuration, a first for Anterix
  • Total contract price is $7.7 million, with payments tied to FCC license issuance between 2026 and 2033
  • NorthWestern Energy becomes the tenth utility to secure Anterix's 900 MHz spectrum
  • Payment structure includes an initial payment upon signing and final payment upon FCC license grant

Financial Impact

$7.7 million in contract value, with revenue recognition dependent on FCC licensing timeline

revenuecashFlow

Risk Factors

  • Revenue recognition is contingent on FCC approval of broadband licenses, creating timing uncertainty
  • Anterix must clear existing incumbents from the spectrum, which could face technical or regulatory challenges
  • The deal's success depends on timely FCC licensing, which carries regulatory risk

Market Snapshot

Exchange
Nasdaq
Sector
Telephone Communications (No Radiotelephone)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001304492-26-000016
Document: anterixandnorthwesternen.htm0001304492-26-000016
Document: anterix-nwecontractfacts.htm0001304492-26-000016
Document: 0001304492-26-000016-index-headers.html0001304492-26-000016
Document: 0001304492-26-000016-index.html0001304492-26-000016
Document: 0001304492-26-000016.txt0001304492-26-000016
5 reports for ATEX
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +24.56%Apr 21, 2026
Filters
Rows
Reports for ATEX — sortable, filterable
Type Now
Jun 1, 2026
8d ago
Press Release
BEARISH ★ 7/10
$65.36 $66.64▼ −1.96%▼ −4.71%$66.24 (−1.35%)
May 18, 2026
22d ago
Press Release
BULLISH ★ 5/10
$54.98 $63.73▲ +15.91%▲ +14.30%$66.24 (+20.48%)
Apr 21, 2026
7w ago
8-K
NEUTRAL ★ 4/10
$44.14 $47.71▲ +8.09%▲ +7.00%$66.24 (+50.07%)
Apr 21, 2026
7w ago
Press Release
BULLISH ★ 6/10
$44.14 $47.71▲ +8.09%▲ +7.00%$66.24 (+50.07%)
Apr 6, 2026
9w ago
8-K
BULLISH ★ 7/10
$40.37 $35.95▼ −10.95%▼ −15.08%$66.24 (+64.08%)
Showing 5 of 5

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