Anterix Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
ATEX$75.47-6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Three months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(15,524) | $(2,118) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 179 | 246 |
| Stock compensation expense | 4,346 | 4,265 |
| Deferred income taxes | 1,057 | (272) |
| Right of use assets | 434 | 283 |
| Gain on disposal of intangible assets, net | (93) | (10,785) |
| Gain on disposal of long-lived assets, net | — | (31) |
| Changes in operating assets and liabilities | ||
| Prepaid expenses and other assets | 974 | 563 |
| Accounts payable and accrued expenses | (1,558) | 1,169 |
| Due to related parties | — | (533) |
| Operating lease liabilities | (531) | (388) |
| Contingent liability | 10,000 | — |
| Deferred revenue | (1,525) | (608) |
| Other liabilities | (120) | — |
| Net cash used in operating activities | (2,361) | (8,209) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of intangible assets, including refundable deposits, retuning costs and swaps | (5,400) | (5,170) |
| Purchases of equipment | — | (25) |
| Net cash used in investing activities | (5,400) | (5,195) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from stock option exercises | 1,617 | 7 |
| Repurchases of common stock | (2,027) | — |
| Payments of withholding tax on net issuance of restricted stock | (661) | (752) |
| Net cash used in financing activities | (1,071) | (745) |
| Net change in cash and cash equivalents and restricted cash | (8,832) | (14,149) |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | ||
| Cash and cash equivalents and restricted cash at beginning of the period | 68,124 | 43,182 |
| Cash and cash equivalents and restricted cash at end of the period | $59,292 | $29,033 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid during the period: | ||
| Taxes paid | $— | $1 |
| Operating leases paid | $593 | $574 |
| Non-cash investing activity: | ||
| Network equipment provided in exchange for wireless licenses | $47 | $438 |
| Right of use assets new leases | $248 | $65 |
| Right of use assets modifications and renewals | $247 | $— |
| The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows: | ||
|---|---|---|
| June 30, 2024 | March 31, 2024 | |
| Cash and cash equivalents | $51,715 | $60,578 |
| Escrow deposits | 7,577 | 7,546 |
| Total cash and cash equivalents and restricted cash | $59,292 | $68,124 |
| June 30, 2023 | March 31, 2023 | |
| Cash and cash equivalents | $29,033 | $43,182 |
| Escrow deposits | — | — |
| Total cash and cash equivalents and restricted cash | $29,033 | $43,182 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.