Anterix shares dip after Q1 earnings beat

Shares of Anterix Inc. fell on Tuesday despite the company reporting first-quarter earnings that exceeded analyst expectations.

The wireless infrastructure provider posted adjusted net income of $2.1 million, or 10 cents per share, compared with a loss of $1.2 million, or 6 cents per share, in the same period a year ago. Revenue rose 13% to $14.7 million, driven by increased demand for private wireless network solutions.

Analysts had forecast adjusted earnings of 6 cents per share on revenue of $13.5 million, according to Refinitiv data. The earnings beat followed the company’s strategic pivot toward critical infrastructure communications, which has supported growth in recent quarters.

Despite the positive financial results, Anterix shares declined 4% to $12.80 in after-hours trading. Investors appeared focused on the company’s revised full-year guidance, which fell short of some market expectations. Anterix narrowed its revenue forecast to a range of $55 million to $58 million from $58 million to $62 million, citing supply chain delays and macroeconomic pressures.

The company also maintained its adjusted EBITDA guidance at $10 million to $12 million, reflecting confidence in operational efficiency despite softer top-line expectations. Management emphasized ongoing demand for private wireless networks, particularly in energy and utilities sectors, as a long-term growth driver.

The broader market downturn, with technology and small-cap stocks under pressure, may have also contributed to the selloff. Anterix’s stock has declined nearly 15% over the past month, underperforming the S&P 500’s 3% gain in the same period.

Analysts at William Blair maintained a neutral rating on the stock, citing balanced risks between growth opportunities and execution challenges.