10-Q Filing

ANTERIX INC. CIK: 1304492 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001304492-22-000028`
Period End Date	20220630
Filing Date	20220808
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	atex-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 60 Stockholders Equity 21

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$105.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.46M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.88M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$115.77M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$98.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.59M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.38M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.94M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.95M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$3.81M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.38M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.94M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$4.05M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$154.88M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$151.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.79M	USD	Point-in-time
Total assets	`Assets`	$278.04M	USD	Point-in-time
Total assets	`Assets`	$264.40M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.07M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.53M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$120.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$144.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.57M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.51M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.48M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.64M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$4.18M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$3.79M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$20.00M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$20.00M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiability`	$20.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$53.20M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$52.15M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$4.39M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$4.19M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$541.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$541.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$91.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$89.85M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at June 30, 2022 and March 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at June 30, 2022 and March 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,944,391 shares issued and outstanding at June 30, 2022 and 18,377,483 shares issued and outstanding at March 31, 2022	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,944,391 shares issued and outstanding at June 30, 2022 and 18,377,483 shares issued and outstanding at March 31, 2022	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$504.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$500.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-313.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-329.75M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$209.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$186.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$174.55M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$212.51M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$278.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$264.40M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Spectrum revenues	`Revenues`	$335.00K	USD	1 Quarter
Spectrum revenues	`Revenues`	$182.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.73M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.36M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.05M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.24M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.00M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$338.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$362.00K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$12.13M	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$14.05M	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$648.00K	USD	1 Quarter
Loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
Loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-18.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.96M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$26.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$17.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.86M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$146.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Net loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.68	USD	1 Quarter
Net loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.71	USD	1 Quarter
Net loss per common share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.68	USD	1 Quarter
Net loss per common share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.71	USD	1 Quarter
Weighted-average common shares used to compute basic net loss per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.74M	shares	1 Quarter
Weighted-average common shares used to compute basic net loss per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.62M	shares	1 Quarter
Weighted-average common shares used to compute diluted net loss per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.74M	shares	1 Quarter
Weighted-average common shares used to compute diluted net loss per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.62M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$338.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.00K	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$4.13M	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$3.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$146.00K	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$648.00K	USD	1 Quarter
Loss on disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
Loss on disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-18.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.18M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-55.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$238.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$300.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.46M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.21M	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-32.00K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$24.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$327.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$377.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-182.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-335.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-13.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.83M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.66M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$6.65M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$6.19M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$156.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.35M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$5.37M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$872.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.73M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$827.00K	USD	1 Quarter
Payments of withholding tax on net issuance of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.37M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.68M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.17M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-10.64M	USD	1 Quarter
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.62M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.54M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.90M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.46M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.62M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.54M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.90M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.46M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Network equipment provided in exchange for wireless licenses	`ContributionOfPropertyInExchangeForIntangibleAssets`	$4.00K	USD	1 Quarter
Network equipment provided in exchange for wireless licenses	`ContributionOfPropertyInExchangeForIntangibleAssets`	$18.00K	USD	1 Quarter
Shares surrendered from stock option exercises	`ShareBasedOptionsSharesSurrenderedFinancingActivities`	$1.00M	USD	1 Quarter
Shares surrendered from stock option exercises	`ShareBasedOptionsSharesSurrenderedFinancingActivities`	-	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Shares repurchased	`ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSharesRepurchasedValue`	$1.00M	USD	Point-in-time
Number of shares repurchased (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Number of shares repurchased (in shares)	`TreasuryStockSharesAcquired`	20,132.00	shares	Point-in-time
Number of shares repurchased (in shares)	`TreasuryStockSharesAcquired`	56,000.00	shares	1 Quarter
Beginning balance	`StockholdersEquity`	$209.16M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$186.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$174.55M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$212.51M	USD	Point-in-time
Equity based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.13M	USD	1 Quarter
Equity based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.30M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$872.00K	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.37M	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$827.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.00M	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.01M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$209.16M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$186.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$174.55M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$212.51M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.