10-Q Filing

ANTERIX INC. CIK: 1304492 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001304492-23-000043`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	atex-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 54 Stockholders Equity 17

Balance Sheet 70 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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.80M	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`	$16.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$43.84M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$59.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.54M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.92M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	19.05M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$3.09M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	19.05M	shares	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$3.37M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$215.79M	USD	Point-in-time
Intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$202.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.08M	USD	Point-in-time
Total assets	`Assets`	$278.56M	USD	Point-in-time
Total assets	`Assets`	$279.33M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.79M	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$533.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.73M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.66M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$20.25M	USD	Point-in-time
Contingent liability	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$20.25M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.19M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.60M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.92M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$52.15M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$57.99M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$57.26M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$5.17M	USD	Point-in-time
Deferred income tax	`DeferredIncomeTaxLiabilitiesNet`	$5.44M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$513.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$513.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$98.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$98.13M	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, 2023 and March 31, 2023	`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, 2023 and March 31, 2023	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 19,047,159 shares issued and outstanding at June 30, 2023 and 18,921,999 shares issued and outstanding at March 31, 2023	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 19,047,159 shares issued and outstanding at June 30, 2023 and 18,921,999 shares issued and outstanding at March 31, 2023	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$518.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$521.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-340.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-338.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$181.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$186.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$179.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$174.55M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$279.33M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$278.56M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Spectrum revenues	`Revenues`	$608.00K	USD	1 Quarter
Spectrum revenues	`Revenues`	$335.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.67M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.27M	USD	1 Quarter
Sales and support	`SellingAndMarketingExpense`	$1.24M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.07M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$246.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$362.00K	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$14.05M	USD	1 Quarter
Operating expenses	`CostsAndExpenses`	$14.26M	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$10.79M	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$648.00K	USD	1 Quarter
(Gain) loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
(Gain) loss from disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$31.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.07M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.84M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$386.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$17.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$59.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.36M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-13.00M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-240.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.71	USD	1 Quarter
Net loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Net loss per common share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.11	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`	18.62M	shares	1 Quarter
Weighted-average common shares used to compute basic net loss per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.95M	shares	1 Quarter
Weighted-average common shares used to compute diluted net loss per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.95M	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 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$362.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$246.00K	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$4.26M	USD	1 Quarter
Non-cash compensation expense attributable to stock awards	`AllocatedShareBasedCompensationExpense`	$4.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-272.00K	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$10.79M	USD	1 Quarter
Gain from disposal of intangible assets, net	`GainLossOnDispositionOfIntangibleAssets`	$648.00K	USD	1 Quarter
(Gain) loss on disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
(Gain) loss on disposal of long-lived assets, net	`GainLossOnSaleOfPropertyPlantEquipment`	$31.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-563.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.18M	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$283.00K	USD	1 Quarter
Right of use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$238.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.46M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.17M	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-533.00K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$24.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$388.00K	USD	1 Quarter
Operating lease liabilities	`OperatingLeaseLiabilitiesReduction`	$327.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-608.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-335.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.83M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$5.17M	USD	1 Quarter
Purchases of intangible assets, including refundable deposits	`PaymentsToAcquireIntangibleAssets`	$6.65M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.20M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$872.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$7.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.73M	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`	$752.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-745.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.15M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.17M	USD	1 Quarter
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.18M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.03M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.62M	USD	Point-in-time
Beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.46M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$43.18M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.03M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.62M	USD	Point-in-time
End of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.46M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$1.00K	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`	$438.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$181.19M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$186.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$179.79M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$174.55M	USD	Point-in-time
Equity based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.13M	USD	1 Quarter
Equity based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.26M	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.00K	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$872.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$827.00K	USD	1 Quarter
Shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$752.00K	USD	1 Quarter
Retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.73M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$181.19M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$186.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$179.79M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$174.55M	USD	Point-in-time

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