Anterix Inc. (ATEX) saw its stock price soar 5.07% in intraday trading on Thursday, February 13th, following the release of its fiscal third-quarter 2025 earnings results and strategic updates.

The company reported solid financial results, with a $34 million incremental cash increase received at the end of January, bolstering its already strong cash position of $29 million as of December 31, 2024. Anterix also identified opportunities for approximately 20% annual cost reductions, further enhancing its efficiency and cash flows.

Notably, Anterix announced a $13.5 million expansion agreement with the Lower Colorado River Authority, extending its 900 MHz broadband coverage to 102 counties in Texas. This deal solidified the company's leading position in the private LTE deployment market, with its spectrum now covering 93% of Texas counties.

The company also provided updates on its strategic initiatives, including plans to launch an industry engagement initiative to accelerate the adoption of private 900 MHz broadband wireless networks among utilities. This initiative aims to address utilities' needs, offer pricing flexibility, and leverage Anterix's strong ecosystem of partners and customers.

Additionally, Anterix disclosed that it has received inbound strategic interest from various parties and has launched a strategic review process to consider potential opportunities that could accelerate its growth. The company's CEO, Scott Lang, highlighted Anterix's market leadership, robust pipeline, and favorable financial position as key drivers of this interest.