2024 Q3 Form 10-Q Financial Statement
#000130449224000103 Filed on August 06, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $1.551M | $1.525M |
| YoY Change | 47.43% | 150.82% |
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $12.75M | $14.70M |
| YoY Change | -3.49% | 13.54% |
| % of Gross Profit | ||
| Research & Development | $1.776M | $1.750M |
| YoY Change | 54.84% | 63.7% |
| % of Gross Profit | ||
| Depreciation & Amortization | $151.0K | $179.0K |
| YoY Change | -28.1% | -27.24% |
| % of Gross Profit | ||
| Operating Expenses | $14.53M | $16.45M |
| YoY Change | 1.17% | 17.36% |
| Operating Profit | -$13.13M | -$15.01M |
| YoY Change | -681.23% | 428.78% |
| Interest Expense | $585.0K | $694.0K |
| YoY Change | 46.25% | 79.79% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $9.000K | $16.00K |
| YoY Change | -85.71% | -83.16% |
| Pretax Income | -$12.54M | -$14.30M |
| YoY Change | -561.22% | 506.53% |
| Income Tax | $230.0K | $1.222M |
| % Of Pretax Income | ||
| Net Earnings | -$12.77M | -$15.52M |
| YoY Change | -715.82% | 632.96% |
| Net Earnings / Revenue | -823.08% | -1017.97% |
| Basic Earnings Per Share | -$0.69 | -$0.84 |
| Diluted Earnings Per Share | -$0.69 | -$0.84 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 18.59M shares | 18.57M shares |
| Diluted Shares Outstanding | 18.59M shares | 18.49M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $43.13M | $51.72M |
| YoY Change | -11.07% | 78.12% |
| Cash & Equivalents | $43.13M | $51.72M |
| Short-Term Investments | ||
| Other Short-Term Assets | $906.0K | $2.386M |
| YoY Change | -93.14% | -83.38% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $12.74M | $11.59M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $56.77M | $65.69M |
| YoY Change | -8.59% | 49.84% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.726M | $1.836M |
| YoY Change | -25.7% | -27.74% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $520.0K | $1.312M |
| YoY Change | -96.54% | -90.67% |
| Total Long-Term Assets | $260.5M | $255.5M |
| YoY Change | 19.61% | 8.48% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $56.77M | $65.69M |
| Total Long-Term Assets | $260.5M | $255.5M |
| Total Assets | $317.2M | $321.1M |
| YoY Change | 13.35% | 14.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $7.086M | $7.748M |
| YoY Change | 1.23% | -0.58% |
| Accrued Expenses | $1.806M | $1.807M |
| YoY Change | 12.88% | 8.72% |
| Deferred Revenue | $5.915M | $5.968M |
| YoY Change | 12.01% | 106.08% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $15.81M | $16.52M |
| YoY Change | 3.33% | -49.32% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $229.0K | $411.0K |
| YoY Change | -55.36% | -19.88% |
| Total Long-Term Liabilities | $229.0K | $411.0K |
| YoY Change | -55.36% | -19.88% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $15.81M | $16.52M |
| Total Long-Term Liabilities | $229.0K | $411.0K |
| Total Liabilities | $178.2M | $172.4M |
| YoY Change | 71.69% | 75.63% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$402.5M | -$389.7M |
| YoY Change | 15.28% | 14.46% |
| Common Stock | $2.000K | $2.000K |
| YoY Change | 0.0% | 0.0% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $139.1M | $148.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $317.2M | $321.1M |
| YoY Change | 13.35% | 14.97% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$12.77M | -$15.52M |
| YoY Change | -715.82% | 632.96% |
| Depreciation, Depletion And Amortization | $151.0K | $179.0K |
| YoY Change | -28.1% | -27.24% |
| Cash From Operating Activities | -$2.648M | -$2.361M |
| YoY Change | -125.41% | -71.24% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $5.545M | $0.00 |
| YoY Change | 8.94% | -100.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$5.545M | -$5.400M |
| YoY Change | -127.6% | 3.95% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -362.0K | -$1.071M |
| YoY Change | -96.71% | 43.76% |
| NET CHANGE | ||
| Cash From Operating Activities | -2.648M | -$2.361M |
| Cash From Investing Activities | -5.545M | -$5.400M |
| Cash From Financing Activities | -362.0K | -$1.071M |
| Net Change In Cash | -8.555M | -$8.832M |
| YoY Change | -143.85% | -37.58% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$2.648M | -$2.361M |
| Capital Expenditures | $5.545M | $0.00 |
| Free Cash Flow | -$8.193M | -$2.361M |
| YoY Change | -253.71% | -71.33% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1850000 | usd |
| CY2023Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1275000 | usd |
| CY2024Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1750000 | usd |
| CY2023Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1069000 | usd |
| CY2024Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12851000 | usd |
| CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
11673000 | usd |
| CY2024Q2 | atex |
Deferred Gain On Sale Of Intangible Assets
DeferredGainOnSaleOfIntangibleAssets
|
4911000 | usd |
| CY2024Q1 | atex |
Deferred Gain On Sale Of Intangible Assets
DeferredGainOnSaleOfIntangibleAssets
|
4911000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18452892 | shares |
| CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18452892 | shares |
| CY2024Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
179000 | usd |
| CY2023Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
246000 | usd |
| CY2024Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
16630000 | usd |
| CY2023Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
14263000 | usd |
| CY2024Q2 | atex |
Gain From Disposal Of Intangible Assets
GainFromDisposalOfIntangibleAssets
|
93000 | usd |
| CY2023Q2 | atex |
Gain From Disposal Of Intangible Assets
GainFromDisposalOfIntangibleAssets
|
10785000 | usd |
| CY2024Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
31000 | usd |
| CY2024Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-15012000 | usd |
| CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2839000 | usd |
| CY2024Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
694000 | usd |
| CY2023Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
386000 | usd |
| CY2024Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
16000 | usd |
| CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
95000 | usd |
| CY2024Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-14302000 | usd |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2358000 | usd |
| CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1222000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-240000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15524000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2118000 | usd |
| CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.84 | |
| CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.84 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18486964 | shares |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18486964 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18951046 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18951046 | shares |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
161032000 | usd |
| CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4346000 | usd |
| CY2024Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1617000 | usd |
| CY2024Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
661000 | usd |
| CY2024Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
2027000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15524000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
148783000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
179793000 | usd |
| CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
4265000 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7000 | usd |
| CY2023Q2 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
752000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2118000 | usd |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
181195000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15524000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2118000 | usd |
| CY2024Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
179000 | usd |
| CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
246000 | usd |
| CY2024Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4346000 | usd |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4265000 | usd |
| CY2024Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1057000 | usd |
| CY2023Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-272000 | usd |
| CY2024Q2 | atex |
Increase Decrease In Operating Right Of Use Assets
IncreaseDecreaseInOperatingRightOfUseAssets
|
-434000 | usd |
| CY2023Q2 | atex |
Increase Decrease In Operating Right Of Use Assets
IncreaseDecreaseInOperatingRightOfUseAssets
|
-283000 | usd |
| CY2024Q2 | atex |
Gain From Disposal Of Intangible Assets
GainFromDisposalOfIntangibleAssets
|
93000 | usd |
| CY2023Q2 | atex |
Gain From Disposal Of Intangible Assets
GainFromDisposalOfIntangibleAssets
|
10785000 | usd |
| CY2024Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
31000 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-974000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-563000 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1558000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1169000 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
0 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-533000 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-531000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-388000 | usd |
| CY2024Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
10000000 | usd |
| CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
|
0 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1525000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-608000 | usd |
| CY2024Q2 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-120000 | usd |
| CY2023Q2 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
0 | usd |
| CY2024Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2361000 | usd |
| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8209000 | usd |
| CY2024Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5400000 | usd |
| CY2023Q2 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5170000 | usd |
| CY2024Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
| CY2023Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
25000 | usd |
| CY2024Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5400000 | usd |
| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5195000 | usd |
| CY2024Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1617000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
7000 | usd |
| CY2024Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2027000 | usd |
| CY2023Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd |
| CY2024Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
661000 | usd |
| CY2023Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
752000 | usd |
| CY2024Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1071000 | usd |
| CY2023Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-745000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8832000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-14149000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68124000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43182000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59292000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29033000 | usd |
| CY2024Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
| CY2023Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
593000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
574000 | usd |
| CY2024Q2 | atex |
Contribution Of Property In Exchange For Intangible Assets
ContributionOfPropertyInExchangeForIntangibleAssets
|
47000 | usd |
| CY2023Q2 | atex |
Contribution Of Property In Exchange For Intangible Assets
ContributionOfPropertyInExchangeForIntangibleAssets
|
438000 | usd |
| CY2024Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
248000 | usd |
| CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
65000 | usd |
| CY2024Q2 | atex |
Rights Of Use Asset For Modifications And Renewals
RightsOfUseAssetForModificationsAndRenewals
|
247000 | usd |
| CY2023Q2 | atex |
Rights Of Use Asset For Modifications And Renewals
RightsOfUseAssetForModificationsAndRenewals
|
0 | usd |
| CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51715000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60578000 | usd |
| CY2024Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
7577000 | usd |
| CY2024Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
7546000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
59292000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68124000 | usd |
| CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
29033000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
43182000 | usd |
| CY2023Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
0 | usd |
| CY2023Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
0 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
29033000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43182000 | usd |
| CY2024Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Operations and Basis of Presentation<div style="margin-top:12pt;padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Anterix Inc (the “Company”) is the utility industry’s partner, empowering enhanced visibility, control and security for a modern grid. The Company’s vision is to deliver secure, scalable solutions enabled by private wireless broadband connectivity, for the benefit of utilities and the communities that they serve. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska and Puerto Rico, the Company is uniquely positioned to deliver solutions that support secure, resilient and customer-controlled operations. The Company is focused on commercializing its spectrum assets and expanding the benefits and solutions it offers to enable the Company’s targeted utility and critical infrastructure customers to deploy private broadband networks.</span></div><div style="margin-top:12pt;padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Developments</span></div><div style="margin-top:12pt;padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In June 2024, the Company entered into a license purchase agreement with Oncor Electric Delivery Company LLC (“Oncor”) for total estimated consideration of $102.5 million under which Oncor will purchase 900 MHz spectrum licenses covering 95 counties to deploy a private wireless broadband network in its transmission and distribution service area (the “Oncor Agreement”).The total payment of $102.5 million comprises an initial payment of $10.0 million received in June 2024 and remaining payments that are due to the Company for each county, at closing. The timing and rights to milestone payments could vary as 900 MHz broadband licenses are granted by the FCC, broadband licenses are assigned to Oncor and incumbents are cleared by the Company. Oncor operates more than 143,000 circuit miles of transmission and distribution lines in Texas, delivering electricity to more than four million homes and businesses across a service territory that has an estimated population of approximately 13 million people. See Note 10 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Contingencies and Guaranty</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on the Oncor Agreement.</span></div><div style="margin-top:12pt;padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Basis of Presentation and Use of Estimates</span></div><div style="margin-top:12pt;padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”), certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, these unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the SEC on June 26, 2024 (the “2024 Annual Report”). In the Company’s opinion all normal and recurring adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented have been included. The Company believes that the disclosures made in the unaudited consolidated interim financial statements are adequate to make the information not misleading. The results of operations for the interim periods presented are not necessarily indicative of the results for the year. The Company is also required to make certain estimates and assumptions that affect the reported amounts. These estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the financial statements in the applicable period. Accordingly, actual results could materially differ from those estimates.</span></div><div style="padding-left:27pt"><span><br/></span></div><div style="padding-left:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.</span></div> | |
| CY2024Q2 | us-gaap |
Revenues
Revenues
|
1525000 | usd |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
608000 | usd |
| CY2024Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
1027000 | usd |
| CY2023Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
870000 | usd |
| CY2024Q2 | atex |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
26000 | usd |
| CY2023Q2 | atex |
Capitalized Contract Cost Additions
CapitalizedContractCostAdditions
|
28000 | usd |
| CY2024Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
30000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
10000 | usd |
| CY2024Q2 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
1023000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
888000 | usd |
| CY2024Q2 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
586000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
445000 | usd |
| CY2024Q2 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
437000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Net Noncurrent
CapitalizedContractCostNetNoncurrent
|
443000 | usd |
| CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
122212000 | usd |
| CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
60759000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
|
0 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
|
0 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1525000 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
608000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
120687000 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
60151000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
5968000 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2896000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
114719000 | usd |
| CY2023Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
57255000 | usd |
| CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
185600000 | usd |
| CY2024Q2 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P30Y | |
| CY2023Q4 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
7500000 | usd |
| CY2024Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
7600000 | usd |
| CY2024Q2 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | usd |
| CY2023Q2 | us-gaap |
Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
|
0 | usd |
| CY2024Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
216743000 | usd |
| CY2023Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
202044000 | usd |
| CY2024Q2 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
2940000 | usd |
| CY2023Q2 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
2966000 | usd |
| CY2024Q2 | atex |
Indefinitelived Intangible Assets Exchanged Licenses Received
IndefinitelivedIntangibleAssetsExchangedLicensesReceived
|
126000 | usd |
| CY2023Q2 | atex |
Indefinitelived Intangible Assets Exchanged Licenses Received
IndefinitelivedIntangibleAssetsExchangedLicensesReceived
|
13292000 | usd |
| CY2024Q2 | atex |
Indefinitelived Intangible Assets Exchanged Licenses Surrendered
IndefinitelivedIntangibleAssetsExchangedLicensesSurrendered
|
33000 | usd |
| CY2023Q2 | atex |
Indefinitelived Intangible Assets Exchanged Licenses Surrendered
IndefinitelivedIntangibleAssetsExchangedLicensesSurrendered
|
2507000 | usd |
| CY2024Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
219776000 | usd |
| CY2023Q2 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
215795000 | usd |
| CY2024Q2 | atex |
Broadband Licenses Granted Number Of Counties
BroadbandLicensesGrantedNumberOfCounties
|
1 | county |
| CY2024Q2 | atex |
Broadband Licenses Granted Number Of Counties
BroadbandLicensesGrantedNumberOfCounties
|
1 | county |
| CY2024Q2 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
100000 | usd |
| CY2023Q2 | atex |
Broadband Licenses Granted Number Of Counties
BroadbandLicensesGrantedNumberOfCounties
|
9 | county |
| CY2023Q2 | atex |
Broadband Licenses Granted Number Of Counties
BroadbandLicensesGrantedNumberOfCounties
|
9 | county |
| CY2023Q2 | us-gaap |
Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
|
10800000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y7M28D | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y9M7D | |
| CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.09 | |
| CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.12 | |
| CY2024Q2 | us-gaap |
Lease Cost
LeaseCost
|
500000 | usd |
| CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
500000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
501000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
507000 | usd |
| CY2024Q2 | us-gaap |
Lease Cost
LeaseCost
|
501000 | usd |
| CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
507000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4493000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4432000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1807000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1850000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3453000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3446000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1688000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1562000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1158000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
815000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
558000 | usd |
| CY2024Q2 | atex |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
249000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
6030000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
770000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5260000 | usd |
| CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.265 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.249 | |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
239900 | shares |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
190860 | shares |
| CY2024 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
266539 | shares |
| CY2023Q3 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
250000000.0 | usd |
| CY2024Q2 | us-gaap |
Excise Taxes Collected
ExciseTaxesCollected
|
100000 | usd |
| CY2024Q2 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
63000 | shares |
| CY2023Q2 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
| CY2024Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
32.47 | |
| CY2023Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
0 | |
| CY2024Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2027000 | usd |
| CY2023Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
0 | usd |
| CY2024Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
234000000.0 | usd |
| CY2024Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
215423 | shares |
| CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
193948 | shares |
| CY2021Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
20000000.0 | usd |
| CY2023Q4 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
7500000 | usd |
| CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |
