Anterix, Inc. (NASDAQ:ATEX) Q1 2024 Earnings Conference Call August 2, 2023 9:00 AM ET

Company Participants

Natasha Vecchiarelli - Investor Relations

Robert Schwartz - President and Chief Executive Officer

Timothy Gray - Chief Financial Officer

Ryan Gerbrandt - Chief Operating Officer

Christopher Guttman-McCabe - Chief Regulatory and Communications Officer

Conference Call Participants

Simon Flannery - Morgan Stanley

Walter Piecyk - LightShed

Philip Cusic - JPMorgan

George Sutton - Craig-Hallum

Operator

Good day and welcome to the Anterix Investor Conference Call. All participants are in listen-only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference to Natasha Vecchiarelli. Please go ahead madam.

Natasha Vecchiarelli

Thank you and good morning, everyone. I'm Natasha Vecchiarelli, Vice President of Investor Relations and Corporate Communications, and I welcome you to the Anterix first quarter conference call. Joining me today are Rob Schwartz, President and CEO; Ryan Gerbrandt, COO; Tim Gray, CFO; and Chris Guttman-McCabe, Chief Regulatory and Communications Officer.

Before we begin, I'd like to remind you that we will make forward-looking statements during this call regarding future events and our anticipated future performance, such as our commercial outlook and guidance. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Investors are cautioned not to place undue reliance on forward-looking statements.

Additionally, we do not undertake any duty to update any forward-looking statements. Important factors and risks that could cause actual results to differ materially from the company's expectations are disclosed in our most recent SEC filings. These files can be accessed on our website or on the SEC's website. After Rob provides his prepared remarks, Tim will provide a quick update and we'll open the call for questions.

With that, I'll turn the call over to Rob.

Robert Schwartz

Thanks, Natasha. Good morning everyone and thank you for joining us. Our most recent call in April focused on the signing of the LCRA deal, providing them with broadband spectrum and in 68 counties of their approximately 73,000 square mile service territory in Texas. We highlighted that LCRA is unique to our previous customers as it's a public power generation and transmission utility and also water management utility, creating a new universe of private broadband use cases that's already attracting additional utility attention to Anterix.

Now before I start, I want to acknowledge that the frustration of investors with the cautious pace of the utility sector and our lagging stock price is not lost on us. We share in these frustrations. We do remain laser focused on continuing to capture valuable customer contracts that we will further demonstrate to the market the substantial value of our spectrum asset and our full business opportunity.