Anterix appoints new CMO and CFO to drive broadband innovation

WOODLAND PARK, N.J. - Anterix (NASDAQ:ATEX), a provider of private wireless broadband spectrum for utilities with a market capitalization of approximately $400 million, announced Thursday executive leadership changes with the appointment of Heather Martin as Chief Marketing Officer and Chief of Staff, and Elena Marquez as Chief Financial Officer.

Marquez, who has served as Vice President of Finance and Controller at Anterix for the past four years, replaces Tim Gray, who is leaving the company to pursue other opportunities. Before joining Anterix, Marquez held senior finance positions at multinational companies including Prudential Financial, where she led a four-year transformation initiative. According to InvestingPro data, she inherits a company with strong fundamentals, including a healthy balance sheet with more cash than debt and a solid current ratio of 1.54.

Martin brings over 20 years of marketing experience, most recently from NRG Energy where she led corporate marketing efforts across North America, South Africa, and the Caribbean. Her previous experience includes work with Dell, Shell Energy, Microsoft, and General Motors.

"With these new leadership appointments, we mark a pivotal moment in our evolution," said Scott Lang, President and Chief Executive Officer of Anterix, according to the company’s press release.

The leadership changes come as Anterix positions itself to expand its services across utility and critical infrastructure sectors. The company, which has achieved revenue growth of nearly 16% over the last twelve months, is the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States, Alaska, Hawaii, and Puerto Rico. InvestingPro analysis shows 8 additional key insights about Anterix’s market position and growth potential, available to subscribers.

The announcement follows progress on the company’s Accelerator initiative and developments at the Federal Communications Commission regarding spectrum allocation that could affect Anterix’s business operations. The company’s stock is currently trading near its 52-week low, presenting an interesting situation for investors following utility sector developments.

The company stated these appointments reflect its commitment to enhance market engagement and execution as it works to scale its impact in the private broadband sector.

In other recent news, Anterix Inc. reported its first-quarter earnings for 2025, revealing a notable earnings per share (EPS) beat. The company achieved an actual EPS of $1.35, which significantly surpassed the forecasted EPS of -$0.55, marking a surprise of -345.45%. However, Anterix’s revenue did not meet expectations, coming in at $1.42 million compared to the anticipated $1.57 million, resulting in a 9.55% revenue miss. Despite the positive earnings surprise, the revenue shortfall is a key point for investors to consider. These recent developments highlight the importance of closely monitoring Anterix’s financial performance. Additionally, analyst assessments and projections may provide further insights into the company’s future trajectory. As the company navigates these financial results, stakeholders will be keenly observing any strategic adjustments or announcements.

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