Nucor earnings beat by $0.08, revenue fell short of estimates
Anterix Inc. (NASDAQ:ATEX) said Monday its audit committee has approved the engagement of Deloitte & Touche LLP as the company’s new independent registered public accounting firm for the fiscal year ending March 31, 2026. The appointment is effective immediately, pending completion of Deloitte’s standard client acceptance procedures and execution of an engagement letter.
The company, which provides telecommunications services, also announced it has dismissed Grant Thornton LLP as its independent auditor, effective June 26. The decision to change auditors was approved by the audit committee of Anterix’s board of directors.
According to a statement in the SEC filing, Grant Thornton’s reports on Anterix’s consolidated financial statements for the fiscal years ended March 31, 2025 and March 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles. The company reported there were no disagreements with Grant Thornton on accounting principles, financial statement disclosure, or auditing scope and procedures during the two most recent fiscal years and the interim period through June 26. There were also no reportable events as defined under SEC regulations.
Anterix stated that during the last two fiscal years, neither the company nor its representatives consulted with Deloitte on the application of accounting principles to any specific transactions, the type of audit opinion that might be rendered, or any matters that would have constituted a disagreement or reportable event.
A letter from Grant Thornton addressed to the SEC, dated June 30, was included as an exhibit in the filing.
This information is based on a statement made in a press release included in the company’s recent SEC filing.
In other recent news, Anterix Inc reported its fourth-quarter fiscal year 2025 results, revealing earnings per share (EPS) of $0.49, which fell significantly short of the forecasted -$0.4586. The company’s revenue also missed expectations, coming in at $1.39 million compared to the anticipated $1.71 million. Despite these financial shortfalls, Anterix maintains a robust cash position with over $47 million and no debt, which may provide some strategic flexibility moving forward. The company has launched the Anterix Accelerator program and a $250 million spectrum initiative, both of which have been well-received, indicating strong demand for its offerings. Anterix is also optimistic about potential Federal Communications Commission ( FCC (BME:FCC)) rule changes that could enhance its market presence. However, competition from the 800 MHz spectrum remains a concern for the company. Analysts from Craig Hallum and B. Riley Securities have shown interest in Anterix’s strategic initiatives and financial outlook, suggesting ongoing investor engagement. The company aims to expand its contracted proceeds beyond the $116 million achieved in the previous year, although specific projections were not disclosed.
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