How does ATEX's earnings trend look for 2025?

Anterix Inc. (ATEX) is poised for a positive earnings trend in 2025, driven by strategic initiatives and financial performance indicators:

1. **Strategic Review and Investor Interest**: Anterix's initiated strategic review process after receiving inbound interest from potential buyers or partners has fueled speculation about a potential sale or partnership, likely leading to a change in the company's trajectory.
2. **Financial Performance**: Anterix has demonstrated strong revenue growth of 97% over the last twelve months. Although the company is not expected to be profitable in 2025, the positive revenue trend and the initiation of a strategic review process could lead to improved profitability in the future.
3. **Cash Position and Share Repurchase Program**: The company has a strong cash position with cash and cash equivalents of $28.8 million as of December 31, 2024, and no outstanding debt. Additionally, the share repurchase program, with $229.6 million still available for buybacks, suggests confidence in the company's financial stability and potential stock price appreciation.
4. **Market Position and Pipeline**: Anterix has a substantial pipeline of prospective contract opportunities across 60+ potential customers, indicating a strong market position and potential for future growth. The company's focus on expanding its private wireless broadband offerings also positions it well for potential market expansion.

In conclusion, while Anterix is not expected to be profitable in 2025, its strong revenue growth, strategic initiatives, and financial position suggest a positive earnings trend for the company in the coming year.