8/12/2026

speaker
Operator
Conference Operator

Thank you for standing by. I would now like to turn the conference over to your speaker for today, Natasha Vecchiarelli. Please go ahead.

speaker
Natasha Vecchiarelli
Vice President of Investor Relations and Corporate Communications

Good morning, everyone. Thank you for joining us today for Enterix's first quarter fiscal year 2027 investor update call. I'm Natasha Vecchiarelli, vice president of investor relations and corporate communications. Joining me today are Scott Lang, president and CEO, Chris Guttman-McCabe, Chief Regulatory and Communications Officer, and Elena Marquez, CFO. Please note that our first quarter financial results were issued yesterday afternoon, and the related materials are available on our Investor Relations website. Today's call will begin with prepared remarks from management, followed by a question and answer session. We may also discuss our business outlook and make forward-looking statements. These statements are based on our current expectations and predictions. Actual events or results could differ materially due to risks and uncertainties described in our SEC filings, including our most recent Form 10-K and Form 10-Q. With that, I'll turn the call over to Scott.

speaker
Scott Lang
President & Chief Executive Officer

Thank you, Natasha, and good morning, everyone. When we last spoke in June, We shared the progress we were seeing across the business, including increasing customer engagement, active commercial discussions, and a broader recognition of the strategic importance of licensed spectrum. Over the last two months, that activity has continued, and in many cases, has accelerated. First, as I am sure many of you have seen just yesterday, SpaceX filed an ex parte letter with the FCC across three separate dockets, including ours, advocating for inclusion of a new satellite build-out deployment option. Of note, two of the three bands referenced by SpaceX are still in the process of seeking a rulemaking where ours, as you know, has been finalized. In response, yesterday, Enterix filed a letter in support of SpaceX's proposal stating our belief that their request will enhance the optionality and the expanded use of our spectrum in the market. This filing validates what we have been saying all along. Access to low band spectrum is extremely limited and the demand for our nationwide 10 megahertz footprint is increasing across all sectors. This is further reflected in close to a dozen spectrum related initiatives involving wireless carriers, satellite and space-based connectivity providers along with the successful conclusion of the AWS3 auction. That plays directly into the position we have built at Enterix. Our 900 megahertz spectrum gives us multiple ways to create value through utility transactions, product revenue around the networks we enable, strategic opportunities, and new applications as the market evolves. The key point is this. We are not managing to one outcome. We have optionality. And with a nationwide licensed low-band spectrum portfolio and increasing market recognition of what we own, that optionality puts us in a very strong position. And we continue to be disciplined on how we maximize this asset. We are pursuing the opportunities where value is most compelling and where we can create the best long-term outcome for customers and shareholders. The opportunity is significant and the market is moving in our direction. And turning to our utility pipeline, the last two months have been equally active and we were pleased with the amount of interest and engagement with nearly a dozen active opportunities. Before I turn the call over to Chris, I want to recognize the remarkable team at Enterix. The progress we are seeing today is a reflection of their hard work, commitment, and execution. And I am credibly proud of what they continue to accomplish. With that, I will turn the call over to Chris.

Disclaimer

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