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Anterix Inc. Reports Third Quarter Fiscal Year 2024 Results

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WOODLAND PARK, N.J., Feb. 14, 2024 /PRNewswire/ — Anterix (NASDAQ: ATEX) today announced its third quarter fiscal 2024 results and filed its 10-Q for the three and nine months ended December 31, 2023.

Third quarter fiscal 2024 Financial Highlights

Cash and cash equivalents of $62.0 million as of December 31, 2023Executed a new spectrum lease agreement with a Florida utility for a total of $34.5 million, of which $6.9 million was received in December 2023Exchanged narrowband for broadband licenses in 10 counties and recorded a gain on exchange of narrowband licenses for broadband licenses of $13.7 millionRepurchased $8.0 million of ATEX stockIncurred spectrum clearing costs of $4.7 million

The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix’s website at 
https://www.investors.anterix.com/Q32024.  

About Anterix Inc. 

At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable private LTE solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Forward-Looking Statements 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to the Anterix’s business or financial results or outlook. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements, (ii) Anterix’s ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; and (iii) Anterix’s ability to qualify for and timely secure broadband licenses. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.

Shareholder Contact 

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com 

 

Anterix Inc.
Earnings Release Tables
Consolidated Balance Sheets
(in thousands, except share and per share data)

December 31, 2023

March 31, 2023

(Unaudited)

ASSETS

Current Assets

Cash and cash equivalents

$                 62,033

$                 43,182

Prepaid expenses and other current assets

15,816

16,277

Total current assets

77,849

59,459

Escrow deposits

7,517

—

Property and equipment, net

2,129

3,606

Right of use assets, net

4,629

3,371

Intangible assets

213,719

202,044

Other assets

15,037

10,078

Total assets

$               320,880

$               278,558

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable and accrued expenses

$                   8,212

$                   6,624

Due to related parties

—

533

Operating lease liabilities

1,888

1,725

Contingent liability

1,000

20,249

Deferred revenue

6,163

2,769

Total current liabilities

17,263

31,900

Operating lease liabilities

3,700

2,922

Contingent liability

15,000

—

Deferred revenue

100,897

57,990

Deferred gain on sale of intangible assets

4,911

—

Deferred income tax

6,332

5,440

Other liabilities

513

513

Total liabilities

148,616

98,765

Commitments and contingencies

Stockholders’ equity

Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and
no shares outstanding at December 31, 2023 and March 31, 2023

—

—

Common stock, $0.0001 par value per share, 100,000,000 shares authorized and
18,554,424 shares issued and outstanding at December 31, 2023 and 18,921,999
shares issued and outstanding at March 31, 2023

2

2

Additional paid-in capital

529,054

518,160

Accumulated deficit

(356,792)

(338,369)

Total stockholders’ equity

172,264

179,793

Total liabilities and stockholders’ equity

$               320,880

$               278,558

 

Anterix Inc.
Earnings Release Tables
Consolidated Statements of Operations 
(Unaudited, in thousands, except share and per share data)

Three months ended December 31,

Nine months ended December 31,

2023

2022

2023

2022

Spectrum revenues

$              1,271

$                 578

$              2,931

$              1,311

Operating expenses

General and administrative

11,252

12,085

34,830

34,871

Sales and support

1,380

1,385

3,965

3,785

Product development

1,238

936

3,454

3,012

Depreciation and amortization

198

373

653

1,107

Operating expenses

14,068

14,779

42,902

42,775

Gain on disposal of intangible assets, net

(13,737)

(5,776)

(33,035)

(9,329)

Gain on sale of intangible assets, net

(32)

—

(7,364)

—

Loss (gain) on disposal of long-lived assets, net

3

(21)

39

1

Gain (loss) from operations

969

(8,404)

389

(32,136)

Interest income

666

409

1,448

670

Other income

31

185

189

232

Income (loss) before income taxes

1,666

(7,810)

2,026

(31,234)

Income tax expense

1,338

210

1,743

625

Net income (loss)

$                 328

$            (8,020)

$                 283

$          (31,859)

Net income (loss) per common share basic

$                0.02

$              (0.42)

$                0.02

$              (1.69)

Net income (loss) per common share diluted

$                0.02

$              (0.42)

$                0.01

$              (1.69)

Weighted-average common shares used to compute
basic net income (loss) per share

18,704,400

18,930,594

18,858,472

18,834,991

Weighted-average common shares used to compute
diluted net income (loss) per share

18,916,246

18,930,594

19,082,867

18,834,991

 

Anterix Inc.
Earnings Release Tables
Consolidated Statements of Cash Flows
(Unaudited, in thousands)

Three months ended December 31,

Nine months ended December 31,

2023

2022

2023

2022

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)

$                  328

$             (8,020)

$                  283

$           (31,859)

Adjustments to reconcile net income (loss) to net cash
provided by (used in) operating activities

Depreciation and amortization

198

373

653

1,107

Non-cash compensation expense attributable to stock awards

3,921

4,592

12,024

13,411

Deferred income taxes

519

210

892

613

Gain on disposal of intangible assets, net

(13,737)

(5,776)

(33,035)

(9,329)

Gain on sale of intangible assets, net

(32)

—

(7,364)

—

Loss (gain) on disposal of long-lived assets, net

3

(21)

39

1

Changes in operating assets and liabilities

Prepaid expenses and other assets

(466)

(597)

322

666

Right of use assets

(1,803)

(38)

(1,258)

480

Accounts payable and accrued expenses

1,214

1,175

1,588

43

Due to related parties

—

—

(533)

—

Operating lease liabilities

1,700

(48)

941

(747)

Contingent Liability

15,000

—

15,000

249

Deferred revenue

26,795

7,422

46,301

6,689

Net cash provided by (used in) investing activities

33,640

(728)

35,853

(18,676)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of intangible assets, including refundable deposits

(4,732)

(7,841)

(14,809)

(19,069)

Proceeds from sale of spectrum

249

—

25,427

—

Purchases of equipment

(55)

(398)

(267)

(1,543)

Net cash (used in) provided by operating activities

(4,538)

(8,239)

10,351

(20,612)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from stock option exercises

—

—

7

872

Repurchase of common stock

(7,971)

(3,498)

(18,706)

(8,223)

Payments of withholding tax on net issuance of restricted
stock

(115)

(138)

(1,137)

(1,474)

Net cash used in financing activities

(8,086)

(3,636)

(19,836)

(8,825)

Net change in cash and cash equivalents and
restricted cash

21,016

(12,603)

26,368

(48,113)

CASH AND CASH EQUIVALENTS AND RESTRICTED
CASH

Cash and cash equivalents and restricted cash at beginning
of the period

48,534

70,114

43,182

105,624

Cash and cash equivalents and restricted cash at end of the
period

$             69,550

$             57,511

$             69,550

$             57,511

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION

Cash paid during the period:

Taxes paid

$                    —

$                    —

$                      1

$                    12

Non-cash investing activity:

Network equipment provided in exchange for wireless
licenses

$                    48

$                      1

$                  616

$                    30

Deferred gain on sale of intangible assets

$                    22

$                    —

$               4,911

$                    —

Derecognition of contingent liability related to sale of
intangible assets

$                  409

$                    —

$             19,249

$                    —

 

The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance
Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:

December 31, 2023

September 30, 2023

March 31, 2023

Cash and cash equivalents

$                       62,033

$                       48,534

$                       43,182

Escrow deposits

7,517

—

—

Total cash and cash equivalents and restricted cash

$                       69,550

$                       48,534

$                       43,182

December 31, 2022

September 30, 2022

March 31, 2022

Cash and cash equivalents

$                       57,511

$                       70,114

$                     105,624

Escrow deposits

—

—

—

Total cash and cash equivalents and restricted cash

$                       57,511

$                       70,114

$                     105,624

 

Anterix Inc.
Earnings Release Tables
Other Financial Information
(Unaudited, in thousands except per share data)

Three Months Ended December 31,

Nine Months Ended December 31,

2023

2022

2023

2022

Number of shares repurchased and retired

230

106

563

216

Average price paid per share*

$              34.77

$              33.11

$             33.62

$              47.05

Total cost to repurchase

$              7,971

$              3,498

$           18,706

$              8,223

*         Average price paid per share includes costs associated with the repurchases.

As of December 31, 2023, $242.0 million is remaining under the share repurchase program.

 

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SOURCE Anterix Inc.

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Suunto Launches Race 3S: Next-Generation Performance Watch in a Compact Titanium Case

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Suunto’s next-generation performance watch brings up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and free worldwide offline maps in a 56 g build, debuting alongside Suunto’s new AI Coach.

VANTAA, Finland, Oct. 21, 2026 /PRNewswire/ — Suunto launches Suunto Race 3S, a new-generation flagship performance watch. Built for smarter training, with features designed especially for trail running, Race 3S brings together up to 38 hours of dual-band GPS battery, a 2,000-nit AMOLED display, and a full set of intelligent trail tools at just 56 g. It is a watch built to go further and move lighter, so a long day in the mountains stays simple.

First launched in 2023, the Race series established Suunto’s position as the choice for athletes who train with intention and perform when it counts. Suunto Race 3S carries that standard into a compact 46 mm case sized to sit well on smaller wrists, and holds on to long-lasting battery life, a flagship display, and the complete trail toolkit alongside it.

“People have more performance data at their fingertips than ever, but turning all that information into something useful can be a challenge,” said Daniel Das Bhowmik, VP Product at Suunto. “We built Race 3S to carry long-lasting battery life in a case compact and light enough to forget, and we’re launching it alongside Suunto AI Coach to make things simple again: turning questions and personal data into clear, actionable answers.”

Battery for the Long Haul

No runner should plan a race around a battery bar. Suunto Race 3S gives them room to plan the race instead: up to 38 hours in dual-band GPS mode (up to 32 hours with the always-on display on), compared with up to 30 hours on Race S, with full positioning accuracy switched on the entire time. Additional battery modes reach further still, including a smartwatch mode with up to 12 days of battery life for everyday wear.

For runners used to planning a session around what the watch has left, that is up to eight more hours of pacing, navigation, and heart rate on the wrist than Race S. Training runs finish the way they were planned, races carry data all the way to the line, and the charger stays at home.

A Compact Build With Flagship Performance

The best watch on a long climb is the one a runner stops noticing. At 56 g with the silicone strap, 38 g for the watch head alone, Suunto’s Race 3S sits close to the wrist at roughly the weight of two energy gels, with a compact fit that works well for smaller wrists, too. A titanium bezel and sapphire crystal lens handle rock, scrub, and repeated impact.

Inside, the new-generation Apollo 510 processor drives faster response across maps and menus, and an upgraded optical heart rate module with six LEDs and four photodetectors behind 2.5D curved sensor glass holds accuracy through arm swing, sweat, and cold. Pair a Suunto heart rate belt to enable ZoneSense and it reads true intensity straight from the body’s response.

Suunto AI Coach Debuts With Race 3S

Race 3S marks the debut of Suunto AI Coach, an AI-powered conversational coaching experience in the Suunto app. It turns your Suunto data into insight, guidance and action, helping you understand your data, know where you stand and decide what to do next.

Ask Suunto AI Coach anything about your training, and it answers clearly and in context, with guidance and visuals such as charts, tables and maps, plus next steps whenever you want them. When you want to act, it creates structured workouts, training plans and routes; workouts and routes can then be saved in the Suunto app and synced to your watch. Customers who purchase and pair Suunto Race 3S can get three months of Suunto AI Coach free by activating their watch through the Suunto app by 31 December 2026.

Precision in Every Terrain, Free Maps Worldwide

When the trail disappears under canopy or into a canyon, the line on the wrist stays put. Positioning offers better overall performance, notable through forests, canyon walls, and switchbacks. Free worldwide offline maps now add contour lines and place names for an instant read on where you stand. They download straight to the watch and run entirely on board, subscription-free, so the terrain travels with the runner wherever the trail goes.

A Race Strategy Set Before the Gun

The hardest racing decisions arrive when a runner is least equipped to make them. Suunto Race 3S makes them early instead. Climb Guidance shows what the trail does next, climb or descent, updated in real time, so effort can be placed in advance: know a descent is coming, and save the legs for the climb after it.

Race Planner will build a personalized pacing plan from the route, the weather, and a runner’s race goal, with real-time guidance to hold pace on race day.*

A Display You Can Read in Full Sun

Mid-race data only counts if it can be read mid-stride. The 1.32-inch LTPS Hybrid AMOLED reaches 2,000 nits, more than three times the brightness of Race S, at 466 × 466 resolution. In midday glare above the treeline or on a 4 a.m. start in the dark, pace, distance, and the next turn stay readable at a glance.

Everything You Run With, on One Wrist

64 GB of onboard storage holds maps, routes, training data, and offline music.** It offers over 100 sport modes, including running, cycling, swimming, gym work, and multisport. Race 3S is available in three colorways: Orchid, Feather, and Black.

*Race Planner is planned for launch via a future Suunto app and firmware update. Features, availability, and timing are subject to change. Please refer to the latest official information from Suunto.

**Available via an over-the-air software update following product launch. Availability timing is subject to official announcement.

Read more about Suunto AI Coach at https://us.suunto.com/pages/suunto-ai-coach

Availability:
EMEA: October 15th
CHINA: October 15th
NAM: October 29th
APAC: October 29th

Race 3S will be sold through Suunto’s direct-to-consumer channels and authorized outdoor and running retail partners across North America, Europe, and key Asia-Pacific markets.

Pricing: EUR 499 / USD 599

Colors: Purple, Grey, Black

Images for media use: https://media.suunto.com/pub/collection/7d1b229aace5399e4c0c117efcaf1bdf?locale=en

About Suunto

Suunto is a Finnish brand, established in 1936. It was founded by Finnish inventor Tuomas Vohlonen, who pioneered a new standard for navigational precision. That same year, his innovation – a field compass – was stronger, steadier, and more accurate than any other handheld navigational tool of its time. It was the first of many Suunto products built to withstand the harsh conditions of our native Finland.

In the near century since, Tuomas’s spirit of innovation has continued to chart Suunto’s course. From some of history’s first dive computers and high-altitude wrist altimeters to today’s GPS watches, Suunto remains a trusted companion for outdoor adventurers across the globe.

Supporting explorers, athletes, and weekend warriors alike remains our core mission – providing the tools to dive deeper, climb higher, and push the limits of human potential.

www.suunto.com

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SOURCE Suunto

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/R E P E A T — Media Advisory – Minister Hodgson to hold media callback following his visit to the United Kingdom/

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OTTAWA, ON, Oct. 20, 2026 /CNW/ — The Honourable Tim Hodgson, Minister of Energy and Natural Resources, will hold a callback with Canadian media to discuss the outcomes of his visit to London, U.K., for London Metals Exchange (LME) Week on October 19 and 20, 2026.

Date: Wednesday, October 21, 2026

Time: 1 p.m. EDT

All accredited media are asked to pre-register for the callback by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Follow Natural Resources Canada on LinkedIn

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S4 Capital’s Monks Accelerates Regional Growth Strategy in EMEA and APAC Expanding Nirvik Singh’s Remit to APAC, Names Ash Smith Executive Vice President, Asia Pacific and Fay Denis du Peage Managing Director, Australia and New Zealand

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LONDON, Oct. 21, 2026 /PRNewswire/ — Monks, the purely digital, unitary operating brand of S4 Capital plc, today announced an evolution of its regional leadership across EMEA and Asia-Pacific. As global brands demand more agile, connected and AI-enabled marketing models, Monks is expanding its integrated Marketing and Technology Services footprint to help multinational clients operate at speed and scale across both regions.

Positioned as a change agent for modern enterprise brands, Monks unifies three core capabilities—Intelligence, Creation and Orchestration—through its flagship Monks.Flow platform to build brands as living systems. Across Asia Pacific, this evolution allows Monks to deliver end-to-end marketing transformation, helps clients accelerate media performance, eliminate operational silos and orchestrate intelligent marketing that turns real-time data into measurable business impact.

To lead this next chapter, Monks has expanded the leadership remit of Nirvik Singh to lead both EMEA and Asia Pacific, reporting to Bruno Lambertini, CEO of Marketing Services. Working alongside Nirvik, Ash Smith joins Monks as Executive Vice President, Asia Pacific, effective 13 November 2026. Fay Denis du Peage has been appointed Managing Director, Australia and New Zealand, effective immediately.

Nirvik recently stepped down as a Non-Executive Director from the S4 Capital Board to join Monks as CEO of Marketing Services, EMEA. In the new expansion of his role to APAC, he will integrate oversight for Marketing Services across both regions, recognizing the connected growth opportunities and delivering greater value and scale for clients.

Nirvik brings more than 35 years of experience in the industry, most recently as Global Chief Operating Officer and President International at Grey Group. Nirvik has spent decades running multi-region businesses and partnering with enterprise brands including Procter & Gamble, The Coca-Cola Company, Volvo and Haleon to navigate complex market dynamics and deliver commercial impact.

Reporting to Nirvik, Ash Smith will focus on accelerating regional business growth, strengthening client partnerships and scaling Monks’ product and solutions capabilities across Asia Pacific. Ash brings more than 18 years of experience across Australia, Europe, China, Hong Kong and Southeast Asia, spanning product development, client solutions, innovation and business leadership. Throughout his career, he has focused on combining human intelligence, data and technology to create value for brands, translating local and regional market insights into innovative solutions and business growth.

Prior to joining Monks, Ash served as Chief Product and Solutions Officer for JAPAC at Tag, a Dentsu company, where he led the talent, products and technology needed to address complex client challenges, including driving Tag’s AI and innovation agenda. Previously, as Managing Director for Southeast Asia, he built strategic client partnerships and developed integrated, scalable solutions by bringing together expertise from across the network, delivering strong business growth.

Over his career, Ash has worked with leading global brands across technology, CPG, luxury and automotive, building long-term partnerships and delivering solutions that drive real-world impact. He has also shared his perspectives at industry forums, most recently NRF and ATS.

“We are excited to welcome Ash to our leadership team in Asia Pacific as we continue to scale our integrated offering and deepen our partnerships with clients across the region. His experience spanning client leadership, product, solutions and innovation will be valuable as we bring together creative, media, production, data and technology to deliver greater agility, efficiency and real-time relevance for brands. As we continue to advance our unitary model and the capabilities enabled by Monks.Flow, Ash will play an important role in translating our regional ambitions into meaningful outcomes for our clients and our business,” said Nirvik Singh, CEO, Monks EMEA and APAC.

Ash joins Monks as the company continues to evolve its integrated Marketing and Technology Services offering, bringing together creativity, media intelligence, production, data, and technology to help brands compete in an increasingly complex and fast-moving market. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks is connecting insights, creativity, and execution to enable real-time relevance and turn marketing into a growth engine. Ash’s experience in product and solutions leadership, AI innovation and integrated client partnerships will support the continued development and deployment of these capabilities across Asia Pacific.

“The best agencies don’t just make work, they solve problems. When people and technology come together in the right systems, we can move faster, think bigger and unlock growth for brands in ways that weren’t possible before. That means bringing media, creative, production and data to the table as one team, not a set of silos. Our job is to put clients at the centre of everything we do and help them win through new ideas and experiences,” said Ash Smith, incoming EVP, Monks Asia Pacific.

Based in Sydney, Fay Denis du Peage will report to Ash Smith and lead Monks’ growth and market development across Australia and New Zealand. She will focus on strengthening the local offering, deepening client partnerships and bringing together Monks’ capabilities across creative, media, data and technology.

Fay brings experience across media, data, digital and operations from her career at Monks and MightyHive. She steps into the role after serving as Senior Vice President, Media, APAC, where she has helped strengthen Monks’ regional media proposition and drive greater integration across data, technology and media.

“AUNZ is a sophisticated and fast-moving market, and there is a significant opportunity for Monks to bring more of our capabilities together around the challenges our clients are facing, empowering them to become Real-Time Brands. The future of marketing isn’t about one discipline working in isolation—it’s about connecting media, creativity, data and technology with AI to create better outcomes in real time. My focus will be on making that capability even more relevant and accessible to clients, while building on the strength of our local teams and partnerships. I’m excited about what we are about to create together in the market,” said Fay Denis du Peage, Managing Director, Australia and New Zealand, Monks.

“Nirvik and Ash bring complementary leadership experience and a strong understanding of what clients need in an increasingly complex and fast-changing market. With Nirvik’s expanded regional leadership and Ash’s expertise in client solutions, product, and innovation, we are strengthening our ability to drive growth, connect capabilities, and deliver greater value for clients across our markets. Fay’s appointment is an important step in strengthening our presence across AUNZ, with Australia as our largest APAC market. I would also like to thank Kenny Griffiths for his leadership and the valuable contributions he has made to Monks,” said Bruno Lambertini, CEO, Marketing Services, Monks.

Media Inquiry

Evelyn Hsu
VP, Marketing and Communications, APAC
Evelyn.hsu@monks.com

About Monks

Monks is the global, digital-first, data-driven, unitary operating brand of S4 Capital plc. With a legacy of innovation and specialized expertise, Monks combines an extraordinary range of global Marketing and Technology Services to redefine how brands interact with the world. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks transforms marketing into a growth engine, collapsing timelines and connecting brands to culture in real time. By deploying bespoke intelligent agents across disciplines and delivering culturally relevant, high-impact creative and digital solutions, Monks solves key critical business challenges across the entire brand enterprise to help brands sustain long-term impact.

Monks was named a Contender in The Forrester Wave™: Global Marketing Services and a leader in the 2026 Gartner® Magic Quadrant™ for Global Digital Marketing Agencies. It ranks among Cannes Lions’ Top 10 Creative Companies (2022-25) and remains the only partner featured in AdExchanger’s Programmatic Power Players list every year (2020-24). Named Adweek’s first AI Agency of the Year (2023) and The One Show’s inaugural AI Pioneer Organization (2025), Monks was also awarded Business Intelligence Group’s 2026 Excellence in Artificial Intelligence Award in the Human-Machine Interaction Team category. Additionally, Monks.Flow earned AI-based Marketing Solution of the Year at the 2026 AI Breakthrough Awards and a 2026 Global Generative AI Award in the Agentic Marketing Innovation category. Finally, Monks achieved a record-breaking number of FWAs and continues to hold the most of any partner.

About S4 Capital

S4 Capital is a purely digital advertising and marketing services business built for global, multinational, regional and local clients, as well as millennial-driven influencer brands. The business operates through two data- and digital-media-driven practices: Marketing Services and Technology Services, emphasising ‘faster, better and more efficient’ execution in an always-on, consumer-led environment. Its unitary structure positions the Company as a systems integration partner delivering real-time relevance in the post-agency era.

The Company has approximately 6,200 people in 34 countries, with approximately 82% of net revenue across the Americas, 12% across Europe, the Middle East and Africa, and 6% across Asia-Pacific. The longer-term objective is a geographic split of 60%:20%:20%. Marketing Services accounted for approximately 91% of net revenue and Technology Services 9%. The target allocation is a practice split of 75%:25%.

Sir Martin Sorrell was CEO of WPP for 33 years, building it from a £1 million ‘shell’ company in 1985 into the world’s largest advertising and marketing services company, with a market capitalisation of over £16 billion on the day he left. Prior to that, Sir Martin was Group Financial Director of Saatchi & Saatchi Company Plc for nine years.

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