vs

Side-by-side financial comparison of Anterix Inc. (ATEX) and Blue Hat Interactive Entertainment Technology (BHAT). Click either name above to swap in a different company.

Blue Hat Interactive Entertainment Technology is the larger business by last-quarter revenue ($13.1M vs $1.6M, roughly 8.3× Anterix Inc.). Blue Hat Interactive Entertainment Technology runs the higher net margin — -9.9% vs -419.6%, a 409.7% gap on every dollar of revenue.

Anterix Inc. is a U.S.-headquartered wireless communications company that owns licensed 900 MHz spectrum assets, providing secure, dedicated private broadband network solutions for critical infrastructure operators including electric utilities, public safety agencies, and transportation providers. Its primary market is North America, supporting clients requiring highly reliable connectivity for mission-critical operations.

Blue Hat Interactive Entertainment Technology develops and produces interactive entertainment products including AR games, smart interactive toys, and immersive leisure content. It primarily serves mainland China's consumer market, with expanding distribution across Southeast Asia, focusing on family and youth entertainment segments.

ATEX vs BHAT — Head-to-Head

Bigger by revenue
BHAT
BHAT
8.3× larger
BHAT
$13.1M
$1.6M
ATEX
Higher net margin
BHAT
BHAT
409.7% more per $
BHAT
-9.9%
-419.6%
ATEX

Income Statement — Q3 2026 vs Q2 2025

Metric
ATEX
ATEX
BHAT
BHAT
Revenue
$1.6M
$13.1M
Net Profit
$-6.6M
$-1.3M
Gross Margin
8.3%
Operating Margin
-576.0%
-9.4%
Net Margin
-419.6%
-9.9%
Revenue YoY
0.4%
Net Profit YoY
-185.6%
EPS (diluted)
$-0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATEX
ATEX
BHAT
BHAT
Q4 25
$1.6M
Q3 25
$1.6M
Q2 25
$1.4M
$13.1M
Q1 25
$1.4M
Q4 24
$1.6M
Q3 24
$1.6M
Q2 24
$1.5M
$46.3M
Q1 24
$1.3M
Net Profit
ATEX
ATEX
BHAT
BHAT
Q4 25
$-6.6M
Q3 25
$53.5M
Q2 25
$25.2M
$-1.3M
Q1 25
$9.2M
Q4 24
$7.7M
Q3 24
$-12.8M
Q2 24
$-15.5M
$-4.4M
Q1 24
$-9.4M
Gross Margin
ATEX
ATEX
BHAT
BHAT
Q4 25
Q3 25
Q2 25
8.3%
Q1 25
Q4 24
Q3 24
Q2 24
0.2%
Q1 24
Operating Margin
ATEX
ATEX
BHAT
BHAT
Q4 25
-576.0%
Q3 25
Q2 25
-9.4%
Q1 25
Q4 24
Q3 24
-846.6%
Q2 24
-984.4%
-8.8%
Q1 24
-834.2%
Net Margin
ATEX
ATEX
BHAT
BHAT
Q4 25
-419.6%
Q3 25
3449.5%
Q2 25
1775.7%
-9.9%
Q1 25
662.9%
Q4 24
492.3%
Q3 24
-823.1%
Q2 24
-1018.0%
-9.4%
Q1 24
-746.9%
EPS (diluted)
ATEX
ATEX
BHAT
BHAT
Q4 25
$-0.35
Q3 25
$2.86
Q2 25
$1.35
Q1 25
$0.51
Q4 24
$0.41
Q3 24
$-0.69
Q2 24
$-0.84
Q1 24
$-0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATEX
ATEX
BHAT
BHAT
Cash + ST InvestmentsLiquidity on hand
$29.5M
$14.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$236.0M
$32.1M
Total Assets
$417.0M
$75.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEX
ATEX
BHAT
BHAT
Q4 25
$29.5M
Q3 25
$39.1M
Q2 25
$41.4M
$14.3K
Q1 25
$47.4M
Q4 24
$28.8M
Q3 24
$43.1M
Q2 24
$51.7M
$407.6K
Q1 24
$60.6M
Stockholders' Equity
ATEX
ATEX
BHAT
BHAT
Q4 25
$236.0M
Q3 25
$240.3M
Q2 25
$184.8M
$32.1M
Q1 25
$156.6M
Q4 24
$144.7M
Q3 24
$139.1M
Q2 24
$148.8M
$40.6M
Q1 24
$161.0M
Total Assets
ATEX
ATEX
BHAT
BHAT
Q4 25
$417.0M
Q3 25
$420.4M
Q2 25
$359.6M
$75.2M
Q1 25
$333.1M
Q4 24
$326.7M
Q3 24
$317.2M
Q2 24
$321.1M
$49.3M
Q1 24
$324.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATEX
ATEX
BHAT
BHAT
Operating Cash FlowLast quarter
$-8.3M
$2.6M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-526.4%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEX
ATEX
BHAT
BHAT
Q4 25
$-8.3M
Q3 25
$1.4M
Q2 25
$-3.1M
$2.6M
Q1 25
$-16.6M
Q4 24
$-7.7M
Q3 24
$-2.6M
Q2 24
$-2.4M
Q1 24
$6.1M
Free Cash Flow
ATEX
ATEX
BHAT
BHAT
Q4 25
$-8.3M
Q3 25
Q2 25
Q1 25
$-16.6M
Q4 24
Q3 24
$-2.7M
Q2 24
Q1 24
$6.1M
FCF Margin
ATEX
ATEX
BHAT
BHAT
Q4 25
-526.4%
Q3 25
Q2 25
Q1 25
-1195.2%
Q4 24
Q3 24
-173.4%
Q2 24
Q1 24
484.1%
Capex Intensity
ATEX
ATEX
BHAT
BHAT
Q4 25
0.6%
Q3 25
Q2 25
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.6%
Q2 24
0.0%
Q1 24
3.2%
Cash Conversion
ATEX
ATEX
BHAT
BHAT
Q4 25
Q3 25
0.03×
Q2 25
-0.12×
Q1 25
-1.80×
Q4 24
-1.00×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons