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Spok(SPOK) - 2025 Q1 - Quarterly Report
2025-05-01 20:00
☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-32358 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) SPOK HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 16-1694797 (State or other jurisdictio ...
Spok Holdings (SPOK) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 23:10
Spok Holdings (SPOK) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.89%. A quarter ago, it was expected that this communications services provider would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%.Over the last four q ...
Spok(SPOK) - 2025 Q1 - Earnings Call Transcript
2025-04-30 21:00
Spok (SPOK) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Speaker0 Greetings, and welcome to Spok's First Quarter twenty twenty five Earnings Results Conference Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Al Galgano. Thank you. You may begin. ...
Spok(SPOK) - 2025 Q1 - Earnings Call Presentation
2025-04-30 20:42
First Quarter Earnings 04/30/2025 Fourth Quarter Earnings| 02.23.23 Safe Harbor Statement Statements contained herein or in prior press releases which are not historical fact, such as statements regarding our future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause our actual results to be materially different ...
Spok(SPOK) - 2025 Q1 - Quarterly Results
2025-04-30 20:01
NEWS RELEASE Exhibit 99.1 Net Income and Adjusted EBITDA Up From Prior Year Period End Software Backlog Up More Than 15% From Prior Year Professional Services Revenue Up Nearly 44% From Q1 2024 Plano, Tx. (April 30, 2025) - Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced results for the first quarter ended March 31, 2025. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.3125 per share, payable on June 24, 2025, to sto ...
Spok(SPOK) - 2024 Q4 - Annual Report
2025-02-27 21:02
Revenue Performance - Total revenue for 2024 was $137,653 thousand, a decrease of 1.0% compared to $139,025 thousand in 2023[185]. - Wireless revenue decreased to $73,523 thousand, down 3.2% from $75,968 thousand in 2023, reflecting a decline in units in service from approximately 765 thousand to 720 thousand[196]. - Software revenue increased to $64,130 thousand, up 1.7% from $63,057 thousand in 2023, driven by higher professional services revenue[200]. Income and Expenses - Operating income for 2024 was $18,965 thousand, a decrease of 10.7% compared to $21,228 thousand in 2023[185]. - Net income for 2024 was $14,965 thousand, down 4.5% from $15,666 thousand in 2023[185]. - Research and development expenses rose to $11,548 thousand, an increase of 9.5% from $10,549 thousand in 2023[185]. - Cost of revenue increased by $1.6 million, or 6.0%, for the year ended December 31, 2024, compared to 2023, primarily due to additional professional services personnel[207]. - Selling and marketing expenses decreased by $0.5 million, or 3.1%, for the year ended December 31, 2024, attributed to the amortization of commission expenses[210]. - General and administrative expenses increased by $0.1 million, or 0.4%, for the year ended December 31, 2024, remaining largely in line with 2023[211]. Employee and Operational Metrics - The number of full-time employees (FTEs) increased to 410, up 6.8% from 384 in 2023[185]. - Technology operations expenses decreased by $1.5 million, or 5.9%, for the year ended December 31, 2024, due to a 5.2% decline in the number of active transmitters[209]. Cash Flow and Dividends - Net cash provided by operating activities was $28.9 million for the year ended December 31, 2024, compared to $26.2 million in 2023[228]. - Cash and cash equivalents at December 31, 2024, totaled $29.1 million, with a majority held in accounts exceeding insured limits[218]. - The company intends to use cash on hand for working capital, operations, and potential acquisitions[220]. - A regular quarterly cash dividend of $0.3125 per share was declared, amounting to approximately $6.4 million, expected to be paid from available cash[223]. Obligations and Financial Health - Total contractual obligations as of December 31, 2024, amount to $15,444,000, with $10,548,000 due within one year[233]. - Operating lease obligations total $10,548,000, with $3,479,000 due in less than one year and $4,285,000 due in 1 to 3 years[233]. - The company maintained a valuation allowance of $2.3 million related to federal foreign tax credits and certain state net operating losses[244]. - There were no outstanding borrowings or associated debt service requirements as of December 31, 2024[250]. Impairment and Tax Considerations - The company recorded no impairment of goodwill for the years ended December 31, 2024, 2023, and 2022[246]. - The financial impact of transactions billed in foreign currencies is immaterial, indicating no significant exposure to foreign currency exchange rate fluctuations[251]. - Inflation has not materially affected operations, with system equipment and operating costs remaining stable[236]. - The assessment of deferred income tax assets requires significant judgment, with the company considering future taxable income projections[242]. New Products and Services - The company introduced the GenA pager, featuring advanced encryption and security capabilities, aimed at enhancing service offerings in the healthcare sector[198]. - Maintenance revenue is expected to remain flat or increase marginally, driven by enhancements in existing software solutions[203]. Restructuring and Severance - Severance and restructuring expenses increased to $1.1 million in 2024 from $0.6 million in 2023, primarily due to lease termination costs[213]. - No probable losses were identified for the year ended December 31, 2024[234]. - The company did not identify any triggering events for long-lived assets in 2024, with no impairment recorded[247].
Spok(SPOK) - 2024 Q4 - Earnings Call Transcript
2025-02-27 08:47
Spok (SPOK) Q4 2024 Earnings Call February 27, 2025 04:47 AM ET Company Participants Al Galgano - Investor Relations ContactVincent Kelly - President and CEOMichael Wallace - President & Chief Operating OfficerCalvin Rice - Chief Financial OfficerKyle Bauser - Managing DirectorJohn Dixon - Managing Partner, CEOGeorge Melas-Kyriazi - President Operator Greetings, and welcome to Spoke Holding Inc. Fourth quarter twenty twenty four earnings results conference call. At this time, all participants are in a liste ...
Spok(SPOK) - 2024 Q4 - Earnings Call Transcript
2025-02-27 04:11
Spok Holdings, Inc. (NASDAQ:SPOK) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Al Galgano - Investor Relations Vincent Kelly - President and CEO Michael Wallace - President and Chief Operating Officer Calvin Rice - Chief Financial Officer Conference Call Participants Kyle Bauser - B. Riley Securities John Dixon - Artemis Investment Group Operator Greetings, and welcome to Spok Holdings, Inc. Fourth Quarter 2024 Earnings Results Conference Call. At this time, all partici ...
Spok(SPOK) - 2024 Q4 - Earnings Call Presentation
2025-02-27 03:48
Fourth Quarter Earnings 02/26/2025 Fourth Quarter Earnings| 02.23.23 Safe Harbor Statement Statements contained herein or in prior press releases which are not historical fact, such as statements regarding our future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause our actual results to be materially differen ...
Spok Holdings (SPOK) Q4 Earnings and Revenues Miss Estimates
ZACKS· 2025-02-27 00:15
Company Performance - Spok Holdings reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.20 per share, representing an earnings surprise of -10% [1] - The company posted revenues of $33.89 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.53%, compared to revenues of $33.95 million a year ago [2] - Over the last four quarters, Spok has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Market Outlook - Spok shares have increased approximately 5.4% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.21 on revenues of $34.9 million, and for the current fiscal year, it is $0.79 on revenues of $140.1 million [7] Industry Context - The Wireless National industry, to which Spok belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Spok's stock performance [5][6]