☒ 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) 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) 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. ...

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 ...

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 ...

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].

Financial Data and Key Metrics Changes - In 2024, GAAP net income totaled $15 million or $0.73 per diluted share, compared to $15.7 million or $0.77 per diluted share in 2023 [45] - Total GAAP revenues were $137.7 million, down from $139 million in 2023 [45] - Adjusted EBITDA was $29.2 million in 2024, down from $30.3 million in 2023, reflecting lower consolidated revenue but maintaining a healthy margin of over 21% [56] Business Line Data and Key Metrics Changes - Software revenue increased to $64.1 million in 2024, driven by a nearly 22% increase in professional services revenue [46] - Professional services revenue reached $17.9 million, up 21.6% from $14.7 million in 2023 [51] - Wireless revenue was $73.5 million, down from $76 million in the prior year, with improvements in average revenue per unit (ARPU) [45][46] Market Data and Key Metrics Changes - Software operations bookings totaled $34.1 million, up more than 13% from the prior year, marking the highest levels in five years [31] - The company executed 82 six and seven-figure customer contracts, a 22% increase from 2023 [34] - Net unit churn improved to a decline of 5.9% in 2024, compared to a 6.4% decline in 2023 [47] Company Strategy and Development Direction - The strategic focus remains on growing software revenue, generating cash, and returning capital to stockholders [8][24] - The company aims to enhance its product offerings, particularly the Spok Care Connect suite, and has invested significantly in research and development [15][19] - The company has a strong commitment to maintaining a stockholder-friendly capital allocation plan, returning approximately $77 million to stockholders since the strategic pivot [24][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute in 2025, with expectations for total revenue to range from $134 million to $142 million [58] - The company anticipates a higher mix of software revenue and continued focus on expense management to drive profitability [58][59] - Management highlighted the importance of customer satisfaction and the company's strong reputation in the healthcare communication space [32][19] Other Important Information - The company returned $6.3 million in dividends in Q4 2024 and expects to pay dividends in excess of $27 million in 2025 [25][26] - The company has generated over $1 billion of free cash flow since its inception in 2004 [26] Q&A Session Summary Question: Can you talk about the key attributes of software operations bookings growth? - Management indicated that growth was driven by a mix of new contracts, existing customer renewals, and incremental sales to current clients [67][70] Question: Can you elaborate on the EBITDA guidance and key contributors for earnings leverage? - Management noted that the expected leverage is primarily due to a greater mix of software sales and improved efficiency in professional services [76][79] Question: Why did the company move its headquarters to Plano? - The move was made to consolidate operations and reduce costs, as many employees were already working remotely [87][90] Question: Is it accurate to assume that about 80% of bookings come from recurring customers? - Management confirmed that approximately 80% of bookings are from existing customers, with a significant portion being recurring revenue [93][96] Question: Can you provide an update on the product roadmap and timelines? - Management detailed several updates to the product offerings, including a new user interface and enhancements to the Care Connect suite, with ongoing developments expected throughout 2025 [107][110]

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 ...

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 ...

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]