Spok(US:SPOK)2024-05-01 20:37Financial Performance - Spok achieved GAAP net income of $42 million and adjusted EBITDA of $75 million[23] - Total revenue reached $349 million compared to $332 million in the prior period[23] - The company's cash and equivalents balance stood at $233 million as of March 31 2024[3] Software Operations - Software operations bookings increased by 39% compared to the first quarter of 2023[1] - The bookings included 19 six-figure customer agreements and 4 multi-year engagements[1] - The average software operations bookings contract size increased by 40% from the prior quarter[1] - Software revenue was $163 million compared to $142 million[23] Wireless Operations - Wireless quarterly net churn improved to 16% down from 25% in the prior quarter[24] - Wireless average revenue per unit increased by 4% year-over-year reaching $789[32] - Wireless revenue was $186 million compared to $190 million[31] Capital Allocation - The company returned $250 million to stockholders in 2022 and $256 million in 2023[9] - Over $680 million has been returned to stockholders since 2004[26] Market Position - Spok earned top client satisfaction scores and holds the number one rank with 12 total No 1 criteria ranks[12]