Business
Spok Reports Second Quarter 2023 Results
Strong improvement in net income and adjusted EBITDA Record level of software operations bookings Software and Wireless Revenue Growth on a Year-Over-Year
About this update from Spok Holdings, Inc.
[{"type":"text","content":"\nStrong improvement in net income and adjusted EBITDA\n\n\nRecord level of software operations bookings \n\n\nSoftware and Wireless Revenue Growth on a Year-Over-Year Basis\n\n\nCompany increases full year 2023 financial guidance \n\n\n ALEXANDRIA, Va.--(BUSINESS WIRE)--\nSpok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced results for the second quarter ended June 30, 2023. In addition, the Company’s Board of Directors declared a regular quarterly dividend of $0.3125 per share, payable on September 8, 2023, to stockholders of record on August 17, 2023.\n\n\nRecent Highlights:\n\n\n\nGenerated net income of $4.7 million, or $0.23 per diluted share, compared to net income of $1.9 million, or $0.10 per diluted share, in the prior year period\n\n\n\nGenerated $8.5 million of adjusted EBITDA in the second quarter, compared to $4.7 million in the second quarter of 2022\n\n\n\nSoftware operations bookings totaled $14.0 million for the second quarter, compared to $7.4 million in the second quarter of 2022, a 90% year-over-year increase\n\n\n\nSecond quarter 2023 software operations bookings included 23 six-figure and 3 seven-figure customer contracts\n\n\n\nSecond quarter 2023 software revenue totaled $17.6 million, up more than 24% from the prior quarter and more than 17% from the prior year period\n\n\n\nSecond quarter 2023 wireless average revenue per unit (ARPU) was $7.53, up on a year-over-year basis, with units in service down less than 1% from the prior quarter and 3.5% on a trailing-twelve-month basis\n\n\n\nSecond quarter 2023 wireless revenue of $18.9 million, up 1% from revenue of $18.7 million in the same period in 2022\n\n\n\nCapital returned to stockholders in the second quarter of 2023 totaled $6.2 million in the form of the Company’s regular quarterly dividend\n\n\n\nCash and equivalents balance increased from the prior quarter to $30.9 million on June 30, 2023, and no debt\n\n\n\n\"I am very proud of the record performance that our team was able to deliver in the second quarter and believe that these results position us well for the second half of the year, as we continue to execute our plan focused on growing revenue, generating cash flow and returning capital to stockholders,” said Vincent D. Kelly, chief executive officer of Spok Holdings, Inc. “Last quarter, our team wa...