Spok Holdings, Inc. · NASDAQ:SPOK
Spok — Q4 2023 Earnings Presentation
12 slides from Spok's earnings presentation, Feb 21, 2024
Slide 1: Fourth Quarter Earnings
Fourth Quarter Earnings| 02/21/2024 Fourth Quarter Earnings| 02.23.23
Slide 2: 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. The
Slide 3: Agenda
Business Overview Fourth Quarter and Full Year 2023 Financial Highlights Agenda 2024 Financial Outlook Wrap Up 3
Slide 4: Business Overview
Business Overview Vince Kelly, CEO Mike Wallace, President and COO
Slide 5: Strategic Goal: Run the business profitably and generate cash
Strategic Goal: Run the business profitably and generate cash Returning capital to stockholders is our goal as well as our legacy ▪ Nearly $675 million returned to stockholders since 2004 ▪ 2022 capital return - $25.0 million ▪ 2023 capital return - $25.6 million Focus on maximizing cash over the lo
Slide 6: 2023 Highlights
2023 Highlights • Company executing on strategic business plan generating $15.7 million of GAAP net income, and $30.3 million of adjusted EBITDA • Full year software operations bookings increased 22% from 2022 and included 67 six-figure customer agreements and 30 multi-year engagements, as momentum
Slide 7: US health systems/hospitals by lines of business and market share by bed size
Q1 2024 US health systems/ Software-only market share by bed size* hospitals by lines of business* 5% 5,464 373 Both 1-199 Beds 20% 265 customers 30% 1,850 total 1,286 Spok customers 1023 Wireless Only 454 55% 200-599 Beds Software Only 381 customers 25% 324 50% Sources • Active Maintenance/Subscrip
Slide 8: Fourth Quarter 2023 Financial Results
Fourth Quarter 2023 Financial Results Calvin Rice Chief Financial Officer
Slide 9: Fourth Quarter and Full Year 2023 Financial Results
Fourth Quarter and Full Year 2023 Financial Results For the Three Months Ended For the Twelve Months (Dollars in millions) December 31, Ended December 31, 2023 2022 2023 2022 Total Revenue $34.0 $33.3 $139.0 $134.5 Wireless $19.1 $19.0 $76.0 $75.6 Software $14.9 $14.2 $63.1 $58.9 Adjusted EBITDA(1)
Slide 10: 2024 Financial Outlook
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Slide 11: 2024 Financial Outlook
2024 Financial Outlook Current Guidance (Dollars in millions) From To Total Revenue: $136.0 $144.0 Wireless Revenue $72.0 $75.0 Software Revenue $64.0 $69.0 Adjusted EBITDA(1) $27.5 $32.5 (1) Adjusted EBITDA represents net income/(loss) before interest income/expense, income tax benefit/expense, dep
Slide 12: Contact Investor Relations
Contact Investor Relations Al Galgano + 1 (952) 224-6096 al.galgano@spok.com