Spok Holdings, Inc. · NASDAQ:SPOK
Spok — Q1 2023 Earnings Presentation
11 slides from Spok's earnings presentation, May 4, 2023
Slide 1: First Quarter 2023 Earnings
First Quarter 2023 Earnings 05.04.23 Fourth Quarter Earnings| 02.23.23
Slide 2: Safe Harbor Statement
Statements contained in this presentation which are not historical fact, such as statements regarding Spok’s future operating and financial performance, future dividend payments and the outcome of the Company’s strategic alternatives review, are forward-looking statements for purposes of the safe ha
Slide 3: Agenda
Business Overview First Quarter 2023 Financial Highlights 2023 Financial Outlook Agenda Wrap Up 3
Slide 4: Business Overview
Business Overview Vince Kelly CEO
Slide 5: Strategic Goal: Run the business profitably and generate cash
Strategic Goal: Run the business profitably and generate cash Returning capital to shareholders is our goal as well as our legacy ▪ Nearly $655 million returned to stockholders since 2004 ▪ 2022 capital return - $25 million ▪ 2023 capital return forecast - $25 million Focus on maximizing cash over t
Slide 6: First Quarter 2023 Highlights
First Quarter 2023 Highlights • Company executing on strategic business plan generating $3.1 million of GAAP net income, and $6.9 million of adjusted EBITDA • First Quarter software operations bookings increased 8.9% as momentum continued in the quarter • Wireless revenue growth sequentially & YoY •
Slide 7: First Quarter 2023 Financial Results
First Quarter 2023 Financial Results Calvin Rice Chief Financial Officer
Slide 8: First Quarter 2023 Financial Results
First Quarter 2023 Financial Results For the Three Months Ended March 31, (Dollars in millions) 2023 2022 Total Revenue $33.2 $33.8 Wireless $19.0 $18.8 Software $14.2 $15.0 Adjusted EBITDA(1) $6.9 $(2.1) • Year-to-date capital returned to stockholders totaled $6.9 million in the form of the Company
Slide 9: 2023 Financial Outlook
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Slide 10: 2023 Financial Outlook
2023 Financial Outlook Prior Guidance Current Guidance (Dollars in millions) From To From To Total Revenue: $129.0 $136.5 $131.0 $137.5 Wireless Revenue $71.5 $74.5 $73.0 $75.5 Software Revenue $57.5 $62.0 $58.0 $62.0 Adjusted EBITDA(1) $24.0 $26.0 $24.5 $26.5 (1) Adjusted EBITDA represents net inco
Slide 11: Contact Investor Relations
Contact Investor Relations Al Galgano + 1 (952) 224-6096 al.galgano@spok.com