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Spok Holdings (SPOK)
:SPOK
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 9.83%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call for Spok Holdings highlighted significant growth in software operations bookings and professional services, with strong adjusted EBITDA performance and increased cash balances. However, the company experienced a slight decline in total GAAP revenue, higher wireless churn, and a decrease in license and hardware revenue. Despite these challenges, the company's strategic focus on software and services seems to be yielding positive results.Company Guidance
During the Spok Holdings Q3 2024 earnings call, the executive team provided financial guidance and metrics indicating strong performance and growth prospects. The company reiterated its full-year guidance with total revenue expected to range from $136 million to $144 million and adjusted EBITDA projected between $27.5 million to $32.5 million. Software operations bookings grew nearly 65% year-over-year, reaching $10.4 million, with 24 six-figure customer contracts, double the previous quarter's count. The software backlog increased to $63.6 million, up 19% from the prior year. The company also reported a 26% year-over-year growth in professional services and a 4.7% increase in wireless ARPU. Spok's cash balance grew by approximately $4 million during the quarter, supporting a robust dividend payout and capital expenditure. The company anticipates ending 2024 with cash balances between $28 million and $30 million and remains focused on maintaining low double-digit software bookings growth for the full year.Strong Software Operations Bookings
In Q3, Spok Holdings achieved nearly 65% year-over-year growth in software operations bookings, with 24 six-figure customer contracts, double the amount from the prior quarter.
Increased Software Backlog
The software backlog increased to $63.6 million, up more than 19% from the prior year quarter.
Professional Services Growth
The professional services business saw year-over-year growth of 26%, with managed services growing by almost 133% from the prior year period.
Robust Adjusted EBITDA
Spok generated over $7.5 million of adjusted EBITDA in Q3 2024, covering the $6.3 million returned to stockholders, and saw an increase in cash balances by approximately $4 million.
Increase in Wireless ARPU
Wireless average revenue per unit increased by $0.36 or 4.7% from the prior year, driven by pricing actions and sales of encrypted HIPAA-compliant pagers.
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SPOK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPOK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $14.65 | $15.28 | +4.30% |
| Jul 24, 2024 | $15.82 | $14.79 | -6.51% |
| May 01, 2024 | $14.81 | $13.61 | -8.10% |
| Feb 21, 2024 | $14.40 | $15.73 | +9.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Spok Holdings (SPOK) report earnings?
Spok Holdings (SPOK) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Spok Holdings (SPOK) earnings time?
Spok Holdings (SPOK) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPOK EPS forecast?
SPOK EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
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