Strong Software Revenue Growth
Software revenue increased to $64.1 million in 2024, driven by a nearly 22% increase in professional services revenue and strong managed services offerings.
Record Software Operations Bookings
Spok generated over $34 million of software operations bookings, marking a 13% increase from the prior year.
Improved Profitability and Cash Flow
Generated $15 million in net income, which equates to $0.73 per diluted share, alongside $29 million of adjusted EBITDA.
Consistent Dividend Payouts
Returned $26.4 million of cash to stockholders through dividends in 2024 and expects to pay dividends in excess of $27 million in 2025.
Stability in Operating Expenses
Operating expenses for the year were virtually unchanged from 2023, showcasing effective expense management.