Spok reports Q1 net loss $0.37/share; revenue down 6% YoY; ends strategic review without sale

Spok Holdings, Inc

2022-Q1 EPS reported -$0.37 revenue$33,825,000

Q1 2022 revenue $33.8M vs $36.0M YoY (-6.1%); GAAP net loss $7.2M ($0.37 diluted) vs $2.3M loss.
Adjusted EBITDA loss $2.1M vs +$0.3M YoY; restructuring costs of $4.5M included.
Cash and equivalents $46.3M, no debt; regular quarterly dividend $0.3125/share declared.
Strategic alternatives review concluded; Board determined standalone execution best path.
FY 2022 guidance unchanged: total revenue $126M-$139.2M, adjusted op ex $118.8M-$128.6M.

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