earnings
confidence high
sentiment positive
materiality 0.80
Spok Q2 net income $4.7M up 146% YoY; raises FY2023 revenue & EBITDA guidance
Spok Holdings, Inc
2023-Q2 EPS reported
$0.39
revenue$69,643,000
- Net income $4.7M ($0.23 diluted EPS) vs $1.9M ($0.10) YoY; record software operations bookings $14.0M (+90%).
- Total revenue $36.5M (+8.2% YoY); wireless revenue $18.9M (+0.9%), software revenue $17.6M (+17.2%).
- Adjusted EBITDA $8.5M vs $4.7M YoY; cash $30.9M, no debt; quarterly dividend $0.3125/share maintained.
- FY2023 guidance raised: total revenue now $134.5M-$137.5M (from $131M-$137.5M), adjusted EBITDA $25M-$28M (from $24.5M-$26.5M).
- Wireless ARPU $7.53 (+4.1% YoY); units in service down 0.6% sequentially, 3.5% TTM; 23 six-figure and 3 seven-figure contracts.