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Mar 31, 2024
Spok Q1 2024 Earnings Report
Spok reported first quarter results with total year-over-year revenue growth exceeding 5% and software revenue growth over 15%.
Key Takeaways
Spok Holdings, Inc. reported a strong first quarter in 2024, with significant growth in software revenue and overall revenue. The company's net income and adjusted EBITDA also increased compared to the prior year period. Spok is reiterating its guidance estimates for revenue and adjusted EBITDA generation for this year.
Net income increased by 35.9% year-over-year to $4.2 million, or $0.21 per diluted share.
Adjusted EBITDA increased by 9.2% year-over-year to $7.5 million.
Software operations bookings increased by 39% year-over-year to $7.9 million.
Software revenue increased by 15% year-over-year to $16.3 million.
Revenue by Segment
Forward Guidance
The company reiterated the following expectations for the full year 2024: Total Revenue between $136.0 million and $144.0 million and Adjusted EBITDA between $27.5 million and $32.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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