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Jun 30, 2024
Spok Q2 2024 Earnings Report
Spok's second quarter results were reported, highlighting software operations bookings up 10.3% from the prior quarter and software revenue performance driven by growth in maintenance and services.
Key Takeaways
Spok Holdings, Inc. reported its second-quarter results, with software operations bookings increasing by 10.3% compared to the first quarter of 2024. The results were driven by a mix of large deals and growing average contract sizes. The company is reiterating its full-year guidance for revenue and adjusted EBITDA.
Software operations bookings totaled $8.7 million, up 10.3% from the first quarter of 2024.
Software backlog totaled $55.0 million at June 30, 2024, up nearly 4% from the prior year.
Wireless average revenue per unit (ARPU) was $7.84, up on a year-over-year basis.
Net income was $3.425 million.
Revenue by Segment
Forward Guidance
The Company reiterated the following expectations for the full year 2024. Total Revenue is expected to be between $136.0 million and $144.0 million. Adjusted EBITDA is expected to be 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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