Loading...
•
Sep 30, 2024
Spok Q3 2024 Earnings Report
Spok's Q3 2024 results reflected strong software operations bookings and increased software backlog.
Key Takeaways
Spok Holdings, Inc. reported its Q3 2024 results, featuring a significant increase in software operations bookings, up 64.4% year-over-year, and a more than 19% increase in software backlog compared to the prior year quarter. The company reiterated its full-year 2024 revenue and adjusted EBITDA guidance.
Software operations bookings increased by 64.4% year-over-year, reaching $10.4 million.
Software backlog grew by over 19% from the prior year quarter, totaling $63.6 million.
Wireless average revenue per unit (ARPU) rose by nearly 5% year-over-year to $7.95.
Cash and cash equivalents increased by nearly $4.0 million in the third quarter, reaching $27.8 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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...