Spok Holdings Inc
NASDAQ:SPOK
Spok Holdings Inc
Spok Holdings, Inc. engages in the provision of communication solutions. The company is headquartered in Springfield, Virginia and currently employs 563 full-time employees. Company. The firm is focused on offering a suite of unified clinical communication and collaboration solutions, which includes call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications, and public safety solutions. The firm offers its services and products to three market segments: healthcare, government, and large enterprises. The firm provides one-way messaging consisting of numeric and alphanumeric messaging services. Two-way messaging services enable subscribers to send and receive messages to and from other wireless messaging devices, including pagers, personal digital assistants, and personal computers. The firm also offers voice mail, personalized greetings, message storage and retrieval, and equipment loss and/or maintenance protection to both one-way and two-way messaging subscribers.
Spok Holdings, Inc. engages in the provision of communication solutions. The company is headquartered in Springfield, Virginia and currently employs 563 full-time employees. Company. The firm is focused on offering a suite of unified clinical communication and collaboration solutions, which includes call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications, and public safety solutions. The firm offers its services and products to three market segments: healthcare, government, and large enterprises. The firm provides one-way messaging consisting of numeric and alphanumeric messaging services. Two-way messaging services enable subscribers to send and receive messages to and from other wireless messaging devices, including pagers, personal digital assistants, and personal computers. The firm also offers voice mail, personalized greetings, message storage and retrieval, and equipment loss and/or maintenance protection to both one-way and two-way messaging subscribers.
Revenue Decline: Spok reported Q3 2025 revenue of $33.9 million, down from $34.9 million in the prior year due to lower wireless and software revenue.
Profit Down: Net income fell to $3.2 million or $0.15 per share, versus $3.7 million or $0.18 per share last year.
Licensing Revenue Volatility: Management attributed a 55% year-over-year decline in software licensing revenue to deal timing, noting that bookings can be lumpy quarter to quarter.
Strong Cash Generation: Adjusted EBITDA of $6.6 million exceeded the $6.4 million paid in dividends, and cash balances grew during the quarter.
Guidance Reaffirmed: The company reaffirmed full-year 2025 guidance for revenue and adjusted EBITDA, citing a robust sales pipeline and expected strong Q4.
R&D Investment: R&D spending is projected to rise to over $13 million in 2026, with investment focused on enhancing the Care Connect suite.
Recurring Revenue Strength: Nearly 80% of revenue is recurring, and the company has no debt, providing financial flexibility.
