Spok Hldgs Inc Stock Price, News & Analysis

Spok, Inc., a leader in healthcare communications, announced its upcoming Connect 21 Virtual conference on October 11-12, 2021. This virtual event aims to facilitate collaboration among healthcare professionals during the COVID-19 pandemic. With a focus on enhancing communication technologies, the conference will feature expert speakers discussing clinical communication and secure messaging solutions. Attendees will also explore Spok Go®, the company's cloud-native platform, and receive product updates and training.

On September 14, 2021, Spok Holdings, Inc. (NASDAQ: SPOK) announced the postponement of its Investor Day Program, initially set for October 11, 2021. This decision is attributed to an ongoing strategic alternatives review process, first disclosed on September 3, 2021. Meanwhile, the Connect 21 conference for Spok customers will take place virtually on October 11-12, 2021, with some sessions available to the investment community afterward. Further details will be provided at a later date.

Spok Holdings, Inc. (NASDAQ: SPOK) announced a strategic review process in response to multiple acquisition interests. This review, facilitated by financial and legal advisors, aims to explore potential transactions that maximize shareholder value. A limited-duration shareholder rights plan was also approved to protect this process, effective immediately and expiring on August 31, 2022. The plan allows shareholders to purchase additional shares at a discount if any entity acquires 10% or more of the stock. The Board emphasized transparency, inviting interested parties to participate equally.

Spok, a subsidiary of Spok Holdings (NASDAQ: SPOK), has announced enhancements to Spok Go and the introduction of the ReadyCall Text pager, aimed at improving healthcare communication. With over 2,200 hospital implementations, these tools are designed to integrate communication across departments. Key features include secure messaging, critical test result alerts, and an antimicrobial pager for patient communication. These innovations support hospitals’ goals for enhanced patient care and operational efficiency.

Spok Holdings, Inc. (NASDAQ: SPOK) announced it received a proposal from Acacia Research Corporation (NASDAQ: ACTG) to acquire all outstanding shares for $10.75 per share in cash. Spok's Board plans to evaluate this offer with its financial and legal advisors. No immediate action is required from shareholders. The proposal’s future remains uncertain, as there are no assurances it will result in a formal offer or agreement. Spok continues to provide critical healthcare communication solutions, enhancing workflows in the U.S. healthcare sector.

Spok, Inc., a leader in healthcare communications and a subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), has announced that all 20 adult and 10 children’s hospitals on the U.S. News & World Report’s 2021-22 Best Hospitals Honor Roll utilize its secure communication solutions. This marks nine consecutive years of collaboration with adult Best Hospitals and eight years with children's Best Hospitals. More than 2,200 hospitals in the U.S. rely on Spok for effective healthcare communication, critical for patient outcomes, particularly in emergencies.

Spok Holdings, Inc. (NASDAQ: SPOK) reported its second quarter results for 2021, revealing software revenue of $15.9 million, up 8.2% year-over-year. Despite a slight decline in software bookings to $13.0 million, the company declared a quarterly dividend of $0.125 per share, payable on September 10, 2021. Consolidated revenue held steady at $35.7 million, with a net loss of $0.7 million, or $0.04 per diluted share. Spok maintains a strong cash position of $68.1 million and expects stable revenue growth, with 82% of revenue being recurring. The company is optimistic about its software pipeline for the second half of 2021.

Spok Holdings (NASDAQ: SPOK), a leader in healthcare communications, will report its 2021 second quarter operating results on July 28, 2021, post-market close at 4:30 p.m. ET. An investor conference call is scheduled for July 29, 2021, at 10:00 a.m. ET, with dial-in options available. A replay will be accessible from 1:00 p.m. ET on the same day until August 12, 2021. Spok supports healthcare providers with efficient communication solutions, handling over 100 million messages monthly. For more details, visit spok.com.