Spok Hldgs Inc Stock Price, News & Analysis

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.

Spok Holdings, Inc. (NASDAQ: SPOK) held its 2021 Annual Meeting of Stockholders, successfully electing all ten nominees to the board for one-year terms. The meeting also ratified Grant Thornton LLP as independent auditor for 2021 and approved executive compensation via an advisory vote. With Spok's platforms supporting over 100 million messages monthly, the company continues to lead in healthcare communications, enhancing clinical workflows and patient outcomes.

Spok Holdings, Inc. (NASDAQ: SPOK) announced the nomination of Randy Hyun to its Board of Directors for the upcoming 2021 Annual Meeting on July 20. Hyun, currently COO of CarepathRx, brings over 20 years of healthcare management experience. He aims to leverage his extensive background in technology solutions to enhance Spok's cloud-native communication platform. Additionally, the company has established a Capital Allocation Committee to focus on maximizing shareholder value. Brian O'Reilly will not seek re-election, having served as a board member since before Spok pivoted to software solutions.

Spok Holdings (NASDAQ: SPOK) reported Q1 2021 results, showing consolidated revenue of $36.0 million, down from $37.3 million in Q1 2020. Software revenue remained stable at $15.9 million, with bookings totaling $14.6 million. The company declared a quarterly dividend of $0.125 per share, payable on June 24, 2021. Operating expenses decreased by over 7% to $37.8 million. The cash balance was $71.6 million, down from $78.7 million at year-end 2020, while the average revenue per unit (ARPU) saw a slight increase to $7.34.

Spok, Inc. announced significant improvements in emergency department outcomes for TidalHealth since implementing Spok Go®. The platform has resulted in a 38-minute reduction in boarding time and a 27-minute decrease in overall patient stay length. TidalHealth is expanding the use of Spok Go to enhance communication across other specialties. The CEO of Spok Holdings expressed excitement over the rapid results achieved by TidalHealth, highlighting the company's role in transforming healthcare communication.

Spok Holdings (NASDAQ: SPOK), a leader in healthcare communications, will report its 2021 first-quarter operating results on April 28, 2021, after market close. The conference call for investors is scheduled for April 29, 2021, at 10:00 a.m. ET. Interested parties can dial 1-334-323-0501 or 800-353-6461 to join, using the confirmation code 4773192. A replay will be available from April 29 to May 13, 2021, at http://tinyurl.com/Spok2021Q1earningsreplay.

Spok supports over 100 million monthly messages to improve patient outcomes through its Spok Go® and Spok Care Connect® platforms.

Spok, Inc., a leader in healthcare communications, announced that Southcoast Health will implement the Spok Go cloud-native communication platform to enhance secure communication across its health system. After over two decades of utilizing Spok solutions, including Spok Care Connect, Southcoast aims to further streamline clinical communication. The partnership focuses on two-way messaging between providers, ensuring rapid communication through effective scheduling and directory capabilities. Spok CEO Vincent D. Kelly emphasized the importance of reliable messaging in healthcare.