Spok Hldgs Inc Stock Price, News & Analysis

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.

Spok, a subsidiary of Spok Holdings (NASDAQ: SPOK), announced that St. Joseph's Healthcare Hamilton (SJHH) has chosen Spok Go for secure digital communication across its hospital system. This collaboration aims to enhance clinical workflows, allowing clinicians to spend more time with patients. SJHH plans to implement Spok Go for on-call scheduling and other communication improvements. The partnership will focus on optimizing the platform's capabilities to foster clinical innovation and enhance patient care efficiency.

Spok, Inc., a subsidiary of Spok Holdings (NASDAQ: SPOK), announced that Mercy Iowa City has selected the Spok Go® communication platform to enhance patient care through improved communication workflows. Mercy Iowa City, with 194 acute care beds, aims to reduce IT complexity and unify its communication strategy. Spok Go will streamline critical functions such as secure messaging and paging, integrating well with existing systems, including EHR. Mercy Iowa City has relied on Spok for over a decade, emphasizing the importance of effective communication in healthcare.

Spok Holdings, Inc. (NASDAQ: SPOK), a leader in healthcare communications, will announce its 2020 fourth-quarter operating results on February 17, 2021, at approximately 4:30 p.m. ET. A conference call for investors to discuss these results will take place on February 18, 2021, at 10:00 a.m. ET. Participants can join at 1-929-477-0577 or 866-248-8441, using the confirmation code 6764724. A replay will be available from 1:00 p.m. ET on February 18 until 1:00 p.m. ET on March 4, 2021, at http://tinyurl.com/Spok2020Q4earningsreplay.