Business Wire·Apr 29, 2026, 4:05 PM ET

Spok Reports First Quarter 2026 Results

SPOK

Spok Holdings reported first-quarter 2026 revenue of $33.2 million, an 8.5% decrease year-over-year.
Software managed services revenue grew nearly 57% year-over-year, contributing to total software revenue of $15.7 million.
The company reiterated its full-year 2026 financial guidance, projecting total revenue between $136.0 million and $143.0 million.
Adjusted EBITDA for the quarter was $5.3 million, while net income totaled approximately $2.0 million.
A strategic realignment was announced to reduce operating expenses by over $6.0 million annually, including a 10% workforce reduction.
Software backlog stood at $55.3 million at March 31, 2026, supported by 17 six-figure customer contracts in the quarter.
Wireless average revenue per unit (ARPU) increased 0.6% to $8.29, despite a 6.8% decline in wireless units in service.
The Board declared a quarterly dividend of $0.3125 per share, payable on June 24, 2026, to stockholders of record on May 26, 2026.
Capital returned to stockholders totaled $8.0 million in the first quarter, with cash and cash equivalents ending at $17.1 million.
Research and development expenses were $3.5 million, with the company focusing on artificial intelligence to accelerate product development.
The company operates with no debt and over 80% of its revenue derived from recurring streams such as maintenance, subscriptions, and managed services.
Management expects the strategic realignment to create significant value while maintaining investment in the Care Connect® Suite.