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Spok Reports Second Quarter 2026 Results

  • Spok Holdings, Inc. reported net income of $4.1 million & adjusted EBITDA of $9.1 million for the second quarter ended June 30, 2026.
  • Second-quarter software operations bookings reached $9.5 million, representing a nearly 92% increase from the prior quarter.
  • Software revenue grew over 3% year-over-year, driven by a 51.7% increase in license revenue & a 53.4% rise in managed services revenue.
  • The company executed an agreement to sell narrowband spectrum licenses for $8 million, which closed on July 20, 2026.
  • The Board declared a quarterly dividend of $0.3125 per share, payable on September 9, 2026, to stockholders of record on August 19, 2026.
  • Total capital returned to stockholders in the quarter totaled $6.5 million.
  • Software backlog stood at $57.1 million as of June 30, 2026.
  • Wireless average revenue per unit (ARPU) remained stable at $8.20, while wireless units in service declined by 1.8%.
  • Research and development costs were $3.3 million, supporting Artificial Intelligence integration & solution enhancements.
  • The company ended the period with $16.6 million in cash & cash equivalents & no debt.
  • Spok adjusted its full-year 2026 revenue guidance midpoint to $136 million while maintaining the adjusted EBITDA midpoint at $30 million.
  • Second-quarter net income included $1.5 million in severance & restructuring charges related to a strategic realignment.