Quarterly ResultApr 30, 2026, 04:15 PM
SPOK Q1 Revenue -8.5% to $33.2M; Net Income -61.8% to $2.0M
AI Summary
Spok Holdings, Inc. reported a significant decline in Q1 2026 financial results, with total revenue decreasing by 8.5% to $33.2 million and net income plummeting by 61.8% to $2.0 million. Diluted EPS also fell by 64% to $0.09. Despite the downturn, the company's Board declared a regular quarterly cash dividend of $0.3125 per share, consistent with the prior year.
Key Highlights
- Total revenue decreased 8.5% to $33.2 million from $36.3 million YoY.
- Net income fell 61.8% to $2.0 million from $5.2 million YoY.
- Diluted EPS decreased 64% to $0.09 from $0.25 YoY.
- Wireless revenue declined 5.4% to $17.5 million.
- Software revenue decreased 11.7% to $15.7 million.
- Net cash provided by operating activities increased 8.4% to $2.4 million.
- Board declared a quarterly cash dividend of $0.3125 per share.
- No shares were repurchased under the $10 million buyback program in Q1 2026.