NASDAQ$SPOK
Spok Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Spok's Q4 2023 performance reflected revenue growth and strategic investments.
Spok Holdings, Inc. reported a net income of $3.4 million for Q4 2023, with software revenue up 4% year-over-year and wireless revenue showing a slight increase. The company's software operations bookings totaled $4.1 million, with significant growth in software backlog. The company provided revenue and adjusted EBITDA guidance for 2024.
- Net income was $3.4 million, or $0.17 per diluted share, in Q4 2023.
- Adjusted EBITDA reached $6.5 million in Q4 2023.
- Software revenue increased by 4% year-over-year, totaling $14.9 million.
- Wireless revenue remained stable at $19.1 million.
Headline financials
Revenue & EPS history
Spok · Revenue · Quarterly
$34M
Revenue by segment
Spok · $33.2M total across 2 segments · Q1 2023
- Wireless Revenue$19M—57.3%
- Software Revenue$14.2M—42.7%
Forward guidance
Spok provided revenue and adjusted EBITDA guidance for the full year 2024, anticipating year-over-year revenue growth and consistent adjusted EBITDA.
Tailwinds
- Total revenue is expected to be in the range of $136 million to $144 million.
- Software revenue is projected to be between $64 million and $69 million.
- Adjusted EBITDA is anticipated to be in the range of $27.5 million to $32.5 million.
- The company expects to grow consolidated revenue in 2024.
- Continued growth in software revenue is expected to offset slight declines in wireless revenue.
Headwinds
- Wireless revenue is expected to decline slightly.
- The guidance is subject to various economic and market conditions.
- The company's ability to achieve its guidance depends on its operational performance.
- The guidance is based on certain assumptions and estimates.
- The company will continue to update its outlook each quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-1.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+0.5%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+15.6%
Q2 2023
Best reaction
-17.3%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | -1.6% | -4.2% | |
| Q4 2025 | -13.4% | -11.2% | -19.5% | |
| Q3 2025 | -12.5% | -12.9% | -16.0% | |
| Q1 2025 | +13.2% | +15.1% | +13.0% | |
| Q4 2024 | +2.4% | -0.7% | -1.1% | |
| Q3 2024 | +3.5% | +5.0% | +9.1% | |
| Q2 2024 | -7.2% | -8.7% | -9.4% | |
| Q1 2024 | -6.5% | -7.2% | -1.6% | |
| Q4 2023 | +10.0% | +12.9% | +4.9% | |
| Q3 2023 | +2.3% | +3.6% | +21.1% | |
| Q2 2023 | +15.6% | +26.9% | +19.4% | |
| Q1 2023 | +1.9% | +1.1% | -4.4% | |
| Q4 2022 | +0.3% | +8.2% | +12.6% | |
| Q3 2022 | +3.5% | +9.1% | +1.7% | |
| Q2 2022 | +1.3% | +6.9% | +14.3% | |
| Q1 2022 | -8.9% | -4.8% | -6.2% | |
| Q4 2021 | -9.6% | -10.1% | -14.7% | |
| Q3 2021 | -4.0% | -2.1% | -11.8% | |
| Q2 2021 | -6.8% | -9.9% | -12.3% | |
| Q1 2021 | -3.8% | -3.3% | +9.9% | |
| Q4 2020 | -12.9% | -10.1% | -5.7% | |
| Q3 2020 | +1.7% | +4.8% | +15.4% | |
| Q2 2020 | -0.1% | +1.9% | +12.7% | |
| Q1 2020 | -7.5% | -6.6% | -7.4% | |
| Q4 2019 | -2.7% | +0.6% | +1.8% | |
| Q3 2019 | -0.4% | +3.3% | +9.5% | |
| Q2 2019 | -14.5% | -13.3% | -16.7% | |
| Q1 2019 | -2.6% | -1.5% | +13.8% | |
| Q4 2018 | -2.7% | -3.3% | -4.1% | |
| Q3 2018 | -6.3% | -6.3% | -0.8% | |
| Q2 2018 | +1.7% | +0.3% | +6.8% | |
| Q1 2018 | +1.6% | -2.6% | +0.7% | |
| Q4 2017 | +6.7% | +6.4% | +0.7% | |
| Q3 2017 | +2.3% | +4.7% | +6.1% | |
| Q2 2017 | -5.8% | -5.2% | -3.5% | |
| Q1 2017 | +2.9% | -6.8% | -9.4% | |
| Q4 2016 | +3.3% | -0.3% | +4.4% | |
| Q3 2016 | +0.7% | +2.1% | +3.2% | |
| Q2 2016 | -3.2% | -2.4% | -12.4% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | +4.5% | — | — | |
| Q2 2015 | +2.7% | — | — | |
| Q1 2015 | -10.0% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | +11.3% | — | — | |
| Q2 2014 | +7.2% | — | — | |
| Q1 2014 | +6.7% | — | — | |
| Q4 2013 | +6.1% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | -16.0% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q4 2009 | -4.4% | — | — | |
| Q3 2010 | -17.3% | — | — | |
| Q3 2011 | -17.3% | — | — | |
| Q2 2011 | +6.9% | — | — | |
| Q4 2010 | +6.9% | — | — | |
| Q2 2010 | +6.9% | — | — | |
| Q1 2010 | -3.8% | — | — |
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