SPOK - Spok GAAP EPS of $0.15 beats by $0.01 revenue of $33.18M beats by $0.92M

2023-05-03 17:04:52 ET

• Spok press release ( NASDAQ: SPOK ): Q1 GAAP EPS of $0.15 beats by $0.01 .
• Revenue of $33.18M (-1.9% Y/Y) beats by $0.92M .
• Generated $6.9 million of adjusted EBITDA in the first quarter, compared to a loss of $2.1 million in the first quarter of 2022
• Software operations bookings totaled $5.7 million for the first quarter, compared to $5.2 million in the first quarter of 2022, a nearly 9% year-over-year increase
• First quarter 2023 software operations bookings included 15 six-figure customer contracts, including four new logo customers
• First quarter 2023 wireless average revenue per unit (ARPU) was $7.59, up on both a sequential and year-over-year basis, with units in service down less than 1% from the prior quarter
• First quarter 2023 wireless revenue of $19.0 million, up 1% from revenue of $18.8 million in the year ago period
• Capital returned to stockholders in the first quarter of 2023 totaled $6.9 million in the form of the Company’s regular quarterly dividend
• Cash and equivalents balance of $29.5 million on March 31, 2023, and no debt

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