Spok Reports Third Quarter 2026 Results
Business Wire•28/10/2026•16:05 ET
0
Key Highlights
- ➤Net income $9.7 million, up 203.4% year over year
- ➤Adjusted EBITDA $8.6 million, up 29.6% year over year
- ➤Full-year 2026 revenue and adjusted EBITDA guidance reiterated
- ➤Narrowband license sale added more than $7.5 million to cash
- ➤Quarterly dividend declared at $0.3125 per share
Expert Statements
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“Our focus continues to be on generating cash flow and returning capital to stockholders, while responsibly investing for future growth”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“In the third quarter, we were able to deliver a more than 200% year-over-year increase in net income, a nearly 30% year-over-year increase in adjusted EBITDA, and a 12-basis point improvement in wireless unit attrition from the already low second quarter rate, as well as an increase in year-over-year wireless average revenue per unit.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“As part of the strategic realignment that we outlined earlier this year, we closed the sale of certain of our narrowband spectrum licenses as we continue to find efficiencies within our organization and monetize our valuable asset base.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“After customary transaction fees, we added more than $7.5 million to our cash and cash equivalents balances, which now total more than $30 million.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“We are confident that actions such as this will continue to create significant value for stockholders, while supporting both our investment in our Care Connect® Suite and our quarterly dividend, which currently represents a yield in excess of 10% for our stockholders.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“Additionally, Spok is actively incorporating artificial intelligence to drive further operational efficiencies across the organization, with a particular focus on accelerating product development timelines, reducing time to market for new Care Connect Suite capabilities and other internal uses.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“At this very critical juncture for Spok, we are bringing engineering, product strategy, and sales together under one experienced leader, as we position ourselves to move faster, serve our customers better, pursue new growth opportunities and further leverage AI throughout our product offering.”
Vincent D. Kelly, Chief executive officer of Spok Holdings, Inc.
“Based on the anticipated full-year financial impact of the strategic realignment and our visibility into our product sales pipeline, we are reiterating our full year 2026 financial guidance estimates for revenue and adjusted EBITDA.”
Net Income and Adjusted EBITDA Up Over 200% and Nearly 30%, Respectively, From Prior Year Quarter
Generates more than $7.5 Million of Cash After Closing Sale of Narrowband Licenses
Get started
Create a free account to read the full story.
