Thu, Jul 25, 8:06 PM (44 days ago)
Spok Holdings, Inc. reported a decline in total revenue for Q2 2024, with a 6.8% decrease compared to Q2 2023, driven by a 10.8% drop in software revenue and a 3.1% decrease in wireless revenue. Operating income fell by 28% to $4.5 million. Net income decreased by 27.6% to $3.4 million. Cash and cash equivalents decreased by $8.1 million from December 2023, ending at $23.9 million. The company maintained its quarterly dividend of $0.3125 per share. Operating expenses increased slightly, mainly due to higher payroll and related expenses. The company continues to face challenges from a declining wireless subscriber base and lower software sales.