Overview

* Spok ( SPOK ) Q2 net income up 33% yr/yr, adjusted EBITDA beats estimates

* Software revenue rises 10% yr/yr, driven by 34% increase in bookings

* Company raises 2025 financial guidance for revenue and adjusted EBITDA

Outlook

* Company raises 2025 revenue guidance to $138.0 mln-$143.5 mln

* Spok ( SPOK ) expects 2025 wireless revenue of $71.5 mln-$73.5 mln

* Company anticipates 2025 software revenue of $66.5 mln-$70.0 mln

* Spok ( SPOK ) projects 2025 adjusted EBITDA of $28.5 mln-$32.5 mln

Result Drivers

* SOFTWARE BOOKINGS - Software operations bookings rose 34% yr/yr, driving a 10% increase in software revenue

* MANAGED SERVICES GROWTH - Managed services revenue saw triple-digit growth, contributing to overall software revenue increase

* WIRELESS ARPU - Wireless average revenue per unit (ARPU) increased nearly 5% yr/yr, despite decline in units in service

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $4.55

Income mln

Q2 Beat $7.49 $6.90

Adjusted mln mln (1

EBITDA Analyst)

Q2 $29.42

Adjusted mln

Operatin

g

Expenses

Q2 $30.29

Operatin mln

g

Expenses

Q2 $17.25

Software mln

Revenue

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the wireless telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Spok Holdings Inc ( SPOK ) is $19.00, about 10.1% above its July 29 closing price of $17.08

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)