AI Earnings Predictions for Spok Holdings Inc. (SPOK)

EX-99.1

2 a3q26-ex991earningspressre.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

CONTACT:

Al Galgano

952-224-6096

al.galgano@spok.com

Spok Reports Third Quarter 2026 Results

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

Plano, Tx. (October 28, 2026) - Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced results for the third quarter ended September 30, 2026. In addition, the Company’s Board of Directors declared a regular quarterly dividend of $0.3125 per share, payable on December 9, 2026, to stockholders of record on November 18, 2026.

Recent Highlights:

•Third quarter net income of $9.7 million, which included the gain on the sale of the narrowband licenses, was up from third quarter 2025 net income of $3.2 million

•Adjusted EBITDA totaled $8.6 million in the third quarter of 2026, up 29.6% from the prior year period

•Software revenue in the third quarter totaled more than $16 million, driven by a nearly 30% year-over-year growth in license revenue and a more than 30% year-over-year increase in managed services revenue

•Third quarter 2026 wireless average revenue per unit (ARPU) was $8.36, up from the prior year period

•Wireless units in service declined by 1.7% in the third quarter, a 12-basis point improvement from the already low second quarter decline

•Capital returned to stockholders in the third quarter of 2026 totaled $6.5 million

•Research and development costs totaled $3.2 million in the third quarter of 2026, supporting Spok's focus on artificial intelligence and further enhancements in the Company's industry-leading solutions

•Cash and cash equivalents balance of $30.1 million at September 30, 2026, and no debt

•Spok closed its agreement to sell certain narrowband spectrum licenses in its two-way paging inventory, adding more than $7.5 million to cash balances

"Our focus continues to be on generating cash flow and returning capital to stockholders, while responsibly investing for future growth,” said Vincent D. Kelly, chief executive officer of Spok

Spok.com

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Exhibit 99.1

NEWS RELEASE

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.

“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. 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. 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.

"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. Toward that end, last week we announced the addition of an executive vice president and general manager, Shiv Gopalkrishnan. 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.

"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. The detail for this guidance is contained in the table attached to our press release," concluded Kelly.

Spok.com

2

Exhibit 99.1

NEWS RELEASE

Financial Highlights:

For the three months ended September 30, For the nine months ended September 30,

(Dollars in thousands)20262025Change (%)20262025Change (%)

Revenue

Wireless revenue

Paging revenue$16,036 $16,917 (5.2)%$48,616 $51,716 (6.0)%

Product and other revenue953 877 8.7 %3,072 2,992 2.7 %

Total wireless revenue$16,989 $17,794 (4.5)%$51,688 $54,708 (5.5)%

Software revenue

License$1,393 $1,076 29.5 %$6,387 $6,101 4.7 %

Professional services - projects2,970 3,649 (18.6)%9,066 11,951 (24.1)%

Professional services - managed services2,355 1,807 30.3 %6,746 4,642 45.3 %

Hardware236 393 (39.9)%550 1,090 (49.5)%

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