Overview

• Spok Q3 2025 total revenue declines 2.9% yr/yr

• Wireless ARPU rises 3% yr/yr, net churn improves by 20 bps

• Company returns $6.4 mln in capital to stockholders in Q3 2025

Outlook

• Spok reaffirms 2025 revenue guidance of $138.0 mln to $143.5 mln

• Company expects 2025 adjusted EBITDA between $28.5 mln and $32.5 mln

• Spok projects 2025 wireless revenue between $71.5 mln and $73.5 mln

Result Drivers

• MANAGED SERVICES REVENUE - Growth in managed services revenue contributed to stable software revenue despite declines in other areas

• WIRELESS ARPU - Wireless average revenue per unit increased by 3% year-over-year, supporting revenue stability

• R&D INVESTMENT - Spok invested $9.1 mln in R&D to support future growth in its product platform

Key Details

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 is $19.50, about 15.8% above its October 28 closing price of $16.41

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw7j0d03a

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(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.)