Spok Holdings (SPOK) Reports Q4 Loss of $0.50; Offers FY20 Revenue Outlook

Spok Holdings (NASDAQ: SPOK) reported Q4 EPS of ($0.50), versus $0.01 reported last year. Revenue for the quarter came in at $39.55 million, versus $43.26 million reported last year.

GUIDANCE:

Spok Holdings sees FY2020 revenue of $149-165 million.

Commenting on the Company’s previously provided financial guidance for 2019, Wallace noted: “We are pleased that 2019 results were consistent with the guidance ranges we had provided. For the year, total revenue of $160.3 million was slightly below the midpoint of our guidance range of $156 million to $174 million, adjusted operating expenses (excluding depreciation, amortization and accretion and the goodwill impairment) of $158.0 million were also slightly below the midpoint of our guidance range of $155 million to $165 million, and capital expenses of $4.8 million were slightly below the midpoint of our guidance range of $3.0 million to $7.0 million.”

Regarding financial guidance for 2020, Wallace said the Company expects total revenue to range from $149 million to $165 million. Included in that total, the Company expects software revenue to comprise $72 million to $80 million, consistent with 2019 levels at the low end of the guidance range and a 10.9 percent improvement from 2019 at the high end of the guidance range. Also, Spok expects adjusted operating expenses (excluding depreciation, amortization and accretion) to range from $158 million to $167 million, and capital expenses to range from $2.3 million to $6.3 million.

For earnings history and earnings-related data on Spok Holdings (SPOK) click here.

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