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Spok Holdings, Inc - SPOK STOCK NEWS

Welcome to our dedicated page for Spok Holdings news (Ticker: SPOK), a resource for investors and traders seeking the latest updates and insights on Spok Holdings stock.

Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Springfield, VA, stands as a global leader in healthcare communications. Its wholly-owned subsidiary, Spok, Inc., plays a pivotal role in delivering clinical information to care teams, enhancing patient outcomes. The core of Spok's operations is the Spok Care Connect® platform, which is trusted by top hospitals to streamline clinician workflows, support administrative compliance, and elevate patient experiences. Each month, customers transmit over 100 million messages through Spok® solutions, underscoring the platform's reliability when every second counts.

Spok Holdings functions across three primary market segments: Healthcare, Government, and Large Enterprise. The company extends a variety of services including Value-Added Services, Advisory Services, Assessment Services, and Adoption Services. These offerings are designed to support both the U.S. and international markets, ensuring comprehensive communication solutions for diverse needs.

Recent achievements highlight Spok's ongoing commitment to excellence and innovation in healthcare communications. The company's financial stability and strategic partnerships have solidified its status as a reliable provider in the industry. For more details, visit spok.com or follow their updates on Twitter @spoktweets.

Stay informed with the latest updates and news about Spok Holdings, Inc. to keep track of its performance, events, and developments.

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Spok Holdings, Inc. (NASDAQ: SPOK) announced its first quarter 2022 results, reporting consolidated revenue of $33.8 million, down 6.1% from the previous year's $36.0 million. The company declared a $0.3125 per share dividend, totaling $6.5 million returned to shareholders. Operating expenses rose to $42.5 million, with a net loss of $7.2 million or $0.37 per share. The Board concluded its strategic alternatives review, determining to focus on executing its business plan independently. Future guidance remains unchanged, projecting total revenue between $126 million and $139.2 million for 2022.

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Spok Holdings, Inc. (NASDAQ: SPOK) will release its first quarter 2022 operating results on April 28, 2022, before U.S. markets open. A conference call to discuss these results is scheduled for 8:30 a.m. EDT the same day and will be accessible to the public via webcast. Interested participants can dial in ten minutes early using the U.S. toll-free number 877-407-0890 or the international number +1-201-389-0918. Spok specializes in healthcare communications, facilitating over 100 million messages monthly to enhance clinical workflows.

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Spok, a subsidiary of Spok Holdings (NASDAQ: SPOK), has partnered with Tyto Athene to deliver critical communication solutions for the U.S. Air Force, including Enhanced 9-1-1 and PC/PSAP communications, across 48 military bases globally. This agreement marks the fifth consecutive collaboration between the two firms, emphasizing their role in enhancing national security communications. With over 100 million messages transmitted monthly through Spok solutions, this partnership demonstrates their commitment to supporting life safety systems.

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Spok Holdings has reduced its Board of Directors to six members to align with a new strategic business plan aimed at maximizing revenue and shareholder value. Four directors will not stand for re-election at the upcoming Annual Meeting, including Chair Royce Yudkoff. Christine M. Cournoyer is set to become the new independent Chair. The changes are backed by Braeside Investments, supporting the election of the new board slate. This restructuring aims to reflect the company’s needs and strengthen leadership as Spok continues its strategic shift announced on February 17, 2022.

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Spok, a subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), will showcase its healthcare communication platform, Spok Care Connect®, at HIMSS22 from March 14-18, 2022, in Orlando, Florida. The company aims to address the need for secure information exchange in hospitals by demonstrating new approaches to patient device association. Attendees can also explore the new GenA™ pager, featuring advanced encryption and an antimicrobial housing, designed to support hygiene protocols. This event underscores Spok's commitment to improving patient outcomes through enhanced communication solutions.

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Spok, a leader in healthcare communications, has been selected by the University of Rochester Medical Center (URMC) to implement its Spok Care Connect platform. This system will replace URMC's existing operator console and enhance clinical communication at Strong Memorial Hospital. The deployment includes Spok Smart Console for operator services, Messenger for critical connectivity, and Smart Web for centralized contact data. URMC plans to explore further service extensions with Spok, which facilitates over 100 million messages monthly.

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Spok Holdings has announced a strategic business plan focused on maximizing free cash flow and returning capital to shareholders. The company has increased its quarterly dividend by 150%, raising it from $0.125 to $0.3125. Additionally, a $10 million share repurchase program has been authorized. Spok will discontinue its Spok Go platform to cut costs and will streamline its management. The Board is also considering strategic alternatives for maximizing shareholder value, including potential acquisition offers.

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Spok Holdings, Inc. announced a significant 150% increase in its quarterly dividend, now at $0.3125 per share, following its fourth-quarter and full-year 2021 results. The company reported a net loss of $16.7 million for Q4 2021, down from a loss of $46.6 million in Q4 2020. Total revenue for 2021 decreased to $142.2 million from $148.2 million in 2020. Despite showing resilience in its wireless revenue, overall performance was impacted by a non-cash impairment charge of $15.7 million. Looking ahead, Spok expects total revenue in 2022 to range from $126 million to $139.2 million.

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Spok Holdings, Inc. (NASDAQ: SPOK) will release its fourth quarter and full year 2021 operating results before market open on February 17, 2022. A conference call is scheduled for the same day at 8:30 a.m. Eastern Time to discuss these results. Participants can join via toll-free and international dial-ins: 877-407-0890 for U.S. and 201-389-0918 for international calls. The event will also be available as a webcast.

Spok specializes in healthcare communications, delivering over 100 million messages monthly to enhance clinical workflows and patient outcomes.

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Spok, Inc., a leader in healthcare communications, has been recognized as the top-rated secure communications platform for the fifth consecutive year in the Black Book Research survey. This accolade reflects customer satisfaction across 13 key performance indicators, including innovation and reliability. The CEO, Vincent D. Kelly, emphasized the company's commitment to secure communications amid rising cybersecurity threats. Spok facilitates over 100 million messages monthly, supporting critical clinical workflows.

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FAQ

What is the current stock price of Spok Holdings (SPOK)?

The current stock price of Spok Holdings (SPOK) is $15.96 as of December 20, 2024.

What is the market cap of Spok Holdings (SPOK)?

The market cap of Spok Holdings (SPOK) is approximately 333.7M.

What is Spok Holdings, Inc.?

Spok Holdings, Inc. is a global leader in healthcare communications, providing clinical information solutions to improve patient outcomes.

What services does Spok Holdings, Inc. offer?

Spok Holdings offers services like Value-Added Services, Advisory Services, Assessment Services, and Adoption Services across healthcare, government, and large enterprise sectors.

What is the Spok Care Connect® platform?

The Spok Care Connect® platform is designed to enhance clinician workflows, support administrative compliance, and improve patient experiences.

How many messages are sent through Spok solutions each month?

Customers send over 100 million messages through Spok solutions each month.

Where is Spok Holdings, Inc. headquartered?

Spok Holdings, Inc. is headquartered in Springfield, VA.

Which market segments does Spok Holdings, Inc. serve?

Spok Holdings, Inc. serves the Healthcare, Government, and Large Enterprise market segments.

How can I get more information about Spok Holdings, Inc.?

For more information, you can visit their website at spok.com or follow them on Twitter @spoktweets.

What are some recent achievements of Spok Holdings, Inc.?

Spok Holdings has achieved various milestones in healthcare communications, driven by financial stability and strategic partnerships.

Is Spok Holdings, Inc. involved in international markets?

Yes, Spok Holdings, Inc. provides its services both in the United States and internationally.

How does Spok Holdings, Inc. improve patient outcomes?

By delivering timely clinical information to care teams through their communication solutions, Spok Holdings, Inc. plays a crucial role in improving patient outcomes.

Spok Holdings, Inc

Nasdaq:SPOK

SPOK Rankings

SPOK Stock Data

333.68M
19.80M
2.34%
58.49%
1.81%
Health Information Services
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United States of America
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