Spok Holdings, Inc. Appoints Kyle E. Gunderson as Vice President of Development & Chief Technology Officer
Sep 3 14
Spok Holdings, Inc. announced the appointment of Kyle E. Gunderson as Vice President Development & Chief Technology Officer, effective on September 3, 2014. Gunderson most recently served as Chief Technology Officer and Chief Operating Officer at Minneapolis-based Quantum Retail Technology where he provided strategic and operational leadership for all technology operations, including software development, product quality and IT functions.
Spok Holdings, Inc. Appoints Brogan as Controller and Chief Accounting Officer
Sep 2 14
Spok Holdings, Inc. named Danielle Brogan as Controller and Chief Accounting Officer. The appointment is effective on September 02, 2014. She will report to Shawn E. Endsley, chief financial officer. Brogan joins Spok from Primatics Financial where she had been Vice President, Business Analysis and Support.
Spok Holdings Mulls Acquisitions
Jul 31 14
Spok Holdings, Inc. (NasdaqGS:SPOK) is looking for acquisitions. Shawn Endsley, Chief Financial Officer of Spok Holdings, Inc. said, "I would note that we continue to have no debt outstanding and our existing credit facility remains in place, unused, and provides us with approximately $40 million in borrowing capacity for acquisitions or related investment opportunities. The availability of the favorable tax attributes is a consideration as we evaluate acquisitions and other opportunities to invest for internal growth."
Spok Holdings, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Declares Regular Quarterly Dividend, Payable on September 10, 2014; Reaffirms Financial Guidance for 2014
Jul 30 14
Spok Holdings, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. Consolidated revenue for the second quarter was $49.1 million, compared to $52.3 million in the second quarter of 2013. Second quarter EBITDA (earnings before interest, taxes, depreciation, amortization and accretion) totaled $11.7 million, or 23.9% of revenue, compared to $15.7 million, or 30.1% of revenue, in the year-earlier quarter. Net income for the second quarter was $4.3 million, or $0.19 per fully diluted share, compared to $6.8 million, or $0.31 per fully diluted share, in the second quarter of 2013. Capital expenses were $2.4 million, compared to $2.9 million in the second quarter of 2013. Operating income was $7,368,000 against $11,905,000 for the same period of last year. Income before income tax expense was $7,110,000 against $11,766,000 for the same period of last year.
For the six months, total Revenues were $99,213,000 against $105,398,000 for the same period of last year. Operating income was $15,460,000 against $23,645,000 for the same period of last year. Income before income tax expense was $15,151,000 against $23,523,000 for the same period of last year. Net income was $9,181,000 against $13,753,000 for the same period of last year. Diluted net income per common share was $0.42 against $0.63 for the same period of last year. EBITDA was $23,841,000 against $31,274,000 for the same period of last year. Net cash provided by operating activities was $18,351,000 against $23,142,000 for the same period of last year. Purchases of property and equipment was $5,036,000 against $5,268,000 for the same period of last year.
The company added that it is maintaining its previously announced financial guidance for 2014, which projects total revenue to range from $183 million to $201 million, operating expenses (excluding depreciation, amortization and accretion) to range from $147 million to $156 million, and capital expenses to range from $7 million to $9 million.
In addition, the company's Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on September 10, 2014 to stockholders of record on August 19, 2014.
Spok Holdings, Inc. to Report Q2, 2014 Results on Jul 30, 2014
Jul 24 14
Spok Holdings, Inc. announced that they will report Q2, 2014 results at 4:30 PM, US Eastern Standard Time on Jul 30, 2014