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Spok Holdings, Inc (SPOK) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Spok Holdings, Inc

CIK: 1289945 Ticker: SPOK
 
 
Exhibit 99.1
NEWS RELEASE
 
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CONTACT:
Al Galgano            
952-567-0295            
Al.Galgano@spok.com    

Spok Reports 2018 Third Quarter Operating Results;
Software Revenue and Bookings Up on Both a Year-Over-Year and Sequential Basis

Board Declares Regular Quarterly Dividend

SPRINGFIELD, Va. (October 24, 2018)
- Spok Holdings, Inc. (NASDAQ: SPOK), the global leader in healthcare communications, today announced operating results for the third quarter and year-to-date period ended September 30, 2018. In addition, the Company’s Board of Directors declared a regular quarterly dividend of $0.125 per share, payable on December 10, 2018 to stockholders of record on November 16, 2018.

2018 Third-Quarter Results:
Consolidated revenue for the third quarter of 2018 under Generally Accepted Accounting Principles (“GAAP”) was $42.5 million compared to $43.6 million in the third quarter of 2017. On January 1, 2018, Spok adopted Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Unless otherwise stated, results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts have not been adjusted, and continue to be reported in accordance with the Company’s historic accounting under ASC 605. As such, adjusted to exclude the adoption of ASC 606, consolidated revenue for the third quarter of 2018 was $41.0 million compared to the $43.6 million in the third quarter of 2017.

Spok.com
 
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1


The following information was filed by Spok Holdings, Inc (SPOK) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Spok Holdings, Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Statement Of Cash Flows
Condensed Consolidated Statement Of Comprehensive Income
Condensed Consolidated Statement Of Operations
Asset Retirement Obligations
Asset Retirement Obligations (Tables)
Asset Retirement Obligations - Additional Information (Detail)
Asset Retirement Obligations - Changes In Asset Retirement Obligation Liabilities (Detail)
Commitments And Contingencies
Consolidated Financial Statement Components
Consolidated Financial Statement Components - Depreciation, Amortization And Accretion (Detail)
Consolidated Financial Statement Components - Other Current Liabilities (Detail)
Consolidated Financial Statement Components - Other Non-Current Liabilities (Detail)
Consolidated Financial Statement Components - Property And Equipment, Net (Detail)
Consolidated Financial Statement Components (Tables)
Consolidated Financial Statement Components - Accounts Receivable, Net (Details)
Income Taxes
Income Taxes - Additional Information (Detail)
Intangible Assets, Net
Intangible Assets, Net (Tables)
Intangible Assets, Net - Additional Information (Detail)
Intangible Assets, Net - Estimated Amortization Of Intangible Assets (Detail)
Intangible Assets, Net - Net Consolidated Balance Of Amortizable Intangible Assets (Detail)
Organization And Significant Accounting Policies
Organization And Significant Accounting Policies (Detail)
Organization And Significant Accounting Policies (Policies)
Recent And Pending Accounting Standards
Recent And Pending Accounting Standards (Details)
Related Parties
Related Parties - Additional Information (Detail)
Revenue, Deferred Revenue And Deferred Commissions
Revenue, Deferred Revenue And Deferred Commissions (Details)
Revenue, Deferred Revenue And Deferred Commissions (Tables)
Revenue, Deferred Revenue And Deferred Commissions - Deferred Commissions (Details)
Revenue, Deferred Revenue And Deferred Commissions - Deferred Revenues (Details)
Risks And Other Important Factors
Significant Accounting Policies Update
Significant Accounting Policies Update (Details)
Significant Accounting Policies Update (Tables)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Activities Under Equity Plan (Detail)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Antidilutive Securities Excluded From Computation Of Net Income Per Share (Details)
Stockholders' Equity - Basic And Diluted Net Income Per Common Shares (Detail)
Stockholders' Equity - Cash Dividends Declared To Stockholders (Detail)
Stockholders' Equity - Changes In Stockholders' Equity (Detail)
Stockholders' Equity - Stock-Based Compensation Expense (Details)
Stockholders' Equity - Summary Of Outstanding Rsus (Detail)
Stockholders' Equity - Treasury Stock (Detail)
Ticker: SPOK
CIK: 1289945
Form Type: 10-Q Quarterly Report
Accession Number: 0001289945-18-000038
Submitted to the SEC: Thu Oct 25 2018 12:18:50 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Radiotelephone Communications

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