Spok Holdings, Inc. announced robust first quarter 2025 results, with total revenue increasing by 4.0% year-over-year to $36.294 million. Net income for the quarter saw a significant 22.7% rise to $5.196 million, or $0.25 per diluted share, compared to Q1 2024. Adjusted EBITDA also grew by 8.9% to $8.204 million.
The software segment continued its strong performance, with revenue increasing by 9.2% to $17.820 million. Notably, professional services revenue, particularly managed services, experienced substantial growth of 183.4% to $1.315 million. Software operations bookings for Q1 2025 were $8.337 million, a 5.7% increase from the prior year, contributing to a 15.5% increase in software backlog, which reached $63.152 million.
The company reiterated its full-year 2025 financial guidance, maintaining expectations for total revenue between $134.0 million and $142.0 million and Adjusted EBITDA between $27.5 million and $32.5 million. Spok's Board of Directors also declared a regular quarterly cash dividend of $0.3125 per share, payable on June 24, 2025.
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