Critical-comms firm Spok Holdings (SPOK +6.4%) reported Q3 results where revenues, profits and EBITDA declined across the board Y/Y.
Overall, revenue fell 7.2% to $46.2M. Software revenues fell slightly to $16.8M from $16.9M, and wireless revenue dipped to $29.4M from a year-ago $32.9M.
EBITDA was $10.1M, compared to a year-ago $12.3M.
The company declared a special dividend of $0.125/share on top of its regular quarterly dividend of the same amount. It also extended its stock buyback plan to Dec. 31, 2016 with a re-set amount of $10M to begin on Jan. 4 or as soon as the existing plan is exhausted.
Critical-comms firm Spok Holdings (NASDAQ:SPOK) posted EPS that dipped more than 15% Y/Y and revenue that fell slightly, though mitigated by strong software revenue growth.
Overall revenue of $48M compared with a year-ago $49.1M, though software revenue was up 13.9% to $17.7M. Wireless revenue fell to $30.2M from a year-ago $33.5M.
EBITDA was $9.1M, down from a year-ago $11.7M. Software bookings were $21M (up 10.9%), including $10.5M of operations bookings and $10.5M of maintenance renewals (renewal rate of 99.8%). Software backlog rose to $43.5M.
The company reiterated guidance for full-year revenues of $183M-$201M, operating expenses of $145M-$154M, and capex of $5.5M-$7.5M.
Conference call to come Thursday, July 30, at 10 a.m. ET. Shares were flat in after-hours action.