Spok Holdings, Inc. (NASDAQ:SPOK) Q4 2022 Results Conference Call February 23, 2023 8:30 AM ET
Company Participants
Al Galgano - IR
Vince Kelly - Chief Executive Officer
Mike Wallace - President and Chief Operating Officer
Calvin Rice - Chief Financial Officer
Conference Call Participants
Eric Martinuzzi - Lake Street Capital Markets
Operator
Greetings, and welcome to the Spok Holdings, Inc. Fourth Quarter 2022 Earnings Results Call [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce you to your host, Al Galgano. Thank you, sir. Please go ahead.
Al Galgano
Hello, everyone, and welcome to Spok Holdings' Fourth Quarter 2022 Earnings Call. I am joined today by Vince Kelly, Chief Executive Officer; Mike Wallace, President of Spok Inc. and Chief Operating Officer; and Calvin Rice, Chief Financial Officer. I want to remind everyone that today's conference call may include forward-looking statements that are subject to risks and uncertainties relating to Spok's future financial and business performance. Such statements may include estimates of revenue, expenses and income as well as other predictive statements or plans, which are dependent upon future events or conditions. These statements represent the company's estimates only on the date of this conference call and are not intended to give any assurance as to actual future results. Spok's actual results could differ materially from those anticipated in these forward-looking statements. Although these statements are based upon assumptions that the company believes to be reasonable, they are subject to risks and uncertainties. Please review the Risk Factors section relating to our operations and the business environment, which are contained in our 2022 Form 10-K and related documents filed with the Securities and Exchange Commission. Please note that Spok assumes no obligation to update any forward-looking statements from past or present filings and conference calls.
With that, I'll turn the call over to Vince.
Vince Kelly
Thank you, and good morning, everyone, and thank you for joining us this morning for our fourth quarter and full year 2022 earnings call. Today, we will share with you an update on how our strategic business plan is progressing as well as our financial results for the quarter. I'll start by reviewing the agenda for today's call. The order will be as follows. We will begin by providing a review of our operational performance for the quarter and full year. I'll then turn the call over to Mike to review our fourth quarter and full year 2022 financial highlights as well as our pro forma results. We will then conclude our prepared remarks with our business outlook and financial guidance for 2023. And finally, we'll wrap up with some Q&A. In general, I want to reiterate how proud I am with what the Spok team has been able to accomplish in 2022 and believe that we have established a solid foundation for the future as we continue to execute. We now have a singular focus of generating cash flow and returning capital to shareholders. We did it last year, and we'll do it again this year. In terms of operating results, over the last year, we made progress in key performance areas, including wireless trends, software bookings and backlog levels as well as expense management as we successfully aligned our cost structure with our updated business plan. Going forward, we believe our extensive experience operating in our established communications solutions will create significant value for stockholders by maximizing revenue, cash flow generation and return of capital.