Spok Holdings, Inc. (NASDAQ:SPOK) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET

Company Participants

Vince Kelly - Chief Executive Officer

Mike Wallace - President and Chief Operating Officer

Calvin Rice - Chief Financial Officer.

Conference Call Participants

Kyle Bauser - Lake Street Capital Markets

David Wright - Henry Investment Trust

Operator

Unidentified Company Representative

Hello, everyone, and welcome to Spok Holdings' third quarter 2022 earnings call. I am joined 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 on 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 third quarter 2022 Form 10-Q and related documents 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 for our third quarter 2022 earnings call. Today, we'll 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 corporate and strategic overview of Spok, including an update on our strategic business plan. Then we'll cover our third quarter and year-to-date 2022 as well as year-to-date pro forma results. Next, we'll cover our updated guidance for 2022, as well as review one-time restructuring costs related to our strategic pivot. And finally, we'll wrap up and take your questions.

To begin, I want to provide an updated corporate and strategic overview of Spok. Smarter, faster clinical communication is more important today than ever before. Today, I will share with you how Spok, with our combination of software and wireless products, delivers smarter, faster clinical communications across our customer base, and especially in the hospital setting where time and delivery consistency is critical to patient outcomes.