$SPOK

USA Mobility, Inc

CIK:0001289945|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Total revenue	$ 35,011	$ 35,686	$ 68,237	$ 71,980
Cost of revenue (exclusive of items shown separately below)	6,836	7,403	14,565	14,687
Research and development	3,280	3,065	6,737	6,159
Technology operations	5,870	6,233	12,032	12,423
Selling and marketing	3,923	4,349	8,411	9,274
General and administrative	7,203	8,370	14,835	16,237
Depreciation and accretion	929	854	1,921	1,713
Severance and restructuring	1,545	20	1,867	77
Total operating expenses	29,586	30,294	60,368	60,570
Operating income	5,425	5,392	7,869	11,410
Interest income	222	256	396	475
Other (expense) income	(11)	734	(6)	756
Income before income taxes	5,636	6,382	8,259	12,641
Provision for income taxes	(1,516)	(1,830)	(2,152)	(2,893)
Net income	$ 4,120	$ 4,552	$ 6,107	$ 9,748
Basic net income per common share (in usd per share)	$ 0.20	$ 0.22	$ 0.29	$ 0.48
Diluted net income per common share (in usd per share)	$ 0.20	$ 0.22	$ 0.29	$ 0.47
Basic weighted average common shares outstanding (in shares)	20,899,901	20,580,044	20,835,558	20,510,561
Diluted weighted average common shares outstanding (in shares)	21,084,776	20,750,971	21,189,123	20,746,786
Cash dividends declared per common share (in usd per share)	$ 0.3125	$ 0.3125	$ 0.6250	$ 0.6250
Wireless revenue
Total revenue	$ 17,213	$ 18,440	$ 34,699	$ 36,914
Software revenue
Total revenue	$ 17,798	$ 17,246	$ 33,538	$ 35,066

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 6,107	$ 9,748
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and accretion	1,921	1,713
Deferred income tax expense	1,573	2,615
Stock-based compensation	2,853	2,493
Gain on sale of domain name	0	(701)
Provisions for credit losses, service credits and other	691	539
Changes in assets and liabilities:
Accounts receivable	(1,357)	(4,415)
Prepaid expenses and other assets	(614)	(18)
Net operating lease liabilities	(43)	(6)
Accounts payable and other liabilities	(1,974)	(3,201)
Deferred revenue	(235)	523
Net cash provided by operating activities	8,922	9,290
Investing activities:
Purchases of property and equipment	(1,212)	(1,791)
Proceeds from sale of domain name	0	701
Net cash used in investing activities	(1,212)	(1,090)
Financing activities:
Cash distributions to stockholders	(14,494)	(14,424)
Proceeds from issuance of common stock under the Employee Stock Purchase Plan	184	142
Purchase of common stock for tax withholding on vested equity awards	(2,070)	(2,843)
Net cash used in financing activities	(16,380)	(17,125)
Effect of exchange rate on cash and cash equivalents	(18)	22
Net decrease in cash and cash equivalents	(8,688)	(8,903)
Cash and cash equivalents, beginning of period	25,280	29,145
Cash and cash equivalents, end of period	16,592	20,242
Supplemental disclosure:
Income taxes paid	$ 309	$ 114

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 16,592	$ 25,280
Accounts receivable, net	23,491	22,644
Prepaid expenses	9,878	8,909
Other current assets	671	1,051
Total current assets	50,632	57,884
Non-current assets:
Property and equipment, net	5,351	5,723
Operating lease right-of-use assets	5,327	6,477
Goodwill	99,175	99,175
Deferred income tax assets, net	34,955	36,530
Other non-current assets	171	322
Total non-current assets	144,979	148,227
Total assets	195,611	206,111
Current liabilities:
Accounts payable	4,460	3,975
Accrued compensation and benefits	5,687	7,361
Deferred revenue	30,294	30,452
Operating lease liabilities	2,360	2,676
Other current liabilities	3,505	4,645
Total current liabilities	46,306	49,109
Non-current liabilities:
Asset retirement obligations	4,955	4,902
Operating lease liabilities	3,386	4,263
Other non-current liabilities	1,097	1,458
Total non-current liabilities	9,438	10,623
Total liabilities	55,744	59,732
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock	0	0
Common stock	2	2
Additional paid-in capital	109,179	108,212
Accumulated other comprehensive loss	(1,774)	(1,756)
Retained earnings	32,460	39,921
Total stockholders’ equity	139,867	146,379
Total liabilities and stockholders' equity	$ 195,611	$ 206,111