Lict Corp Stock Price, News & Analysis

LICT (OTC Pink: LICT) announced continuation of its Shareholder Designated Charitable Contribution Program for registered shareholders.

The company will donate $100 per registered share to a 501(c)(3) charity designated by the shareholder; if all shares are registered the contribution would be about $1.6 million. Since 2016 LICT says it has contributed more than $10 million via the program.

Shareholders must register shares by December 15, 2025 and return completed forms by January 12, 2026. Eligible charities must be listed on Guidestar.org.

LICT Corporation (OTC Pink: LICT) has announced the continuation of its Shareholder Designated Charitable Contribution Program, allowing registered shareholders to direct charitable donations of $100 per share on their behalf. The program, inspired by Warren Buffett's similar initiative at Berkshire Hathaway, is expected to run between mid-November 2025 and January 2026.

If all shares participate, the total contribution would amount to approximately $1.7 million. Since the program's inception in 2016, LICT has contributed over $10 million to shareholder-designated charities. Only registered shareholders will be eligible to participate, following a model similar to programs previously implemented by GAMCO Investors and Associated Capital Group.

LICT Corporation (OTC Pink: LICT) announced its participation in the upcoming Sidoti Virtual Small Cap Investor Conference. The company's presentation is scheduled for September 17, 2025, at 1:00 PM EDT. Investors and interested parties can access the presentation through the company's website at www.lictcorp.com.

LICT Corporation (LICT) has announced an expansion of its stock repurchase program, with the Board of Directors authorizing the repurchase of an additional 500 shares of common stock. Combined with the 121 shares remaining from the previous authorization, the company now has approval to repurchase a total of 621 shares.

The company maintains flexibility in executing the buyback through various means, including open market purchases and private transactions, subject to market conditions and securities laws. LICT emphasizes that the program doesn't commit them to repurchase any specific number of shares and can be modified or terminated at any time.

LICT Corporation (OTC Pink: LICT) has announced that its subsidiary CentraCom will acquire Gunnison Telephone Company in Utah. The acquisition, expected to close in December 2025, will expand CentraCom's service area to include Gunnison and surrounding communities, serving approximately 6,700 residents in 1,576 households.

Gunnison Telephone provides telephone, broadband, and fixed wireless services through fiber-to-the-premises, copper, and fixed wireless facilities. The acquisition aligns with LICT's strategic initiative to strengthen its rural broadband market position and will leverage CentraCom's existing regional presence to accelerate high-speed connectivity deployment.

LICT Corporation (OTC Pink: LICT) reported Q2 2025 financial results and strategic developments. Revenue increased 2% to $34.4 million, with non-regulated revenue comprising 56% of total revenue at $19.2 million. The company appointed Joe Cecin as COO and strengthened its leadership team with Christopher Nossokoff joining to support non-organic growth.

Key developments include a favorable Supreme Court ruling on the Universal Service Fund, beneficial tax reform implementation, and progress in government-supported broadband expansion programs. LICT secured $157.5 million in USDA ReConnect grants and will receive $37.2 million annually through 2038 under the E-ACAM program. However, EBITDA decreased 4.9% to $13.5 million, and net income declined 34.7% to $3.2 million ($198 per share) due to higher operating expenses.

[ "Revenue growth of 2% to $34.4 million in Q2 2025", "Secured $157.5 million in USDA ReConnect grants for broadband expansion", "Will receive $37.2 million annually through 2038 under E-ACAM program", "New tax bill provides enhanced cash flow through 100% bonus depreciation", "Strategic acquisition of Manti Telephone Company expanding market presence", "Strengthened leadership team with new COO and strategic growth support" ]

LICT Corporation (OTC Pink: LICT) has appointed Joe Cecin as its new Chief Operating Officer, effective immediately. The appointment was announced by Mario Gabelli, Interim Chief Executive Officer of LICT.

Cecin brings over 30 years of telecommunications industry experience to LICT. His previous roles include serving as CEO of Ontivity, CEO of The Hylan Group, EVP of Operations at UniTek Global Services, and COO of RCN Corporation. He holds a BS in Electrical Engineering from West Point and an MBA from Stanford University. Cecin also served as an officer in the U.S. Army's 25th Infantry Division.

LICT Corporation (OTC Pink: LICT) has announced the appointment of Christopher Nossokoff as Merger and Acquisitions Advisor. Nossokoff brings significant expertise as the current Vice President-Finance of LGL Group and former Manager of Financial Due Diligence at PricewaterhouseCoopers. His credentials include CPA and CFA certifications, along with degrees from Clemson University and Indiana University. LICT Corporation operates as a holding company focused on broadband and telecommunications services, actively pursuing acquisitions in these sectors. The appointment aligns with the company's strategic focus on expansion through acquisitions in its existing business areas.

LICT Corporation reported its Q1 2025 results with total revenues increasing by 3.3% to $34.6 million from $33.5 million in Q1 2024. Non-regulated revenues grew 4.9% to $19.4 million, while regulated revenues increased 1.3% to $15.2 million. However, EBITDA decreased 6.1% to $13.8 million. The company completed several strategic initiatives: acquired Manti Telephone Company for $8.3 million, finished a $15M Iowa broadband project receiving $7.2M in state grants, and began construction on a $25M ReConnect III project in New Mexico. LICT repurchased 166 shares for $2.6 million at an average price of $14,391 per share. The company maintains strong liquidity with a $100M credit facility, though net debt increased 16.1% to $55.0 million. LICT continues to expand its rural broadband infrastructure with significant government program participation, including E-ACAM support of $37.2M annually through 2038.