Lict Corp Stock Price, News & Analysis

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.

LICT (OTC Pink: LICT) has announced that presentation slides from its March 20, 2025 Sidoti Conference, containing estimates for 2024, are now available on the company's website. The company notes that its audit is currently in progress, and the preliminary financial figures presented are subject to potential changes pending audit completion.

LICT operates as a holding company with subsidiaries focused on broadband and telecommunications services. The company actively pursues acquisitions within its existing business sectors.

LICT reported strong financial results for Q4 and full-year 2024. Fourth-quarter revenues increased 12.8% to $33.4 million, while full-year revenues rose 15.2% to $134.2 million. EBITDA grew 11.2% to $12.9 million in Q4 and 21.5% to $55.4 million for the full year.

Q4 earnings per share from continuing operations, excluding one-time items, were $193, up 14.2% YoY. Full-year 2024 earnings reached $1,007 per share, a 25.6% increase. The company's Enhanced ACAM program participation boosted annual federal USF revenue by $14 million to $37.2 million through 2038.

During Q4 2024, LICT repurchased 367 shares for $5.1 million at an average price of $14,011 per share. For the full year, 798 shares were repurchased for $11.7 million. The company secured a new $100 million revolving credit facility and completed strategic acquisitions including Manti Telephone Communications.

LICT (OTC Pink: LICT) has announced an extension of its version of the Affordable Connectivity Program (ACP) discount through June 2025. This extension comes after the government terminated the original ACP in May 2024. The company had previously committed to extending the defunded ACP credit through January 2025, but has now further extended the support to aid communities in securing their broadband needs. This initiative demonstrates LICT's commitment to maintaining broadband accessibility for customers who relied on the original government program.