LICT Corp - LICT STOCK NEWS

LICT Corporation reports unaudited financial results for the fourth quarter and full year of 2023. Total revenues increased slightly in the fourth quarter, driven by non-regulated revenues, while regulated revenues declined. EBITDA decreased due to higher operating expenses and a non-cash goodwill impairment charge. Full-year revenues saw a modest increase, with non-regulated revenues driving the growth. EBITDA declined, impacted by inflationary pressures and increased expenses. Shareholder Charitable Contribution Program continues, and the company is awaiting regulatory approval for an acquisition. LICT has accepted Enhanced ACAM and been awarded grants for capital expenditures. Strategic initiatives include the spin-off of MachTen and the sale of ownership in Brick Skirt Holding Company.

LICT Corporation (OTC Pink: LICT) announces the continuation of its Shareholder Charitable Contribution program, allowing registered shareholders to designate a charity to receive a $100 per share donation. The company has made over $8.4 million in charitable contributions since 2016. Shareholders with shares held in street name must register them in their own name by February 15, 2024, to participate. The charitable contribution form must be returned to LICT by March 11, 2024. Only recognized 501(c)(3) organizations are eligible to receive the donation, and the total contribution could be approximately $1.7 million if all shares outstanding are registered in shareholders' names at the record date.

LICT Corporation (OTC Pink: LICT) reports unaudited financial results for Q3 2023. Non-regulated revenues increased by 2.1% to $17.5 million, while regulated revenues decreased to $11.3 million. EBITDA was $9.4 million, down from $11.1 million in 2022. Other expenses increased to $0.6 million. LICT elected to participate in the FCC's E-ACAM program through 2038, with expected annual revenues of $37.2 million. The company has been awarded $157.5 million for USDA ReConnect III and IV grants. LICT continues to be an active participant in the FCC's Affordable Connectivity Program. The spin-off of MachTen is complete, with shareholders receiving 150 shares per LICT share. LICT closed on the acquisition of Manti Telephone in Utah and is actively working on expanding broadband facilities. The company is also continuing with the sale of its 20% ownership in Brick Skirt Holdings Company pending regulatory approval. LICT's Board of Directors has approved the continuation of its shareholder charitable contribution program, which was adopted in 2016.

LICT Corporation's subsidiary CentraCom to acquire Manti Telephone Company and sister companies

LICT Corporation announces participation in FCC Enhanced A-CAM program, receiving fixed annual funding from 2024 to 2038 in exchange for broadband expansion.

LICT Corporation to sell its 20% share in Brick Skirt Holding Company, LLC to CIBL Inc pending regulatory approval.

LICT Corporation reports unaudited financial results for Q2 2023. Non-regulated revenues increased 3.7% to $18.4 million. Regulated revenues decreased to $14.7 million. Total revenues were $33.1 million. EBITDA was $14.0 million. Other income was $500,000. Earnings per share decreased to $294. Michigan spin-off occurred, LICT maintains 19% stake. LICT received $8.0 million in A-CAM revenues. LICT actively participates in the FCC's Affordable Connectivity Program. Capital expenditures were $11.0 million. LICT owns 6,864 miles of fiber optic cable. LICT has been awarded $157.5 million in USDA ReConnect grants. LICT repurchased 176 shares for $3.3 million. Broadband lines grew by 2.9%.