Welcome to our dedicated page for Lict news (Ticker: LICT), a resource for investors and traders seeking the latest updates and insights on Lict stock.
Lict Corp (LICT) is a leading telecommunications provider specializing in advanced network infrastructure and connectivity solutions. This page serves as the definitive source for all official company announcements and news coverage, providing stakeholders with timely updates on strategic developments.
Investors and industry professionals will find curated access to press releases, financial reports, and operational updates. Our repository ensures you stay informed about LICT initiatives without searching multiple sources.
Key content includes quarterly earnings announcements, technology partnerships, infrastructure expansions, and regulatory filings. Each update is verified for accuracy and presented in clear, accessible language suitable for both casual observers and professional analysts.
Bookmark this page for direct access to Lict Corp's latest communications. For comprehensive monitoring of the company's market position in telecommunications, check back regularly for new developments and official statements.
LICT reported a robust Q1 2024 with a 15.5% rise in revenue, hitting $33.5 million. EBITDA increased 30% to $14.7 million, compared to $11.5 million in Q1 2023. Earnings per share rose to $295 from $228. Capex surged to $16.4 million, driven by the E-ACAM program and grants. The E-ACAM program adds $14 million annually through 2038, totaling $37.2 million per year. The company was awarded $157.5 million in USDA ReConnect III and IV grants. LICT continues to expand its broadband services and 5G wireless installations. However, higher operating expenses and a $0.8 million decrease in other income due to interest expenses and unrealized losses on MachTen were noted.
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