LICT Corporation reports on its operations as an integrated provider of broadband and voice services serving rural markets. Recurring company news covers regulated and non-regulated revenue trends, broadband subscriber growth, fiber construction, middle-mile and distribution network investment, and federal or state rural broadband support programs such as the Universal Service Fund, BEAD and ReConnect.
LICT updates also include completed expansion activity such as the Manti Telephone Company acquisition, common-stock repurchase authorizations, shareholder-designated charitable contribution programs, management changes, and periodic operating results tied to broadband deployment and legacy voice-service trends.
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LICT Corporation (OTC Pink: LICT) reported its financial results for 2022, noting a revenue increase to $131.3 million, up from $129.1 million in 2021. EBITDA fell slightly to $57.6 million from $57.8 million, with earnings per share at $1,311, down from $1,368. In Q4 2022, revenues were $33.1 million, a rise from $32.5 million in Q4 2021. Capital expenditures rose significantly, totaling $48.3 million for the year, while shareholder contributions reached $1.1 million in 2022. LICT continues to expand its broadband initiatives, including accepting $62 million in grants for infrastructure improvements.