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 Corporation (OTC Pink: LICT) is a holding company with subsidiaries in broadband and other telecommunications services, and its news flow provides insight into how it manages regulated and non-regulated operations, rural broadband expansion and capital allocation. The company describes itself as an integrated provider of broadband and voice services, and its announcements frequently detail quarterly financial results, network projects and strategic initiatives.
News updates for LICT often include revenue and EBITDA trends, with separate discussion of regulated and non-regulated performance, as well as commentary on operating costs, infrastructure investments and changes in revenue mix. Releases also cover developments in government-supported broadband programs, such as participation in the Enhanced Alternative Connect America Cost Model (E-ACAM) program and USDA ReConnect grants, along with state-level broadband projects in markets like Iowa, Kansas, California and New Mexico.
Investors following LICT’s news can track acquisitions and agreements by its subsidiaries, including transactions involving regional telephone and broadband providers that expand LICT’s rural footprint. The company also issues news about leadership appointments, participation in investor conferences, share repurchase authorizations and its Shareholder Designated Charitable Contribution Program, which allows registered shareholders to direct charitable donations funded by the company.
This news page aggregates these types of updates so readers can review LICT’s operating results, network expansion progress, regulatory and funding developments, and corporate actions in one place. For those analyzing LICT stock or monitoring rural broadband providers, the news feed offers a consolidated view of the company’s disclosed activities and strategic direction.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.
LICT Corporation (OTC Pink: LICT) continues its Shareholder Charitable Contribution program, donating
LICT Corporation (OTC Pink: LICT) has initiated a search for a new Chief Executive Officer with a focus on broadband experience to enhance its high-speed broadband deployment plans across six states. Current CEO Mario J. Gabelli will transition to Executive Chairman. The company emphasizes its commitment to growth in telecommunications and broadband services while cautioning that forward-looking statements regarding financial results and business conditions are subject to risks and uncertainties. For more details, visit www.lictcorp.com.
LICT Corporation (OTC Pink: LICT) reported its Q1 2022 financial results, showing a 6.7% increase in non-regulated revenues to $17.5 million. Total revenues rose to $32.5 million, while EBITDA decreased to $14.0 million from $14.4 million in 2021. Regulated revenues fell to $15.0 million and regulated EBITDA to $6.9 million. The company remains committed to expanding broadband access, participating in FCC programs, and expects 2022 revenue around $131 million with full-year earnings per share projected at $1,350.
LICT Corporation reported a 4% increase in full-year revenues, reaching a record $129.1 million for 2021, with EBITDA from operations at $58 million. Fourth-quarter revenues rose 3.5% year-over-year to $32.5 million. Broadband revenues hit $17.3 million, up 6.8%. However, fourth-quarter EBITDA decreased to $14.2 million from $14.5 million in 2020. The company plans to increase capital expenditures significantly in 2022, and estimates revenues of $131 million and EBITDA of $58 million for the year ahead.