Lict Corp Stock Price, News & Analysis

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.

LICT Corporation (OTC Pink: LICT) has announced the appointment of Matt Goldfarb as Special Advisor to the Chairman. Goldfarb brings extensive experience in investment and operational sectors, having previously worked with Alvarez & Marsal and led restructuring efforts at various firms. Chairman Mario J. Gabelli expressed enthusiasm about Goldfarb's expertise, which is expected to bolster the company's strategic initiatives. LICT focuses on telecommunications services and actively seeks acquisitions within its business areas.

LICT Corporation (OTC Pink: LICT) continues its Shareholder Charitable Contribution program, allowing registered shareholders to designate a charity for a $100 donation per share. Over the past five years, the company has contributed over $6.0 million to various charities. Shareholders must register their shares in their own name by December 17, 2021, to participate, with completed forms due by January 14, 2022. If all shares are registered, the total contribution could reach $2 million. Only 501(c)(3) charities are eligible for donations.

LICT Corporation (OTC Pink: LICT) reports record unaudited financial results for Q3 2021, highlighting a 9% increase in non-regulated revenues to $17.1 million, driven by broadband services. Regulated revenues fell to $15.2 million from $16.5 million due to DSL detariffing. Overall revenues were $32.3 million, slightly up from $32.2 million last year. Earnings per share declined to $342 from $371. LICT's capital expenditures rose to $8.1 million, with an increased guidance for total capex to $31-33 million. Broadband penetration improved to 93.3%, and the company continues its participation in the Emergency Broadband Benefit Program.

LICT Corporation (OTC Pink: LICT) is set to continue its Shareholder Charitable Contribution program, allowing registered shareholders to designate charities for the company to donate $100 per share. More details regarding the timing and mechanics are expected by year-end. LICT has contributed over $6 million in charitable donations over the past five years. The company emphasizes the importance of charitable giving and has pledged to support 501(c)3 charities selected by both shareholders and employees. Forward-looking statements regarding financial outcomes are included in the release.

LICT Corporation (OTC Pink: LICT) has received an offer to purchase all outstanding shares of its stock. The proposed price exceeds the current market value, but the Board believes it falls short of the company's intrinsic value. The company is continuing its financial engineering initiatives. Shareholders are advised that no further updates on the offer will be provided until the conclusion of Auction 110. The announcement also includes a caution regarding forward-looking statements and the uncertainties that may affect potential transactions.

LICT Corporation (OTC Pink: LICT) announces the immediate resignation of Gary L. Sugarman from its Board of Directors, effective immediately. This decision was prompted by the FCC's Rule Section 20.22(b)(4)i, which limits the spectrum options for companies where board members have attributable interests. Mr. Sugarman has had a significant impact on LICT since rejoining in 2019, previously serving as an advisor and director. His departure raises potential concerns for LICT's strategic direction regarding spectrum auctions. The company will address the vacancy appropriately.

LICT Corporation reported unaudited financial results for Q2 2021, showing revenues of $32.3 million, an increase from $30.5 million in Q2 2020. EBITDA rose to $14.8 million from $13.8 million. Non-regulated revenues, driven by broadband sales, increased by 12% to $16.8 million. Regulated revenues remained flat at $15.5 million. The company acquired NeboNet, enhancing its broadband network in Utah. Earnings per share rose to $346 from $307. The 2021 revenue guidance remains $127-$131 million.