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.
LICT Corporation (OTC Pink: LICT) has initiated a strategic review aimed at enhancing shareholder value. The Board of Directors is exploring various measures, including the creation of a Special Purpose Acquisition Corporation (SPAC), potential spin-offs of subsidiaries, and strategic acquisitions. Historical spin-offs from LICT have previously resulted in substantial share value increases for shareholders. The Corporation is committed to analyzing its portfolio for opportunities to expand and accelerate growth.
LICT Corporation (OTC Pink: LICT) announces that 8,700 shares are now eligible for its Shareholder Charitable Contribution program. Each registered shareholder can designate a charity to receive a $100 donation per share. Forms have been mailed to eligible shareholders and must be returned by March 8, 2021. The Board of Directors plans to repeat the program this year. Over the past four years, LICT has donated more than $5.5 million to charities. Only recognized 501(c)(3) charities are eligible to receive donations. Further details can be found at Guidestar.org.
LICT Corporation (OTC Pink: LICT) released its unaudited financial results for 2020, reporting revenues of $124.1 million and EBITDA of $57.6 million, reflecting year-on-year increases. Q4 revenues rose to $31.3 million, driven by a 14% increase in non-regulated revenues to $16.2 million. However, regulated revenues decreased to $15.1 million. The company improved its cash position to $24.1 million as of year-end. For 2021, LICT projects revenues between $127 million and $131 million. Its broadband deployment expanded significantly, with broadband lines growing by 12.5%.
LICT Corporation (OTC Pink: LICT) is extending its Shareholder Charitable Contribution program, allowing registered shareholders to designate a charity for a $100 per share donation. Over the last four years, the company has contributed more than $5.5 million to various charities. Shareholders must register their shares by February 12, 2021, to participate. If all shares are registered, the total contribution could reach approximately $2.2 million. Donations will only be made to IRS-recognized 501(c)(3) organizations, with a list of eligible charities available on Guidestar.org.