MACHTEN INC - $MACT STOCK NEWS

CIBL, Inc. announces strong financial results for the quarter and year ending December 31, 2023, with revenue and EBITDA increases. The company repurchased shares and acquired interests in Brick Skirt Holdings, Inc. and MachTen, Inc. CIBL's Board of Directors is evaluating strategic alternatives for shareholder value creation.

CIBL, Inc. reports preliminary unaudited fourth quarter and full year 2023 operating results, showing revenue growth and strategic acquisitions. The company's EBITDA from New Hampshire Operations increased, with liquid investments at $22.7 million. CIBL repurchased shares and acquired a 20% interest in Brick Skirt Holdings, Inc. The Board of Directors is exploring strategic alternatives for shareholder value creation.

LICT Corporation reports unaudited financial results for the fourth quarter and full year of 2023. Total revenues increased slightly in the fourth quarter, driven by non-regulated revenues, while regulated revenues declined. EBITDA decreased due to higher operating expenses and a non-cash goodwill impairment charge. Full-year revenues saw a modest increase, with non-regulated revenues driving the growth. EBITDA declined, impacted by inflationary pressures and increased expenses. Shareholder Charitable Contribution Program continues, and the company is awaiting regulatory approval for an acquisition. LICT has accepted Enhanced ACAM and been awarded grants for capital expenditures. Strategic initiatives include the spin-off of MachTen and the sale of ownership in Brick Skirt Holding Company.

MachTen, Inc. (MACT) has filed Form 15 with the SEC to deregister its common stock, suspending obligations under the Exchange Act. The company anticipates its stock will continue to trade on the OTC Pink Marketplace. The decision was based on the costs of operating as a registered public company outweighing the benefits to shareholders. MachTen expects total revenue for 2023 to be approximately $16.0 million, with non-regulated revenue from broadband internet services increasing to $3.9 million.

LICT Corporation (OTC Pink: LICT) reports unaudited financial results for Q3 2023. Non-regulated revenues increased by 2.1% to $17.5 million, while regulated revenues decreased to $11.3 million. EBITDA was $9.4 million, down from $11.1 million in 2022. Other expenses increased to $0.6 million. LICT elected to participate in the FCC's E-ACAM program through 2038, with expected annual revenues of $37.2 million. The company has been awarded $157.5 million for USDA ReConnect III and IV grants. LICT continues to be an active participant in the FCC's Affordable Connectivity Program. The spin-off of MachTen is complete, with shareholders receiving 150 shares per LICT share. LICT closed on the acquisition of Manti Telephone in Utah and is actively working on expanding broadband facilities. The company is also continuing with the sale of its 20% ownership in Brick Skirt Holdings Company pending regulatory approval. LICT's Board of Directors has approved the continuation of its shareholder charitable contribution program, which was adopted in 2016.

MachTen, Inc. (MACT) Reports Strong 3rd Quarter Earnings and Plans for Future Growth. The press release highlights the company's financial performance, including regulated and non-regulated revenue, operating profit, net income, and expenses. It also discusses the company's spin-off from LICT, its focus on operating efficiencies, and significant opportunities for future growth. MachTen emphasizes its commitment to capital investments and strategic growth markets, including fiber-based broadband services in rural areas.

MachTen, Inc. announces participation in the E-ACAM support program and ReConnect America grants

LICT Corporation reports unaudited financial results for Q2 2023. Non-regulated revenues increased 3.7% to $18.4 million. Regulated revenues decreased to $14.7 million. Total revenues were $33.1 million. EBITDA was $14.0 million. Other income was $500,000. Earnings per share decreased to $294. Michigan spin-off occurred, LICT maintains 19% stake. LICT received $8.0 million in A-CAM revenues. LICT actively participates in the FCC's Affordable Connectivity Program. Capital expenditures were $11.0 million. LICT owns 6,864 miles of fiber optic cable. LICT has been awarded $157.5 million in USDA ReConnect grants. LICT repurchased 176 shares for $3.3 million. Broadband lines grew by 2.9%.

MachTen, Inc. reports Q2 2023 operating results