Lict Stock Price, News & Analysis

LICT Corporation (LICT) is a holding company with subsidiaries in broadband and other telecommunications services. The company is described in its public communications as an integrated provider of broadband and voice services, and its operating businesses participate in both regulated and non-regulated telecommunications activities.

LICT’s common stock is quoted on the OTC Pink market under the symbol LICT. According to its releases, LICT operates through a mix of regulated operations, which generate regulated revenues, and non-regulated operations, which generate non-regulated revenues. These activities include broadband services, high-speed data circuits and voice services delivered through subsidiaries that focus on rural and regional markets in the United States.

Business model and operating structure

Based on the company’s disclosures, LICT’s business model combines:

• Regulated telecommunications operations, which produce regulated revenues and EBITDA and are influenced by federal and state telecommunications regulation and pricing frameworks.
• Non-regulated operations, which produce non-regulated revenues and EBITDA, including broadband services, high-speed data circuits and other telecommunications-related services.
• Holding company activities, where LICT oversees capital allocation, acquisitions and financing for its operating subsidiaries.

The company reports results by distinguishing between regulated and non-regulated revenues and EBITDA, highlighting how regulatory programs, pricing adjustments, and operating costs affect each category.

Rural broadband and network infrastructure

LICT’s public statements emphasize a focus on rural broadband deployment and network expansion. The company notes participation in federal and state programs designed to support broadband in rural areas, including the Enhanced Alternative Connect America Cost Model (E-ACAM) program and United States Department of Agriculture ReConnect grants. These programs are intended to accelerate broadband deployment, improve speeds in rural portions of the United States, and support capital investment in fiber-based and other broadband infrastructure.

LICT reports ownership and operation of network assets such as fiber optic cable, copper cable, coaxial cable, towers and spectrum licenses. The company discloses miles of fiber and copper plant, as well as the number of towers and spectrum licenses it holds, and tracks revenue-generating units such as broadband lines, voice lines and video subscribers across its footprint.

Subsidiaries and geographic focus

According to company news, LICT’s subsidiaries operate in multiple U.S. states. Its wholly owned subsidiary CentraCom, headquartered in Fairview, Utah, provides broadband data, video and voice communications to numerous cities in rural Utah. LICT also reports operations and network expansion activity in states including Kansas, California, New Mexico and Iowa, particularly in connection with broadband projects and grant-funded initiatives.

The company has also highlighted Sound Broadband LLC as its wireless subsidiary. Sound Broadband is described as expanding fixed wireless deployments and 5G-based services across existing and new markets, including regions in New Mexico, California, Kansas and Utah. These efforts are presented as part of LICT’s approach to using both fiber and fixed wireless technologies to extend connectivity.

Growth, acquisitions and capital programs

LICT’s communications describe a strategy that includes both organic network construction and acquisitions. The company states that it actively seeks acquisitions, principally in its existing business areas. Examples disclosed in recent releases include:

• The acquisition of Manti Telephone Company (MTC), a regulated business segment that contributes regulated revenues and expands LICT’s presence in rural markets.
• An agreement by CentraCom to acquire Gunnison Telephone Company in Utah, which serves multiple communities and offers telephone, broadband and fixed wireless services. The transaction is described as adjacent to CentraCom’s existing operations and intended to extend its fiber and broadband footprint.

LICT also reports large-scale capital expenditure programs tied to federal and state funding. It has disclosed participation in the E-ACAM program, which provides annual support in exchange for meeting specified broadband build-out requirements by certain dates. Additionally, LICT has been awarded multiple USDA ReConnect III and ReConnect IV grants in Kansas, California and New Mexico, with projects focused on Fiber-to-the-Home broadband capable of gigabit speeds. The company has also referenced state-level broadband projects, such as an Iowa broadband infrastructure expansion funded in part by state grants.

Financial reporting and performance metrics

In its quarterly results announcements, LICT reports total revenues, segmented into regulated and non-regulated revenues, as well as EBITDA from operations. The company provides reconciliations from operating profit to EBITDA, noting that EBITDA is a widely recognized measure of operating performance and liquidity in the telecommunications industry. LICT states that it monitors EBITDA trends as an indicator of its ability to generate operating cash flow to support working capital, service debt and fund capital expenditures.

The company also discusses net income and earnings per share, cost of revenue, general and administrative costs, corporate expenses, and depreciation and amortization. It highlights how factors such as expanded staffing, professional services, maintenance activity, regulatory pricing adjustments, and infrastructure investments influence these metrics.

Government programs and regulatory environment

LICT’s disclosures place significant emphasis on the role of government programs and regulatory decisions in its business. The company cites:

• Participation in the Enhanced Alternative Connect America Cost Model (E-ACAM) program, which provides annual support through a specified period, subject to build-out and performance obligations.
• USDA ReConnect III and ReConnect IV grants, which fund broadband projects in several states with requirements for high-speed fiber broadband.
• Engagement with the Universal Service Fund (USF) framework and related legal and regulatory developments, including a U.S. Supreme Court decision affirming the constitutionality of the USF.
• Involvement in industry organizations such as USTelecom and WTA – Advocates for Rural Broadband, through which the company supports efforts to modernize USF contributions and funding mechanisms.

These programs and regulatory outcomes are described by LICT as important to its long-term capital plans and its ability to expand broadband in unserved and underserved areas.

Capital structure and liquidity

LICT provides information about its capital structure, including revolving credit facilities and other debt arrangements. The company has disclosed a revolving credit facility with a financial institution that increases available liquidity and supports its broadband projects and acquisitions. It also reports net debt balances and leverage ratios, calculated as net debt divided by trailing 12-month EBITDA after corporate expenses, and notes that grants receivable can affect leverage calculations.

The company’s releases describe how capital expenditures are directed toward broadband infrastructure, including E-ACAM build-outs and ReConnect projects, and how federal tax law changes related to bonus depreciation may influence cash tax obligations and after-tax returns on capital spending.

Shareholder-focused programs and capital allocation

LICT’s Board of Directors has authorized a Shareholder Designated Charitable Contribution Program. Under this program, registered shareholders may designate qualified 501(c)(3) charities to receive contributions funded by the company on a per-share basis. LICT reports that, since the program’s inception, it has made more than $10 million in contributions to shareholder-designated charities. The company describes this program as reflecting its view that charitable giving is an important obligation for those with the means to contribute.

In addition, LICT has disclosed share repurchase authorizations and repurchase activity. The company notes that its Board has authorized the repurchase of a specified number of shares and that repurchases may be made in the open market, through privately negotiated transactions, or other means, subject to market conditions and applicable laws. These actions are presented as part of the company’s approach to capital allocation.

Management and governance developments

LICT has announced changes and additions to its leadership team in support of its operational and acquisition-focused objectives. The company appointed a Chief Operating Officer with extensive telecommunications industry experience and has brought on a mergers and acquisitions advisor with a background in finance, accounting and transaction due diligence. LICT indicates that these appointments are intended to strengthen its ability to execute network expansion, evaluate strategic opportunities and manage capital deployment.

Company status and trading

Based on the available news releases, LICT continues to report quarterly financial results, announce acquisitions and participate in investor conferences. The company’s shares are identified as trading on the OTC Pink market under the symbol LICT. There is no information in the provided materials indicating that LICT has been delisted, deregistered, or ceased operations.

FAQs about LICT Corporation

The following questions and answers summarize key points drawn from LICT’s public disclosures.