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CIBL Inc (CIBY) is a specialized holding company focused on strategic investments in niche markets. This page serves as a central hub for all official announcements, financial updates, and corporate developments. Access timely updates on earnings reports, acquisitions, leadership changes, and operational milestones that impact shareholder value.
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CIBL Inc (OTC Pink: CIBY) has reported its unaudited Q4 2024 results for its New Hampshire Operations. Q4 revenues increased 7.5% to $517,000 (vs $481,000 in Q4 2023), while EBITDA before corporate expenses grew 7.9% to $149,000 (vs $138,000).
For full-year 2024, revenues rose 3.5% to $1,975,000 (vs $1,909,000 in 2023), with EBITDA before corporate expenses up 16.6% to $590,000 (vs $506,000).
Notable developments include the completion of a 20% acquisition of Brick Skirt Holdings through issuance of 750 common shares, and the company's continued share repurchase program, acquiring 852 shares at an average price of $1,788 per share in 2024. Post year-end, CIBL repurchased an additional 496 shares for $845,000 at an average of $1,703 per share.
CIBL reports strong Q3 2024 performance with its New Hampshire Operations showing significant growth. Revenues increased 10.3% to $524,000 from $475,000 in Q3 2023, while EBITDA before corporate expenses rose 37.6% to $150,000 from $109,000. The company maintains a strong liquid position with $21,986,000 in total cash and liquid investments. CIBL acquired a 20% stake in Brick Skirt Holdings through the issuance of 750 common shares. Capital expenditures increased to $247,000 in Q3 2024 compared to $5,000 in Q3 2023.
CIBL, Inc. (OTC Pink: CIBY) has announced the closing of its acquisition of a 20% interest in Brick Skirt Holdings, Inc. from LICT The transaction was completed through the issuance of 750 CIBL common shares. Brick Skirt, through its subsidiaries, provides broadband and communication services to areas in western New York state.
This strategic move aligns with CIBL's ongoing efforts to explore various options for creating shareholder value. The company's Board of Directors continues to evaluate a broad range of strategic alternatives to enhance the company's position in the market and potentially increase returns for its investors.
CIBL, Inc. (OTC Pink: CIBY) has reported unaudited results for Q2 2024. The company's New Hampshire operations, consisting of Bretton Woods Telephone Company and World Surfer, Inc., saw revenues increase to $508,000, up $24,000 from Q2 2023. EBITDA from these operations rose to $150,000, compared to $123,000 in the previous year. CIBL repurchased 269 shares at an average price of $1,816 per share, reducing outstanding shares to 12,399. The company renewed its contract with Omni Mount Washington Resort for another five years. CIBL is also in the process of acquiring a 20% interest in Brick Skirt Holdings, Inc. from LICT for $1,500,000, with 40% already acquired and the remaining 60% expected to be completed in H2 2024.
CIBL, operating Bretton Woods Telephone Company and World Surfer in Northern New Hampshire, reported unaudited first-quarter results ending March 31, 2024. The operations generated revenues of $468,000, consistent with the prior year. EBITDA before corporate expenses was $142,000 compared to $135,000 in 2023. In 2024, CIBL acquired 21 shares at an average price of $1,857 per share, with 12,647 shares outstanding. Since its 2007 spin-off from LICT, CIBL repurchased 13,769 shares for $19.1 million, averaging $1,387 per share. The company announced plans to acquire a 20% interest in Brick Skirt Holdings from LICT for $1.5 million, partially completed in Q3 2023 by issuing 300 CIBL shares, with the remainder expected in 2024. Brick Skirt provides broadband services in western New York. CIBL's Board continues to evaluate strategic alternatives to enhance shareholder value.
