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LICT CORP - LICT STOCK NEWS

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 (symbol: LICT) is a prominent telecommunications company headquartered at 401 Theodore Fremd Ave, Rye, New York, United States. LICT stands for Local Internet and Communications Technologies, and the company specializes in providing high-quality broadband and voice services. They are committed to enhancing connectivity and communication in rural and suburban areas.

Core Business: LICT Corporation focuses on delivering reliable and efficient telecommunications services. Their offerings include high-speed internet, voice, and data services which are crucial for residential, business, and governmental customers in less densely populated regions.

Recent Achievements: LICT has recently expanded its broadband services, enhancing internet speeds and reliability for thousands of customers. This expansion is part of their ongoing project to bridge the digital divide in underserved communities. The company has also invested in the latest fiber-optic technology to ensure faster and more reliable connections.

Current Projects: At present, LICT is working on several infrastructure projects aimed at expanding its fiber-optic network. These projects are designed to bring state-of-the-art telecommunications services to more rural areas. Additionally, they are exploring partnerships with local governments to support community development through better connectivity.

Financial Condition: LICT Corporation has demonstrated a stable financial performance, showing consistent revenue growth over recent quarters. This financial stability allows them to invest in cutting-edge technologies and expand their service footprint.

Partnerships and Products: LICT collaborates with various technology partners to offer cutting-edge products and services. Their portfolio includes broadband internet, dedicated voice lines, managed IT services, and more. These partnerships ensure that LICT can provide comprehensive communication solutions tailored to the needs of their diverse customer base.

In summary, LICT Corporation is a key player in the telecommunications sector, with a strong focus on improving connectivity in rural and suburban areas. Their continuous investments in technology and infrastructure underscore their commitment to delivering superior communication services.

Rhea-AI Summary
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.
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LICT Corporation's subsidiary CentraCom to acquire Manti Telephone Company and sister companies
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LICT Corporation announces participation in FCC Enhanced A-CAM program, receiving fixed annual funding from 2024 to 2038 in exchange for broadband expansion.
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LICT Corporation to sell its 20% share in Brick Skirt Holding Company, LLC to CIBL Inc pending regulatory approval.
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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%.
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FAQ

What is the current stock price of LICT (LICT)?

The current stock price of LICT (LICT) is $14105 as of December 23, 2024.

What services does LICT Corporation provide?

LICT Corporation provides broadband internet, voice, and data services, primarily in rural and suburban areas.

Where is LICT Corporation located?

LICT Corporation is located at 401 Theodore Fremd Ave, Rye, New York, United States.

What recent achievements has LICT Corporation made?

LICT has expanded its broadband services and invested in fiber-optic technology to enhance internet speed and reliability.

What are LICT Corporation's current projects?

LICT is currently working on expanding its fiber-optic network and partnering with local governments to improve community connectivity.

How is LICT Corporation's financial condition?

LICT has demonstrated stable financial performance with consistent revenue growth, allowing for continued investment in technology.

Who are LICT Corporation's customers?

LICT serves residential, business, and government customers, particularly in rural and suburban regions.

What technology does LICT Corporation use?

LICT uses advanced fiber-optic technology to ensure fast and reliable telecommunications services.

What makes LICT Corporation unique?

LICT's focus on improving connectivity in less densely populated areas and their continuous investment in infrastructure set them apart.

How can I stay updated on LICT Corporation's latest news?

You can visit LICT Corporation's official website or follow their updates on StockTitan for the latest news and developments.

What is the significance of LICT's partnerships?

LICT's partnerships with technology firms enhance their service offerings and ensure they provide the latest communication solutions.

LICT CORP

OTC:LICT

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LICT Stock Data

16.97k
2.38%
Telecom Services
Communication Services
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United States of America
Rye