LICT CORP - LICT STOCK NEWS

LICT Corporation (OTC Pink: LICT) reported its financial results for 2022, noting a revenue increase to $131.3 million, up from $129.1 million in 2021. EBITDA fell slightly to $57.6 million from $57.8 million, with earnings per share at $1,311, down from $1,368. In Q4 2022, revenues were $33.1 million, a rise from $32.5 million in Q4 2021. Capital expenditures rose significantly, totaling $48.3 million for the year, while shareholder contributions reached $1.1 million in 2022. LICT continues to expand its broadband initiatives, including accepting $62 million in grants for infrastructure improvements.

LICT Corporation (OTC Pink: LICT) continues its Shareholder Charitable Contribution program, donating $100 per share to charities designated by registered shareholders. In the past six years, the company has contributed over $6.5 million. Shareholders must register their shares by January 12, 2023 and submit donation forms by January 31, 2023. The Board of Directors has authorized an additional 500 shares for repurchase, totaling 844. The repurchases will occur opportunistically with no guarantee of additional purchases.

LICT Corporation (OTC Pink: LICT) has initiated a search for a new Chief Executive Officer with a focus on broadband experience to enhance its high-speed broadband deployment plans across six states. Current CEO Mario J. Gabelli will transition to Executive Chairman. The company emphasizes its commitment to growth in telecommunications and broadband services while cautioning that forward-looking statements regarding financial results and business conditions are subject to risks and uncertainties. For more details, visit www.lictcorp.com.

LICT Corporation (OTC Pink: LICT) reported its Q1 2022 financial results, showing a 6.7% increase in non-regulated revenues to $17.5 million. Total revenues rose to $32.5 million, while EBITDA decreased to $14.0 million from $14.4 million in 2021. Regulated revenues fell to $15.0 million and regulated EBITDA to $6.9 million. The company remains committed to expanding broadband access, participating in FCC programs, and expects 2022 revenue around $131 million with full-year earnings per share projected at $1,350.

LICT Corporation reported a 4% increase in full-year revenues, reaching a record $129.1 million for 2021, with EBITDA from operations at $58 million. Fourth-quarter revenues rose 3.5% year-over-year to $32.5 million. Broadband revenues hit $17.3 million, up 6.8%. However, fourth-quarter EBITDA decreased to $14.2 million from $14.5 million in 2020. The company plans to increase capital expenditures significantly in 2022, and estimates revenues of $131 million and EBITDA of $58 million for the year ahead.

LICT Corporation (OTC Pink: LICT) has announced the appointment of Matt Goldfarb as Special Advisor to the Chairman. Goldfarb brings extensive experience in investment and operational sectors, having previously worked with Alvarez & Marsal and led restructuring efforts at various firms. Chairman Mario J. Gabelli expressed enthusiasm about Goldfarb's expertise, which is expected to bolster the company's strategic initiatives. LICT focuses on telecommunications services and actively seeks acquisitions within its business areas.

LICT Corporation (OTC Pink: LICT) continues its Shareholder Charitable Contribution program, allowing registered shareholders to designate a charity for a $100 donation per share. Over the past five years, the company has contributed over $6.0 million to various charities. Shareholders must register their shares in their own name by December 17, 2021, to participate, with completed forms due by January 14, 2022. If all shares are registered, the total contribution could reach $2 million. Only 501(c)(3) charities are eligible for donations.