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 Corp (LICT) is a leading telecommunications provider specializing in advanced network infrastructure and connectivity solutions. This page serves as the definitive source for all official company announcements and news coverage, providing stakeholders with timely updates on strategic developments.
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Key content includes quarterly earnings announcements, technology partnerships, infrastructure expansions, and regulatory filings. Each update is verified for accuracy and presented in clear, accessible language suitable for both casual observers and professional analysts.
Bookmark this page for direct access to Lict Corp's latest communications. For comprehensive monitoring of the company's market position in telecommunications, check back regularly for new developments and official statements.
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
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.
