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.
Investors and industry professionals will find curated access to press releases, financial reports, and operational updates. Our repository ensures you stay informed about LICT initiatives without searching multiple sources.
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) 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.
LICT Corporation (OTC Pink: LICT) reports record unaudited financial results for Q3 2021, highlighting a 9% increase in non-regulated revenues to $17.1 million, driven by broadband services. Regulated revenues fell to $15.2 million from $16.5 million due to DSL detariffing. Overall revenues were $32.3 million, slightly up from $32.2 million last year. Earnings per share declined to $342 from $371. LICT's capital expenditures rose to $8.1 million, with an increased guidance for total capex to $31-33 million. Broadband penetration improved to 93.3%, and the company continues its participation in the Emergency Broadband Benefit Program.
LICT Corporation (OTC Pink: LICT) is set to continue its Shareholder Charitable Contribution program, allowing registered shareholders to designate charities for the company to donate $100 per share. More details regarding the timing and mechanics are expected by year-end. LICT has contributed over $6 million in charitable donations over the past five years. The company emphasizes the importance of charitable giving and has pledged to support 501(c)3 charities selected by both shareholders and employees. Forward-looking statements regarding financial outcomes are included in the release.
LICT Corporation (OTC Pink: LICT) has received an offer to purchase all outstanding shares of its stock. The proposed price exceeds the current market value, but the Board believes it falls short of the company's intrinsic value. The company is continuing its financial engineering initiatives. Shareholders are advised that no further updates on the offer will be provided until the conclusion of Auction 110. The announcement also includes a caution regarding forward-looking statements and the uncertainties that may affect potential transactions.
LICT Corporation (OTC Pink: LICT) announces the immediate resignation of Gary L. Sugarman from its Board of Directors, effective immediately. This decision was prompted by the FCC's Rule Section 20.22(b)(4)i, which limits the spectrum options for companies where board members have attributable interests. Mr. Sugarman has had a significant impact on LICT since rejoining in 2019, previously serving as an advisor and director. His departure raises potential concerns for LICT's strategic direction regarding spectrum auctions. The company will address the vacancy appropriately.
LICT Corporation reported unaudited financial results for Q2 2021, showing revenues of $32.3 million, an increase from $30.5 million in Q2 2020. EBITDA rose to $14.8 million from $13.8 million. Non-regulated revenues, driven by broadband sales, increased by 12% to $16.8 million. Regulated revenues remained flat at $15.5 million. The company acquired NeboNet, enhancing its broadband network in Utah. Earnings per share rose to $346 from $307. The 2021 revenue guidance remains $127-$131 million.
LICT Corporation has announced an increase in its stock repurchase authorization to a total of 1,000 shares, up from 335 shares remaining. The company believes the current market undervalues its long-term prospects, prompting this continuation of the buyback program. LICT is actively seeking to enhance shareholder value through growth across its subsidiaries in broadband and telecommunications, while also exploring potential acquisitions.
LICT Corporation (OTC Pink: LICT) announces the appointment of Kevin Errity as Chief Operating Officer, bringing nearly 30 years of telecommunications experience.
Errity has held executive roles at AT&T, ExteNet Systems, and was instrumental in the growth of PAETEC Communications into a $2 billion company before its merger with Windstream Communications.
Chairman Mario J. Gabelli expressed confidence in Errity's ability to enhance LICT's executive team and drive business development.
LICT Corporation (OTC Pink: LICT) announced its first quarter financial results for 2021, showing revenues of $32.0 million, a year-over-year increase from $30.0 million. Non-regulated revenues rose 13% to $16.4 million, primarily from broadband sales. Earnings per share increased to $378 from $324 in 2020. The Company continues to pursue broadband expansion and has initiated a strategic review for potential growth avenues. LICT also reported a strong cash position of $22.1 million and capital expenditures of $7.1 million for the quarter.
