LICT Corporation Reports Third Quarter 2013 Results

Rye, NY – November 25, 2013 – LICT Corporation (“LICT”; Pink Sheets®: LICT) today announced its third quarter 2013 earnings. See attachment A.

THIRD QUARTER RESULTS –During the third quarter of 2013, our revenues were $24.2 million, essentially the same as the 2012 third quarter. EBITDA before corporate costs was $9.2 million versus $10.1 million, or down by $0.9 million as compared to 2012. This was due primarily to lower cash distributions from our equity affiliates of $426,000, from $679,000 to $253,000, and to lower earnings from operations.

Continue reading LICT Corporation Reports Third Quarter 2013 Results

LICT Corporation Reports Second Quarter 2013 Results

Rye, NY – August 9, 2013 – LICT Corporation (Pink Sheets®: LICT) today announced its second quarter 2013 earnings. See attachment A.

SECOND QUARTER RESULTS –During the second quarter of 2013, our revenues were $23.7 million as compared to $24.0 million in 2012, a decrease of $261,000. EBITDA before corporate costs was $9.1 million versus $10.0 million, or down by $0.9, as million compared to 2012 in part traceable to lower cash distributions from our equity affiliates of $344,000, and lower earnings from operations.

Continue reading LICT Corporation Reports Second Quarter 2013 Results

LICT Announces Expansion Of Stock Re-purchase Program

Rye, New York – June 13, 2013 – LICT Corporation (“LICT” or the “Company”) today announces that it is receiving authorization under its line of credit agreement to purchase an additional $1,000,000. of the Company’s stock. Webster Bank, N.A., which provides LICT’s $17.5 million line of credit, has advised the Company that it will modify the agreement to increase from $1 million to $2 million the amount which LICT may spend to re-purchase its stock in 2013. The Company had requested this increase because it has nearly exhausted the original $1 million authorization and believes that stock buy-backs serve the interests both of shareholders and of the Company itself. Modification of the agreement for this purpose is expected to be completed within the next week.

Continue reading LICT Announces Expansion Of Stock Re-purchase Program

LICT Corporation Reports First Quarter 2013 Results

Rye, NY – May 20, 2013 – LICT Corporation (Pink Sheets®: LICT) today announced its first quarter 2013 earnings. See attachment A.

FIRST QUARTER RESULTS –During the first quarter of 2013, our revenues were $23.5 million as compared to $23.1 million in 2012, an increase of $0.3 million. EBITDA at $9.1 million was down by $0.6 million compared to 2012 due to the absence of $0.6 million in cash distributions from our equity affiliates in 2012.

Continue reading LICT Corporation Reports First Quarter 2013 Results