Press – Page 7 – LICT Corporation

LICT Corporation Reports Preliminary Fourth Quarter and Full Year 2018 Results and Gary L. Sugarman Rejoins Board of Directors

Fourth Quarter

Revenues increased to $28.8 million from $27.5 million.
EBITDA grew to $14.5 million from $13.0 million.
EPS rose to $269 per share from $210 per share, excluding a deferred tax adjustment of $388 in 2017.

Full Year

Revenues climbed to $115.8 million from $106.7 million.
EBITDA was $57.9 million versus $49.2 million.
EPS rose to $1,262 per share from $666 per share, excluding a deferred tax adjustment of $383 in 2017.

Rye, NY – February 11, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports preliminary, unaudited, financial results for the year ended December 31, 2018.

FOURTH QUARTER RESULTS – In 2018, LICT’s reported fourth quarter revenues increased $1.4 million to $28.8 million compared to $27.5 million for the corresponding quarter in 2017. Reported EBITDA was $14.5 million in the fourth quarter of 2018 as compared to $13.0 million in the fourth quarter of 2017.

LICT Corporation Continues Shareholder Designated Charitable Contribution Program

Rye, New York- January 4, 2019 – As previously announced, LICT Corporation (OTC Pink: LICT) is continuing, for 2019, its Shareholder Charitable Contribution Program for all registered shareholders. The program was originally adopted in 2016. All registered shareholders will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

LICT Corporation Announces Receipt of Offer For Its Shares

Rye, New York – December 6, 2018 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT). is announcing that we recently received an offer to purchase all of LICT’s outstanding stock. Although the price which has been offered represents a premium to LICT’s recent trading price, we believe it is below the current value of our enterprise and lower than the value that our growth opportunities might provide. This approach has, among other concerns, significant financing contingencies.

LICT Corporation Continues Shareholder Designated Charitable Contribution Program

Rye, New York- November 30, 2018 – LICT Corporation (OTC Pink: LICT) is announcing that its Board of Directors has approved continuing, for 2019, the Shareholder Charitable Contribution Program for all registered shareholders. The program was originally adopted in 2016. All registered shareholders will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

LICT Corporation Reports Third Quarter 2018 Results

Revenues increased to $32.3 million from $26.6 million.
EBITDA grew to $17.7 million from $12.4 million.
EPS rose to $391 per share from $167 per share.

Rye, NY – October 17, 2018 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports financial results for the third quarter ended September 30, 2018.

THIRD QUARTER RESULTS – In 2018, LICT’s reported third quarter revenues increased $5.7 million to $32.3 million compared to $26.6 million for the corresponding quarter in 2017. Reported EBITDA was $17.7 million in the third quarter of 2018 as compared to $12.4 million in the third quarter of 2017.

LICT CORPORATION REPORTS SECOND QUARTER 2018 RESULTS

Revenues increased 3.5% to $27.5 million from $26.6 million
EBITDA grew 5.2% to $12.8 million from $12.2 million
EPS rose to $248 per share from $180 per share – this excludes $120 per share gain from the sale of a minority interest in an investment.

Rye, NY – July 18, 2018 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports financial results for the second quarter ended June 30, 2018.

SECOND QUARTER RESULTS – In 2018, LICT’s second quarter revenues increased by $0.9 million, or 3.5%, to $27.5 million compared to $26.6 million for the corresponding quarter in 2017. Non-regulated revenues gained 9.8%, to $12.6 million from the prior year’s $11.5 million due to increased broadband and competitive local exchange carrier (“CLEC”) revenues. Regulated revenues decreased slightly by 1.3%, to $14.9 million in the second quarter of 2018 from the prior year’s $15.1 million.

LICT Corporation CEO Search

Rye, New York – June 26, 2018 – LICT Corporation (OTC Pink: LICT) The Board of Directors of LICT Corporation has approved a search for a successor to Mario J. Gabelli as Chief Executive Officer of LICT.

The individual should have knowledge of broadband and, in particular, of rural communities, as well as opportunities to serve colleges, universities, hospitals, small businesses and residences.

LICT Corporation Increases Share Repurchase Program

Rye, New York – May 22, 2018 – LICT Corporation (“LICT” or the “Company”, OTC Pink ®: LICT) is today announcing that its Board of Directors (the “Board”) has increased the Company’s share repurchase authorization. Prior to this increase, there had been 305 shares remaining for repurchase under the Board’s prior authorizations. The Board has now increased that amount by 900 shares to a total of 1,205 shares currently authorized for repurchase by LICT. LICT continues its buyback program because it believes that the current markets under values the long term prospects of the company. LICT intends to buy its shares from time to time in the marketplace as it deems appropriate.

LICT Corporation Continues Shareholder Designated Charitable Contribution Program

Rye, New York- April 30, 2018 – LICT Corporation (OTC Pink: LICT) is announcing today that it will continue, for 2018, the Shareholder Charitable Contribution Program for all registered shareholders. The program was originally adopted in 2016. All registered shareholders will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

LICT Corporation Reports First Quarter 2018 Results

Revenues increased 4.2% to $27.2 million from $26.1 million
EBITDA grew 11.4% to $13.0 million from $11.6 million
EPS, bolstered by tax changes, rose to $235 per share from $170 per share

Rye, NY – April 18, 2018 – LICT Corporation (“LICT” or the “Company”; OTC Pink^®: LICT) reports financial results for the first quarter ended March 31, 2018.

FIRST QUARTER RESULTS – In 2018, LICT’s first quarter revenues increased by $1.1 million, or 4.2%, to $27.2 million compared to $26.1 million for the corresponding quarter in 2017. Non-regulated revenues gained 8.4%, to $12.2 million from the prior year’s $11.2 million due to increased broadband and competitive local exchange carrier (“CLEC”) revenues. Regulated revenues increase 1.0%, to $15.0 million in the first quarter of 2018 from the prior year’s $14.9 million.

Category: Press