LICT

CIBL, Inc. Reports Preliminary (Unaudited) Fourth Quarter and Full Year 2023 Operating Results

Retrieved on: 
Friday, March 8, 2024

CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces preliminary unaudited results for the quarter and year ending December 31, 2023.

Key Points: 
  • CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces preliminary unaudited results for the quarter and year ending December 31, 2023.
  • For the three months ended December 31, 2023, the New Hampshire Operations generated $481,000 in operating revenues, an 5.9% increase from the $455,000 reported for the quarter ended December 31, 2022.
  • EBITDA from the New Hampshire Operations was $138,000 in the 2023 period as compared to $113,000 in 2022.
  • On December 31, 2023, liquid investments were approximately $22.7 million or $1,794 per share, based on the 12,668 shares outstanding at year end December 31, 2023.

LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.
  • Regulated revenues were $11.5 million in the fourth quarter of 2023, a decline of $0.6 million versus the prior year’s fourth quarter of $12.1 million.
  • Regulated EBITDA in the fourth quarter of 2023 was $3.9 million compared to $5.1 million during the same period last year.
  • CAPITAL EXPENDITURES – For the fourth quarter of 2023, capital expenditures were $7.5 million versus $12.0 million in the fourth quarter of 2022.

LICT Corporation Shareholder Designated Charitable Contribution Program

Retrieved on: 
Tuesday, January 16, 2024

LICT Corporation (OTC Pink: LICT) announces today that it will continue its Shareholder Charitable Contribution program for all registered shareholders.

Key Points: 
  • LICT Corporation (OTC Pink: LICT) announces today that it will continue its Shareholder Charitable Contribution program for all registered shareholders.
  • Since the program’s inception in 2016, LICT has made more than $8.4 million in charitable contributions.
  • a bank, broker or other institution holding the shares for the shareholder), those shares will not be eligible to participate in this charitable program.
  • LICT will distribute a charitable contribution form that must be returned to LICT no later than March 11, 2024, for the charitable contribution to be made.

MachTen, Inc. Reports Results for the Third Quarter 2023

Retrieved on: 
Tuesday, November 14, 2023

Local access revenue of $355,000 in the 3rd quarter was generated from providing services to 3,971 access lines.

Key Points: 
  • Local access revenue of $355,000 in the 3rd quarter was generated from providing services to 3,971 access lines.
  • Non-regulated revenue increased to $1.05 million in the 3rd quarter of 2023, up from $941,000 in the prior year period.
  • As of September 30, 2023, cash and cash equivalents were $1.57 million, compared with $1.2 million as of December 31, 2022.
  • The deployment of fiber-based broadband services in the nineteen incumbent exchanges that benefit from E-CAM support will also accelerate in 2024.

LICT Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Friday, December 8, 2023

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2023.
  • Non-regulated revenues for the third quarter of 2023 increased 2.1% to $17.5 million from the prior year’s third quarter $17.2 million.
  • OTHER EXPENSES – Other expenses increased to $0.6 million in the third quarter of 2023, versus $0.3 million in the prior year’s third quarter, reflecting higher interest expense.
  • EARNINGS PER SHARE – Earnings per share prior to discontinued operations for the third quarter of 2023 were $195 per share.

CIBL, Inc. Reports (Unaudited) Third Quarter Operating Results

Retrieved on: 
Thursday, December 7, 2023

CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces results for the third quarter ending September 30, 2023.

Key Points: 
  • CIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces results for the third quarter ending September 30, 2023.
  • For the three months ended September 30, 2023, the New Hampshire operations generated $475,000 in operating revenues, an 8.3% decrease from the $518,000 reported for the quarter ended September 30, 2022.
  • EBITDA from the New Hampshire operations was $109,000 in the 2023 period as compared to $112,000 in 2022.
  • CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com .

LICT Corporation Announces Acquisition of Manti Telephone Company

Retrieved on: 
Friday, October 6, 2023

LICT Corporation’s (“LICT”, OTC Pink ®: LICT) wholly owned subsidiary CentraCom, has agreed to acquire Manti Telephone Company (MTC) and its sister companies, Manti Tele Communications Company (MTCC), and AFConnect (AFI).

Key Points: 
  • LICT Corporation’s (“LICT”, OTC Pink ®: LICT) wholly owned subsidiary CentraCom, has agreed to acquire Manti Telephone Company (MTC) and its sister companies, Manti Tele Communications Company (MTCC), and AFConnect (AFI).
  • Manti Telephone Company has provided communication services in Manti and Sterling, Utah, for over a century, and expanded into Ephraim, Utah in the 1990s.
  • LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.
  • LICT Corporation is listed on the OTC Pink® under the symbol LICT.

LICT Corporation to Participate in Enhanced A-CAM Program

Retrieved on: 
Monday, October 2, 2023

LICT Corporation (“LICT”, OTC Pink ®: LICT) announces that we are electing to participate in the Federal Communications Commission (“FCC”) Enhanced Alternative – Connect America Cost Model (“Enhanced A-CAM”).

Key Points: 
  • LICT Corporation (“LICT”, OTC Pink ®: LICT) announces that we are electing to participate in the Federal Communications Commission (“FCC”) Enhanced Alternative – Connect America Cost Model (“Enhanced A-CAM”).
  • The Enhanced A-CAM support is an update and extension of the current Alternative Connect America Cost model (A_CAM) which LICT and its subsidiaries have participated in since the 2016 inception of the program.
  • LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.
  • LICT Corporation is listed on the OTC Pink® under the symbol LICT.

LICT Corporation Announces Sale of its Assets of Brick Skirt Holding Company, Inc.

Retrieved on: 
Wednesday, September 27, 2023

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that it will sell its 20% share in Brick Skirt Holding Company, LLC.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that it will sell its 20% share in Brick Skirt Holding Company, LLC.
  • LICT purchased DFT in 1996, and in 2014, sold it back to its founding family, the Maytums, of Fredonia, New York, under the name Brick Skirt Holding Company, LLC.
  • As part of the sale process, LICT retained a 20% equity interest in Brick Skirt Holding Company.
  • LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.

CIBL, Inc. Reports Acquisition of Brick Skirt, Inc.

Retrieved on: 
Wednesday, September 27, 2023

CIBL, Inc. (“CIBL”; OTC Pink®: CIBY) announced, subject to regulatory approval, it will acquire 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”) from LICT Corporation (“LICT”).

Key Points: 
  • CIBL, Inc. (“CIBL”; OTC Pink®: CIBY) announced, subject to regulatory approval, it will acquire 20% of Brick Skirt Holdings, Inc. (“Brick Skirt”) from LICT Corporation (“LICT”).
  • As part of LICT’s sale of Brick Skirt in 2014 it retained and subsequently exercised their right to acquire their present 20% minority interest.
  • CIBL’s New Hampshire Operations has utilized Brick Skirt’s support services for certain administrative functions for the past ten years.
  • CIBL and Brick Skirt look forward to continuing and enhancing their business relationship as part of this acquisition.