Business
CIBL, Inc. Reports Preliminary (unaudited) Full Year Operating Results
CIBL, Inc. Reports Preliminary (unaudited) Full Year Operating Results.
About this update from Cibl, Inc.
[{"type":"text","content":"\nCIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces that at December 31, 2022, it held $22.7 million in liquid assets or $1,807 per share, based on the 12,561 shares outstanding at that date, 20 shares of LICT Corporation common stock and 10,000 shares of Solix Inc., a private outsourcing firm that provides, among other services, billing and collection for the telecommunications industry. In addition, CIBL’s operations consist of Bretton Woods Telephone Company and World Surfer, Inc. providers of broadband and communication services in Northern New Hampshire (“New Hampshire Operations”).\n\nFor the twelve months ended December 31, 2022, the New Hampshire operations generated $1,863,000 in revenues, a 1.9% decrease from the $1,899,000 reported for the year ended December 31, 2021. EBITDA from the New Hampshire operations was $452,000 in the 2022 period as compared to $549,000 in 2021.\n\nDuring 2022, the Company acquired 2,188 of its shares at an average price of $1,802 per share. We now have 12,561 shares outstanding. Since its spin-off from LICT Corporation in 2007, CIBL has repurchased 13,555 of its shares for $18.7 million, or an average price of $1,380 per share.\n\nTo the extent this release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, it should be recognized that such information is based upon assumptions, projections and forecasts, including without limitation business conditions and financial markets, and the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. Thus, such information is subject to uncertainties, risks and inaccuracies, which could be material, and there can be no assurance that such information will prove to be accurate.\n\nCIBL is a holding company with interests in broadband operations. CIBL is listed on OTC Pink® under the symbol CIBY and information can be obtained on our website: www.ciblinc.com.\n\n\n\nCIBL, Inc. and Subsidiaries\n\n\nConsolidated Statements of Operations (Unaudited)\n\n\n(In Thousands, Except Common Share and Earnings per Share Data)\n\n\n\n\n\nAttachment A\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nThree Months Ended\n\n\nDecember 31,\n\n\n\n \...