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CORRECTING and REPLACING CIBL, Inc. Reports Preliminary (Unaudited) Fourth Quarter and Full Year 2023 Operating Results
CORRECTING and REPLACING CIBL, Inc. Reports Preliminary (Unaudited) Fourth Quarter and Full Year 2023 Operating Results.
About this update from Cibl, Inc.
[{"type":"text","content":"\nIn the release dated March 6, 2024, second sentence of second paragraph should read: EBITDA from the New Hampshire Operations before corporate expenses are $381,000 in the 2023 period as compared to $299,000 in 2022 (instead of:  EBITDA from the New Hampshire Operations was $138,000 in the 2023 period as compared to $113,000 in 2022). Second sentence of third paragraph should read: EBITDA from the New Hampshire Operations before corporate expenses totaled $1.446 million for the year ending December 31, 2023 as compared to $1.349 million in the prior year (instead of: EBITDA from the New Hampshire Operations totaled $506 million for the year ending December 31, 2023 as compared to $452 million in the prior year). Second sentence of eighth paragraph has been removed.\n\n\nThe updated release reads:\n\n\nCIBL, INC. REPORTS PRELIMINARY (UNAUDITED) FOURTH QUARTER AND FULL YEAR 2023 OPERATING RESULTS\n\n\nCIBL, Inc. (“CIBL” or the “Company”; OTC Pink ®: CIBY) announces preliminary unaudited results for the quarter and year ending December 31, 2023. 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\n\nFor 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 before corporate expenses are $381,000 in the 2023 period as compared to $299,000 in 2022.\n\n\nOperating revenues for the New Hampshire Operations generated $1.909 million for the year ending December 31, 2023, a 2.4% increase from the $1.863 million reported for the year ending December 31, 2022. EBITDA from the New Hampshire Operations before corporate expenses totaled $1.446 million for the year ending December 31, 2023 as compared to $1.349 million in the prior year.\n\n\nOn 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.\n\n\nDuring 2023, the Company repurchased 193 of its shares at an average price of $1,789 per share. Since its spin-off from LICT Corporation in 2007, CIBL has re...