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LICT Corporation Reports Second Quarter 2026 Results
RYE, N.Y., August 11, 2026--LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT), an integrated provider of broadband and voice services, today reported preliminary, unaudited financial results for the second quarter of 2026.
About this update from Lict Corp.
RYE, N.Y., August 11, 2026 --( BUSINESS WIRE )--LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT), an integrated provider of broadband and voice services, today reported preliminary, unaudited financial results for the second quarter of 2026. HIGHLIGHTS Results from Operations Second quarter 2026 Revenues Total revenues were $40.6 million in the second quarter of 2026 compared with $34.4 million in the second quarter of 2025. EBITDA EBITDA for the second quarter of 2026 increased $4.8 million, to $18.2 million, compared to $13.5 million for the same period in 2025. EBITDA margin increased to 44.9% in the second quarter of 2026 compared with 39.2% in the prior-year period. The increase in EBITDA margin primarily reflected a $4.7 million EBITDA contribution from the Company's work for a middle-mile fiber provider. The following table is a reconciliation of EBITDA: Net Income and Earnings per Share Net income for the three months ended June 30, 2026 was $6.2 million, or $403 per share, compared with $3.2 million, or $198 per share, for the same period in 2025. The $3.0 million, or 95.7%, increase in net income primarily resulted from the following: These favorable items were partially offset by the following: Six months ended June 30, 2026 Revenues Total revenues were $76.3 million in the six months ended June 30, 2026 compared with $69.0 million in the six months ended June 30, 2025. EBITDA EBITDA for the six months ended June 30, 2026 increased $4.9 million, to $32.2 million, compared to $27.3 million for the same period in 2025. EBITDA margin increased to 42.2% in the six months ended June 30, 2026 compared with 39.6% in the prior-year period. The increase in EBITDA margin was due primarily to a $4.9 million EBITDA contribution year to date from the Company's work on a middle-mile fiber project. The following table is a reconciliation of EBITDA: Net Income and Earnings per Share Net income for the six months ended June 30, 2026 was $8.0 million, or $522 per share, compared with $7.3 million, or $453 per share, for the same period in 2025. The $0.7 million, or 10.0%, increase in net income primarily resulted from the following: These increases were offset by the following: The Company also recorded a $0.4 million increase in its provision for income taxes. Liquidity and Balance Sheet Highlights Liquidity As of June 30, 2026, the Company had $68.6 million outstanding under its $100 million facility, with an average interest rate of 5.8%. The Company is currently in discussions with its lender to amend its revolving credit facility to increase total commitments from $100 million to $150 million. While no assurance can be provided that such amendment will be completed, the Company expects that, if consummated, the expanded facility would support ongoing capital expenditure programs, including broadband build-out initiatives and grant-related projects. As of June 30, 2026, the Company was in compliance with all applicable financial covenants under the agreement. Capital Expenditures in the Second Quarter Gross capital expenditures totaled $18.2 million in the second quarter of 2026, compared to $17.6 million in the prior-year period. Second quarter investments were focused on the continued build-out of E-ACAM broadband infrastructure and early-stage activities associated with ReConnect III and IV programs. During the second quarter of 2026, the Company received $10.3 million in grant proceeds related to these network expansion initiatives. After giving effect to these grant reimbursements, net capital expenditures for the quarter were approximately $7.8 million. In addition, the Company also continued to invest in fixed wireless network expansion through its Sound Broadband subsidiary. Capital Expenditures Year to Date Gross capital expenditures totaled $32.3 million in the first six months of 2026, compared to $33.1 million in the prior-year period. First six months 2026 investments were focused on the continued build-out of E-ACAM broadband infrastructure and early-stage activities associated with ReConnect III and IV programs. During the first six months of 2026, the Company received $14.8 million in grant proceeds related to these network expansion initiatives. After giving effect to these grant reimbursements, net capital expenditures for the first six months of 2026 were approximately $17.5 million. In addition, the Company also continued to invest in fixed wireless network expansion through its Sound Broadband subsidiary. These investments remain essential to meeting the Company's regulatory obligations while accelerating broadband expansion across LICT's service territories. Through continued deployment of fiber and fixed wireless infrastructure, the Company is expanding network reach, increasing the number of serviceable locations, and positioning itself for future broadband subscriber and revenue growth in both existing and adjacent markets. Other Assets and Investments In addition to its core operations, the Company owns various complementary assets and investments, including spectrum licenses and minority interests in other entities. Management currently estimates that these assets collectively have a value in excess of $50 million. Rural Broadband Expansion Accelerates: A Key Driver of Growth Government Programs LICT continues to benefit from federal and state programs that support the expansion of high-speed broadband infrastructure in rural markets. The Company participates in the FCC's Enhanced Alternative Connect America Cost Model ("E-ACAM") program, which supports broadband deployment across LICT's rural service territories. Broadband Deployment and Subscriber Growth Broadband services remain the primary growth driver of LICT's telecommunications operations. The table below provides a comparative summary of the Company's subscriber and line metrics as of June 30, 2026, versus December 31, 2025. During the first six months of 2026, growth in fiber broadband subscribers was partially offset by a decline in fixed-wireless subscribers as certain customers migrated to fiber-based services and the Company continued to optimize its broadband platform. Strategic Initiatives The Company continues to focus on improving the capital efficiency of its network investments. By incorporating fixed wireless technologies and alternative access solutions alongside fiber deployment, LICT is able to expand broadband coverage while reducing overall deployment costs in certain markets. LICT Corporation Statements of Operations (Unaudited) LICT Corporation Balance Sheet (Unaudited) About LICT Corporation LICT Corporation and Subsidiaries (OTC Pink®: LICT) is a diversified broadband and communications company with operations in California, Kansas, Iowa, New Mexico, Oregon, Utah and Wisconsin. The Company also holds investments in wireless spectrum, including MachTen Inc., Aureon Network Services, CVIN LLC and the Kansas Fiber Network. LICT's strategy is to serve customers with fiber, wireless and next-generation solutions and bring advanced connectivity services not only to rural areas, but also to adjacent urban markets, expanding its footprint and closing the digital divide. More information is available at lictcorp.com . Cautionary Note Concerning Forward Looking Statements This release contains certain 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, including without limitation anticipated financial results, financing, capital expenditures and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation, business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful, or that financial targets will be met. Such forward-looking information is subject to uncertainties, risks and inaccuracies, which could be material. View source version on businesswire.com: https://www.businesswire.com/news/home/20260811315124/en/ Contacts Joe Cecin Chief Operating Officer (914) 921-8821 Stephen J. Moore Vice President - Finance (914) 305-3312