LICT Q2 Net Income Nearly Doubles on Fiber Project, Revenue Up 18%
LICT is trading near its 52-week low of $9,800 (12% above the low).
Summary
LICT's preliminary Q2 results show a sharp turnaround from Q1's 56% net income drop. Revenue rose 18% to $40.6 million, and net income nearly doubled to $6.16 million, driven by a middle-mile fiber project that added $3.5 million to the bottom line. The company also completed the Gunnison Telephone acquisition, expanding its rural footprint. Looking ahead, E-ACAM support is expected to jump to $40.4 million in 2026 before declining, and BEAD-funded construction could start within two years. Management is negotiating a larger credit facility to fund capital spending. The fiber project's contribution is a one-time boost, but the subscriber growth and government support signal improving fundamentals.
At the time of this announcement, LICT was trading at $11,000.00 on OTC in the Technology sector, with a market capitalization of approximately $211.1M. The 52-week trading range was $9,800.00 to $14,149.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.