LICT Unit Signs Additional Orders for $60M California Fiber Build
LICT sits 30% above its 52-week low of $9,800.
Summary
LICT's Cal-Ore unit signed additional work orders for a large fiber build in California, expected to generate $60 million in revenue and $20 million in EBITDA during 2027-2028, with projects starting in early 2027. This follows a strong Q2 where revenue rose 18% to $40.6 million, reversing Q1's 56% net income drop. The new orders represent a significant expansion of LICT's fiber footprint and provide multi-year revenue visibility. The $20 million EBITDA projection is material relative to the company's recent earnings, suggesting meaningful margin contribution. Watch for further order announcements and execution updates as the projects commence in early 2027.
At the time of this announcement, LICT was trading at $12,700.00 on OTC in the Technology sector, with a market capitalization of approximately $243.7M. The 52-week trading range was $9,800.00 to $13,900.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.