\n\n(in thousands)<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td><\/tr>\n\n\nOperating profit<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n4,080<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n5,581<\/b><\/p><\/td><\/tr>\n\n\nAdjustments:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCorporate expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,915<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,412<\/p><\/td><\/tr>\n | \n\nCharitable contributions<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td><\/tr>\n | \n\nDepreciation and amortization<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,950<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6,827<\/p><\/td><\/tr>\n | \n\nTotal adjustments<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9,880<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8,239<\/p><\/td><\/tr>\n | \n\nEBITDA (from operations)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n13,960<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n13,820<\/b><\/p><\/td><\/tr>\n<\/table> \nNet Income and Earnings per Share<\/i><\/p> \nNet income for the three months ended March 31, 2026 was $1.8 million, or $119 per share, compared with $4.1 million, or $256 per share, for the same period in 2025. The $2.3 million, or 56.1%, decrease in net income primarily resulted from the following:<\/p> \n- \nOther income (expense) decreased by approximately $1.6 million year-over-year, primarily due to unrealized investment losses. This expense primarily resulted from a $1.2 million unrealized loss on investments in the first quarter of 2026, compared with a $0.4 million unrealized gain in the prior-year period.<\/li>\n
- \nDepreciation and amortization expenses increased $1.1 million associated with recent infrastructure investments;<\/li>\n
- \nCost of revenue increased $0.5 million reflecting expanded staffing, professional services, and higher repair and maintenance activity in the Company\u2019s New Mexico and Utah operations;<\/li>\n
- \nGeneral and administrative costs and corporate expenses increased $0.4 million and $0.5 million, respectively.<\/li>\n<\/ul>
\nThese higher operating and non-cash expenses were partially offset by a $1.1 million increase in revenue, driven by an increase in EACAM funding following the FCC\u2019s December 2025 true-up adjustment, and fiber-build construction revenue recognized at one of the Company\u2019s subsidiaries. The Company also recorded a $0.9 million decrease in its provision for income taxes, primarily reflecting tax benefits associated with 100% bonus depreciation on qualifying capital expenditures.<\/p> \nLiquidity and Balance Sheet Highlights<\/b><\/p> \nLiquidity<\/i><\/p> \nAs of March 31, 2026, the Company had $67.9 million outstanding under its $100 million facility, with an average interest rate of 5.8%.<\/p> \n- \nNet debt totaled $82.5 million as of March 31, 2026, compared to $80.3 million as of December 31, 2025.<\/li>\n<\/ul>
\n- \nDebt leverage ratio, calculated as net debt divided by trailing 12-month EBITDA after Corporate Expenses, was 1.9x as of March 31, 2026.<\/li>\n<\/ul>
\nThe 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 March 31, 2026, the Company was in compliance with all applicable financial covenants under the agreement.<\/p> \nThe Company has been in discussions with the holders of approximately $7.6 million of seller notes, which mature in June 2026, regarding a potential extension of the notes for an additional three-year term at the existing fixed interest rate of 6%, which we expect to complete in the coming weeks.<\/p> \nIn addition, during the second quarter of 2026, one of the Company\u2019s subsidiaries entered into discussions with a middle-mile fiber provider regarding three anticipated contracts for the construction of approximately 237 miles of fiber infrastructure. If finalized, the agreements are expected to generate aggregate revenue in excess of $60 million, which the Company currently expects would be recognized from 2026 through early 2029.<\/p> \nThe anticipated arrangements would also provide the Company access to a portion of the installed fiber network and more than 60,000 passings located outside the Company\u2019s existing service territories, supporting potential future broadband expansion opportunities.<\/p> \nCapital Expenditures<\/i><\/p> \nGross capital expenditures totaled $14.1 million in the first quarter of 2026, compared to $15.5 million in the prior-year period. First quarter 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.<\/p> \nDuring the first quarter of 2026, the Company received $4.5 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 $9.6 million. In addition, the Company also continued to invest in fixed wireless network expansion through its Sound Broadband subsidiary.<\/p> \nThese 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.<\/p> \nOther Assets & Investments<\/i><\/p> \nIn 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.<\/p> \nBroadband Deployment & Subscriber Growth<\/b><\/p> \nBroadband services remain the primary growth driver of LICT's telecommunications operations.<\/p> \n- \nAt March 31, 2026, LICT owned and operated 8,286 miles of fiber optic cable, an increase of 102 miles, or 1%, compared with 8,184 at December 31, 2025. The Company also operates 8,942 miles of copper cable, 850 miles of coaxial cable, 109 towers and 301 spectrum licenses (1,216 million MHZ-Pop).<\/li>\n<\/ul>
\n- \nTotal broadband connections totaled 50,939. Broadband services now represent approximately two-thirds of total revenue-generating units, underscoring the Company\u2019s ongoing transition toward data-driven services.<\/li>\n<\/ul>
\nThe following table below provides a comparative summary of the Company\u2019s subscriber and line metrics as of March 31, 2026, versus December 31, 2025:<\/p> \n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \nMarch 31, 2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nDecember 31, 2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nIncrease (Decrease)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n% Increase (Decrease)<\/b><\/p><\/td><\/tr>\n\n\nBroadband lines<\/p><\/td> | \n44,041<\/p><\/td> | \n\u00a0<\/p><\/td> | \n43,976<\/p><\/td> | \n\u00a0<\/p><\/td> | \n65<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0.1<\/p><\/td> | \n%<\/p><\/td><\/tr>\n | \n\nFixed Wireless subscribers<\/p><\/td> | \n6,898<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,002<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(104<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1.5<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nTotal Broadband<\/p><\/td> | \n50,939<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n50,978<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(39<\/b><\/p><\/td> | \n)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.1<\/b><\/p><\/td> | \n)%<\/b><\/p><\/td><\/tr>\n\n\nVoice lines<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nILEC<\/p><\/td> | \n16,062<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16,203<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(141<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.9<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nOut of franchise<\/p><\/td> | \n4,939<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,142<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(203<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3.9<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nTotal Voice lines<\/p><\/td> | \n21,001<\/p><\/td> | \n\u00a0<\/p><\/td> | \n21,345<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(344<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1.6<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nVideo subscribers<\/p><\/td> | \n3,173<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,272<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(99<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3.0<\/p><\/td> | \n)%<\/p><\/td><\/tr>\n | \n\nTotal revenue generating units<\/b><\/p><\/td> | \n75,113<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n75,595<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(482<\/b><\/p><\/td> | \n)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.6<\/b><\/p><\/td> | \n)%<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table> \nWhile total broadband connections were relatively stable during the quarter, continued 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.<\/p> \nReturning Cash to Shareholders<\/b><\/p> \nFor the first quarter of 2026, the Company repurchased 6 shares of its common stock. As of March 31, 2026, LICT had 15,318 shares outstanding.<\/p> \n\n| \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nLICT Corporation<\/b><\/p> \nStatements of Operations<\/b><\/p> \n(Unaudited)<\/i><\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nThree Months Ended <\/b><\/p> \nMarch 31,<\/b><\/p><\/td><\/tr>\n\n\n(in thousands, except share data)<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nRevenues<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n35,717<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n34,609<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCost and expenses:<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCost of revenue, excluding depreciation and amort.<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,130<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n17,594<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nGeneral and administrative costs at operations<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,627<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,195<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCorporate office expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,915<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,412<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCharitable contributions<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDepreciation and amortization<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,950<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6,827<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nTotal costs and expenses<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n31,637<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n29,028<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOperating profit<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,080<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,581<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOther income (expense)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nInvestment income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n925<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n784<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nInterest expense<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,334<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,147<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nUnrealized gain\/(loss) on investment<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,212<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n424<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nEquity in earnings of affiliated companies<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u2014<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(66<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nOther<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(15<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nTotal other income (expense)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,636<\/b><\/p><\/td> | \n)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nIncome from operations before income taxes<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,444<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,586<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProvision for income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(616<\/p><\/td> | \n)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1,470<\/p><\/td> | \n)<\/p><\/td><\/tr>\n | \n\nNet income<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n1,828<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n4,116<\/b><\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nBasic and Diluted Weighted-Average Shares<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15,321<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16,095<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nEarnings Per Share<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n119<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n256<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nActual shares outstanding at end of period<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15,318<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16,007<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nHighlights:<\/span><\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCapital expenditures<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n14,133<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n15,485<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nGovernment grants received<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n4,483<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n7,218<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n<\/table>\n\n\nLICT Corporation<\/b><\/p> \nBalance Sheet<\/b><\/p> \n(Unaudited)<\/i><\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\n(in thousands)<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \nMarch 31, 2026<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nDecember 31, 2025<\/b><\/p><\/td><\/tr>\n\n\nAssets:<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCurrent assets:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCash and cash equivalents<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n13,395<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n11,684<\/p><\/td><\/tr>\n | \n\nRestricted cash<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n622<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n668<\/p><\/td><\/tr>\n | \n\nAccounts receivable, less allowances of $129 and $129, respectively<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,154<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,371<\/p><\/td><\/tr>\n | \n\nGrants receivable<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,956<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,340<\/p><\/td><\/tr>\n | \n\nMaterials and supplies<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12,982<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,822<\/p><\/td><\/tr>\n | \n\nPrepaid expenses and other current assets<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5,212<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,517<\/p><\/td><\/tr>\n | \n\nTotal current assets<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n45,321<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n42,402<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProperty, plant, and equipment, net<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n220,242<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n220,013<\/p><\/td><\/tr>\n | \n\nGoodwill<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n50,735<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n50,735<\/p><\/td><\/tr>\n | \n\nOther intangibles<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n33,483<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n33,611<\/p><\/td><\/tr>\n | \n\nInvestments in affiliated companies<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,990<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6,202<\/p><\/td><\/tr>\n | \n\nOther assets<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,702<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,783<\/p><\/td><\/tr>\n | \n\nTotal assets<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n365,473<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n363,746<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nLiabilities:<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nCurrent liabilities:<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nAccounts payable<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n6,050<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n8,951<\/p><\/td><\/tr>\n | \n\nAccrued interest payable<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n483<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n541<\/p><\/td><\/tr>\n | \n\nAccrued liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,544<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,088<\/p><\/td><\/tr>\n | \n\nCurrent maturities of long-term debt<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,731<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7,731<\/p><\/td><\/tr>\n | \n\nTotal current liabilities<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n25,808<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n28,311<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLong-term debt<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n88,203<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n84,223<\/p><\/td><\/tr>\n | \n\nDeferred income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n34,814<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n36,566<\/p><\/td><\/tr>\n | \n\nOther liabilities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9,181<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8,895<\/p><\/td><\/tr>\n | \n\nTotal liabilities<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n158,006<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n157,995<\/b><\/p><\/td><\/tr>\n\n\nTotal shareholders\u2019 equity<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n207,467<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n205,751<\/p><\/td><\/tr>\n | \n\nTotal liabilities and shareholders\u2019 equity<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n365,473<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/b><\/p><\/td> | \n363,746<\/b><\/p><\/td><\/tr>\n<\/table> \nAbout LICT Corporation<\/b><\/p> \nLICT Corporation and Subsidiaries (OTC Pink\u00ae: 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\u2019s 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 <\/b>lictcorp.com<\/b><\/a>.<\/b><\/p>\nCautionary Note Concerning Forward Looking Statements<\/b><\/p> \nThis 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<\/a>. 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.<\/p> Contacts<\/b> \n914-921-8821\nwww.lictcorp.com<\/a>\nJoe Cecin\nChief Operating Officer\n\nStephen J. Moore\nVice President-Finance\n<\/p>","protected":false},"excerpt":{"rendered":"RYE, N.Y.–(BUSINESS WIRE)–LICT Corporation (\u201cLICT\u201d or the \u201cCompany\u201d; OTC Pink\u00ae: LICT), an integrated provider of broadband and voice services, today reported preliminary, unaudited financial results for the first quarter 2026.
\nHIGHLIGHTS<\/p>\n First quart…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25841","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25841"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25841\/revisions"}],"predecessor-version":[{"id":25842,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/25841\/revisions\/25842"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | | | | |