Key Highlights

● Second-quarter Revenue was $40.6 million, up 18.0% from a year earlier.

● Net income was $6.2 million, up from $3.2 million.

● Total broadband connections reached 53,118, up 4.2% since December 31, 2025.

● LICT completed its Gunnison Telephone Company Acquisition on July 1, 2026.

LICT Corporation (OTC:LICT), a rural telecommunications and broadband operator, reported a sharp rise in second-quarter 2026 Earnings on August 11, with revenue up 18.0% and Net Income nearly doubling. The company is also known for its very high per-share price, which makes the stock unusual among telecom names.

Latest Company Context

According to the preliminary, unaudited second-quarter release dated August 11, 2026, revenue was $40.6 million, compared with $34.4 million in the second quarter of 2025. Non-regulated revenue rose 29.9% to $25.0 million, while regulated revenue was $15.6 million versus $15.1 million. Operating profit was $9.3 million, up from $5.6 million, and net income was $6.2 million, up from $3.2 million.

EBITDA, a non-GAAP measure, was $18.2 million, compared with $13.5 million, lifting the Margin to 44.9% from 39.2%. For the six months ended June 30, 2026, revenue was $76.3 million versus $69.0 million, and net income was $8.0 million versus $7.3 million. The company reported net Debt of $82.2 million, or 1.5 times trailing twelve-month EBITDA.

Key Business and index Drivers

A notable driver was a $4.7 million EBITDA contribution from work for a middle-mile fiber provider, which suggests part of the quarter's improvement came from project-based activity that may not recur at the same level. Broadband remains the structural story: total broadband connections reached 53,118, up 4.2% since December 31, 2025. The company completed its acquisition of the Gunnison Telephone Company on July 1, 2026.

Investment is heavy. Gross capital expenditures in the second quarter were $18.2 million, partly offset by $10.3 million in grant proceeds received. LICT trades on the OTC Markets rather than a major exchange. Delayed quote data showed a close of $12,000 per share on October 29, 2026, within a 52-week range of $9,800 to $14,500, with very thin Volume of 13 shares that day.

What Investors Should Watch

The company's third-quarter 2025 results were released in December 2025, so a third-quarter 2026 report might arrive later this year or early in the next. Investors may watch whether non-regulated revenue growth continues once the middle-mile project contribution fades, how quickly broadband connections grow, and whether grant funding continues to offset capital spending.

Other items may include integration of Gunnison, Leverage trends and the pace of fiber construction. Liquidity is a consideration too: thin trading in a stock priced above $10,000 may lead to wide swings on small volumes.

Strong Quarter, One-Off Help

LICT's second-quarter report showed confirmed gains in revenue, operating profit and EBITDA, helped by a one-off style project contribution alongside steady broadband expansion. The next reported quarter may show how much of that strength is repeatable.