Key Highlights

  • LICT served 53,118 broadband connections and operated 8,397 miles of fiber.
  • Second-quarter revenue rose 18.0% to $40.6 million.
  • EBITDA reached $18.2 million, a 44.9% margin, including a middle-mile contribution.
  • The company completed its acquisition of Gunnison Telephone Company on July 1, 2026.

Rural telecom stories are often told through earnings, but the physical network underneath them can say just as much. LICT Corporation, which trades on the OTC Pink market under the symbol LICT, reported in its second-quarter 2026 release that it served 53,118 broadband connections, operated 8,397 miles of fiber and counted 76,860 revenue-generating units, or RGUs, as of quarter-end. An RGU is simply one billable service, such as a broadband or voice line, so a single household can account for more than one.

Revenue Growth and a Fresh Acquisition

In the release dated August 11, 2026, LICT reported preliminary, unaudited second-quarter revenue of $40.6 million, up 18.0% from $34.4 million a year earlier. Operating profit rose to $9.3 million from $5.6 million, and net income reached $6.2 million versus $3.2 million. EBITDA came to $18.2 million, a 44.9% margin, including a $4.7 million contribution from work for a middle-mile fiber provider. On July 1, 2026 the company completed its previously announced acquisition of Gunnison Telephone Company, which falls after the June 30 reporting date.

Growth Supported by Federal Programs

Dividing the 76,860 RGUs by the 53,118 broadband connections suggests about 1.4 billable services per broadband customer. Growth is also being supported by outside funding: management expects $40.4 million of E-ACAM support, a federal rural-network programme, in 2026, and said it had been awarded about $23.2 million in BEAD grants in the first quarter, requiring about $11.6 million of matching funds, with final agreements still pending. Gross second-quarter capital spending was $18.2 million, partly offset by $10.3 million of grants received.

A Footprint Built for Scale

LICT's latest report suggests its earnings rest on a sizable physical and customer footprint rather than on revenue alone. With 8,397 fiber miles, more than 53,000 broadband connections and a recently closed acquisition, the company has scale that could shape how results evolve, though net debt of $82.2 million and reliance on government support programs remain factors to track.