LICT Q1 net income halves on higher costs and unrealized investment losses

LICT

24/06/2026 19:09

Overview
Q1 net income fell 56% due to higher costs and investment losses
EBITDA margin declined slightly as broadband expansion drove higher operating costs
US broadband provider's preliminary Q1 revenue rose 3.2% yr/yr

Outlook
Company expects expanded credit facility to support ongoing broadband build-out initiatives
LICT expects fiber construction contracts to generate revenue exceeding $60 mln from 2026 to early 2029
Company sees broadband expansion and fiber deployment as drivers of future subscriber and revenue growth

Result Drivers
BROADBAND EXPANSION COSTS - Higher operating costs from broadband and network expansion initiatives weighed on EBITDA margin and net income
UNREALIZED INVESTMENT LOSSES - Net income fell due to a $1.2 mln unrealized investment loss versus a gain in the prior-year period
STAFFING AND PROFESSIONAL SERVICES - Increased expenses for expanded staffing and professional services contributed to higher operating costs, especially in regulated operations

Company press release: ID:nBw7ShVFca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$35.72 mln
 
Q1 EPS
 
$119
 
Q1 Net Income
 
$1.83 mln
 
Q1 Capex
 
$14.13 mln
 
Q1 Operating Profit
 
$4.08 mln

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)