LICT Q2 revenue rises 18%, net income nearly doubles on middle-mile fiber project
LICT•Outlook and funding
The company expects E-ACAM support to rise to $40.4 million in 2026, then decline in 2027.
It anticipates BEAD-funded broadband construction over the next two to five years.
LICT is in talks to expand its credit facility to support capital spending programs.
Key reported figures
| Metric | Actual |
|---|---|
| Q2 Revenue | $40.60 million |
| Q2 Net Income | $6.16 million |
| Q2 Operating Profit | $9.32 million |
Preliminary Q2 results
US broadband provider's preliminary Q2 revenue rose 18% year over year to $40.6 million.
Preliminary net income nearly doubled, driven by the middle-mile fiber project and government support.
Growth drivers and acquisition
Work for a middle-mile fiber provider contributed $4.7 million to Q2 EBITDA and $3.5 million to net income.
Increased FCC E-ACAM program support boosted Q2 net income by .
