logo
Unusual Machines to Exhibit at AUVSI XPONENTIAL 2025 in Houston, Showcasing U.S.-Made FPV Motors and Blue UAS Framework-Approved Components

Unusual Machines to Exhibit at AUVSI XPONENTIAL 2025 in Houston, Showcasing U.S.-Made FPV Motors and Blue UAS Framework-Approved Components

Miami Herald14-05-2025
ORLANDO, FLORIDA / ACCESS Newswire / May 14, 2025 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a leading U.S. manufacturer of drone components, today announced it will exhibit at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, taking place May 20-22, 2025, at the George R. Brown Convention Center in Houston, Texas.
Unusual Machines will host a booth on the expo floor, where the Company will feature its new U.S.-made FPV motors and its growing portfolio of Blue UAS Framework-approved drone components. These offerings underscore Unusual Machines' commitment to delivering high-performance, NDAA-compliant drone technology for defense, commercial, and public safety applications.
Attendees are invited to visit the booth for product demonstrations and to meet with representatives from Unusual Machines. The Company will be actively engaging with integrators, OEMs, and procurement professionals throughout the event and will be ready to take orders on-site.
To schedule an appointment during the show, please contact us at investors@unusualmachines.com.
About Unusual Machines
Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, including Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot e-commerce store. With a changing regulatory environment and rising demand for U.S.-compliant drone technology, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing, multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032.
For more information, please visit www.unusualmachines.com.
Contact:
CS Investor Relations917-633-8980investors@unusualmachines.com
SOURCE: Unusual Machines, Inc.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NETSCOUT Releases 2025 Environmental, Social, and Governance Report
NETSCOUT Releases 2025 Environmental, Social, and Governance Report

Business Wire

time17 minutes ago

  • Business Wire

NETSCOUT Releases 2025 Environmental, Social, and Governance Report

WESTFORD, Mass.--(BUSINESS WIRE)-- NETSCOUT ® SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of observability, AIOps, cybersecurity, and DDoS attack protection solutions, today announced the publication of its FY2025 Environmental, Social, and Governance (ESG) Report. The report highlights NETSCOUT's progress against its four ESG pillars, including sustainability, lean but not mean company philosophy, community impact, and strengthening cybersecurity and compliance. NETSCOUT's strong governance is the foundation of the ESG program and reflects the company ethos of transparency, responsibility and a relentless drive towards making meaningful impacts. 'Our commitment to our employees, customers, shareholders, communities and the progress of our industry has been guided by a clear vision: to align our efforts with our corporate strategy in the service of long-term value creation,' said Jeff Levinson, Senior Vice President, General Counsel and Chief ESG Officer at NETSCOUT. 'Our sustainability accomplishments were significant and benefit our customers through sustainability by design innovations to reduce their energy consumption and operational costs.' The 2025 ESG Report includes voluntary disclosures of measurements aligned with relevant sector standards from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) framework. NETSCOUT's Environmental, Social, and Governance Report: Shares the near-term science-based emissions reduction targets for Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions validated by the Science Based Targets initiative (SBTi), as well as metrics and trends. Demonstrates progress across each of NETSCOUT's four ESG focus areas and continued improvement against its ESG Maturity Model. Provides additional transparency into governance, including ESG oversight, corporate governance, and risk management. Celebrates 5,340 volunteer hours logged in support of over 300 non-profit organizations across the globe to make a positive difference in our local communities. Confirms reductions in greenhouse gas emissions and continued development of our measurement and assessment processes and tools. To learn more about NETSCOUT's commitment to ESG, the ESG maturity Model, and to review the complete ESG Report, visit NETSCOUT ESG, Sustainability, and Corporate Social Responsibility. About NETSCOUT NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance and availability disruptions through its unique visibility platform and solutions powered by its pioneering deep packet inspection at scale technology. NETSCOUT serves the world's largest enterprises, service providers, and public sector organizations. Learn more at or follow @NETSCOUT on LinkedIn, X, or Facebook. ©2025 NETSCOUT SYSTEMS, INC. All rights reserved. Third-party trademarks mentioned are the property of their respective owners.

PennyMac Mortgage Investment Trust Declares Third Quarter 2025 Dividends for Its Preferred Shares
PennyMac Mortgage Investment Trust Declares Third Quarter 2025 Dividends for Its Preferred Shares

Business Wire

time17 minutes ago

  • Business Wire

PennyMac Mortgage Investment Trust Declares Third Quarter 2025 Dividends for Its Preferred Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the third quarter of 2025 on its 8.125% Series A Preferred Shares (NYSE: PMT PRA), its 8.000% Series B Preferred Shares (NYSE: PMT PRB) and its 6.750% Series C Preferred Shares (NYSE: PMT PRC). In accordance with the terms for each preferred series, the dividend information is as follows: *As September 1, 2025 falls on a federal holiday, the effective record date for these dividends will be Friday, August 29, 2025 About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, PennyMac Mortgage Investment Trust's (the 'Company') financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like 'believe,' 'expect,' 'anticipate,' 'promise,' 'plan,' and other expressions or words of similar meanings, as well as future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: changes in interest rates; the Company's ability to comply with various federal, state and local laws and regulations that govern its business; volatility in the Company's industry, the debt or equity markets, the general economy or the real estate finance and real estate markets; events or circumstances which undermine confidence in the financial and housing markets or otherwise have a broad impact on financial and housing markets; changes in real estate values, housing prices and housing sales; changes in macroeconomic, consumer and real estate market conditions; the degree and nature of the Company's competition; the availability of, and level of competition for, attractive risk-adjusted investment opportunities in mortgage loans and mortgage-related assets that satisfy the Company's investment objectives; the inherent difficulty in winning bids to acquire mortgage loans, and the Company's success in doing so; the concentration of credit risks to which the Company is exposed; the Company's dependence on and potential conflicts with its manager, servicer and their affiliates; the Company's ability to mitigate cybersecurity risks, cybersecurity incidents and technology disruptions; the development of artificial intelligence; the availability, terms and deployment of short term and long term capital; the adequacy of the Company's cash reserves and working capital; the Company's ability to maintain the desired relationship between its financing and the interest rates and maturities of its assets; the timing and amount of cash flows, if any, from the Company's investments; the Company's substantial amount of indebtedness; the performance, financial condition and liquidity of borrowers; the Company's exposure to risks of loss and disruptions in operations resulting from severe weather events, man-made or other natural conditions, including climate change and pandemics; the ability of the Company's servicer, which also provides the Company with fulfillment services, to approve and monitor correspondent sellers and underwrite loans to investor standards; incomplete or inaccurate information or documentation provided by customers or counterparties, or adverse changes in the financial condition of the Company's customers and counterparties; the Company's indemnification and repurchase obligations in connection with mortgage loans it purchases, sells or securitizes; the quality and enforceability of the collateral documentation evidencing the Company's ownership and rights in the assets in which it invests; increased rates of delinquency, defaults and forbearances and/or decreased recovery rates on the Company's investments; the performance of mortgage loans underlying mortgage-backed securities in which the Company retains credit risk; the Company's ability to foreclose on its investments in a timely manner or at all; increased prepayments of the mortgages and other loans underlying the Company's mortgage-backed securities or relating to the Company's mortgage servicing rights and other investments; risks associated with the discontinuation of LIBOR; the degree to which the Company's hedging strategies may or may not protect it from interest rate volatility; the effect of the accuracy of or changes in the estimates the Company makes about uncertainties, contingencies and asset and liability valuations when measuring and reporting upon the Company's financial condition and results of operations; the Company's ability to maintain appropriate internal control over financial reporting; the Company's ability to detect misconduct and fraud; 9 developments in the secondary markets for the Company's mortgage loan products; legislative and regulatory changes that impact the mortgage loan industry or housing market; regulatory or other changes that impact government agencies or government-sponsored entities, or such changes that increase the cost of doing business with such agencies or entities; federal and state mortgage regulations and enforcement; changes in government support of homeownership; changes in government or government-sponsored home affordability programs; changes in the Company's investment objectives or investment or operational strategies, including any new lines of business or new products and services that may subject it to additional risks; limitations imposed on the Company's business and its ability to satisfy complex rules for it to qualify as a REIT for U.S. federal income tax purposes and qualify for an exclusion from the Investment Company Act of 1940 and the ability of the Company's subsidiaries to qualify as REITs or as taxable REIT subsidiaries for U.S. federal income tax purposes; changes in governmental regulations, accounting treatment, tax rates and similar matters; the Company's ability to make distributions to its shareholders in the future; the Company's failure to deal appropriately with issues that may give rise to reputational risk; and the Company's organizational structure and certain requirements in its charter documents. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.

LICT CORPORATION REPORTS Solid Second Quarter 2025
LICT CORPORATION REPORTS Solid Second Quarter 2025

Business Wire

time17 minutes ago

  • Business Wire

LICT CORPORATION REPORTS Solid Second Quarter 2025

RYE, N.Y.--(BUSINESS WIRE)--LICT Corporation ('LICT' or the 'Company'; OTC Pink ®: LICT), an integrated provider of broadband and voice services, today announced its financial results for the quarter ended June 30, 2025, and also welcomed Joe Cecin as Chief Operating Officer. Joe is an engineering graduate of the U.S. Military Academy at West Point, has earned an MBA from Stanford University and brings over 30 years of telecommunications industry experience spanning operations, infrastructure development, and leadership in private equity-backed businesses. Shareholder Designated Charitable Contribution Program In 2016, the Company established the Shareholder Designated Charitable Contribution Program. Under this initiative, all registered shareholders were eligible to designate a qualified 501(c)(3) charitable organization, and the Company made contributions of $100 per share on their behalf. From 2016 through 2024, LICT donated more than $10 million to shareholder-designated charities nationwide, reflecting the generosity of our shareholder base and the Company's ongoing commitment to social responsibility. Pending Board of Director approval, the program will continue with a $100 per share shareholder designated charitable contribution, commencing December 2025. LICT believes that charitable giving is a fundamental obligation for those with the means to make a meaningful impact. By empowering shareholders to direct contributions to causes they value, the program has extended LICT's commitment to community engagement and philanthropy. Revenues Second Quarter 2025 Total revenues were $34.4 million in the second quarter of 2025 compared with $33.7 million in the second quarter of 2024. Non-regulated revenues were $19.2 million, 56% of total revenues, compared with $18.8 million in the second quarter of 2024. The increase was primarily due to higher sales of broadband services and high-speed data circuits, mostly in Utah, Kansas and California. Regulated revenues were $15.2 million, representing an increase of $0.3 million, or 2.0%, compared to $14.9 million in the second quarter of 2024. Second quarter 2025 results also include regulated revenues from Manti Telephone Company (MTC), which was acquired on January 1, 2025; MTC contributed $0.9 million in regulated revenue this quarter. This acquisition supports our continued strategic expansion in rural markets. This was offset by reductions in voice service revenues consistent with broader industry trends. Additionally, interstate access revenues declined due to a drop in special access circuits which have been replaced with lower cost broadband services. Six Months ended June 30, 2025 Total revenues were $69.0 million for the six months ended June 30, 2025 compared with $67.2 million for the six months ended June 30, 2024. Non-regulated revenues were $38.6 million for the six months ended June 30, 2025 compared with $37.2 million for the six months ended June 30, 2024, an increase of $1.4 million, or 3.8%, driven by higher sales of broadband services and high-speed data circuits while at the same time encountering increased competition and pricing pressures in our expansion markets. Regulated revenues were $30.4 million for the six months ended June 30, 2025, compared with $29.9 million for the six months ended June 30, 2024. These results also include regulated revenues of $1.7 million from the Manti Telephone Company (MTC), which was acquired on January 1, 2025. This was offset by reductions in voice service revenues consistent with broader industry trends. Additionally, interstate access revenues declined due to a drop in special access circuits which have been replaced with lower cost broadband services. EBITDA Second Quarter 2025 EBITDA for the second quarter of 2025 was $13.5 million compared to $14.2 million for the same period in 2024, representing a decrease of $0.7 million, or 4.9%. The year-over- year decline primarily reflects higher operating expenses, particularly in labor, professional services, and maintenance activities supporting our ongoing network expansion. Importantly, as a greater number of capital expenditure projects transition from planning to execution in the second half of the year, a larger portion of labor and professional services expenses is expected to be capitalized. This shift is anticipated to reduce the impact of these costs on operating expenses going forward, supporting improved EBITDA margins in future periods. Non-regulated EBITDA for the second quarter of 2025 was $7.1 million, unchanged from the same period in 2024. Regulated EBITDA for the second quarter of 2025 was $6.4 million, compared to $7.2 million in the same period of 2024, reflecting a decrease of $0.8 million, or 11.1%. The decline was primarily driven by lower regulated revenues due to mandated pricing adjustments and by higher operating expenses. Six Months Ended June 30, 2025 EBITDA for the six months ended June 30, 2025 was $27.3 million, compared to $28.9 million for the same period in 2024, representing a decrease of $1.6 million, or 5.5%. The decline in EBITDA is consistent with the increase in operating costs, particularly higher personnel-related and professional service expenses tied to operational expansion. Although revenue growth in certain markets provided a partial offset, the net impact of these cost pressures resulted in a modest decline in EBITDA, which, along with higher depreciation and amortization expense, contributed to the overall decrease in net income. Non-regulated EBITDA for the first six months of 2025 was $14.4 million, compared to $14.4 million in the first six months 2024. Regulated EBITDA for the first six months of 2025 was $12.9 million, compared to $14.5 million in the same period of 2024, reflecting a decrease of $1.6 million, or 11.0%. The decline was primarily driven by increased operating costs, including higher expenses for expanded staffing and professional services related to our operational expansion, as well as elevated repair and maintenance activity in the Company's New Mexico and Utah operations. The following table is a reconciliation of EBITDA to Operating profit from operations: Net income and Earnings per Share Second Quarter 2025 Net income for the second quarter of 2025 was $3.2 million, or $198 per share, compared to $4.9 million, or $293 per share, for the same period in 2024. The $1.7 million, or 34.7%, year-over-year decrease in net income was primarily driven by higher operating and non- operating expenses. Total costs and expenses increased by $2.3 million, largely due to a $1.1 million rise in cost of revenue, which reflected expanded staffing, increased use of professional services, and higher repair and maintenance activity, particularly in the Company's New Mexico and Utah operations. Depreciation expense also increased by $0.6 million, driven by recent investments in network infrastructure. Six Months Ended June 30, 2025 Net income for the six months ended June 30, 2025 was $7.3 million, or $453 per share, compared to $9.9 million, or $586 per share, for the same period in 2024. The $2.6 million, or 26.3%, decrease in net income was primarily driven by a $5.2 million increase in total costs and expenses. This increase was largely due to a $2.6 million rise in cost of revenue— reflecting expanded staffing, professional services, and increased repair and maintenance activity in the Company's New Mexico and Utah operations—as well as a $1.4 million increase in depreciation and amortization expense associated with recent infrastructure investments. These higher operating and non-cash expenses were partially offset by a $1.8 million increase in revenue, driven by continued growth in broadband services in the Utah and Kansas markets. Leadership Additions Strengthen Operational and Strategic Capabilities During the quarter, LICT materially strengthened its leadership team. Joe Cecin joined LICT as Chief Operating Officer to support the company's continued network and geographical expansion and the execution of its long-term strategy. Additionally, Christopher Nossokoff joined us to support and accelerate our interest in non-organic growth. With a background in finance, accounting, and transaction due diligence—including roles at LGL Group and PricewaterhouseCoopers—Mr. Nossokoff enhances LICT's ability to evaluate strategic opportunities and support disciplined capital deployment. These appointments further bolster LICT's management team as the company continues to scale its broadband footprint and pursue long-term value creation. Tax Reform Bill Enlarges LICT's Cash Flow On July 4, 2025, the new tax bill was signed into law, delivering several key tax reforms with positive implications for LICT's financial position, notably 100% bonus depreciation, changes in R&D expensing and interest deductions. The legislation reinstates 100% bonus depreciation for qualified property placed in service after January 19, 2025. This provision is expected to meaningfully reduce near-term cash tax obligations and enhance after-tax returns on our broadband infrastructure investments, mostly through the capital expenditures planned through 2028. While we are still evaluating the full financial statement impact of these provisions, the enactment of the new tax bill strengthens LICT's ability to invest in network expansion, manage capital efficiently, and deliver long-term value to our shareholders. In addition, the continuation of lower corporate tax rates under the Act supports stronger after-tax cash flow, further enhancing our financial flexibility. Government Programs & Funding Update: Momentum Accelerates for Rural Broadband Expansion LICT continues to benefit from federal and regulatory momentum supporting rural broadband deployment. Recent developments across the Universal Service Fund (USF) and the Broadband Equity, Access, and Deployment (BEAD) program are removing barriers, streamlining funding mechanisms, and creating new opportunities for providers like us to expand high-quality, cost-effective service across our footprint. U.S. Supreme Court Decision on Universal Service Fund On June 27, 2025, the U.S. Supreme Court issued a decisive 6–3 ruling in FCC v. Consumers' Research, affirming the constitutionality of the USF under Section 254 of the Telecommunications Act. This long-awaited clarity secures the foundation for key programs, including High-Cost and Enhanced ACAM, providing uninterrupted support for rural broadband initiatives. For LICT, the decision directly supports our long-term capital plans and commitment to deliver at least 100/20 Mbps service in our RLEC territory. The plan calls for 50% of locations completed by December 31, 2026 and 100% by December 31, 2028. The ruling also reaffirmed the FCC's oversight of USF contributions and fund allocation, bringing regulatory consistency that allows rural carriers, like LICT, to invest. A newly reactivated bipartisan USF Working Group in Congress is driving efforts to modernize the contribution system and broaden the funding base—efforts we actively support through our leadership in USTelecom and WTA - Advocates for Rural Broadband (formerly known as Western Telecommunications Alliance). Broadband Equity, Access, and Deployment ("BEAD") Program We're encouraged by the recent 'Benefit of the Bargain' reforms to the BEAD program, which represent a welcome shift toward greater practicality and provider participation. These updates eliminate several non-statutory requirements—such as labor mandates, climate reporting, and net neutrality rules—that previously increased complexity and risk for rural projects. The revised framework also introduces a simplified Low-Cost Service Option ("LCSO") to ease compliance for low-income offerings, and a streamlined environmental review process aimed at achieving two-week NEPA approvals. Most importantly, the new rules emphasize lowest-cost, performance-sufficient solutions, providing greater flexibility for providers like LICT to leverage technologies such as fixed wireless, often the most efficient and economical option for reaching remote areas. With these improvements in place, we are actively re-engaging in BEAD applications. Together with the strengthened USF platform, these updates enhance our ability to expand affordable, high-speed broadband in underserved areas—delivering lasting value to our customers and our communities. Government Grants and Capital Expenditures Enhanced Alternative Connect America Cost Model ("E-ACAM") Program LICT's voluntary participation in the E-ACAM program became effective on January 1, 2024. The program aims to accelerate broadband deployment and improve speeds in rural areas across the U.S. Under this initiative, LICT entities will receive a total of $37.2 million annually through 2038, subject to a one-time true-up determination by the FCC by December 31, 2025. Reconnect III and Reconnect IV As previously announced, LICT has been awarded $157.5 million for seven United States Department of Agriculture ("USDA") ReConnect III and ReConnect IV grants awarded in Kansas, California and New Mexico with a total project cost of $171.2 million, of which our share of cost will be approximately $13.7 million. These grants require us to provide 1 Gig of fiber broadband speed. Fiber construction is already underway for the Kansas grant and the New Mexico ReConnect projects. The five remaining grants—three in New Mexico and two in California—have also secured environmental clearance and are currently in the pre-construction phase, pending commencement of build-out activities. Strategic Initiatives The Company continues to implement strategic measures aimed at lowering the cost structure of its capital investment programs. By leveraging fixed wireless solutions and alternative access technologies, the Company is focused on achieving more capital-efficient network deployments while maintaining service quality and coverage targets. FIXED WIRELESS/5G — Under the leadership of Dylan Larmore, Sound Broadband LLC, the wireless subsidiary of LICT Corporation, has completed several 5G deployments in its existing markets and is expanding into new regions, including New Mexico, California, Kansas, and Utah. The company is currently identifying sites in California, Iowa and Kansas for new expansion markets, with the plan to deliver the highest speeds at the best possible cost to customers. Sound Broadband remains committed to bridging the digital divide and delivering next-generation connectivity across diverse sectors and underserved regions, both in our existing operations as well as outside of our historical territories. Operating Statistics / Broadband Deployment LICT owns and operates 7,483 miles of fiber optic cable, 8,945 miles of copper cable, 847 miles of coaxial cable, 103 towers and 301 spectrum licenses (1,216 million MHZPoP). The table below provides a comparative summary of the Company's subscriber and line metrics as of June 30, 2025, versus December 31, 2024. Liquidity and Balance Sheet Highlights Liquidity In October 2024, the Company enhanced its financial flexibility by securing a $100 million five-year term revolving credit facility with CoBank. As of June 30, 2025, the Company had drawn $53.8 million under this facility, with an average interest rate of 6.4%. As previously disclosed, in August 2024, the Company entered into an $11 million credit facility with First Central State Bank ("FCSB") to support construction of its Iowa NOFA 6 project. The project was successfully completed in March 2025, and on March 31, 2025, the Company received $7.2 million in grant funding from the State of Iowa. The FCSB facility was fully repaid in early May 2025. As of June 30, 2025, the Company's net debt balance was $67.7 million, compared to $57.1 million as of December 31, 2024. The Company maintains sufficient liquidity under its $100 million credit facility, allowing it to balance strategic investments, acquisitions, and return of capital to shareholders. Capital Expenditures In the second quarter of 2025, capital expenditures totaled $17.6 million, up from $11.8 million in the second quarter of 2024. Spending this quarter was primarily directed toward the continued build-out of E-ACAM broadband infrastructure and early-phase ReConnect III and IV initiatives. The Company also allocated capital to fixed wireless and 5G network expansion under the direction of its Sound Broadband subsidiary. Capital investments remain integral to achieving regulatory commitments and expanding high-speed broadband services across LICT's rural markets. Share Repurchase Program For the three months ended June 30, 2025, the Company repurchased 275 shares of its common stock for a total of $3.5 million. For the six months ended June 30, 2025, the Company repurchased 441 shares of its common stock, totaling $6.1 million. On July 1, 2025, the Company's Board of Directors authorized the repurchase of an additional 250 shares, reflecting the Company's continued commitment to enhancing long-term shareholder value. As of June 30, 2025, LICT had 15,732 shares outstanding. About LICT Corporation LICT Corporation (OTC Pink ®: LICT) is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business. LICT has operations in California, Kansas, Iowa, New Mexico, Oregon, Utah, and Wisconsin. Additionally, the company holds investments in wireless spectrum, MachTen Inc., Aureon Network Services, CVIN LLC, and the Kansas Fiber Network. Cautionary Note Concerning Forward Looking Statements This 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, 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.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store