Asia Broadband Board Approves Additional $18 Million for Stock Repurchases, Bringing Authorized Total Repurchases Up to $30 Million
Asia Broadband's board approved an additional $18 million for stock repurchases, bringing the total authorized buyback program to $30 million, funded from company cash reserves. Approximately $11.9 million had already been repurchased through June 30, 2026 under the program that began in Q1 2025. The announcement follows record third-quarter production revenues of $9.3 million and year-to-date revenues of $24.2 million under new CEO Timothy Gomez, who took over October 2, 2026.
Key figures
- Deal Value Usd
- $30 million total authorized repurchases
- Ytd production revenue
- $24.2 million
- Additional authorization
- $18 million
- Q3 2026 production revenue
- $9.3 million
- Prior repurchases through q2 2026
- $11.9 million
AI analysis
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