IDT Corp. operates as a holding company. The firm engages in the distribution and market of communications and payment services. It operates through the following segments: Fintech, net2phone-UCaaS and Traditional Communications. The Fintech segment offers money transfer services. The net2phone-UCaaS segment comprises cloud-based PBX services offered to enterprise customers mainly through value-added resellers, service providers, telecom agents and managed service providers, SIP trunking, which supports inbound and outbound domestic and international calling from an IP PBX and cable telephony. The Traditional Communications segment offers includes mobile top-up, BOSS revolution calling, and carrier services as well as smaller communications and payments offerings. The company was founded by Howard S. Jonas in August 1990 and is headquartered in Newark, NJ.

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Earnings data Q1 2025

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IDT reports strong Q1 2023 earnings, eyes growth opportunities

IDT Corporation's Q1 2023 performance reflects strong growth in various segments, with a focus on enhancing existing platforms and exploring new opportunities. Despite challenges in advertising revenue and mobile top-up business, the company's diverse mix of businesses and strategic plans position it for continued success. Analyst questions highlighted growth potential, market share, and future prospects, indicating investor interest in the company's trajectory.

IDT posts robust Q2 results, eyes growth opportunities and challenges

IDT's Q2 2023 earnings call highlighted strong financial results, growth in key segments, and strategic initiatives to drive future performance. The company's focus on operational efficiency, revenue diversification, and market expansion positions it well for sustained growth and profitability.

IDT reports robust Q3 earnings, eyes growth in diverse markets

IDT Corporation delivered strong financial performance in Q3 FY2023, with notable increases in key metrics across its divisions.
The company's diverse business mix, solid balance sheet, and strategic focus on growth underscore its resilience and value proposition.
While facing challenges such as seasonality and revenue fluctuations, IDT is well-positioned to leverage opportunities for future growth and profitability.
By addressing challenges, optimizing operational efficiencies, and capitalizing on market opportunities, IDT aims to drive sustainable value creation for stakeholders.

IDT reports robust Q4 performance, eyes growth through strategic initiatives

IDT's Q4 2023 performance reflects a strong focus on high-margin businesses and strategic investments in growth initiatives.
The company's legal victory and plans for new premium services signal a positive outlook for driving shareholder value.
While challenges like NRS spending and capital allocation post-litigation exist, IDT remains poised to capitalize on growth opportunities.
Navigating competitive landscapes and sustaining momentum in key segments will be crucial for IDT's continued success in the market.

IDT reports robust Q1 earnings driven by high-margin businesses

IDT Corporation's Q1 2024 earnings call highlighted impressive revenue growth, margin improvement, and operational achievements across key business segments. The company's focus on innovation, cost optimization, and shareholder value creation underscores its commitment to sustainable growth. Addressing challenges and capitalizing on opportunities will be crucial for IDT's continued success in the dynamic market landscape.

IDT Corporation excels in Q2 2024, eyes growth opportunities

IDT Corporation's Q2 2024 earnings call highlighted strong financial performance, operational improvements, and strategic initiatives for growth.
The company's focus on efficiency, profitability, and shareholder value enhancement positions it well for future success.
With a growing cash balance, potential acquisitions, stock buybacks, and strategic considerations offer avenues for sustained value creation.

IDT reports strong Q3 results, eyes growth through high-margin businesses

IDT Corporation's Q3 2024 earnings call highlighted robust performance in high-margin businesses, driving improved gross margins and bottom-line results. The company's strategic focus on operational efficiency and growth in key segments positions it well for sustained profitability. Challenges persist in optimizing costs while pursuing growth, but opportunities exist in scaling customer benefits and expanding revenue streams.

IDT reports record Q4 earnings, eyes growth in fiscal 2025

IDT's Q4 2024 earnings call highlighted strong performance across NRS, BOSS Money, and net2phone, with record adjusted EBITDA. The company is poised for growth in fiscal 2025, with a focus on expansion and strategic investments.

IDT Corporation excels in Q1 2025, eyes growth opportunities ahead

IDT Corporation delivered a strong performance in Q1 2025, with notable growth in key subsidiaries and overall financial metrics. While facing challenges in certain segments, the company has opportunities to capitalize on its strengths and address areas of concern to drive future success.

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IDT Corp. operates as a holding company. The firm engages in the distribution and market of communications and payment services. It operates through the following segments: Fintech, National Retail Solutions, Net2phone, Traditional Communications, and Corporate. The Fintech segment is involved in international money remittance and related value transfer services. The National Retail Solutions segment refers to an operator of a nationwide POS network providing independent retailers with store management software, electronic payment processing, and other ancillary merchant services. The Net2phone segment consists of net2phone's cloud communications and contact center offerings. The Traditional Communications segment includes IDT Digital Payments, which enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts, BOSS Revolution Calling, an international long-distance calling service marketed primarily to immigrant communities in the United States and Canada, and IDT Global, a wholesale provider of international voice and SMS termination and outsourced traffic management solutions to telecoms worldwide. The company was founded by Howard S. Jonas in August 1990 and is headquartered in Newark, NJ.

BOSS Money revenue increased 38% to $24.2 million NRS' recurring revenue * increased 25% to $22.4 million net2phone subscription revenue * increased 19% to $18.5 million NEWARK, NJ, Dec. 04, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today reported results for the first quarter of fiscal year 2024, the three months ended October 31, 2023. HIGHLIGHTS (Throughout this release, unless otherwise noted, results are for the first quarter of fiscal year 2024 (1Q24) and are compared to the first quarter of fiscal year 2023 (1Q23).

IDT Corporation Reports First Quarter Fiscal Year 2024 Results

NEWARK, NJ, Nov. 24, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, has scheduled its report of financial and operational results for the first quarter of its fiscal year 2024 (the three months ended October 31, 2023) on Monday, December 4, 2023.

IDT Corporation to Report First Quarter Fiscal 2024 Results

Same-store sales at NRS retailers during October increased 3.2% compared to October 2022 Compared to September 2023, same-store-sales per calendar day decreased 2.1% NEWARK, N.J., Nov. 08, 2023 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative same-store sales results for October 2023.

NRSInsights' October 2023 Retail Same-Store Sales Report

Newark, NJ, Oct. 26, 2023 (GLOBE NEWSWIRE) -- net2phone , a leading provider of intelligent communications-as-a-service for businesses and contact centers, today unveiled its innovative suite of AI-powered solutions, net2phone AI.

net2phone Unveils AI-Powered Solutions for Smarter Business Communications and Deeper Customer Engagement

IDT Corporation (NYSE:IDT ) Q4 2023 Earnings Conference Call October 12, 2023 5:30 PM ET Company Participants Shmuel Jonas - CEO Conference Call Participants Jason Lustig - J. Goldman & Co., L.P.

IDT Corporation (IDT) Q4 2023 Earnings Call Transcript

NRS added a record number of net retail terminals and payment processing accounts during 4Q23 net2phone increased seats served by 21% and subscription revenue by 19% YoY in 4Q23 BOSS Money increased transactions by 42% driving a 36% YoY revenue increase in 4Q23 NEWARK, NJ, Oct. 12, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today reported results for the fourth quarter and full fiscal year 2023, the three and twelve months ended July 31, 2023. HIGHLIGHTS (Throughout this release, unless otherwise noted, results for the fourth quarter of fiscal year 2023 (4Q23) are compared to the fourth quarter of fiscal year 2022 (4Q22) and results for FY2023 are compared to FY2022.

IDT Corporation Reports Fourth Quarter and Fiscal Year 2023 Results

IDT Corporation is a Spin-Off incubator, using cash flows from its core business to develop and take new companies public. In recent days, the stock has risen 25% thanks to a lawsuit that will not proceed and which was a great concern for the market. Despite this rise, a sum-of-the-parts valuation shows us that there are still attractive returns to offer in the long term.

IDT Corporation: It Still Looks Attractive Despite The Big Rise In Recent Days

Same-store sales at NRS retailers during September increased 6.1% compared to September 2022 Compared to August 2023, same-store-sales increased 1.7% NEWARK, N.J., Oct. 09, 2023 (GLOBE NEWSWIRE) -- NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative same-store sales results for September 2023.

NRSInsights' September 2023 Retail Same-Store Sales Report

IDT stock popped after a court dismissed all charges against it in a yearslong class action lawsuit brought on behalf of prior shareholders in former subsidiary Straight Path Communications. The lawsuit alleged the company forced unfair settlement claims between IDT and Straight Path at the time of its sale to Verizon in 2017.

Why IDT Stock Jumped 22% This Week

NEWARK, NJ, Oct. 04, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, has scheduled its report of financial and operational results for the fourth quarter and fiscal year 2023 (the three months and twelve months ended July 31, 2023) on Thursday, October 12, 2023.

IDT Corporation to Report Fourth Quarter and Fiscal 2023 Results

Court dismisses claims against IDT and finds that the Class suffered no damages NEWARK, NJ, Oct. 03, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today commented on the decision by the Court of Chancery of the State of Delaware in a class action on behalf of the former stockholders of the Company's former subsidiary, Straight Path Communications Inc. (“Straight Path”). Straight Path was spun off from IDT in 2013 and, in 2017, was sold to Verizon Communications for $3.1 billion.

IDT Corporation Comments on Favorable Decision by the Delaware Court of Chancery in a Class Action Lawsuit Related to Straight Path Communications Sale to Verizon

Same-store sale s at NRS retailers during August increased 6 .5 % compared to August 2022

NRSInsights' August 2023 Retail Same-Store Sales Report

Same-store sale s at NRS retailers during Ju ly increased 5.5 % compared to Ju ly 2022

NRSInsights' July 2023 Retail Same-Store Sales Report

IDT Corporation has a substantial upside when valued as a sum of the parts story. The growth segment of the company, including BOSS Money, Net2Phone, and National Retail Solutions, has shown explosive growth and potential. The pending class action lawsuit against IDT by shareholders of Straight Path Communications is a major overhang on the stock.

IDT Corporation: Extreme Pessimism Priced In

Customers Sending Money to Nigeria Can Now Choose Direct Deposit in Naira or in U . S . Dollars   at Nigeria's Leading Banks

BOSS Money Launches Naira Currency Payout Option for Remittances to Nigeria

Same-store sale s at NRS retailers during June increased 7. 7 % compared to June 2022

NRSInsights' June 2023 Retail Same-Store Sales Report

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NEWARK, NJ, June 19, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, announced today that members of its management team will participate in the 13th Annual East Coast IDEAS Investor Conference.

IDT Corporation to Participate in East Coast IDEAS Virtual Investor Conference

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IDT Corporation's 3Q23 results showed a decline in NRS EBITDA due to a significant drop in advertising revenue, causing a negative market reaction. Net2Phone's 3 consecutive quarters of positive EBITDA demonstrate self-sustainability, while BOSS Money reports growth in transaction volume. The long-term outlook on IDT remains positive, with potential for shareholder compensation if NRS and BOSS Money generate positive EBITDA and spin-off market conditions improve.

IDT Corporation: A Decent Q3 2023 Earnings, Positive Long-Term Outlook But Volatility Likely

IDT Corporation (NYSE:IDT) has reported a decrease in third-quarter 2023 earnings but a big rise in earnings as it cut costs and grew its three high-growth, high-margin businesses.  The global provider of communications and payment services posted revenue of $299 million for the quarter ended April 30, 2023, down 9% from 3Q 2022, while direct cost of revenue fell 15% to $210 million.

IDT Corp reports doubling in 3Q earnings as it focuses on high-margin operations

IDT Corporation (NYSE:IDT ) Q3 2023 Earnings Conference Call June 5, 2023 5:30 PM ET Company Participants Samuel Jonas - CEO Marcelo Fischer - CFO Conference Call Participants David Polansky - Immersion Investments Adam Wilk - Greystone Capital Operator Good evening, and welcome to the IDT Corporation's Third Quarter Fiscal Year 2023 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the 3-month period ended April 30, 2023.

IDT Corporation (IDT) Q3 2023 Earnings Call Transcript

EPS increases to $0.27 per share on revenue of $299 million NEWARK, NJ, June 05, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today reported results for the third quarter of its fiscal year 2023, the three months ended April 30, 2023. HIGHLIGHTS (Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 202 3 ( 3 Q2 3 ) are compared to the third quarter of fiscal year 2 02 2 ( 3 Q2 2 ).

IDT Corporation Reports Third Quarter Fiscal Year 2023 Results

Same-store sale s at NRS retailers during May increased 7.1 % compared to May 2022

NRSInsights' May 2023 Retail Same-Store Sales Report

NEWARK, NJ, May 24, 2023 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, has scheduled its report of financial and operational results for the third quarter of its fiscal year 2023 (the three months ended April 30, 2023) on Monday, June 5, 2023.

News for IDT Stock (IDT)