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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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.

CORALVILLE, Iowa--(BUSINESS WIRE)-- #AvianFlu--A new PCR/qPCR solution from IDT will support surveillance and monitoring of the current H5N1 strain of bird flu.

Integrated DNA Technologies Announces New Primers and Probe Set to Identify H5N1 Avian Influenza

May same-store sales increased 4.7% year-over-year NEWARK, N.J., June 07, 2024 (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 May 2024.

NRSInsights' May 2024 Retail Same-Store Sales Report

Its high growth businesses are showing outstanding profitable growth. Shares trade at a large discount to intrinsic value, with further upside likely if one of its high growth businesses is spun off. Meanwhile, management is returning capital to shareholders through dividends and share repurchases.

IDT Corporation: Solid Performance Fueled By Its Growth Businesses

IDT's overall topline benefits from revenue growth in the majority of its segments.

IDT Q3 Earnings Decline Y/Y on Reduced Net Income, Margins Up

IDT Corporation (NYSE:IDT ) Q3 2024 Earnings Conference Call June 5, 2024 5:30 PM ET Company Participants Shmuel Jonas - CEO Marcelo Fischer - CFO Conference Call Participants Operator Good evening, and welcome to the IDT Corporation's Third Quarter Fiscal Year 2024 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the three month period ended April 30, 2024.

IDT Corporation (IDT) Q3 2024 Earnings Call Transcript

NRS: Recurring Revenue * Up 45%; Income from Operations Up 129%, Adjusted EBITDA ** Up 108% net2phone: Subscription Revenue * Up 17%; Income from Operations Up 226%; Adjusted EBITDA Up 107% BOSS Money: Transactions Up 44%; Revenue Up 42% -- Fintech Segment Adjusted EBITDA Turns Positive

IDT Corporation Reports Third Quarter Fiscal Year 2024 Results

Newark, NJ, June 04, 2024 (GLOBE NEWSWIRE) -- BOSS Money , the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced several significant initiatives to expand its popular money transfer service, including remittances within the United States.

BOSS Money Introduces Domestic Money Transfers; Expands Delivery and Payment Options

CORALVILLE, Iowa--(BUSINESS WIRE)-- #AdvancesinSyntheticBiology--IDT's newly expanded U.S. manufacturing site provides a growth runway for manufacturing of synthetic biology products to support growing demand.

Integrated DNA Technologies Invests in New U.S. Synthetic Biology Manufacturing Facility

NEWARK, NJ, May 20, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, has scheduled its report of financial and operational results for the third quarter of its fiscal year 2024 (the three months ended April 30, 2024) on Wednesday, June 5, 2024.

IDT Corporation to Report Third Quarter Fiscal 2024 Results

CORALVILLE, Iowa & HEIDELBERG, Germany--(BUSINESS WIRE)-- #Archer--IDT and Molecular Health have entered into a global multi-year agreement, starting in the U.S., to integrate their NGS capabilities.

Integrated DNA Technologies and Molecular Health Ink Commercial Partnership

Remittances Around Mother's Day Increased by 46%* Over Last Year Newark, NJ, May 15, 2024 (GLOBE NEWSWIRE) -- BOSS Money, the international money remittance service of IDT Corporation (NYSE: IDT), today announced that its customers sent a record number of transfers during the week leading up to Mother's Day, on May 12, 2024. “Mother's Day is always an exciting time for BOSS Money, as we help our customers celebrate their mom and show their love by sending a gift she will appreciate,” said Michelle Rendo, Boss Money's VP of Marketing.

BOSS Money Customers Sent Cash Home to Mom at a Record Rate

April same-store sales increased 2.5% year-over-year Inflationary pressures subsided further - average prices increased just 0.2% year-over-year The NRS network surpassed 30,000 active terminals nationwide NEWARK, N.J., May 07, 2024 (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 April 2024.

NRSInsights' April 2024 Retail Same-Store Sales Report

March same-store sales jumped 7.2% year-over-year, the highest rate of increase since June 2023 Inflationary pressures remained subdued - average prices increased 0.7% year-over-year NEWARK, N.J., April 08, 2024 (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 March 2024.

NRSInsights' March 2024 Retail Same-Store Sales Report

IDT Corporation shows strong organic growth and profitability from its three high-margin, rapidly growing businesses: NRS, BOSS Money, and Net2Phone (N2P). 2Q24 marks a milestone as these businesses achieve self-sustainability, strengthening the balance sheet and enabling efficient resource allocation. Sum-of-the-parts (SOTP) valuation suggests a 17% upside potential, indicating attractive valuation. Thus, I rate it as a 'buy'

IDT Corporation: Strong Fundamentals With An Attractive Valuation

NEWARK, NJ, March 11, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today announced that its management will present to investors at the Sidoti Small Cap Conference on Wednesday, March 13, 2024, from 11:30 AM until 12:00 PM ET in track 1.

IDT Corporation to Present at Sidoti Investor Conference

February same-store sales per calendar day increased 3.5% year-over-year and 7.4% sequentially Retailers in certain Western states recorded the largest year-over-year gains as winter storms triggered stockpiling Average prices increased 1.2% year-over-year NEWARK, N.J., March 08, 2024 (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 February 2024.

NRSInsights' February 2024 Retail Same-Store Sales Report

IDT Corporation (NYSE:IDT ) Q2 2024 Earnings Conference Call March 6, 2024 5:30 PM ET Company Participants Shmuel Jonas - Chief Executive Officer Marcelo Fischer - Chief Financial Officer Conference Call Participants Jason Lustig - J. Goldman & Company Operator Good evening and welcome to IDT Corporation's Second Quarter Fiscal Year 2024 Earnings Call.

IDT Corporation (IDT) Q2 2024 Earnings Call Transcript

GAAP EPS of $0.57 – unchanged YoY; Non-GAAP EPS * increased to $0.67 from $0.62 Cash, cash equivalents, debt securities, and current equity investments totaled $177.6 million Initiates quarterly dividend of $0.05 per share of Common Stock NEWARK, NJ, March 06, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, today reported results for the second quarter of its fiscal year 2024, the three months ended January 31, 2024. HIGHLIGHTS (Throughout this release, unless otherwise noted, results are for the second quarter of fiscal year 2024 (2Q24) and are compared to the second quarter of fiscal year 2023 (2Q23).

IDT Corporation Reports Second Quarter Fiscal Year 2024 Results

NEWARK, NJ, Feb. 29, 2024 (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 second quarter of its fiscal year 2024 (the three months ended January 31, 2024) on Wednesday, March 6, 2024.

IDT Corporation to Report Second Quarter Fiscal 2024 Results

StrataSelect Enhances Resonance of In-Store Retail Media with Hyper-Targeting NEWARK, NJ, Feb. 26, 2024 (GLOBE NEWSWIRE) -- NRS Digital Media, a division of National Retail Solutions (NRS), today launched StrataSelect, an in-store retail digital media planning solution that enables brands to achieve data-driven, value-based, store targeting across more than 28,000 NRS digital screens hosted by an independent retailers nationwide.  Conventional in-store campaign planning treats all stores equally.

NRS Digital Media Launches StrataSelect

Zendit, the Fast Growing Pre-Paid B2B Provisioning Platform, Will Unveil a Comprehensive eSIM Catalog at the Mobile World Congress (MWC) Barcelona

Zendit Extends Global Prepaid Platform with eSIM Initiative

Enables multi-national businesses – whether using net2phone uContact, Microsoft Teams, or legacy platforms - to drop their local landlines by upgrading to a single-channel cloud connectivity solution

net2phone Unveils Global Connect

Same-store sales at NRS retailers during January increased 1.4% compared to January 2023 Compared to December 2023, same-store-sales per calendar day in January decreased 10.0% - reflecting, in part, the seasonal impact of robust holiday sales in December The average prices for the most popular items sold in January increased 0.3% year-over-year NEWARK, N.J., Feb. 07, 2024 (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 January 2024.

NRSInsights' January 2024 Retail Same-Store Sales Report

Same-store sales at NRS retailers during December increased 5.5% compared to December 2022 Compared to November 2023, same-store-sales per calendar day increased 5.3% NEWARK, N.J., Jan. 08, 2024 (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 December 2023 and the three months then ended.

NRSInsights' December 2023 Retail Same-Store Sales Report

Low Fees, Favorable Exchange Rates, and Outstanding Customer Service Provide Foundation for Enduring Growth Newark, NJ, Dec. 29, 2023 (GLOBE NEWSWIRE) -- BOSS Money, the money transfer service of IDT Corporation (NYSE: IDT), today announced that its international money remittance business increased revenue by 56% during the eleven days up to and including Christmas Day 2023 compared to the same period a year earlier. “Throughout 2023, our low fees and favorable exchange rates in combination with the terrific user experience our customers enjoy on the BOSS Money apps and through our retailers helped to drive our growth at rates well above the industry's average,” said Bill Pereira, IDT's Chief Operating Officer.

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