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Core Insights - NRSInsights reported a 3.5% year-over-year increase in same-store sales for June 2025, following a 4.9% increase in May 2025 [5][11] - The NRS retail network includes approximately 36,600 active terminals across 31,700 independent retailers, primarily serving urban consumers [2][15] - The three-month rolling average of same-store sales increased by 4.6% compared to the same period last year, marking the highest growth in the past 12 months [11] Sales Performance - Same-store sales remained unchanged from May 2025, which had a 3.8% increase compared to April 2025 [6] - Units sold increased by 3.0% year-over-year, with a 0.7% increase compared to May 2025 [6] - Average prices for the top 500 items purchased rose by 2.7% year-over-year, a slight decrease from the 2.9% increase in May 2025 [6] Transaction Data - The number of baskets (transactions) per store was unchanged year-over-year, but increased by 0.6% compared to May 2025 [6] - NRS processed $2.1 billion in sales during June 2025, representing a 15% year-over-year increase across 140 million transactions [15] Market Trends - Categories such as modern oral nicotine, energy drinks, prepared cocktails, and chocolate showed significant growth, with chocolate alone increasing by 8% year-over-year [12] - Some traditionally seasonal categories, like sports drinks and frozen novelties, experienced growth compared to the previous month but declined compared to June 2024 [12] Comparative Analysis - Over the past twelve months, the U.S. Commerce Department's Advance Monthly Retail Trade data outpaced NRS's three-month moving average same-store sales by an average of 0.1% [9] - The NRSInsights data is based on approximately 220 million transactions processed through 22,600 stores for June 2025 comparisons [13]

Investor Presentation NYSE: IDT Third Quarter Fiscal 2025 June 2025 ForwýrĀ-Looking Stýtāmānts All statements in this presentation that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment ...

IDT Corporation FY Conference Summary Company Overview - IDT Corporation is a global provider of fintech, cloud communications, and traditional communication solutions with a market cap of $1.5 billion, recently increased to approximately $1.6 billion, reflecting an 80% growth over the past year [1][4] - The company operates under four segments: national retail, BOSS money, net to phone, and traditional communications [1] Financial Performance - IDT is profitable with a solid balance sheet, holding $224 million in cash and no debt, allowing for strategic flexibility [2][5] - The company increased its dividend payout by 20% and repurchased $16 million worth of shares over the last twelve months [2] - For the third quarter of fiscal year 2025, IDT generated $120.4 million in adjusted EBITDA, with expectations to reach at least $126 million for the full fiscal year [30][31] Key Business Segments National Retail Solutions (NRS) - NRS operates the largest point of sale (POS) platform for independent retailers in the U.S., with 35,600 active terminals across approximately 31,000 stores [7][8] - The addressable market for NRS is estimated at 200,000 independent stores, indicating an 82% market opportunity remaining [9] - Recurring revenue for NRS increased 23% year-over-year to $29.4 million, with a 70% compound annual growth rate (CAGR) [11] - NRS's adjusted EBITDA for Q3 was $7.2 million, with an EBITDA margin of 23% [17] BOSS Money - BOSS Money is IDT's international money remittance business, generating over 90% of the fintech segment's revenue [18] - Digital transaction volume increased by 32% in Q3, while send volume rose by 40% [21] - Digital revenue for BOSS Money grew 31% to $24.5 million in Q3, with an annualized growth rate of 27% [21] - The fintech segment turned adjusted EBITDA positive last year, generating over $5 million in Q3 with a 13% margin [23] Net2Phone - Net2Phone provides cloud-based communication services, serving 415,000 seats across North and South America [25] - Subscription revenue increased by 7%, with adjusted EBITDA jumping 50% year-over-year to $3.2 million [26] - The company is focusing on migrating customers to premium plans and AI-powered features to drive growth [26] Traditional Communications Segment - This segment generated $867 million in revenue over the trailing twelve months, accounting for 71% of IDT's consolidated revenue [28] - Despite a revenue decrease of 5%, adjusted EBITDA increased by 30% to $19.3 million due to cost reductions and pricing execution [29] Strategic Initiatives and Future Outlook - IDT is exploring acquisition opportunities primarily in high-growth segments like NRS and BOSS Money, aiming to enhance scale and operational efficiencies [35][38] - The company is leveraging AI technology to improve customer service and operational efficiency across its segments [41][42] - Management is cautious about regulatory changes and cybersecurity risks, which could impact business operations [47] Conclusion - IDT Corporation is positioned for continued growth with a strong balance sheet, a diversified portfolio of high-margin businesses, and a strategic focus on leveraging technology and acquisitions to enhance its market position [31][35]

Core Viewpoint - IDT Corporation reported strong financial performance for the third quarter of fiscal 2025, with significant increases in revenues, gross profit, and earnings per share, outperforming the S&P 500 index during the same period [1][2][3]. Financial Performance Summary - Consolidated revenues increased by 0.8% year over year to $301.9 million from $299.6 million [2] - Gross profit rose by 15.4% to $111.9 million from $97 million, resulting in a gross margin increase of 470 basis points to a record 37.1% [2] - Income from operations surged by 132.6% to $26.6 million from $11.4 million, while adjusted EBITDA increased by 57% to $32.2 million from $20.6 million [2] Earnings Per Share - GAAP earnings per share (EPS) climbed by 290.9% to $0.86 from $0.22, and adjusted EPS surged by 136.8% to $0.90 from $0.38 [3] Segment Performance - National Retail Solutions (NRS) revenues increased by 21.1% to $31.1 million from $25.7 million [3] - Fintech revenues advanced by 22.5% to $38.6 million from $31.5 million [3] - net2phone revenues grew by 6.4% to $21.9 million from $20.7 million [3] - Traditional Communications segment saw a revenue decline of 5.2% to $210.2 million from $221.7 million [3] NRS Segment Insights - Recurring revenue at NRS rose by 22.9% to $29.4 million from $24 million, driven by a 37.3% increase in Merchant Services and a 32.8% gain in SaaS fees [4] - Advertising and Data revenue declined by 12.3% due to risk-mitigation steps related to a large programmatic partner [4] - NRS ended the quarter with 35,600 active POS terminals, up 17.6% from the previous year [4] Fintech Segment Insights - In the Fintech segment, transactions rose by 27% to $6 million from $4.7 million, with revenues growing by 24.7% to $34.4 million from $27.6 million [5] - Digital channel growth outpaced retail, with a 32% increase in transactions and a 40% surge in digital send volume [5] net2phone Performance - Subscription revenue for net2phone increased by 7.4% to $21.5 million from $20 million [6] - Income from operations rose by 188% to $1.4 million from $0.5 million [6] Traditional Communications Insights - Despite a revenue decline, gross profit increased by 5.3% to $43.4 million from $41.2 million [7] - Income from operations grew by 39.2% to $17.3 million from $12.5 million [7] Key Business Metrics - The gross margin of 37.1% was a record high, reflecting strong product mix and operational efficiencies [8] - Operating cash flow for the quarter was $75.7 million compared to $9.5 million in the year-ago period [8] Management Commentary - CEO Shmuel Jonas characterized the quarter as "solid," emphasizing broad-based bottom-line growth [9] - Management highlighted product innovation efforts at NRS and the potential of new AI-powered offerings in net2phone [10][11] Factors Influencing Performance - Growth in recurring revenue streams and expanding customer bases drove strong top-line and profitability gains [12] - Cost discipline was a key theme in net2phone and Traditional Communications, contributing to significant margin expansion [13] Guidance and Developments - Management reiterated its full-year fiscal 2025 guidance, aiming to double first-half adjusted EBITDA to reach $126 million [14] - IDT executed share repurchases and acquired a small technology company named Lucci [15] - A quarterly dividend of $0.06 per share was declared, payable on June 18, 2025 [16]

Revenue Growth - For the three months ended April 30, 2025, National Retail Solutions (NRS) generated total revenues of $31.1 million, a 21.1% increase from $25.7 million in the same period of 2024[130]. - NRS's recurring revenue for the three months ended April 30, 2025, was $29.4 million, reflecting a 22.9% growth compared to $24.0 million in the prior year[130]. - BOSS Money revenues increased by 24.7% to $34.4 million in Q3 2025 compared to Q3 2024, and by 32.2% to $101.6 million in the nine months ended April 30, 2025 compared to the same period in 2024[137]. - Revenues from IDT Digital Payments increased by 1.0% to $102.6 million for the three months ended April 30, 2025, and by 2.7% to $309.3 million for the nine months ended April 30, 2025 compared to the same periods in fiscal 2024[149]. - BOSS Revolution revenues decreased by 18.1% to $51.7 million for the three months ended April 30, 2025, and by 19.5% to $161.9 million for the nine months ended April 30, 2025 compared to the same periods in fiscal 2024[149]. - IDT Global revenues remained unchanged at $50.1 million for the three months ended April 30, 2025, and increased by 1.9% to $153.7 million for the nine months ended April 30, 2025 compared to the same periods in fiscal 2024[149]. Profitability - Gross profit for NRS in the three months ended April 30, 2025, was $28.4 million, a 28.4% increase from $22.1 million in the same period of 2024[130]. - Gross profit for the company rose by 30.6% to $22.6 million in Q3 2025, and by 36.6% to $65.8 million in the nine months ended April 30, 2025[137]. - Income from operations for NRS increased to $6.2 million in the three months ended April 30, 2025, a 29.3% increase from $4.8 million in the same period of 2024[130]. - Income from operations increased by 39.2% to $17.3 million for the three months ended April 30, 2025, and by 20.2% to $51.1 million for the nine months ended April 30, 2025 compared to the same periods in fiscal 2024[149]. - The company reported a gross margin percentage of 58.5% in Q3 2025, an increase from 54.9% in Q3 2024[137]. - The gross margin percentage improved to 20.7% for the three months ended April 30, 2025, compared to 18.6% for the same period in fiscal 2024, and to 19.9% for the nine months ended April 30, 2025, compared to 18.7% for the same period in fiscal 2024[149]. Expenses - Selling, general and administrative expenses for NRS increased to 64.2% of revenue in the three months ended April 30, 2025, compared to 60.9% in the same period of 2024[134]. - Selling, general and administrative expenses decreased as a percentage of revenue to 41.5% in Q3 2025 from 48.4% in Q3 2024, and to 43.0% from 50.8% in the nine months ended April 30, 2025 compared to 2024[139]. - net2phone's selling, general and administrative expenses decreased to 59.1% of revenues in Q3 2025 from 63.1% in Q3 2024[144]. - Technology and development expenses rose due to increased employee compensation and depreciation, impacting overall operational costs[135]. - Technology and development expenses decreased in the BOSS Money segment due to lower employee compensation expenses[140]. - Technology and development expenses decreased by 4.3% to $5.4 million for the three months ended April 30, 2025, and by 7.7% to $16.2 million for the nine months ended April 30, 2025 compared to the same periods in fiscal 2024[155]. Cash Flow and Capital Management - Cash flow from operations increased to $96.1 million for the nine months ended April 30, 2025, compared to $52.7 million in the same period of 2024[173]. - Total cash, cash equivalents, debt securities, and current equity investments amounted to $223.8 million as of April 30, 2025[170]. - Capital expenditures for the nine months ended April 30, 2025, were $15.5 million, with anticipated total capital expenditures for the next twelve months projected between $18 million and $21 million[180]. - The company paid aggregate cash dividends of $4.0 million in the nine months ended April 30, 2025, compared to $1.3 million in the same period of 2024[183]. - The company expects cash flow from operations and current investments to meet anticipated working capital and capital expenditure requirements for the next twelve months[169]. - The company has a contractual obligation total of $20.8 million, with $7.1 million due within one year[171]. Shareholder Actions - The company repurchased 221,823 shares of Class B common stock for $10.1 million in the nine months ended April 30, 2025, compared to 204,107 shares for $5.7 million in the same period of 2024[189]. - IDT Telecom repurchased shares to satisfy tax withholding obligations, paying $7.7 million for 157,180 shares in the nine months ended April 30, 2025[190]. - The company has 4.2 million shares remaining available for repurchase under the stock repurchase program as of April 30, 2025[189]. - Cash received from the exercise of stock options was $0.2 million for 12,500 shares in the nine months ended April 30, 2024, with no stock option exercises in 2025[188]. Debt and Financing - IDT Telecom entered into a credit agreement for a revolving credit facility of up to $25.0 million, with no amounts outstanding as of April 30, 2025[185]. - In the nine months ended April 30, 2025, IDT Telecom borrowed and repaid an aggregate of $24.6 million under the credit facility, compared to $32.9 million in the same period of 2024[185]. - IDT Telecom is in compliance with all covenants related to the revolving credit facility as of April 30, 2025[186]. Customer and Market Insights - Active POS terminals increased to 35.6 thousand, up 18% from 30.3 thousand in the same period last year[132]. - Payment processing accounts rose to 25.5 thousand, marking a 31% increase from 19.5 thousand in the previous year[132]. - Revenues from international operations accounted for 21% of consolidated revenues in the three months ended April 30, 2025, down from 22% in the same period of 2024[193]. - The Fintech segment contributed 12.8% of total revenues in the three months ended April 30, 2025, up from 10.5% in the same period of 2024[136]. - Traditional Communications segment accounted for 69.6% of total revenues in Q3 2025, down from 74.0% in Q3 2024, indicating a shift in revenue composition[147]. Net Income - Net income for the three months ended April 30, 2025, was $23.0 million, a 262.1% increase from $6.4 million in the same period of 2024[165]. - For the nine months ended April 30, 2025, net income was $63.6 million, up 108.2% from $30.5 million in 2024[165].

Company Overview - IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions, operating through a portfolio of synergistic businesses [4] - Key business segments include National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution, IDT Global, and IDT Express, each offering unique services in retail, remittances, cloud communications, and international messaging [4] Upcoming Event - IDT will present at the East Coast IDEAS Investor Conference on June 12, 2025, at the Westin Times Square in New York [1] - CFO Marcelo Fisher will provide an overview of IDT's operations, strategy, and financial results starting at 3:30 PM Eastern time, along with hosting one-on-one investor meetings throughout the day [1] Webcast Information - The presentation will be available via webcast on the conference host's main website [2]

Core Insights - NRSInsights reported a 4.9% year-over-year increase in same-store sales for May 2025, marking an acceleration from the 4.3% increase in April 2025, indicating strong retail performance [6][12] - The NRS retail network consists of approximately 36,000 active terminals across 31,300 independent retailers, primarily serving urban consumers [2][17] - The dollar-weighted average price for the top 500 items purchased increased by 2.9% year-over-year, up from 2.3% in April 2025, reflecting rising inflation in consumer goods [7][12] Sales Performance - Same-store sales increased by 3.8% compared to April 2025 and 3.3% for the three months ending May 31, 2025, compared to the same period last year [6][15] - Units sold rose by 3.6% year-over-year, with a 2.1% increase compared to April 2025 [6][15] - The number of baskets (transactions) increased by 0.9% year-over-year and 3.1% compared to the previous month [6][15] Market Trends - Prepared cocktails and wine-based cocktails showed significant dollar growth, indicating a consumer shift towards convenient and flavorful alcoholic beverages [13] - The snacking category, particularly chocolate, demonstrated resilience and growth despite market challenges, while performance shakes continued to gain popularity due to changing consumer behaviors [13] Comparative Data - Over the past twelve months, the NRS network's three-month moving average same-store sales have outperformed the U.S. Commerce Department's data by an average of 0.1% [10] - In April 2025, the U.S. Commerce Department's three-month rolling average increase exceeded that of the NRS network by 1.8% [10] Transaction Data - In May 2025, NRS' POS terminals processed $2.1 billion in sales, representing an 18% year-over-year increase across 143 million transactions [17]

Core Viewpoint - IDT Corporation is set to discuss its financial and operational results for the third quarter of fiscal 2025 during the earnings conference call [1][3]. Group 1: Company Overview - The conference call is hosted by IDT's Vice President of Investor Relations, Bill Ulrey, and features remarks from CEO Shmuel Jonas and CFO Marcelo Fischer [1][3]. - The financial results being discussed pertain to the three-month period ending April 30, 2025 [3]. Group 2: Financial Metrics - Management may reference non-GAAP measures such as adjusted EBITDA, non-GAAP net income, and non-GAAP earnings per share during the presentation [5].