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].

NEWARK, NJ, June 09, 2025 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a provider of fintech and communications solutions, will present at the East Coast IDEAS Investor Conference on Thursday, June 12, 2025 at the Westin Times Square in New York. Marcelo Fisher, Chief Financial Officer, will provide an overview of IDT’s operations, strategy, and financial results beginning at 3:30 PM Eastern time. Mr. Fischer will also host one-on-one investor meetings throughout the day. The IDT presentation will be we ...

May same-store sales increased 4.9% year-over-year* NEWARK, N.J., June 09, 2025 (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 retail same-store sales results for May 2025. As of May 31, 2025, the NRS retail network comprised approximately 36,000 active terminals nationwide, scanning purchases at approximately 31,300 independent retailers inc ...

IDT Corporation (NYSE:IDT) Q3 2025 Earnings Conference Call June 5, 2025 5:00 PM ET Company Participants Bill Ulrey - Vice President of Investor Relations & External Affairs Marcelo Fischer - Chief Financial Officer Samuel Jonas - Chief Executive Officer Conference Call Participants Alexander Rohr - Unidentified Company William Vaughan - Unidentified Company Operator Good evening. Welcome to the IDT Corporation's Third Quarter Fiscal 2025 Earnings Conference Call. [Operator Instructions] Please note, this c ...

Financial Data and Key Metrics Changes - IDT reported a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated adjusted EBITDA, and a 290% increase in EPS [6] - Gross profit increased 15% year-over-year, with a gross profit margin reaching a record high of 37.1% [12][13] - Cash and cash equivalents increased to $224 million from $171 million at the end of the previous quarter [19] Business Line Data and Key Metrics Changes - NRS saw a 23% year-over-year increase in recurring revenue, driven by a 37% increase in merchant services revenue and a 32% increase in SaaS fees [6] - The fintech segment, including Boss Money, generated over $5 million in adjusted EBITDA compared to $244,000 in the same quarter last year [8] - Traditional communications segment income from operations and adjusted EBITDA both increased over 30% year-over-year [9] Market Data and Key Metrics Changes - Subscription revenue for Netafone increased 7% to $21.5 million, with a higher constant currency increase of 11% [18] - Digital remittance transactions through Boss Money constituted over 80% of total remittances, with a 27% increase in transactions and a 25% increase in revenue [7][16] - Advertising and data revenue decreased by 12% year-over-year, largely due to a strategic decision to limit sales to a major client [14] Company Strategy and Development Direction - The company is focusing on developing new offerings that leverage the NRS platform to help independent retailers compete with larger chains [7] - IDT is pursuing next-generation growth initiatives while maintaining operational efficiency in its existing segments [10] - The company is exploring acquisitions but emphasizes the importance of paying the right price to extract value [37] Management's Comments on Operating Environment and Future Outlook - Management noted that the third quarter was slightly softer than the second quarter due to seasonal factors, but overall performance was strong [11] - The company remains optimistic about future growth, particularly in the fintech and SaaS segments, despite some challenges in the advertising revenue [12][14] - Management confirmed guidance for the full fiscal year, expecting to double the adjusted EBITDA from the first half [21] Other Important Information - The company has been actively repurchasing shares and is considering further capital allocation strategies based on acquisition opportunities [40][42] - IDT has implemented AI agents in its Netafone segment, which are already showing benefits in efficiency [9] Q&A Session Summary Question: Insights on NRS growth and sales strategy - Management indicated that increased efforts in sales and onboarding new retailers contributed to strong revenue despite fewer terminal additions [26][28] Question: AI agent customer demographics - Most customers for the AI agent are existing Netafone customers, with plans to expand to new clients in the future [30] Question: Future acquisitions and technology integration - Management confirmed ongoing interest in acquisitions and highlighted the recent acquisition of a restaurant technology company [38] Question: Stock repurchase strategy - Management stated that stock repurchases are made with excess cash, not borrowed funds, and will continue based on market conditions [43] Question: Advertising revenue outlook post-partner reduction - Management noted that while a significant partner was reduced, other advertising relationships are growing, and they expect to fill the gap [62] Question: Future EBITDA margins for NetSuite phone - Management expressed uncertainty about future margins but indicated that new initiatives could lead to substantial improvements over time [66] Question: Investment in customer acquisition for Boss Money - Management acknowledged the potential for increased investment in customer acquisition to capture market share from legacy players [70]

Financial Data and Key Metrics Changes - The company reported a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated adjusted EBITDA, and a 290% increase in EPS [4] - Gross profit increased 15% year-over-year, with a gross profit margin reaching a record high of 37.1% [11][12] - Adjusted EBITDA margins reached 15% in the third quarter [7] Business Line Data and Key Metrics Changes - At NRS, recurring revenue increased 23% year-over-year, driven by a 37% revenue increase from merchant services and a 32.3% increase in SaaS fees, despite a 12% decrease in advertising and data revenue [4] - The fintech segment, including Boss Money, generated over $5 million in adjusted EBITDA compared to $244,000 in the year-ago quarter [6] - Traditional communications segment income from operations and adjusted EBITDA both jumped over 30% year-over-year [8] Market Data and Key Metrics Changes - Subscription revenue increased 7% to $21.5 million in the quarter, with a higher constant currency increase of 11% [16] - The remittance platform, Boss Money, saw a 27% increase in transactions and a 25% increase in revenue [5] Company Strategy and Development Direction - The company is focusing on developing new offerings that leverage the NRS platform to help retailers compete with larger chains, particularly in online ordering and delivery [5] - The company is pursuing next-generation growth initiatives and is in the budgeting process for fiscal 2026 [9][19] - The company is exploring acquisitions but emphasizes the importance of paying the right price to extract value [29][33] Management's Comments on Operating Environment and Future Outlook - Management noted that the third quarter was slightly softer than the second quarter due to expected seasonal factors, but they remain pleased with overall performance [10] - The company expects to meet its adjusted EBITDA goal of $126 million for the full year [19] - Management expressed confidence in the long-term profitability of traditional communications as a cash generator [17] Other Important Information - The company set up a bad debt expense provision of $1.4 million related to amounts due from a client [13] - The company repurchased $6 million of employee-owned shares to satisfy tax obligations triggered by vesting [18] Q&A Session Summary Question: Insights on NRS growth and sales strategy - Management indicated that increased efforts in bringing new and existing retailers onto the merchant processing platform contributed to strong numbers this quarter [22] Question: Details on AI agent customer base - Most customers for the AI agent are existing NetSuite phone customers, with plans to expand to new customers in the future [24] Question: Future M&A activity - Management confirmed they are looking at acquisitions but will only pursue those that offer good value [29] Question: Impact of reduced advertising revenue from a partner - Management noted that while a significant partner's contribution has decreased, other advertising revenues have been growing nicely, and they are close to covering the decline [50][51] Question: Future EBITDA margins for NetSuite phone - Management expressed uncertainty but indicated that new initiatives could lead to substantial margin improvements over time [54] Question: Investment in customer acquisition for Boss Money - Management acknowledged the potential for increased investment in customer acquisition to capture market share from legacy players [57]

Financial Performance - Gross profit increased by 15% year-over-year to $112 million, achieving a record gross profit margin of 37.1%[1] - Income from operations rose by 133% to $27 million, while adjusted EBITDA increased by 57% to $32 million[1] - GAAP EPS increased to $0.86 from $0.22, and non-GAAP EPS increased to $0.90 from $0.38[1] - Total revenue for 3Q25 was $210.2 million, a decrease of 5.2% compared to $221.7 million in 3Q24[24] - Gross profit for 3Q25 was $43.4 million, reflecting a year-over-year increase of 5.3% and a gross profit margin of 20.7%, up 210 basis points from 18.6% in 3Q24[24] - Income from operations rose significantly by 39.2% to $17.3 million in 3Q25 compared to $12.5 million in 3Q24[24] - Adjusted EBITDA for 3Q25 was $19.3 million, a 30.1% increase from $14.9 million in 3Q24[24] - Net income for the nine months ended April 30, 2025, was $63,657,000, compared to $30,572,000 for the same period in 2024, representing a growth of 108%[42] - Net income attributable to IDT Corporation for 3Q25 was $21.7 million, a significant increase from $5.6 million in 3Q24, representing a growth of 287.5%[59] - Non-GAAP net income for 3Q25 was $22.7 million, up from $9.7 million in 3Q24, marking an increase of 134.0%[59] Revenue Segments - Recurring revenue for the National Retail Solutions (NRS) segment grew by 23% to $29.4 million, driven by a 37% increase in Merchant Services revenue[2] - BOSS Money transactions increased by 27% to 6.0 million, with revenue rising by 25% to $34.4 million[2] - Traditional Communications segment's income from operations increased by 39% to $17.3 million, and adjusted EBITDA rose by 30% to $19.3 million[2] - IDT Digital Payments revenue increased by 1.0% year-over-year to $102.6 million, while BOSS Revolution revenue decreased by 18.1% to $51.7 million[24] - NRS' recurring revenue for 3Q25 was $29.4 million, reflecting a growth rate of 23% compared to the previous year[60] - Total revenue for NRS in 3Q25 was $31.1 million, up from $25.7 million in 3Q24, representing a year-over-year increase of 21.1%[60] Cash Flow and Assets - Net cash provided by operating activities was $75.7 million in 3Q25, a substantial increase from $9.5 million in 3Q24[26] - As of April 30, 2025, IDT held $223.8 million in cash and cash equivalents, with total current assets of $498.3 million and current liabilities of $287.2 million[25] - Cash, cash equivalents, and restricted cash at the end of the period totaled $323,077,000, up from $232,845,000, marking a 39% increase[42] - Net cash provided by operating activities increased to $96,059,000 from $52,778,000 year-over-year, reflecting an increase of 82%[42] Capital Expenditures and Dividends - Capital expenditures increased to $5.4 million in 3Q25 from $4.7 million in 3Q24[27] - Capital expenditures for the nine months were $15,507,000, up from $13,621,000, indicating a 14% increase[42] - The company approved a quarterly dividend of $0.06 per share, to be paid on June 18, 2025[29] - Dividends paid increased to $4,036,000 from $1,269,000, showing a significant rise of 218%[42] Operational Metrics - Active POS terminals increased by 17.6% year-over-year to 35,600, and payment processing accounts rose by 31.1% to 25,500[12] - Digital channel send volume for BOSS Money grew by 40% year-over-year, indicating a shift towards larger send amounts per transaction[19] - The Adjusted EBITDA margin for net2phone was 26% in 3Q25, indicating strong profitability relative to sales[60] - The company's income from operations for 3Q25 was $26.6 million, compared to $28.3 million in 2Q25, reflecting a decrease of 6.0%[59] Performance Evaluation - The company's Adjusted EBITDA and Non-GAAP EPS metrics are used to provide insights into core operational strengths and performance relative to competitors[46] - The 'Rule of 40' score for the NRS segment is utilized to assess the balance between revenue growth and profitability, indicating a healthy combination for long-term success[53] - The Rule of 40 score for NRS in 3Q25 was 49%, indicating a healthy balance of growth and profitability[60] - BOSS Money's digital send volume is a key metric for evaluating operational performance in the remittance business[66] - The digital send volume reflects the aggregate amount of principal remitted by customers using BOSS Money and BOSS Revolutions apps[66] - This metric allows for performance comparison against competitors in the remittance business[66] - BOSS Money's digital channel performance can be assessed over different temporal periods using this metric[66] Stock-Based Compensation - Stock-based compensation recognized was $2,720,000 for the nine months, down from $5,375,000, reflecting a decrease of 49%[42]

Core Insights - IDT Corporation reported strong financial results for the third quarter of fiscal year 2025, with significant year-over-year increases in gross profit, income from operations, and earnings per share [1][4][30]. Financial Performance - Gross profit increased by 15% year-over-year to $112 million, achieving a record gross profit margin of 37.1% [1][3]. - Income from operations rose by 133% to $27 million, while adjusted EBITDA increased by 57% to $32 million [1][3]. - GAAP EPS increased to $0.86 from $0.22, and non-GAAP EPS rose to $0.90 from $0.38 [1][3]. Segment Performance National Retail Solutions (NRS) - Recurring revenue grew by 23% to $29.4 million, driven by a 37% increase in Merchant Services revenue and a 33% rise in SaaS fees [2][5]. - Income from operations and adjusted EBITDA both increased by 29% year-over-year [2][5]. BOSS Money / Fintech Segment - BOSS Money transactions increased by 27% to 6 million, with revenue rising by 25% to $34.4 million [2][7]. - The fintech segment's gross profit grew by 31% to $22.6 million, and income from operations reached $4.3 million [2][7]. net2phone - Subscription revenue increased by 7% to $21.5 million, with income from operations surging by 188% to $1.4 million [3][26]. - Adjusted EBITDA for net2phone rose by 50% to $3.2 million [3][26]. Traditional Communications - Gross profit increased by 5% to $43.4 million, with income from operations rising by 39% to $17.3 million [3][9]. - Adjusted EBITDA for this segment grew by 30% to $19.3 million [3][9]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $75.7 million in 3Q25, compared to $9.5 million in 3Q24 [30]. - Capital expenditures increased by 14% to $5.4 million [3][31]. Future Outlook - The company is focusing on developing new offerings to enhance the competitiveness of independent retailers against larger chains [6]. - BOSS Money is working on initiatives to drive long-term growth and reduce cross-border transaction friction [7].

NEWARK, NJ, May 30, 2025 (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 fiscal year 2025 (the three months ended April 30, 2025) on Thursday, June 5, 2025. IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and-media) at approximately 4:15 PM Eastern. IDT will host ...

I first wrote about IDT Corporation (NYSE: IDT ) in August 2023 when the price was roughly $24 a share. As I am writing this the stock is at $58.21 - a return of 142% over 21 months. On a personal note, IDT remains myJonquil Capital is a private investor, investment analyst, and writer from Smyrna, Georgia - the Jonquil city.Hopefully, by putting some words down in a page I can clarify my own thoughts on investment ideas and inspire worthwhile discussion and debate about the merits of these investments. I'v ...