April same-store sales increased 4.3% year-over-year* NEWARK, N.J., May 07, 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 April 2025. As of April 30, 2025, the NRS retail network comprised approximately 35,600 active terminals nationwide, scanning purchases at approximately 31,000 independent retailer ...

Newark, NJ, May 01, 2025 (GLOBE NEWSWIRE) -- BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced promotional $0-fee international money transfers for new and existing customers on Mother’s Day. “BOSS Money has removed money transfer fees for Mother’s Day to make celebrating Moms everywhere easy and economical,” said Michelle Rendo, VP Marketing for BOSS Money. “Mother’s Day is a celebration of connection, love, and appreciation that transcends borders. A transfer on ...

March same-store sales increased 2.3% year-over-year* NEWARK, N.J., April 07, 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 March 2025. As of March 31, 2025, the NRS retail network comprised approximately 35,200 active terminals nationwide, scanning purchases at approximately 30,700 independent retail ...

March same-store sales increased 2.3% year-over-year* NEWARK, N.J., April 07, 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 March 2025. As of March 31, 2025, the NRS retail network comprised approximately 35,200 active terminals nationwide, scanning purchases at approximately 30,700 independent retail ...

Savings Pass, along with BOSS Unlimited and Bundles of Minutes monthly calling plans, offer spectacular savings no matter where you call or how long you talk NEWARK, NJ, April 03, 2025 (GLOBE NEWSWIRE) -- BOSS Revolution, the popular provider of affordable long distance calling to friends and family around the world powered by IDT Corporation (NYSE: IDT), has introduced Savings Pass - a monthly membership calling plan. “Just as the big box discount stores offer big savings to their club members, BOSS Revol ...

NEWARK, NJ, March 18, 2025 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, will present at the Sidoti Virtual Investor Conference that will be held on March 19th and 20th, 2025. Marcelo Fisher, Chief Financial Officer, will present at 10:45 AM Eastern time on Wednesday, March 19th. His presentation will provide an overview of IDT’s operations, strategy, and financial results. Mr. Fischer will also host one-on-one ...

Group 1 - IDT's NRS and BOSS Money businesses are experiencing strong revenue growth exceeding 30% while maintaining impressive profitability [1] - The intrinsic value of IDT shares is estimated to be $70, an increase from a previous valuation of $65 [1] - The analysis focuses on undercovered companies, particularly in sectors such as technology, software, electronics, and energy transition [1] Group 2 - The author has over 7 years of personal investment experience and has developed a watchlist of more than 50 companies [1] - The analysis aims to identify asymmetric investment opportunities to achieve market-beating returns [1]

Revenue Growth - For the three months ended January 31, 2025, National Retail Solutions (NRS) generated total revenues of $33.0 million, a 30.7% increase from $25.2 million in the same period of 2024[126]. - Recurring revenue for NRS increased to $31.6 million, up 32.3% from $23.9 million year-over-year for the three months ended January 31, 2025[126]. - BOSS Money revenues increased by 33.8% to $33.5 million in Q1 2025 from $25.0 million in Q1 2024, and by 36.4% to $67.2 million in the first half of 2025 from $49.3 million in the same period of 2024[131]. - Total revenues for the company rose by 31.6% to $36.8 million in Q1 2025 compared to $28.0 million in Q1 2024, and by 35.5% to $73.9 million in the first half of 2025 from $54.6 million in the same period of 2024[131]. - Revenues from IDT Digital Payments increased by 1.9% to $101.6 million in Q1 2025 compared to $99.6 million in Q1 2024, and by 3.5% to $206.7 million in the first half of 2025 compared to $199.7 million in the first half of 2024[145][147]. - IDT Global revenues increased by 5.2% to $51.3 million in Q1 2025 compared to $48.7 million in Q1 2024, and by 2.9% to $103.7 million in the first half of 2025 compared to $100.8 million in the first half of 2024[145][149]. Operational Performance - Income from operations for NRS rose to $9.1 million, a 70.6% increase from $5.3 million in the same quarter of 2024[126]. - Income from operations surged by 520.7% to $3.1 million in Q1 2025 from a loss of $0.7 million in Q1 2024, and by 398.8% to $6.3 million in the first half of 2025 from a loss of $2.1 million in the same period of 2024[137]. - Income from operations increased to $28.3 million for the three months ended January 31, 2025, up 76.8% from $16.0 million in the same period of 2024[163]. - Net income attributable to IDT Corporation rose to $20.3 million for the three months ended January 31, 2025, a 40.5% increase from $14.4 million in the prior year[163]. Expenses - Selling, general and administrative expenses for NRS increased to $19.0 million for the three months ended January 31, 2025, compared to $15.3 million in the same period of 2024, reflecting higher sales commissions and employee compensation[128]. - Selling, general and administrative expenses as a percentage of revenue decreased to 44.2% in Q1 2025 from 51.2% in Q1 2024, and to 43.8% from 52.2% in the first half of 2025 compared to the same period in 2024[134]. - Selling, general and administrative expenses decreased by 9.3% to $19.4 million in Q1 2025 compared to $21.4 million in Q1 2024, and by 6.1% to $39.4 million in the first half of 2025 compared to $42.0 million in the first half of 2024[145][151]. - Technology and development expenses increased to $2.2 million for the three months ended January 31, 2025, primarily due to higher employee compensation and depreciation[129]. - Technology and development expenses decreased by 9.2% to $5.4 million in Q1 2025 compared to $5.9 million in Q1 2024, and by 9.3% to $10.9 million in the first half of 2025 compared to $12.0 million in the first half of 2024[145][152]. Financial Position - Cash, cash equivalents, debt securities, and current equity investments totaled $171.1 million as of January 31, 2025, with working capital of $183.9 million[168]. - Customer funds deposits liabilities increased to $104.7 million at January 31, 2025, up from $91.9 million at July 31, 2024[174]. - Gross trade accounts receivable rose to $52.4 million at January 31, 2025, compared to $48.6 million at July 31, 2024[172]. - Deferred revenue decreased to $28.4 million at January 31, 2025, down from $30.4 million at July 31, 2024[173]. - The company expects cash flow from operations and current investments to meet anticipated working capital and capital expenditure requirements for the next twelve months[167]. Shareholder Actions - The company paid aggregate cash dividends of $2.5 million in the six months ended January 31, 2025, with a quarterly cash dividend increase to $0.06 per share from $0.05 per share announced in March 2025[181]. - The company repurchased 217,052 shares of Class B common stock for $9.9 million in the six months ended January 31, 2025, compared to 135,261 shares for $3.2 million in the same period of 2024[186]. - The company repurchased 32,022 shares for $1.5 million to satisfy employees' tax withholding obligations in the six months ended January 31, 2025[187]. - A total of 4.2 million shares remain available for repurchase under the stock repurchase program as of January 31, 2025[186]. Debt and Credit Facilities - IDT Telecom entered into a credit agreement for a revolving credit facility of up to $25.0 million, with no amounts outstanding as of January 31, 2025[183]. - In the six months ended January 31, 2025, IDT Telecom borrowed and repaid an aggregate of $24.5 million under the credit facility, compared to $30.6 million in the same period of 2024[183]. - The company paid a quarterly unused commitment fee of 10 basis points on the average daily balance of the unused portion of the credit facility[183]. - IDT Telecom was in compliance with all covenants of the credit facility as of January 31, 2025[183]. Segment Performance - The Fintech segment represented 12.1% of total revenues for the three months ended January 31, 2025, compared to 9.4% in the same period of 2024[130]. - The net2phone segment represented 7.1% of total revenues in Q1 2025, up from 6.9% in Q1 2024, and 7.0% in the first half of 2025, compared to 6.8% in the same period of 2024[136]. - Traditional Communications segment accounted for 69.9% of total revenues in Q1 2025, down from 75.2% in Q1 2024, and 70.6% in the first half of 2025, compared to 75.9% in the same period of 2024[143]. - The number of seats served by net2phone increased by 9% to 410 in January 2025 from 375 in January 2024[137]. Other Financial Metrics - Direct cost of revenues decreased to $(2.7) million for the three months ended January 31, 2025, compared to $(2.7) million in the same period of 2024, primarily due to lower costs associated with NRS' POS terminal sales[127]. - Gross profit for NRS increased to $30.3 million, a 34.7% increase from $22.5 million in the same quarter of 2024[126]. - Gross profit increased by 2.0% to $43.1 million in Q1 2025 compared to $42.3 million in Q1 2024, and decreased slightly by 0.5% to $84.5 million in the first half of 2025 compared to $84.9 million in the first half of 2024[145].

Shares of IDT Corporation (IDT) have gained 5.4% since the company reported its earnings for the quarter ended Jan. 31, 2025. This compares to the S&P 500 Index’s 4% loss over the same time frame. Over the past month, the stock gained 2.8% against the S&P 500’s 7.5% decline.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Strong Revenue and Earnings GrowthIDT delivered solid financial results for the second quarter of fiscal 2025, with revenue increasing 2.4% year over year to $303.3 m ...

IDT (IDT) Q2 2025 Earnings Call March 07, 2025 02:32 AM ET Company Participants Bill Ulrey - VP - IR & External AffairsSamuel Jonas - CEOMarcelo Fischer - CFOWilliam Vaughan - Associate Partner & Wealth Advisor Conference Call Participants None - Analyst Operator Good evening, and welcome to the IDT Corporation's Second Quarter Fiscal Year twenty twenty five Earnings Call. During management's remarks, all participants will be in listen only mode. I'll now turn the call over to Bill Ulrey of IDT Investor Rel ...