Core Insights - IDT global has entered into a Preferred Partner Agreement with Natcom, Haiti's leading telecommunications provider, to manage international long-distance traffic and protect against revenue leakage [1][2][3] - The partnership aims to develop and launch new international voice offerings for Natcom's customers and IDT's BOSS Revolution Calling service users in the US [2][3] Company Overview - IDT global provides high-quality, secure, and scalable voice and A2P SMS solutions, leveraging its global IP network [5] - IDT Corporation operates a portfolio of businesses including fintech and communications solutions, with services such as BOSS Money for international remittances and net2phone for cloud communications [6] Natcom Overview - Natcom is recognized as Haiti's leading telecommunications provider, offering a comprehensive range of mobile, broadband, and fixed-line services [4]

Core Insights - BOSS Money has expanded its remittance services to include Venezuela, Brazil, and Eritrea, enhancing payment options for customers sending money from the USA [2][3][4] - The company is offering zero-fee transfers up to $500 to Venezuela through its apps until July 31, 2025, aiming to attract more users [3][6] - BOSS Money experienced a record holiday season, processing over 2 million transfers in December 2024, indicating strong demand for its services [6] Expansion of Services - BOSS Money now allows cash transfers to 34 major Venezuelan banks, including Banco Bicentenario and Banesco, facilitating direct deposits for users [3] - The service will soon enable money transfers to Brazil via Pix, Brazil's rapid payment system, and has expanded payout options in Africa, including mobile wallets in Ethiopia and Liberia [4][5] - Customers can also use debit cards to fund transfers at select BOSS Money retail agents, with plans for nationwide availability [5] Customer Incentives - New customers can benefit from two zero-fee transfers up to $2,999 on the BOSS Money and BOSS Revolution apps, with additional incentives for transfers to Mexico [6] - The company emphasizes convenience, speed, and reliability in its services, aiming to empower customers to support their families globally [5] Company Overview - IDT Corporation, the parent company of BOSS Money, provides a range of fintech and communication solutions, including international remittances and cloud communications [7]

December same-store sales increased 1.7% year-over-year  Full year 2024 same-store sales increased 1.8% year-over-year NEWARK, N.J., Jan. 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 December and the full year 2024. As of December 31, 2024, the NRS retail network comprised approximately 34,300 ac ...

December same-store sales increased 1.7% year-over-year  Full year 2024 same-store sales increased 1.8% year-over-year NEWARK, N.J., Jan. 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 December and the full year 2024. As of December 31, 2024, the NRS retail network comprised approximately 34,300 ac ...

Company Performance - IDT Corporation shares have gained nearly 40% since the start of the year [3] - The strong performance of IDT stock is attributed to strong results from the telecommunication and fintech sectors [3]

Shares of IDT Corporation (IDT) have gained 3.1% since the company reported its earnings for the quarter ended Oct. 31, 2024, outperforming the S&P 500 index’s 0.1% increase over the same period. Over the past month, IDT stock has risen 2.3%, exceeding the S&P 500’s 0.9% gain during the same time frame, highlighting the stock’s favorable relative momentum.For the quarter ended Oct. 31, 2024, IDT reported consolidated revenues of $309.6 million, up 2.8% year over year, driven by growth across key segments su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-16371 IDT CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 22-3415036 (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

IDT Corporation (NYSE:IDT) Q1 2025 Earnings Conference Call December 4, 2024 5:30 PM ET Company Participants Shmuel Jonas - Chief Executive Officer Marcelo Fischer - Chief Financial Officer Conference Call Participants Inigo Alonso – Unknown Company Operator Good evening, and welcome to the IDT Corporation's First Quarter Fiscal Year’s 2025 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the three-month periods ended October 31, 2024. During ...

Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [7]. - R&D spending increased by 10% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [9]. Operational Efficiency - Implemented a new ERP system, reducing operational costs by 5% [10]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [11]. - Employee training programs were enhanced, leading to a 20% improvement in productivity [12]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a company-wide recycling program, diverting 50% of waste from landfills [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Implemented a new code of conduct to ensure ethical business practices across all operations [17]. - Conducted regular audits to ensure compliance with regulatory requirements and internal policies [18].

IDT’s income from operations +38% to $23.6 million; Adjusted EBITDA* +31% to a record $29.1 million GAAP EPS increased to $0.68 from $0.30; Non-GAAP EPS* increased to $0.71 from $0.32 NEWARK, NJ, Dec. 04, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its first quarter fiscal year 2025, the three months ended October 31, 2024. FIRST QUARTER HIGHLIGHTS (Throughout this release, unl ...