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]

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].

October same-store sales increased 3.7% year-over-year NEWARK, N.J., Nov. 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 October 2024. As of October 31, 2024, the NRS retail network comprised approximately 33,100 active terminals nationwide, scanning purchases at approximately 28,900 independent retailer ...

IDT Corporation (IDT) delivered adjusted earnings per share (EPS) of 57 cents in the fourth quarter of fiscal 2024, up 58.3% year over year. GAAP EPS for the quarter was $1.45, reflecting a surge of 367.7% from the year-ago figure. Full-year fiscal 2024 adjusted EPS was $1.95, reflecting a 4.8% uptick from the comparable fiscal 2023 period. IDT's Revenues in Detail IDT registered revenues of $308.8 million in the fiscal fourth quarter, up 1.7% year over year. Robust performances by National Retail Solutions ...

In my previous write-up covering IDT Corporation (NYSE: IDT ), I was bullish on the company due to the impressive performance of its high growth businesses. Its Q4 results have further strengthened by confidence that An individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Throu ...

September same-store sales increased 2.2% year-over-year NEWARK, N.J., Oct. 09, 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 September 2024. As of September 30, 2024, the NRS retail network comprised approximately 32,700 active terminals nationwide, scanning purchases at approximately 28,400 independent ret ...

Financial Data and Key Metrics Changes - IDT Corporation reported a record adjusted EBITDA for the fourth quarter and full fiscal year 2024, with Q4 EBITDA reaching $25 million, the highest in the company's history [5][23]. - The company expects to surpass $100 million in consolidated EBITDA for fiscal 2025, driven by the profitability of all business segments [23]. Business Line Data and Key Metrics Changes - BOSS Money achieved over 40% year-over-year transaction volume and revenue growth in Q4, becoming EBITDA positive with approximately $4 million in positive EBITDA [4][15]. - net2phone added approximately 12,000 net new seats in Q4, including 2,000 CCaaS seats, with its adjusted EBITDA margin more than doubling compared to the previous year [4]. - The Traditional Communications segment saw a decline in EBITDA by about $11 million in fiscal 2024, but the decline is expected to moderate to around $5 million to $6 million in fiscal 2025 due to cost-cutting measures [20][21]. Market Data and Key Metrics Changes - The company is focusing on expanding its customer base in the large independent retailer market and increasing penetration of NRS Pay [4]. - BOSS Money is seeing strong growth in the Northeast and aims to grow its presence nationwide, with a focus on digital verticals [39]. Company Strategy and Development Direction - IDT plans to continue expanding NRS, BOSS Money, and net2phone, all of which are profitable and have significant growth potential [5]. - The company is committed to maximizing cash generation from each segment and returning value to shareholders through investments, share buybacks, and dividends [5]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering fiscal 2025 with strong momentum and highlighted the importance of long-term customer relationships over immediate margin expansion [17]. - The company anticipates a slight increase in consolidated revenue for fiscal 2025 as growth businesses offset declines in traditional segments [22]. Other Important Information - The company is deploying hundreds of new locations monthly and expanding its advertising tech while focusing on operational efficiencies [4][5]. - New product launches, such as kiosks and the Panther POS system, are expected to drive additional growth [33]. Q&A Session Summary Question: Impact of MetaSwitch end-of-life on net2phone - Management indicated that it has no effect on their business [7]. Question: Migration progress to own platform for net2phone - Management expects to start migrating more customers over the next quarters, with no new customers going onto any other platform [8]. Question: Timeline for full transition to own platform - No specific timeline was provided [9]. Question: Conditions for potential NRS spinoff - Management is focused on building NRS into a multibillion-dollar company before considering a spinoff [10]. Question: Incremental margins for BOSS Money post-EBITDA positivity - Management emphasized customer retention over margin expansion, focusing on long-term relationships [12][17]. Question: Revenue growth expectations for Traditional segment - Management expects the decline in Traditional segment EBITDA to be less severe in fiscal 2025 due to cost-cutting measures [21]. Question: Growth sources for BOSS Money - Management noted that they are taking market share from competitors and improving brand recognition [26][28]. Question: Goals for NRS in 2025 - NRS aims to grow its POS network by approximately 6,000 locations annually and expects EBITDA to grow by 30% [31].

IDT Corp (IDT, Financial) released its 8-K filing on October 8, 2024, showcasing robust financial results for the fourth quarter and fiscal year 2024. The company, a multinational holding entity operating primarily in telecommunications and payment industries, reported significant growth across its business segments, including Fintech, National Retail Solutions (NRS), net2phone, and Traditional Communications. Oct 08, 2024 Powered by 0 l Performance and Challenges In the fourth quarter, IDT Corp (IDT, Finan ...

4Q24 YoY revenue growth rates: NRS* +42%; BOSS Money +41%; net2phone* +15% 4Q24 income from operations +68% YoY to $20.1 million; Adjusted EBITDA** +40% to a record $25.2 million 4Q24 GAAP EPS increased YoY to $1.45 from $0.31; Non-GAAP EPS increased to $0.57 from $0.36 NEWARK, NJ, Oct. 08, 2024 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for the fourth quarter and full fiscal year 2024, ...