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IDT(IDT) - 2025 Q2 - Quarterly Results
2025-03-06 21:32
Exhibit 99.1 IDT Corporation Reports Record Second Quarter 2025 Results Record levels of gross profit +16%; income from operations +77%; Adjusted EBITDA+56% GAAP EPS increased to $0.80 from $0.57; Non-GAAP EPS increased to $0.84 from $0.67 IDT raised its quarterly dividend 20% to 6 cents NEWARK, NJ — March 6, 2025: IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its second quarter fiscal year 2025, the thre ...
IDT Corporation Reports Record Second Quarter 2025 Results
Globenewswire· 2025-03-06 21:30
Core Insights - IDT Corporation reported record levels of gross profit, income from operations, and Adjusted EBITDA for the second quarter of fiscal year 2025, with gross profit increasing by 16% to $112 million and income from operations rising by 77% to $28.3 million [1][6][10] - The company raised its quarterly dividend by 20% to $0.06 per share, reflecting a solid financial position and positive outlook [1][10] - GAAP EPS increased to $0.80 from $0.57, while Non-GAAP EPS rose to $0.84 from $0.67, indicating strong earnings growth [1][10] Financial Performance - Total revenue for 2Q25 was $303.3 million, a 2% increase from $296.1 million in 2Q24 [40] - Adjusted EBITDA for the quarter was $34.0 million, up 56% from the previous year [1][10] - Net income attributable to IDT increased by 41% to $20.3 million [1][10] Segment Performance National Retail Solutions (NRS) - Recurring revenue grew by 32% to $31.6 million, with income from operations increasing by 71% to $9.1 million [5][11] - Active POS terminals rose by 21% year-over-year to 34,800, and payment processing accounts increased by 32% to 23,900 [11][17] BOSS Money / Fintech Segment - BOSS Money transactions increased by 36% to 5.7 million, with revenue rising by 34% to $33.5 million [5][18] - The Fintech segment's income from operations improved to $3.1 million from a loss of $(0.7) million [5][18] net2phone - Subscription revenue increased by 9% to $21.0 million, with income from operations rising to $1.1 million from $0.4 million [5][20] - The segment's Adjusted EBITDA grew by 55% to $2.9 million [5][20] Traditional Communications - Revenue for this segment was $212.0 million, a decrease of 5% year-over-year, but gross profit increased by 2% to $43.1 million [22][33] - Adjusted EBITDA surpassed $20 million for the first time since fiscal 2022, indicating improved cash generation [10][33] Capital Management - The company repurchased 179,338 shares of Class B common stock for $8.5 million during 2Q25 [1][10] - Capital expenditures increased by 6% to $4.8 million [1][10] Cash Position - As of January 31, 2025, IDT held $171.1 million in cash and cash equivalents, with total current assets of $462.1 million [26][27] - The company had no outstanding debt at the end of the quarter [26][27]
NRSInsights' February 2025 Retail Same-Store Sales Report
Newsfilter· 2025-03-05 13:30
Core Insights - February same-store sales increased by 3.5% year-over-year, showing resilience despite a previous month increase of 4.7% [4] - The NRS retail network processed $1.7 billion in sales during February 2025, reflecting a 14% year-over-year increase [14] - The NRS network's three-month moving average same-store sales have outpaced the U.S. Commerce Department's data by an average of 1.0% over the past twelve months [6] Sales Performance - Same-store sales increased 6.1% compared to January 2025, which had seen a decrease of 7.5% from December 2024 [4] - For the three months ending February 28, 2025, same-store sales rose by 2.7% compared to the same period a year ago [4] - Units sold increased by 3.0% year-over-year, with a 5.0% increase compared to January 2025 [5] Transaction Metrics - Baskets (transactions) per store decreased by 0.9% year-over-year but increased by 4.6% compared to January 2025 [5] - The average price for the top 500 items purchased rose by 2.3% year-over-year, a slower rate than the 2.9% increase recorded in January 2025 [5] Market Trends - Strong year-over-year growth was noted in categories such as Smokeless Tobacco, Tequila, and Energy Beverages, while the Gum category experienced its first year-over-year decrease in over a year [9] - Seasonal categories like Chocolate and Still Wine outperformed February 2024, while Confectionary and Sparkling Wine/Champagne saw declines [10] Network Overview - As of February 28, 2025, the NRS retail network included approximately 34,800 active terminals across 30,300 independent retailers [2] - The same-store data comparisons for February 2025 were derived from approximately 179 million transactions processed through about 21,100 stores [11]
NRSInsights' February 2025 Retail Same-Store Sales Report
GlobeNewswire News Room· 2025-03-05 13:30
Core Insights - February same-store sales increased by 3.5% year-over-year, showing resilience despite a previous month increase of 4.7% [4] - The NRS retail network processed $1.7 billion in sales during February 2025, representing a 14% year-over-year increase [14] - The NRS network's same-store sales growth has outpaced the U.S. Commerce Department's data by an average of 1.0% over the past twelve months, although February's increase was 0.5% lower than the Department's [6] Sales Performance - Same-store sales increased 6.1% compared to January 2025, which had seen a decrease of 7.5% from December 2024 [4] - For the three months ending February 28, 2025, same-store sales rose by 2.7% compared to the same period a year ago [4] Units Sold - Units sold increased by 3.0% year-over-year, with a 5.0% increase compared to January 2025 [5] - In January 2025, units sold had decreased by 3.1% from December 2024 [5] Transaction Metrics - Baskets (transactions) per store decreased by 0.9% year-over-year but increased by 4.6% compared to January 2025 [5] - Baskets in January 2025 had decreased by 5.3% from December 2024 [5] Pricing Trends - The dollar-weighted average price for the top 500 items purchased increased by 2.3% year-over-year, a slower rate than the 2.9% increase recorded in January 2025 [5] Market Insights - Strong year-over-year growth was noted in categories such as Smokeless Tobacco, Tequila, and Energy Beverages, while the Gum category experienced its first year-over-year decrease in over a year [9] - Seasonal categories like Chocolate and Still Wine outperformed February 2024, while Confectionary and Sparkling Wine/Champagne saw declines [10] Network Overview - As of February 28, 2025, the NRS retail network included approximately 34,800 active terminals across about 30,300 independent retailers [2] - The data for same-store comparisons in February 2025 was derived from approximately 179 million transactions processed through about 21,100 stores [11]
net2phone Introduces Advanced AI Agent
Newsfilter· 2025-02-27 14:20
Core Insights - net2phone has launched the net2phone AI Agent, a scalable and customizable virtual agent designed to enhance customer experiences across sales, support, and administrative tasks [1][3]. Company Overview - net2phone is a leading provider of intelligent communications-as-a-service, focusing on businesses and contact centers [1]. - The company is a subsidiary of IDT Corporation, recognized for its innovative cloud-based communication solutions [3]. Product Features - The net2phone AI Agent utilizes conversational AI to engage customers, handle routine inquiries, and execute complex tasks while adhering to business rules and leveraging external APIs [2]. - It supports multiple communication channels, including website, phone, and chat, and is available in multiple languages such as English, Spanish, and Portuguese [2]. - The AI Agent addresses common challenges in sales, support, and staffing, optimizing customer interactions and operational efficiency [3][4]. Market Position - The introduction of the net2phone AI Agent positions the company to help businesses enhance customer interactions and grow profitably [3].
IDT Corporation to Report Second Quarter 2025 Results
Globenewswire· 2025-02-25 13:30
Core Viewpoint - IDT Corporation is set to release its financial and operational results for the second quarter of fiscal year 2025 on March 6, 2025, with a focus on its performance in fintech and communications solutions [1]. Financial Reporting - The earnings release will be available on the IDT investor relations website at approximately 4:30 PM Eastern on March 6, 2025 [1]. - An earnings conference call will follow at 5:30 PM Eastern, featuring management's discussion of the results and a Q&A session with investors [2]. Conference Call Details - To participate in the conference call, investors can dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) with the access code 145736 [2]. - A replay of the conference call will be available approximately three hours after the call concludes and can be accessed until March 20, 2025 [3]. - The replay can be accessed by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) with the replay passcode 51975, and it will also be available via streaming audio on the IDT investor relations website [3]. Company Overview - IDT Corporation operates as a global provider of fintech and communications solutions through various synergistic businesses, including National Retail Solutions, BOSS Money, net2phone, IDT Digital Payments, and IDT Global [4]. - National Retail Solutions offers a point-of-sale platform for independent retailers, while BOSS Money focuses on international remittances and fintech payment solutions [4]. - net2phone provides integrated cloud communications and contact center services, and IDT Digital Payments facilitates the sharing of prepaid products and services [4].
NRSInsights' January 2025 Retail Same-Store Sales Report
GlobeNewswire News Room· 2025-02-07 15:35
Core Insights - January same-store sales increased by 4.7% year-over-year, a significant rise compared to the previous month's increase of 1.7% [4] - However, same-store sales decreased by 7.5% compared to December 2024, which had a modest increase of 0.5% from November 2024 [5] - Over the three months ending January 31, 2025, same-store sales rose by 3.7% compared to the same period a year ago [5] Sales Performance - Units sold increased by 2.3% year-over-year, contrasting with a decrease of 0.5% in December 2024 [5] - Units sold decreased by 3.1% compared to December 2024, which also saw a decline of 1.1% from November 2024 [5] - Baskets per store increased by 1.1% year-over-year but decreased by 5.3% compared to December 2024 [5] Pricing Trends - The dollar-weighted average price for the top 500 items purchased rose by 2.9% year-over-year, surpassing the 2.4% increase recorded in December 2024 [5] Network Overview - As of January 31, 2025, the NRS retail network included approximately 34,800 active terminals across about 30,100 independent retailers [2] - The NRS POS terminals processed $1.8 billion in sales, reflecting a 20% year-over-year increase, across 119 million transactions, which is a 15% increase year-over-year [14] Market Commentary - January 2025 experienced robust sales growth despite adverse weather conditions, with notable increases in categories such as Tobacco Products, Alcohol, and Chocolate [8][9] - The Diet & Nutrition category outperformed expectations, driven by increased sales in health-related products [10] - Sales of Cold/Flu OTC products surged due to a rise in seasonal illnesses [11]
NRSInsights' January 2025 Retail Same-Store Sales Report
Newsfilter· 2025-02-07 15:35
Core Insights - January 2025 same-store sales increased by 4.7% year-over-year, despite a sequential decrease of 7.5% compared to December 2024 [1][5][6] - The NRS retail network had approximately 34,800 active terminals, processing transactions at around 30,100 independent retailers [2][15] - The dollar-weighted average price for the top 500 items purchased rose by 2.9% year-over-year, surpassing the previous month's increase of 2.4% [6] Sales Performance - Same-store sales for the three months ending January 31, 2025, increased by 3.7% compared to the same period a year ago [6][14] - Units sold increased by 2.3% year-over-year but decreased by 3.1% compared to December 2024 [6][11] - Baskets per store increased by 1.1% year-over-year but decreased by 5.3% compared to the previous month [6][10] Market Trends - Notable growth was observed in the Tobacco Products & Accessories, Alcohol, and Diet & Nutrition categories, with the latter driven by health trends and meal replacement products [10][11] - Sales of Cold/Flu OTC products surged due to increased incidences of flu and other contagions [12] - The NRS network's three-month moving average same-store sales outpaced the U.S. Commerce Department's data by an average of 1.1 percentage points over the past twelve months [7] Transaction Data - In January 2025, NRS processed $1.8 billion in sales, reflecting a 20% year-over-year increase across 119 million transactions, which is a 15% increase year-over-year [15][16] - Same-store data comparisons for January 2025 were derived from approximately 183 million transactions across about 20,800 stores [13]
IDT global Inks Preferred Partner Agreement with Haiti's Natcom for International Long-Distance Traffic Management
Newsfilter· 2025-02-06 13:30
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][3] - The partnership aims to develop and launch new international voice offerings for Natcom customers and IDT's BOSS Revolution Calling service users in the US [2][3] Group 1: Partnership Details - The agreement enhances Natcom's position as a reliable telecommunications provider for international voice traffic [1] - IDT global will provide secure and innovative telecommunications solutions tailored to meet the international long-distance needs of Natcom customers in Haiti [3] - The collaboration is expected to improve the experience for customers of both Natcom and BOSS Revolution [3] Group 2: Company Background - Natcom offers a full range of mobile, broadband, and fixed-line services across Haiti, focusing on innovation and connectivity [4] - IDT global utilizes its global IP network to deliver high-quality voice and A2P SMS solutions, enabling efficient communication experiences worldwide [5] - IDT Corporation operates a portfolio of businesses, including fintech and communications solutions, enhancing the operational effectiveness of independent retailers and facilitating international remittances [6]
IDT global Inks Preferred Partner Agreement with Haiti's Natcom for International Long-Distance Traffic Management
GlobeNewswire News Room· 2025-02-06 13:30
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]