Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
IDT Corporation (NYSE: IDT) generates a steady flow of news across its fintech, retail technology, and communications businesses. As a global provider of fintech and communications solutions, IDT issues regular updates on segment performance, product launches, partnerships, and corporate actions, giving investors and industry observers insight into how its portfolio of businesses is evolving.
News about IDT frequently covers financial and operational results for its fiscal quarters and fiscal years, including segment-level highlights for National Retail Solutions (NRS), the Fintech segment centered on BOSS Money, net2phone, and Traditional Communications. Earnings releases discuss revenue, gross profit, income from operations, Adjusted EBITDA, and other key performance metrics, along with management commentary on business drivers and strategic priorities.
Subsidiary-specific announcements also feature prominently. NRS and its NRSInsights unit regularly publish monthly retail same-store sales reports based on transactions processed through the NRS POS platform, detailing trends in same-store sales, units sold, baskets per store, and average prices. NRS news may also highlight integrations with delivery platforms such as Grubhub and partnerships that enhance digital ordering, delivery, and analytics capabilities for independent retailers.
net2phone news includes the introduction of AI-powered communications offerings, such as a HIPAA-compatible AI Agent for healthcare that manages patient communications and administrative workflows. Corporate-level items can include legal developments, such as court decisions related to legacy matters, and scheduling notices for upcoming earnings releases and conference calls.
By following IDT news, readers can monitor developments across BOSS Money’s fintech activities, NRS’s retail technology network, net2phone’s AI-powered communications solutions, and the company’s traditional communications and digital payments operations.
net2phone, a subsidiary of IDT (NYSE: IDT), has acquired Integra CCS, enhancing its position in the cloud communications sector. Integra offers a comprehensive CCaaS platform featuring omnichannel support and advanced analytics. The acquisition is expected to drive significant growth, with Integra already achieving cash flow positivity and near triple-digit revenue growth. This strategic move aligns with market demands for integrated communication solutions and leverages net2phone’s global sales network.
IDT Corporation (NYSE: IDT), a global provider of fintech and communication services, will release its financial results for Q2 FY2022 on March 7, 2022. The earnings report will be available on the IDT investor relations website at approximately 4:30 PM Eastern. An earnings conference call will follow at 5:30 PM Eastern, featuring management's discussion of results, outlook, and strategy, with a Q&A session for investors. A replay will be accessible after the call until March 14, 2022 via designated phone lines.
IDT Corporation (NYSE: IDT) has announced an expansion of its BOSS Money money transfer service, now allowing US customers to send funds to Togo and Sierra Leone, along with new payout options in Benin. Transfers can be picked up at over 318 locations in Togo and select stores in Sierra Leone, with cash available at La Poste and Express Union in Benin. This service now covers 22 African countries and 215,000 locations. Additionally, BOSS Money is expanding partnerships with United Bank for Africa to facilitate direct deposits in Liberia and Ghana.
IDT Corporation (NYSE: IDT) has acquired a majority stake in Sochitel, a digital distribution platform specializing in mobile top-up and electronic vouchers. This acquisition, announced on January 20, 2022, enhances IDT's digital offerings and expands its market presence in Africa, a region with over 1.2 billion people and a growing fintech landscape. The partnership aims to leverage Sochitel’s established network to innovate and deliver new services, including bill payments and e-vouchers. The synergy between IDT and Sochitel is expected to unlock significant growth opportunities in mobile financial services.
IDT Corporation's subsidiary, National Retail Solutions (NRS), has launched NRS eWIC, a payment processing service that allows independent retailers to accept eWIC payments. This initiative aims to reduce costs and eliminates the need for specialized equipment. NRS eWIC is already certified in New York and New Jersey, targeting over 500,000 WIC beneficiaries in these states. NRS's goal is to empower independent retailers to reclaim market share from larger chains by providing them with advanced technological solutions.
net2phone, a global cloud communications provider, has partnered with Avant, a premier distributor for next-generation technologies. This collaboration allows Avant's Trusted Advisors to offer net2phone’s advanced communication solutions across the US and internationally. net2phone's cloud platform includes integrations with Microsoft Teams, Salesforce, and more, while providing features like unlimited international calling and video conferencing. This strategic partnership aims to enhance productivity for enterprise clients and support opportunities in rapidly growing markets.
IDT Corporation (NYSE: IDT) reported first-quarter fiscal 2022 results, showing an 8% revenue increase to $370 million compared to $343 million in the previous year. Key highlights include a remarkable 104.3% revenue growth in National Retail Solutions to $10.1 million and a 37.5% increase in net2phone subscription revenue. Conversely, Money Transfer revenue declined 18% to $12.5 million due to unfavorable foreign exchange conditions, though it would have risen 45% without that impact. Adjusted EBITDA rose 1.3% to $18.3 million, while loss per share was $0.10.
National Retail Solutions (NRS) has joined Geopath, enhancing its digital out-of-home (DOOH) advertising network. This integration provides NRS Digital Media with advanced audience measurement and consumer insights, improving the effectiveness of its advertising solutions. NRS operates a network of over 14,000 digital screens across the U.S., facilitating millions of daily impressions. COO Eli Korn emphasized the importance of robust audience data for advertisers, while Geopath’s EVP Dylan Mabin welcomed NRS as a member, highlighting their commitment to effective advertising experiences.
IDT Corporation (NYSE: IDT) has announced it will release financial results for Q1 of fiscal 2022, covering the period ending October 31, 2021, on December 7, 2021. The earnings release will be accessible on the IDT investor relations website at approximately 4:30 PM Eastern. Following this, an earnings conference call will begin at 5:30 PM Eastern, featuring management discussions on results and strategy, with a subsequent Q&A session. The call replay will be available until December 20, 2021.
IDT Corporation (NYSE: IDT) announced that CEO Shmuel Jonas will present at the 13th Annual Southwest IDEAS Investor Conference on November 18th in Dallas, TX. The presentation is set to start at 9 AM ET and will cover the company's operations, strategy, and fiscal year 2021 financial results.
The event will include one-on-one meetings with investors, and the presentation will be available via an audio webcast on the company's investor relations website for 90 days.