IDT Corp Stock Price, News & Analysis

IDT Corporation (NYSE: IDT) has partnered with TerraPay to enhance its BOSS Revolution Money Transfer service, enabling seamless transfers to mobile wallets in Senegal and Benin. Customers can now send money to these countries and over 36 others, accessing more than 309,000 payment points. The partnership aims to expand the service's reach across Africa, Asia, LATAM, and Europe, providing real-time payment options. First-time users can make transfers up to $300 without fees through the BOSS Revolution Money app, available on both the App Store and Google Play.

IDT Corporation (NYSE: IDT) announced a new SMS carrier agreement with Telefónica Global Solutions on August 11, 2021. This agreement allows IDT to send SMS messages from its BOSS Revolution businesses in the U.S. and global partners directly to Telefónica mobile subscribers. The partnership builds on an existing relationship where over one billion minutes of international voice traffic are exchanged annually. IDT aims to enhance its SMS messaging capabilities and diversify its Carrier Services business through this collaboration.

IDT Corporation (NYSE: IDT) announced a partnership with professional soccer player Jonathan Mensah, the captain of MLS’s Columbus Crew, to promote its BOSS Revolution brand. Mensah, an immigrant from Ghana, will serve as a spokesperson for IDT's international money transfer, voice calling, and mobile top-up services. His personal experiences as a customer align with the brand's focus on connecting immigrant families. This partnership aims to enhance brand visibility across various media, leveraging Mensah's influence within immigrant communities.

IDT Corporation (NYSE: IDT) subsidiary National Retail Solutions (NRS) announced an expanded partnership with Koupon to enhance consumer packaged goods (CPG) brand marketing in independent convenience stores. This collaboration integrates digital coupons with retail displays and analytics, improving marketing effectiveness. NRS operates over 14,000 POS terminals, processing 58 million transactions monthly. The BR Club loyalty program of IDT allows over 2 million members to access digital promotions, boosting engagement in hard-to-reach urban markets.

IDT Corporation will present at the 2021 LD Micro Invitational virtual investor conference on June 8th at 1:30 PM ET. The event will cover recent results and management’s strategy, with a webcast available for attendees. Registration is free of charge. The conference runs from June 8th to 10th and features around 180 companies, each presenting for 25 minutes. IDT will also share its presentation slides on its investor pages during the event.

IDT Corporation reported strong financial results for Q3 FY 2021, with revenue of $374 million, up 16% year-over-year, driven by significant growth in its net2phone-UCaaS and National Retail Solutions segments. The company achieved a net income per diluted share of $1.39, significantly higher than $0.02 in Q3 FY 2020. Adjusted EBITDA increased to $17.9 million, demonstrating operational efficiency. Notable highlights include a 39% rise in net2phone subscription revenue and a remarkable 123% surge in NRS revenue. IDT's cash position remains robust, with $127.6 million in unrestricted funds.

IDT Corporation (NYSE: IDT) will report its financial results for Q3 of fiscal year 2021 on June 3, 2021. The report will cover the three months ending April 30, 2021. The earnings release will be available at approximately 4:30 PM Eastern, followed by a conference call at 5:30 PM Eastern for management to discuss the results and outlook. Investors can participate by dialing the provided numbers. A replay will be available until June 10, 2021 on their investor relations website.

IDT Corporation (NYSE: IDT) has re-launched its mobile service under the brand BOSS Wireless, now operating on T-Mobile's 5G and 4G LTE networks, enhancing coverage and reliability. BOSS Wireless plans start as low as $10 per month and include unlimited calling within the U.S. and to 65 international destinations. Customers benefit from free app-to-app calls over Wi-Fi with the BOSS Revolution Calling app. Plans provide various data options, from 100 MB to 50 GB monthly.

On April 6, 2021, net2phone unveiled net2phone for Salesforce on Salesforce AppExchange, enhancing business communications through data-driven voice capabilities. This integration allows users to initiate calls with a click, automatically populate call data, and customize profiles for improved user experience. The service, available in North and South America, is designed to facilitate unlimited international calls and features advanced call management analytics. The launch aims to make voice communications central to business interactions, according to company leadership.