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 Corp (IDT) delivers innovative solutions across telecommunications, fintech, and cloud communications through brands like National Retail Solutions and net2phone. This news hub provides investor-focused updates directly from corporate sources, ensuring accurate tracking of the company's global initiatives.
Access real-time announcements including quarterly earnings, strategic partnerships, and product innovations. Our curated collection features press releases on retail POS advancements, international payment services, and unified communications developments - all critical for assessing IDT's market position.
Key updates cover financial performance metrics, leadership changes, technology deployments, and regulatory filings. Content is organized to help stakeholders monitor growth in core segments: cloud-based telephony, digital payment ecosystems, and data-driven retail solutions.
Bookmark this page for streamlined access to IDT's corporate communications. Combine these verified updates with market analysis tools to inform your investment strategy in this dynamic multinational enterprise.
IDT (NYSE: IDT) reported strong Q1 FY2025 results with significant growth across key metrics. Consolidated revenue increased 3% to $309.6 million, while income from operations jumped 38% to $23.6 million. The company achieved record levels of gross profit, margin, and Adjusted EBITDA.
Key segment highlights include: NRS recurring revenue grew 29% to $28.9 million; BOSS Money revenue increased 39% to $33.7 million; and net2phone subscription revenue rose 13% to $21.0 million. Traditional Communications revenue decreased 4% to $220.5 million, though income from operations increased 2%.
The company's net income attributable to IDT increased 125% to $17.2 million, with GAAP EPS rising to $0.68 from $0.30. As of October 31, 2024, IDT held $180.4 million in cash, cash equivalents, debt securities, and current equity investments.
IDT (NYSE: IDT) has announced it will release its first quarter fiscal year 2025 financial results on December 4, 2024. The earnings release will be posted at 4:30 PM Eastern, followed by an earnings conference call at 5:30 PM Eastern. The company will host a Q&A session for investors, accessible via toll-free numbers. A replay will be available until December 18, 2024. IDT operates through multiple business segments including National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, and IDT Global, providing fintech, cloud communications, and traditional communications solutions.
IDT (NYSE: IDT) has announced its participation in the 16th Annual Southwest IDEAS Investor Conference in Dallas, TX. Chief Financial Officer Marcelo Fischer will present on Wednesday, November 20th from 11:30 to 12:05 Central Time at The Statler.
The presentation will be accessible via webcast through the conference website and IDT's investor relations portal. Fischer will also conduct meetings with conference participants throughout the day.
IDT operates through multiple business segments including National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, and IDT Global, providing fintech, cloud communications, and traditional communications services globally.
NRSInsights reported October 2024 same-store sales increased 3.7% year-over-year, with the NRS retail network comprising approximately 33,100 active terminals nationwide. Key metrics show units sold increased 2.8% YoY, while transactions per store rose 1.6% YoY. Average prices for top 500 items increased 1.9% YoY, down from September's 2.1% increase.
The network processed $1.8 billion in sales (+20% YoY) across 131 million transactions (+17% YoY) in October. Beverage sales were notably strong, with Energy Beverages breaking a six-month decline trend. However, candy sales continued to decrease through the Halloween season compared to the previous year.
NRSInsights released its September 2024 Retail Same-Store Sales Report, revealing a 2.2% year-over-year increase in same-store sales. Key highlights include:
- Units sold increased 2.9% year-over-year
- Average transactions per store rose 0.8% year-over-year
- Average prices for top 500 items increased 2.1% year-over-year
The NRS retail network comprised approximately 32,700 active terminals nationwide as of September 30, 2024. Notable trends include sales declines in categories like Chocolate and Confection, Vape, and Energy Drinks, while Smokeless Tobacco, Tequila, and Prepared Cocktails showed robust growth. Geographically, stores in New York, New Jersey, and Pennsylvania experienced significant year-over-year gains, while Florida and Georgia saw sales declines due to Hurricane Helene.
IDT (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, has announced it will report its financial and operational results for the fourth quarter and fiscal year 2024 on Tuesday, October 8, 2024. The earnings release will be available on IDT's investor relations website at approximately 4:30 PM Eastern. An earnings conference call will follow at 5:30 PM Eastern, featuring management's discussion and a Q&A session.
To participate, investors can dial 1-888-506-0062 (US toll-free) or 1-973-528-0011 (international) using the access code 126998. A replay will be available until October 22, 2024, accessible by phone or streaming audio on IDT's investor relations website.
NRSInsights released its August 2024 Retail Same-Store Sales Report, showing a 5.1% year-over-year increase in same-store sales. Key highlights include:
- Units sold increased 4.7% year-over-year
- Average transactions per store rose 1.8% year-over-year
- Average prices for top 500 items increased 3.5% year-over-year
The report noted strong growth in back-to-school categories and baking supplies. NRS' network comprises 32,300 active POS terminals in approximately 28,100 independent retail stores, processing $19.8 billion in sales through 1.4 billion transactions in the past 12 months.
net2phone, a leading provider of intelligent communications-as-a-service, has unveiled a new interface for its Unite business communications platform. The update introduces a single-pane-of-glass view that allows users to manage all communications from one screen, including voice, video meetings, and messaging. This enhancement makes it easier for users to engage whether in the office, working remotely, or on-the-go.
The platform now features AI-powered instant call summaries and transcriptions, as well as internal team chat capabilities. These new tools complement existing features such as unlimited domestic and international calling, call recording, video conferencing, and SMS/MMS text messaging. The update aims to enhance workflows, collaboration, and overall communication effectiveness for businesses.
NRSInsights released its July 2024 Retail Same-Store Sales Report, revealing a 1.2% year-over-year increase in same-store sales. Key highlights include:
- Unit sales increased 2.2% from July 2023
- Average transactions per store decreased 0.6% year-over-year
- Prices for top 500 items increased 2.5% year-over-year
- Three-month same-store sales (May-July 2024) increased 3.0% compared to 2023
The NRS network comprised 32,100 active terminals nationwide as of July 31, 2024. Notable trends included growth in Tequila, Prepared Cocktails, and Non-Alcoholic Beer sales, while Energy Drinks and Vape sales declined. Hurricane Beryl impacted sales in Texas markets. The report is based on approximately 194 million transactions from 18,700 stores.
NRSInsights reported a 5.1% year-over-year increase in June 2024 same-store sales. The NRS network comprises 31,400 active POS terminals, predominantly serving urban consumers. Unit sales grew by 5.5%, and the average number of transactions per store rose by 2.8%. However, the average price increase for top products moderated to 1.1%, down from 1.6% in May. Seasonal categories like Sun Care and Packaged Beverages showed strong performance, while Candy/Gum/Mints and Tobacco Alternatives/Vape underperformed. The NRS network outpaced the US Commerce Department’s retail trade data excluding food services by an average of 2.7 percentage points over the past year.
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