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.
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.