IDT (IDT) Stock News

IDT (NYSE: IDT) reported strong second quarter fiscal 2025 results with record performance across key metrics. The company achieved gross profit growth of 16% to $112 million, with margin expanding 420 basis points to 37.0%. Income from operations surged 77% to $28.3 million, while Adjusted EBITDA increased 56% to $34.0 million.

Key segment highlights include:

• NRS: Recurring revenue up 32% to $31.6M with 71% operating income growth
• BOSS Money: Transactions increased 36% to 5.7M with revenue up 34% to $33.5M
• net2phone: Subscription revenue grew 9% to $21.0M
• Traditional Communications: Gross profit up 2% to $43.1M

The company increased its quarterly dividend by 20% to $0.06 and repurchased 179,338 shares for $8.5 million. GAAP EPS rose to $0.80 from $0.57, while Non-GAAP EPS increased to $0.84 from $0.67. Total revenue grew 2% to $303.3 million.

NRSInsights reports strong retail performance for February 2025, with same-store sales increasing 3.5% year-over-year across its network of approximately 34,800 active terminals nationwide. The network processed $1.7 billion in sales (+14% YoY) across 113 million transactions.

Key metrics show:

• Units sold increased 3.0% YoY
• Baskets decreased 0.9% YoY
• Average prices for top 500 items rose 2.3% YoY

Category performance highlights include strong growth in Smokeless Tobacco, Tequila, and Energy Beverages, while Gum experienced its first YoY decrease in over a year. The NRS network's three-month moving average same-store sales have outpaced the US Commerce Department's retail data by 1.0% on average over the past year.

net2phone has launched its new AI Agent, an advanced virtual assistant designed to manage customer interactions across multiple channels. The AI solution handles sales, support, and administrative tasks through website, phone, and chat platforms.

The AI Agent can perform various functions including answering calls, scheduling appointments, providing account information, and processing returns. It operates according to company business rules and integrates with existing systems through APIs. The system is multilingual, supporting English, Spanish, and Portuguese, and operates 24/7.

Key features include handling routine customer inquiries, optimizing staffing levels during demand fluctuations, and managing temporary staffing needs. The solution aims to help businesses enhance customer experience while providing a scalable and cost-effective alternative to traditional customer service methods.

IDT (NYSE: IDT) has scheduled its second quarter fiscal year 2025 financial and operational results report for Thursday, March 6, 2025. The earnings release will be posted on the company's investor relations website around 4:30 PM Eastern, followed by an earnings conference call at 5:30 PM Eastern featuring management discussion and investor Q&A.

To participate in the call, investors can dial 1-888-506-0062 (US toll-free) or 1-973-528-0011 (international) with access code 145736. A replay will be available until March 20, 2025, by dialing 1-877-481-4010 (US toll-free) or 1-919-882-2331 (international) with passcode 51975, and via streaming audio on IDT's investor website.

IDT is a global provider of fintech and communications solutions through several business segments including National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution, IDT Global, and IDT Express.

NRSInsights reported a 4.7% increase in January 2025 same-store sales compared to January 2024. The NRS retail network, comprising approximately 34,800 active terminals nationwide, showed mixed performance metrics:

Key highlights include:

• Units sold increased 2.3% year-over-year
• Baskets (transactions) grew 1.1% year-over-year
• Average prices for top 500 items rose 2.9%
• Total network processed $1.8 billion in sales (+20% YoY)

Despite record cold temperatures and snowfalls, January saw robust performance in unexpected categories including Tobacco Products, Alcohol, and Diet & Nutrition. The network's three-month moving average same-store sales outpaced the US Commerce Department's data by 1.1 percentage points on average over the past year.

IDT global, a division of IDT (NYSE: IDT), has signed a Preferred Partner Agreement with Natcom, Haiti's leading telecommunications provider. Under this agreement, IDT global will manage international long-distance traffic for Natcom's network in Haiti and help protect against revenue leakage.

The partnership aims to develop and launch new international voice offerings for both Natcom customers and IDT's BOSS Revolution Calling service users in the US. The collaboration focuses on strengthening Natcom's position as a reliable telecommunications provider while enhancing international voice traffic security.

This strategic partnership leverages IDT global's expertise in managed voice services to provide secure telecommunications solutions tailored for Haiti's international long-distance needs, while improving connectivity options for BOSS Revolution customers.

BOSS Money, IDT 's (NYSE: IDT) remittance service, announced expansion to three new countries: Venezuela, Brazil, and Eritrea. The service now enables US customers to send money directly to 34 major Venezuelan banks, with zero-fee transfers up to $500 through July 31, 2025, via their apps. Brazil transfers will be launched through the Pix payment system, while African expansion includes new mobile wallet options in Ethiopia and Liberia.

The company also introduced debit card funding at select retail locations, with nationwide rollout planned. BOSS Money achieved a milestone in December 2024, processing over 2 million transfers. New customers can benefit from two zero-fee transfers up to $2,999, with Mexican transfers eligible for five zero-fee transactions.

NRSInsights reported December 2024 same-store sales increased 1.7% year-over-year, while full-year 2024 sales grew 1.8% compared to 2023. The NRS retail network, comprising approximately 34,300 active terminals nationwide, showed mixed performance in December with units sold and transactions both declining 0.5% year-over-year, while average prices rose 2.4%.

For full-year 2024, units sold increased 2.3%, while transactions slightly decreased by 0.1%. The network processed $1.9 billion in sales across 125 million transactions in December 2024, representing a 17% year-over-year increase. Notable growth categories included smokeless tobacco, tequila, and prepared cocktails, while categories like vape, cognac, and cigarettes experienced the largest decreases.

BOSS Money, IDT 's (NYSE: IDT) remittance brand, announced holiday promotions featuring zero-fee money transfers. New customers can enjoy five free transfers to Mexico and two free transfers to other destinations when using debit cards or bank accounts through their apps. Existing customers will receive a promo code for two free transfers between December 20-25.

The company expanded payout options, enabling direct transfers to bank-issued debit cards in Dominican Republic, Guatemala, Honduras, Jamaica, and Philippines. Additionally, customers can now transfer to mobile wallets in Mexico (Bankaya, Mercado Pago, Spin by Oxxo, Techreo) and Peru (Yape). November marked their busiest month ever, surpassing May's Mother's Day performance with strong growth in customers and transactions.