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Jan 31, 2022
IDT Q2 2022 Earnings Report
IDT's financial results were highlighted by improvements in gross profit, income from operations and Adjusted EBITDA, driven by the expansion of growth businesses.
Key Takeaways
IDT Corporation reported positive results for Q2 2022, with significant growth in NRS revenue and net2phone-UCaaS subscription revenue. The company is focused on the spin-off of net2phone and continues to expand its services and customer base.
NRS customer base expanded with nearly 1400 net POS activations and 1200 NRS Pay accounts.
NRS revenue increased by 104% year-over-year to $10.6 million.
net2phone-UCaaS subscription revenue increased 32% year-over-year to $12.5 million.
Money Transfer transactions increased 21% year-over-year.
IDT
IDT
IDT Revenue by Segment
Revenue by Segment
NRS Revenue
CapyFin.comBOSS Money Revenue
CapyFin.comnet2phone Revenue
CapyFin.com Forward Guidance
IDT is focused on completing the spin-off of net2phone to stockholders by the end of the current fiscal year on July 31st.
Revenue & Expenses
Visualization of income flow from segment revenue to net income