Loading...
•
Jul 31, 2024
IDT Q4 2024 Earnings Report
IDT reported a strong fourth quarter, driven by growth in NRS, BOSS Money, and net2phone, and improved profitability in Traditional Communications.
Key Takeaways
IDT Corporation reported a strong fourth quarter with record Adjusted EBITDA. Key growth drivers were National Retail Solutions (NRS), BOSS Money, and net2phone. The Traditional Communications segment delivered solid cash flows, and the company is focused on maximizing cash generation and investing in growth initiatives.
NRS continued to expand its customer base and increase the penetration of NRS Pay, leading to increased profitability.
BOSS Money achieved over 40% year-over-year transaction volume and revenue growth, with improving economics.
net2phone added approximately twelve thousand net new seats, including two thousand CCaaS seats, while improving its Adjusted EBITDA margin.
Traditional Communications segment significantly improved its economics through cost reduction initiatives.
Revenue by Segment
Forward Guidance
IDT enters fiscal 2025 with strong momentum. NRS, BOSS Money and ne2phone are all profitable and each has a long growth runway. In the year ahead, we will drive their continued expansion and invest in new, exciting growth initiatives that leverage our strategic assets and expertise.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...