IDT reports Q1 FY2022 revenue up 8% to $370M; GAAP EPS loss of $(0.10) vs prior year $0.32

IDT CORP

2022-Q1 EPS reported -$0.10 revenue$370,083,000

Revenue $370M (+8% YoY); NRS +104% to $10.1M, net2phone subscription +37.5% to $12.5M, Mobile Top-Up +34% to $128.5M.
GAAP net loss attributable to IDT $2.5M vs prior-year income of $8.3M; diluted EPS loss $(0.10) vs EPS of $0.32.
Adjusted EBITDA $18.3M (+1.3%); Adjusted EBITDA less CAPEX $14.0M (+3.3%). Revenue-less-direct-cost-of-revenue $78M (+12%).
Money Transfer revenue declined 18% to $12.5M; without transitory forex effects revenue would have increased 45%.
Net cash used in operations $5.9M vs provided $18.8M prior year; cash and investments $159.3M; CEO comments on potential net2phone spin-off.

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