---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-030701"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2021-12-07T23:59:59+00:00"
generated_at: "2026-06-28T02:59:51.523245+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-030701
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2021-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315221030701/0001493152-21-030701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315221030701/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-030701
- JSON: https://secwatch.observer/filing/0001493152-21-030701.json
- Plain text: https://secwatch.observer/filing/0001493152-21-030701.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.