secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0001493152-21-030701
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315221030701/0001493152-21-030701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315221030701/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-030701

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