earnings
confidence high
sentiment neutral
materiality 0.55
IDT Q2 revenue flat at $337M; Adjusted EBITDA up 14%; NRS revenue surges 104%
IDT CORP
2022-Q2 EPS reported
$0.19
revenue$707,141,000
- Revenue flat at $337M (-0.8% YoY); EPS $0.28 vs $0.51; adjusted EBITDA $18.7M (+14.3%).
- NRS revenue surged 104% to $10.6M; active POS terminals grew 37% to 16,500.
- net2phone subscription revenue +32% to $12.5M; acquired Integra CCS for up to $15M post-quarter.
- Money Transfer revenue -6% to $12.5M but +48% adjusting for FX; transactions +21%.
- Spin-off of net2phone expected by July 31, 2022 (fiscal year end).