secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001493152-22-006183
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDT Q2 revenue flat at $337M; Adjusted EBITDA up 14%; NRS revenue surges 104%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222006183/0001493152-22-006183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222006183/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-006183

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