earnings
confidence high
sentiment neutral
materiality 0.75
IDT Q3 FY22 revenue $328M (-12% YoY); high-growth segments offset legacy comms decline
IDT CORP
2022-Q3 EPS reported
$0.37
revenue$1,035,494,000
- Consolidated revenue $328M, down 12.2% YoY; net income $4.8M ($0.18 EPS) vs $36.3M ($1.39) on investment losses and tax reversals.
- Adjusted EBITDA rose to $18.0M from $17.9M; Non-GAAP EPS $0.23 vs $0.47.
- Fintech revenue +62% to $26.9M; NRS recurring revenue +102% to $10.0M, active terminals 17,900; BOSS Money revenue +51.5% to $15.5M.
- net2phone subscription revenue +42% to $14.2M, seats 279,000 (+33%); spin-off postponed due to market conditions.
- Traditional Communications revenue -17% to $285.9M; segment op income $17.4M vs $20.4M as voice demand recedes.