secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001493152-22-015739
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDT Q3 FY22 revenue $328M (-12% YoY); high-growth segments offset legacy comms decline
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222015739/0001493152-22-015739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222015739/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-015739

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