secwatch.observer — SEC 8-K summary
======================================

Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0001493152-22-027828
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDT Corp reports Q4 revenue down 16% but operating income up 13%, fintech/cloud growth drives record Adjusted EBITDA
--------------------------------------------------------------------------------

- Consolidated Q4 revenue $329M (-16% YoY); operating income up 13% to $19.2M. FY revenue $1,364M (-6%); op income up 6% to $60.1M.
- NRS recurring revenue up 157% to $17.7M; BOSS Money revenue up 56% to $17.0M; net2phone subscription revenue up 37% to $15.1M.
- Net income attributable to IDT fell to $17.2M (Q4) and $27.0M (FY) from $38.7M and $96.5M due to prior-year tax valuation allowance reversals and investment losses.
- NRS active POS terminals increased ~1,400 to 19,400; net2phone seats rose ~12,000 to 291,000.
- Company reported highest quarterly and full-year Adjusted EBITDA in history.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222027828/0001493152-22-027828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222027828/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-027828

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer