---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034488"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:22:49.603217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IDT reports Q1 FY2023: income from operations up 47% to $20.2M, EPS $0.43 vs loss of $0.10

## Summary
- NRS recurring revenue up 107% to $17.8M; active POS terminals ~20,800 (+1,400 sequentially).
- BOSS Money remittance revenue up 45% to $17.6M; transaction volume +35% to 2.87M.
- net2phone subscription revenue up 33% to $15.5M; seats ~309,000 (+18,000 sequentially).
- Consolidated revenue down 13% to $322M on 20% decline in Traditional Communications.
- Net income $11.0M vs loss $2.5M; Adjusted EBITDA $24.3M (+33%); repurchased $5M of stock.

## SEC filing metadata
- accession: 0001493152-22-034488
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315222034488/0001493152-22-034488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315222034488/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034488
- JSON: https://secwatch.observer/filing/0001493152-22-034488.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034488.txt

## Key facts
- Earnings Releases
  IDT CORP reported first quarter fiscal year 2023, three months ended October 31, 2022 results: revenue $322 million, net income $11.0 million, EPS $0.43.
  - Period: first quarter fiscal year 2023, three months ended October 31, 2022
  - Revenue: $322 million
  - Net income: $11.0 million
  - EPS: $0.43
  - Result: reported results
  source text: Consolidated revenue decreased 13% to $322 million, mostly as a result of a 20% decrease in the Traditional Communications segment’s revenue; ● Consolidated income from operations increased 47% to $20.2 million; ● Net income attributable to IDT increased to $11.0 million from a net loss of $2.5 million. The loss in the year-ago quarter included an unrealized $12.5 million loss on the mark-to-market value of the Company’s investment in Rafael Holdings, Inc.’s Class B common stock; ● Consolidated Adjusted EBITDA increased 33% to $24.3 million; and ● EPS increased to $0.43 from a loss per share of $0.10.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005731/000149315222034488/0001493152-22-034488-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.