secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001493152-22-034488
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222034488/0001493152-22-034488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315222034488/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-034488

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