IDT Q2 fiscal 2023 EPS surges to $0.57 from $0.28; NRS recurring revenue up 103%

IDT CORP

2023-Q2 EPS reported $1.00 revenue$635,752,000

Revenue down 7% to $314M, but income from operations up 32% to $18.2M.
Net income attributable to IDT $14.6M vs $7.5M; Non-GAAP EPS $0.62 vs $0.30.
NRS recurring revenue $18.3M (+103%); active POS terminals up record 1,600 to ~22,400.
BOSS Money remittance revenue $17.6M (+47%); net2phone subscription revenue $16.3M (+30%).
Consolidated Adjusted EBITDA increased 25% to $23.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IDT CORP reported second quarter of fiscal year 2023, the three months ended January 31, 2023 results: revenue $314 million, net income $14.6 million, EPS $0.57.

Period: second quarter of fiscal year 2023, the three months ended January 31, 2023
Revenue: $314 million
Net income: $14.6 million
EPS: $0.57
Result: reported results

Exact text from the filing

for the second consecutive quarter. Seats served increased by approximately 18,000 sequentially to end 2Q23 at approximately 327,000; ● Consolidated revenue decreased 7% to $314 million while the consolidated direct cost of revenue decreased 14% to $222 million; ● Consolidated income from operations increased 32% to $18.2 million; ● Net income attributable to

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Source: SEC EDGAR

accession 0001493152-23-007011

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