IDT Q3 FY2023 EPS $0.27, revenue $299M; fintech and cloud segments grow strongly

IDT CORP

2023-Q3 EPS reported $1.27 revenue$935,047,000

EPS up 50% to $0.27; Non-GAAP EPS $0.46 vs $0.22 prior year.
Revenue $299M (-9% YoY); direct cost of revenue fell 15% to $210M.
NRS active terminals 23,900 (+1,600 net); recurring revenue +65% to $16.5M.
net2phone subscription revenue +20% to $17.1M; seats ~340,000.
BOSS Money remittance revenue +29% to $19.4M; transactions +38% to 3.28M.

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 third quarter fiscal 2023 results: revenue $299 million, net income $6.9 million, EPS $0.27.

Period: third quarter fiscal 2023
Revenue: $299 million
Net income: $6.9 million
EPS: $0.27
Result: reported results

Exact text from the filing

Consolidated revenue decreased 9% to $299 million while consolidated direct cost of revenue decreased 15% to $210 million. ● Consolidated income from operations decreased to $10.4 million from $13.3 million, including the impact of a $3.9 million charge in the Traditional Communications segment resulting from a legal settlement. ● Net income attributable to IDT increased to $6.9 million from $4.8 million. ● Consolidated Adjusted EBITDA ** increased 14% to $20.5 million. ● EPS increased 50% to $0.27 from $0.18.

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Source: SEC EDGAR

accession 0001493152-23-020122

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