IDT Q4 net income down 54% to $8.0M; revenue falls 8% to $304M

IDT CORP

Q4 EPS $0.31 vs $0.66 prior year; Non-GAAP EPS $0.36 vs $0.67.
NRS added 1,700+ POS terminals; recurring revenue up 6% to $18.8M.
net2phone added 12,000 seats; subscription revenue up 19% to $17.9M.
BOSS Money transactions up 42% to 3.79M; revenue up 36% to $22.3M.
IDT repurchased 231,416 shares for $5.6M in Q4; $13.1M in FY2023.

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 the three and twelve months ended July 31, 2023 results: revenue $304 million, net income $8.0 million, EPS $0.31.

Period: the three and twelve months ended July 31, 2023
Revenue: $304 million
Net income: $8.0 million
EPS: $0.31
Result: reported results

Exact text from the filing

36% to $22.3 million led by a 46% increase in retail channel revenue. FY2023 BOSS Money revenue increased 38% to $76.9 million; ● Consolidated revenue decreased 8% in 4Q23 to $304 million while consolidated direct cost of revenue decreased 11% to $211 million. FY2023 consolidated revenue decreased 9% to $1,239 million while the consolidated direct cost of

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Source: SEC EDGAR

accession 0001493152-23-037053

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