---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037053"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:29:03.518406+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-037053
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315223037053/0001493152-23-037053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315223037053/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037053
- JSON: https://secwatch.observer/filing/0001493152-23-037053.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037053.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005731/000149315223037053/0001493152-23-037053-index.htm

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