IDT Q1 FY2024: Revenue falls 6% to $301M but gross profit record; growth segments strong

IDT CORP

2024-Q1 EPS reported $0.30 revenue$301,205,000

Consolidated revenue $301M (-6% YoY); gross profit record $94M (+6%), margin 31.4% (+370bps).
BOSS Money revenue up 38% to $24.2M on 41% transaction growth; retail channel up 55%.
NRS recurring revenue up 25% to $22.4M; active POS terminals up 31% to 27,200.
net2phone subscription revenue up 19% to $18.5M; seats up 18% to 364,000.
Net income attributable to IDT down 30% to $7.7M ($0.30 EPS); repurchased 125,470 shares for $2.8M.

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 0.85

IDT CORP reported the first quarter of fiscal year 2024, the three months ended October 31, 2023 results: revenue $301.2, net income $7.7 million, EPS $0.30.

Period: the first quarter of fiscal year 2024, the three months ended October 31, 2023
Revenue: $301.2
Net income: $7.7 million
EPS: $0.30
Result: reported results

Exact text from the filing

for the IDT family.” 2 CONSOLIDATED RESULTS IDT Consolidated Results ($ in millions, except gross profit margin and EPS) 1Q24 4Q23 3Q23 2Q23 1Q23 1Q24-1Q23 Variance Revenue $ 301.2 $ 303.8 $ 299.3 $ 313.9 $ 321.8 (6.4 )% Gross Profit $ 94.4 $ 91.1 $ 87.9 $ 90.4 $ 89.1 +5.9 % Gross Profit Margin 31.4 % 30.0 % 29.4 % 28.8 % 27.7 % +370 BP SG&A $ 77.2 $ 78.2 $

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Source: SEC EDGAR

accession 0001493152-23-043606

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