---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043606"
form_type: "8-K"
ticker: "IDT"
cik: "0001005731"
company_name: "IDT CORP"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T17:41:05.711401+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-043606
- form_type: 8-K
- ticker: IDT
- cik: 0001005731
- company_name: IDT CORP
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005731/000149315223043606/0001493152-23-043606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005731/000149315223043606/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043606
- JSON: https://secwatch.observer/filing/0001493152-23-043606.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043606.txt

## Key facts
- Earnings Releases
  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: $0.30
  - Result: reported results
  source text: for the IDT family.” 2 CONSOLIDATED RESULTS IDT Consolidated Results ($ 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005731/000149315223043606/0001493152-23-043606-index.htm

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