secwatch.observer — SEC 8-K summary
======================================

Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001493152-23-043606
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315223043606/0001493152-23-043606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315223043606/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043606

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer