earnings
confidence high
sentiment positive
materiality 0.80
IDT Q3 FY2024: NRS recurring revenue +45%, Fintech Adj EBITDA turns positive, EPS $0.22
IDT CORP
2024-Q3 EPS reported
$1.09
revenue$896,946,000
- NRS added 1,600 net terminals to 30,300; recurring revenue $24.0M (+45% YoY).
- net2phone added 9,000 seats to 384,000; subscription revenue $20.0M (+17% YoY).
- BOSS Money transactions 4.7M (+44%), revenue $27.6M (+42%); Fintech segment posts first positive Adj EBITDA.
- Consolidated revenue $299.6M (flat); gross profit record $97.0M, margin 32.4% (+310 bps).
- GAAP EPS $0.22 vs $0.27; Non-GAAP EPS $0.38 vs $0.46; repurchased 68,846 shares for $2.5M.