secwatch.observer — SEC 8-K summary
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Issuer:     IDT CORP (IDT)
CIK:        0001005731
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001493152-24-048680
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDT reports record Q1: Adj EBITDA $29.1M (+31%), GAAP EPS $0.68 (+127%)
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- GAAP EPS $0.68 (up from $0.30); Non-GAAP EPS $0.71 (up from $0.32).
- Revenue +3% to $309.6M; gross profit margin expanded 360bps to 34.8%.
- Fintech segment income from operations turned positive at $3.2M vs loss of $1.4M; revenue +40%.
- NRS recurring revenue +29% to $28.9M; net2phone subscription revenue +13% to $21M; seats +11%.
- Cash $180.4M, no debt; repurchased $1.3M in shares in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005731/000149315224048680/0001493152-24-048680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005731/000149315224048680/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048680

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