IDT (IDT) Stock News

BOSS Money, IDT Corporation's (NYSE: IDT) remittance and payments brand, has achieved the highest customer satisfaction rating among 18 digital money transfer companies in FXC Intelligence's 2025 ranking. The app secured a leading 4.9 average rating across app stores, with over 100,000 customers giving it the highest possible score. BOSS Money also maintains a strong 4.6 rating on Trustpilot. The service offers attractive promotions including two free transfers for new customers to over 50 countries and five free transactions for Mexico transfers. The platform distinguishes itself with competitive exchange rates, low fees, and multiple payout options including cash pickup, mobile money, bank deposits, and debit card transfers. BOSS Money serves customers in the U.S. and Canada, facilitating transfers to Latin America, the Caribbean, Africa, and South Asia.

IDT Corporation (NYSE: IDT), a fintech and communications solutions provider, has announced its participation in the East Coast IDEAS Investor Conference on June 12, 2025, at the Westin Times Square in New York. CFO Marcelo Fisher will deliver a company presentation at 3:30 PM Eastern time and conduct one-on-one investor meetings. The presentation will be accessible via webcast through the conference website. IDT's business portfolio includes National Retail Solutions (NRS) for POS solutions, BOSS Money for international remittances, net2phone for cloud communications, IDT Digital Payments, BOSS Revolution for calling services, and IDT Global and IDT Express for international voice and SMS messaging.

NRSInsights, a subsidiary of IDT Corporation (NYSE: IDT), reported strong retail performance metrics for May 2025. Same-store sales increased 4.9% year-over-year, accelerating from April's 4.3% growth, marking the highest increase since November. The network, comprising 36,000 active terminals across 31,300 independent retailers, showed positive trends across key metrics: units sold rose 3.6% YoY, basket transactions increased 0.9% YoY, and average prices for top 500 items grew 2.9% YoY. Notable growth was seen in prepared cocktails and wine-based beverages, while chocolate and performance shakes maintained strong performance. The NRS platform processed $2.1 billion in sales (+18% YoY) across 143 million transactions in May 2025, serving independent retailers across all 50 states.

IDT Corporation reported strong Q3 2025 results with significant year-over-year improvements across all segments. The company achieved record gross profit margin of 37.1% and gross profit increased 15% to $112 million. Income from operations surged 133% to $26.6 million, while Adjusted EBITDA grew 57% to $32.2 million. GAAP EPS increased to $0.86 from $0.22, and Non-GAAP EPS rose to $0.90 from $0.38. Key business segments showed robust performance: NRS recurring revenue grew 23% to $29.4 million, BOSS Money transactions increased 27% to 6.0 million, and net2phone subscription revenue rose 7% to $21.5 million. Traditional Communications segment demonstrated strong profitability with income from operations up 39% to $17.3 million.

IDT Corporation has announced it will release its Q3 FY2025 financial results on June 5, 2025, at approximately 4:15 PM Eastern. The company will host an earnings conference call at 5:00 PM Eastern, featuring management discussion and investor Q&A. IDT operates through multiple business segments including National Retail Solutions (NRS) providing POS platforms for retailers, BOSS Money for international remittances, net2phone for cloud communications, IDT Digital Payments and BOSS Revolution for prepaid services, and IDT Global and IDT Express for international voice and SMS messaging services. The earnings call can be accessed via toll-free number 1-888-506-0062 (US) or 1-973-528-0011 (international) using access code 491722, with replay available until June 19, 2025.

NRSInsights reported strong retail performance for April 2025, with same-store sales increasing 4.3% year-over-year across its network of approximately 35,600 active POS terminals. The network, serving about 31,000 independent retailers, showed resilient consumer spending with units sold up 2.5% and transactions increasing 1.3% year-over-year. Average prices for top 500 items rose 2.3%, slightly higher than March's 2.1%. Notable growth was seen in alcoholic beverages, with Tequila showing double-digit growth and Ready-to-Drink Cocktails surging. Non-alcoholic beverages also performed well, led by Soft Drinks and Energy Drinks. The NRS platform processed $1.9 billion in sales (+17% YoY) across 133 million transactions in April 2025.

BOSS Money, IDT Corporation's (NYSE: IDT) remittance service, announced a special Mother's Day promotion offering $0-fee international money transfers. New customers can enjoy zero-fee transfers with specific benefits: first two transfers free to all destinations, first five transfers free to Mexico, and unlimited free transfers to select African countries and Venezuela.

Existing customers can use promotional codes during specific periods: "MOM" (May 5-11) for all destinations, "MOMMY" (May 21-25) for select countries including Dominican Republic and Haiti, and "MAMA" (May 26-30) for Nicaragua. The service offers various payout options including cash pick-up, mobile money, bank deposits, and debit card transfers through the BOSS Money app.

NRSInsights reported March 2025 retail same-store sales increased 2.3% year-over-year across its network of approximately 35,200 active terminals nationwide. The network processed $2.0 billion in sales (+16% YoY) across 134 million transactions.

Key metrics for March 2025:

• Units sold increased 2.4% YoY
• Baskets increased 0.2% YoY
• Average prices for top 500 items rose 2.1% YoY

Strong performance was seen in Energy Beverages, Soft Drinks, and Modern Oral Smokeless Tobacco. However, most BEVAL categories (Beer, FMB/Cider/Seltzer, Whiskey, Vodka, Still Wine) showed decreased sales, with Tequila being the exception. Salty Snacks recorded a double-digit sales decrease.

BOSS Revolution, powered by IDT (NYSE: IDT), has launched Savings Pass, a new monthly membership calling plan offering 20% discounts on international calls to over 200 countries for $5 per month.

The company now offers three subscription options:

• Savings Pass: 20% discount on standard rates for all international calls
• Unlimited Plans: Unlimited calling to select destinations including Mexico, Canada, UK, and popular locations in Europe, South America, and Caribbean
• Bundles of Minutes Plans: Fixed minutes for calls to over 40 countries at 20% discount, covering destinations in Latin America, Caribbean, and Africa

The new plans aim to simplify the complex global paid-minute communications market, providing customers with optimal savings based on their calling patterns and destinations.