Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
IDT Corporation (NYSE: IDT) generates a steady flow of news across its fintech, retail technology, and communications businesses. As a global provider of fintech and communications solutions, IDT issues regular updates on segment performance, product launches, partnerships, and corporate actions, giving investors and industry observers insight into how its portfolio of businesses is evolving.
News about IDT frequently covers financial and operational results for its fiscal quarters and fiscal years, including segment-level highlights for National Retail Solutions (NRS), the Fintech segment centered on BOSS Money, net2phone, and Traditional Communications. Earnings releases discuss revenue, gross profit, income from operations, Adjusted EBITDA, and other key performance metrics, along with management commentary on business drivers and strategic priorities.
Subsidiary-specific announcements also feature prominently. NRS and its NRSInsights unit regularly publish monthly retail same-store sales reports based on transactions processed through the NRS POS platform, detailing trends in same-store sales, units sold, baskets per store, and average prices. NRS news may also highlight integrations with delivery platforms such as Grubhub and partnerships that enhance digital ordering, delivery, and analytics capabilities for independent retailers.
net2phone news includes the introduction of AI-powered communications offerings, such as a HIPAA-compatible AI Agent for healthcare that manages patient communications and administrative workflows. Corporate-level items can include legal developments, such as court decisions related to legacy matters, and scheduling notices for upcoming earnings releases and conference calls.
By following IDT news, readers can monitor developments across BOSS Money’s fintech activities, NRS’s retail technology network, net2phone’s AI-powered communications solutions, and the company’s traditional communications and digital payments operations.
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.
IDT (NYSE: IDT), a global fintech and communications solutions provider, has announced its participation in the upcoming Sidoti Virtual Investor Conference on March 19-20, 2025. CFO Marcelo Fisher will deliver a presentation on March 19th at 10:45 AM Eastern time, covering the company's operations, strategy, and financial performance.
The presentation will be accessible via a live webinar, with free registration available through the Sidoti website. Fisher will also conduct one-on-one meetings with investors throughout the conference.
IDT operates through several key business segments:
- National Retail Solutions (NRS): Provides POS platform for independent retailers
- BOSS Money: Offers international remittances and fintech payment solutions
- net2phone: Delivers cloud communications and contact center services
- IDT Digital Payments and BOSS Revolution: Focuses on prepaid products and international communications
- IDT Global and IDT Express: Manages international voice and SMS messaging services
IDT (NYSE: IDT) reported strong second quarter fiscal 2025 results with record performance across key metrics. The company achieved gross profit growth of 16% to $112 million, with margin expanding 420 basis points to 37.0%. Income from operations surged 77% to $28.3 million, while Adjusted EBITDA increased 56% to $34.0 million.
Key segment highlights include:
- NRS: Recurring revenue up 32% to $31.6M with 71% operating income growth
- BOSS Money: Transactions increased 36% to 5.7M with revenue up 34% to $33.5M
- net2phone: Subscription revenue grew 9% to $21.0M
- Traditional Communications: Gross profit up 2% to $43.1M
The company increased its quarterly dividend by 20% to $0.06 and repurchased 179,338 shares for $8.5 million. GAAP EPS rose to $0.80 from $0.57, while Non-GAAP EPS increased to $0.84 from $0.67. Total revenue grew 2% to $303.3 million.
NRSInsights reports strong retail performance for February 2025, with same-store sales increasing 3.5% year-over-year across its network of approximately 34,800 active terminals nationwide. The network processed $1.7 billion in sales (+14% YoY) across 113 million transactions.
Key metrics show:
- Units sold increased 3.0% YoY
- Baskets decreased 0.9% YoY
- Average prices for top 500 items rose 2.3% YoY
Category performance highlights include strong growth in Smokeless Tobacco, Tequila, and Energy Beverages, while Gum experienced its first YoY decrease in over a year. The NRS network's three-month moving average same-store sales have outpaced the US Commerce Department's retail data by 1.0% on average over the past year.
net2phone has launched its new AI Agent, an advanced virtual assistant designed to manage customer interactions across multiple channels. The AI solution handles sales, support, and administrative tasks through website, phone, and chat platforms.
The AI Agent can perform various functions including answering calls, scheduling appointments, providing account information, and processing returns. It operates according to company business rules and integrates with existing systems through APIs. The system is multilingual, supporting English, Spanish, and Portuguese, and operates 24/7.
Key features include handling routine customer inquiries, optimizing staffing levels during demand fluctuations, and managing temporary staffing needs. The solution aims to help businesses enhance customer experience while providing a scalable and cost-effective alternative to traditional customer service methods.
IDT (NYSE: IDT) has scheduled its second quarter fiscal year 2025 financial and operational results report for Thursday, March 6, 2025. The earnings release will be posted on the company's investor relations website around 4:30 PM Eastern, followed by an earnings conference call at 5:30 PM Eastern featuring management discussion and investor Q&A.
To participate in the call, investors can dial 1-888-506-0062 (US toll-free) or 1-973-528-0011 (international) with access code 145736. A replay will be available until March 20, 2025, by dialing 1-877-481-4010 (US toll-free) or 1-919-882-2331 (international) with passcode 51975, and via streaming audio on IDT's investor website.
IDT is a global provider of fintech and communications solutions through several business segments including National Retail Solutions (NRS), BOSS Money, net2phone, IDT Digital Payments, BOSS Revolution, IDT Global, and IDT Express.
NRSInsights reported a 4.7% increase in January 2025 same-store sales compared to January 2024. The NRS retail network, comprising approximately 34,800 active terminals nationwide, showed mixed performance metrics:
Key highlights include:
- Units sold increased 2.3% year-over-year
- Baskets (transactions) grew 1.1% year-over-year
- Average prices for top 500 items rose 2.9%
- Total network processed $1.8 billion in sales (+20% YoY)
Despite record cold temperatures and snowfalls, January saw robust performance in unexpected categories including Tobacco Products, Alcohol, and Diet & Nutrition. The network's three-month moving average same-store sales outpaced the US Commerce Department's data by 1.1 percentage points on average over the past year.
IDT global, a division of IDT (NYSE: IDT), has signed a Preferred Partner Agreement with Natcom, Haiti's leading telecommunications provider. Under this agreement, IDT global will manage international long-distance traffic for Natcom's network in Haiti and help protect against revenue leakage.
The partnership aims to develop and launch new international voice offerings for both Natcom customers and IDT's BOSS Revolution Calling service users in the US. The collaboration focuses on strengthening Natcom's position as a reliable telecommunications provider while enhancing international voice traffic security.
This strategic partnership leverages IDT global's expertise in managed voice services to provide secure telecommunications solutions tailored for Haiti's international long-distance needs, while improving connectivity options for BOSS Revolution customers.
BOSS Money, IDT 's (NYSE: IDT) remittance service, announced expansion to three new countries: Venezuela, Brazil, and Eritrea. The service now enables US customers to send money directly to 34 major Venezuelan banks, with zero-fee transfers up to $500 through July 31, 2025, via their apps. Brazil transfers will be launched through the Pix payment system, while African expansion includes new mobile wallet options in Ethiopia and Liberia.
The company also introduced debit card funding at select retail locations, with nationwide rollout planned. BOSS Money achieved a milestone in December 2024, processing over 2 million transfers. New customers can benefit from two zero-fee transfers up to $2,999, with Mexican transfers eligible for five zero-fee transactions.