IDT Corporation's 10-Q Report Highlights Revenue Growth in National Retail Solutions Segment

By Ahmed Jameison • Tuesday, June 10 15:29 • Permanent Link

IDT Corporation recently released its 10-Q report, providing insights into its financial performance. The company operates through four segments: Fintech, National Retail Solutions, net2phone, and Traditional Communications. The Fintech segment includes BOSS Money for international money remittance, while the National Retail Solutions segment operates a point of sale platform for independent retailers. The net2phone segment offers cloud communications and contact center services.

In the 10-Q report, IDT Corporation discussed its results of operations for the three and nine months ended April 30, 2025, compared to the same periods in fiscal 2024. The report highlighted various financial metrics and performance indicators for each segment.

For the National Retail Solutions segment, revenues increased by $5.4 million (21.1%) in the three months ended April 30, 2025, compared to the same period in fiscal 2024. This growth was primarily driven by revenue growth from NRS’ merchant services and the expansion of its POS network. Additionally, the segment saw a significant increase in income from operations, which rose by $1.4 million (29.3%) during the same period.

In the Fintech segment, revenues from BOSS Money increased by $6.8 million (24.7%) in the three months ended April 30, 2025, compared to the same period in fiscal 2024. This growth was attributed to increased transactions at BOSS Money, including both digital and retail channel transactions. The segment also reported a substantial increase in income from operations, amounting to $4.9 million, representing a significant improvement compared to the same period in fiscal 2024.

In the net2phone segment, revenues increased by $1.3 million (6.4%) in the three months ended April 30, 2025, compared to the same period in fiscal 2024. This growth was primarily driven by the increase in subscription revenue, particularly in the U.S. The segment also reported a notable improvement in income from operations, which increased by $0.9 million (188.0%) during the same period.

The 10-Q report provided a detailed breakdown of the financial performance of each segment, offering investors and stakeholders a comprehensive view of IDT Corporation's business operations and results. Today the company's shares have moved -1.51% to a price of $64.00. For the full picture, make sure to review IDT CORP's 10-Q report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.