The following is a summary of the IDT Corporation (IDT) Q3 2024 Earnings Call Transcript:
Financial Performance:
IDT reported strong Q3 results with a 310 basis point improvement in consolidated gross margin.
Net2phone's adjusted EBITDA doubled year-over-year, signaling improved operating leverage.
NRS' income from operations and adjusted EBITDA more than doubled year-over-year.BOSS Money achieved its first EBITDA positive quarter and Fintech segment reached positive adjusted EBITDA overall.
Business Progress:
NRS surpassed 30,000 active terminals, growing its POS network significantly.
Net2phone is transitioning to a pricing plan with premium features to drive ARPU expansion.
BOSS Money expanded transaction and revenue growth rates, effectively gaining market share.
Opportunities:
IDT is focused on expanding NRS Pay accounts and merchant service revenues which grew 66% year-over-year.
BOSS Money's three-pronged growth strategy aims to double transaction volumes rapidly.
More details: IDT Corp IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
