IDT Corporation Reports Strong Q1 FY25 Financial Results

IDT Corporation has released its financial results for the first quarter of fiscal year 2025, revealing significant growth in net income and adjusted EBITDA compared to the same period in the previous year. The company's net income attributable to IDT Corporation rose to $17.2 million from $7.7 million in the first quarter of fiscal year 2024. Adjusted EBITDA also increased to $22.3 million, up from $18.1 million.

The reconciliation of earnings per share (EPS) to non-GAAP EPS showed basic earnings per share at $0.68, up from $0.30, with non-GAAP basic EPS reaching $0.72, compared to $0.33 in the previous year. Diluted EPS also improved, rising to $0.68 from $0.30, with non-GAAP diluted EPS at $0.71, up from $0.32.

Key performance metrics for IDT's business segments were detailed, including NRS, BOSS Money, and net2phone. NRS' recurring revenue is calculated by subtracting revenue from POS terminal sales, while BOSS Money's average revenue per transaction is determined by dividing revenue by the number of transactions.

Net2phone's subscription revenue is calculated by excluding equipment revenue and legacy SIP trunking offering revenue in Brazil. The company's operating margin and adjusted EBITDA margin are used to measure profitability and performance relative to sales, providing insights into future revenue forecasts and competitive comparisons.

These results underscore IDT Corporation's continued growth and strategic focus on enhancing profitability across its business segments, positioning the company for sustained success in the competitive telecommunications and financial services markets.