IDT (IDT) 4 Dec 242025 Q1 Earnings call transcript

Good evening, and welcome to the IDT Corporation's First Quarter Fiscal Year 2025 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the 3-month period ended October 31, 2024.

During prepared remarks by IDT's Chief Executive Officer, Shmuel Jonas, [Operator Instructions] After Mr. Jonas remarks, Marcelo Fischer, IDT's Chief Financial Officer, will join Mr. Jonas for Q&A with investors. Any forward-looking statement made during this conference call, either in the prepared remarks or in the Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. include, discussed not IDT in with SEC. uncertainties risks to, files and the uncertainties and the risks but limited are specific periodically These reports that non-GAAP that either share. to presentation or the or including forecast. In session, and materially factors measures, actual Q&A any IDT from may cause update to IDT's may in make to earnings no made or non-GAAP the non-GAAP obligation forward-looking assumes reference EBITDA, management their statements net results they that those have make they to update adjusted may differ that income per A IDT earnings EBITDA, per provided GAAP release non-GAAP non-GAAP the to reconciles nearest corresponding schedule adjusted in the share measures. and net income earnings Relations Please website. IDT note that IDT release the Investor of page Corporation earnings is the the on available release the to conference the filed Form on The also over been turn a SEC. I now earnings X-K has will Mr. with Jonas

] conference quarter IDT's I X Thank [ voice. Welcome XXXX, XX. year months you, to and today on for my the XX John. ended call. And I our fiscal focused October earnings the apologize remark of first

while discussion expect has BOSS EBITDA. revenue including powered of detailed the next more gross today NRS our segment and levels Consolidated XXXX, fiscal record profit, Money We quarters. our plans. CCaaS we with on increased results our we results within Tuesday. Building financial continuing investing broaden gross our operational to momentum robust pain XXXX, new our earlier market financial three reflected that on EBITDA. At release our the adjusted and solutions our quarter, address margin quarter the fintech look netXphone in of through with products please addressable processing develop and decision a retailer this offerings our For of profit margins, are increases achieve read results for QX, the markets. fiscal strong QX feature increased our in enhance along rates sequentially to profit adoption by consecutive to earnings and Money's XX-K adjusted each needs to remainder particularly Form of the first services forward gross for channel. from to achieved continued now momentum in heavily focused and independent providing to revenue, filed NRS, and file to we the year. BOSS retail In of our on SEC IDT fiscal delivered

X%, expanded financial to American had. partners revenue and in [indiscernible] $X.X more to NetXphone while significantly slowed appreciate to IDT transaction on retail increased XX% and with As much In the operations EBITDA was [indiscernible], our our a ] very sharing QX of and margins friends. season boosted joyous including increases over look contributed negative of team, a all family income light performance that IT the our increase economics improved increase November, XXXX. result, served And and operations support U.S. across and to led holiday gross and revenue very by investors entire with QX. shared you in The we've good EBITDA. In from in the adjusted a news forward in colleagues despite hard growth the by healthy operations projections discipline XXX,XXX, strong now the driving million wishing somewhat. Followed track FX subscription from margin from the year-over-year. this quarter's also continued following globe, by your to off work decrease from businesses seats DXC. NetXphone The year-over-year are a we key previously dollar. by up significantly financial operations BOSS quarter, to across traditional X%. pay enhanced [ We income transaction Money's rebounded closed in FinTech's the and strong income impact growth segment that communications

questions. happy and take Marcelo be to will I your Now

session. We will question-and-answer now the from [ Your Alonzo]. Anigo [Operator begin Instructions] first comes question

Thank start netXphone on and three questions has growth last with and I growing the the question term. you that BOSS during had businesses. of on in by the I'll last presidential double for couple have a BOSS has the driven lot into again. money immigration the a been of the U.S. years, results extraordinary Money. growth mass

about year. at impact. So with was wondering question how have on the Thank coming your huge ForEx Last policies And a strong. real week, market then the XX% ] [ confident immigration ability in devaluation ]? And the where America. feel Latin really we the on event from seeing share is, over we your we [ second you stealing of those growth level rates currency, do in growing I your revenue to this had USD, titan the and the into in you revenues achieve from on with netXphone you. keep competitors are are U.S. double-digit strengthening the to Brazilian of confidence the

Okay.

on really, and America to stronger really build without tell So in the that you things this result end administration be your opinion, immigration policies. make into too It's will answer question immigration in what the of My country. I'll is can't first. opinion to my personal America try new early

people a need opinion. own you we the America the how day every happened, my basis. I that border daily my really and thing in So to build is tariffs, I don't work that many always really help they that, not for on have my drives you're product like going But immigrants improving hard what would on say But opinion. know. One personal what the is, to have. that's continue and as to cross focus if That's results, opinion,

on answer the Yes, netXphone. I'll question to you

not absolutely So netXphone helping you're are The now. right. rates right exchange

Brazilian Net about versus is portion As you and year-over-year, down business The real When of Latin about at significant countries, from QX. Brazil XX%. particular. Mexico, comes the look XX%. American know, a down in you QX [indiscernible]

the cancellate dollars. you [ clearly U.S. into when those business that So ]

growth subscription it this XX%. QX. was for Our revenue If been impact, have FX XX% not would

monitoring keep and Latin of operating not are not it on if So U.S., cost that denominated are America in some carefully pegged in that we business necessarily. really inputs the U.S. looking we also, at the

So how growth implications that going not continue cost economics, being a on and on the real the really does slight the netXphone well growth. currencies well. long-term to and we success on focusing a very be dollar positive because those grow forward impact nice translation profitability, also markets has continue of strong future. our about as on the the And some just it are are to local sales and feel offset very like the at team rates much U.S. those we as pace, could possible sound doing very That and said, in will for the really side.

investment Yes. profitability is And put have, so our said that in lets I'll more Marcelo to us just already energies also it most we say to on the gets the where market, the to it. it the already where payoff us add from if we U.S. anything, focus into what best get far, by places

opinion. bad completely So not in a my story,

is I seasonal provide seasonality last different that the terminal NRS, Can I quarter churn. you if NRS? the the lower So you on the of a due here. also this kiosk bit ask to can noted would impacts mentioned there I if that And a of was quarter, terminal were appreciate or there's color sales about and deployments. runout this I wonder little

have than a Yes. were they mean, large the larger I in and we year They have and goes. business this is customer good which fireworks been so seasonal both that comes bad. previously,

impact. And the so that's seasonal really

but related question also of product And did had terms think, the shifted to I'll your we're as and on pushing to effect. sales people's And out some in our from I software those unfortunately, of more new -- it say definitely we back on track. new really the that away have in educating far customers As a kiosk, plans also of attention units, plans. lot launches

you was businesses screens advertisement place many question businesses? for categories you these wondering newer outdoor have mentioned screens. quarters, areas? customer you forms And high offering located real example? traffic these in last what of these initial QX, facing for the estate How few Are checkout or new you Or final one In NRS. are I screens. on how the in between inside they are of did targeting of screens are

we And all and entertainment don't off many hand, highly know I I ordered over placed how placed are QX. pretty into of all don't in we arrived them the screens. new believe that and I have hotels we've mostly attraction that traffic. do numbers X,XXX them they've yet.

more are our no this call. today's presentation. questions, conference you attending As and Thank question-and-answer session concludes for there

You may now disconnect.