NYSE$IDT

IDT Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

IDT's fintech and cloud communications businesses drove gains, leading to the highest levels of quarterly and full fiscal year income from operations since 2015 and the highest levels of quarterly and full fiscal year Adjusted EBITDA in company history.

IDT Corporation reported strong Q4 2022 results, driven by its fintech and cloud communications businesses. The company achieved its highest levels of quarterly and full fiscal year income from operations since 2015 and its highest levels of quarterly and annual Adjusted EBITDA in company history.

  • Fintech and cloud communications businesses delivered impressive year-over-year and sequential results.
  • IDT's consolidated quarterly and annual Adjusted EBITDA reached their highest levels in company history.
  • Continued growth of high-margin fintech and cloud communications businesses and Mobile Top-Up offerings is expected to further improve IDT’s consolidated Adjusted EBITDA.
  • This improvement will more than offset the continued decreasing contributions expected from the BOSS Revolution Calling and IDT Global businesses within the lower margin Traditional Communications segment.

Headline financials

Total Revenue

$329M

Previous: $390M-15.6%
EPS (adj)

$0.70

Previous: $0.66+6.1%
Capital Expenditures

$8.09M

Previous: $3.31M+144.3%
Free Cash Flow

$8.06M

Previous: $25.2M-68.0%
Net Income

$8.1M

Previous: $38.7M-79.1%
Operating Income

$15.7M

Previous: $16.9M-7.3%
Gross Profit

$90.6M

Previous: $79M+14.7%
Cash & Equivalents

$138M

Previous: $161M-14.7%
Total Assets

$497M

Previous: $513M-3.0%
Stock-Based Comp

$90K

Previous: $275K-67.3%

Revenue & EPS history

IDT · Revenue · Quarterly

$329M

Q4 2022-15.6%vs Q4 2021
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

IDT · $212M total across 4 segments · Q4 2022

  • IDT Global
    $141M
  • National Retail Solutions
    $26.3M
  • BOSS Money
    $23.2M
  • net2phone
    $22.1M

Forward guidance

Looking ahead, IDT anticipates that the continued growth of their high-margin fintech and cloud communications businesses and of their Mobile Top-Up offerings will further, significantly improve IDT’s consolidated Adjusted EBITDA, more than offsetting the continued decreasing contributions that they expect from the BOSS Revolution Calling and IDT Global businesses within their lower margin Traditional Communications segment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+2.1%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

61%

40 / 66 earnings

Positive

+45.4%

Q4 2020

Best reaction

-20.9%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+2.7%+3.7%
Q2 2026-3.9%-7.4%-3.8%
Q1 2026-3.0%+0.1%+0.6%
Q4 2025-18.4%-22.7%-20.9%
Q3 2025-0.2%+1.6%-3.8%
Q2 2025+10.2%+6.1%+5.9%
Q1 2025+5.4%+5.3%-5.6%
Q4 2024+22.3%+26.0%+31.1%
Q3 2024-5.9%-8.0%-10.2%
Q2 2024-1.6%+1.8%-0.2%
Q1 2024+1.5%+5.2%+14.3%
Q4 2023+4.5%+8.2%+2.9%
Q3 2023-5.1%-13.2%-19.3%
Q2 2023+4.7%+9.1%+7.2%
Q1 2023+11.6%+9.3%+2.5%
Q4 2022+10.9%+5.7%+6.7%
Q3 2022-1.7%-11.9%-13.9%
Q2 2022-2.0%-4.5%-1.9%
Q1 2022-4.0%-9.0%-13.3%
Q4 2021+10.6%+14.9%+25.7%
Q3 2021+15.0%+35.3%+53.9%
Q2 2021+4.1%+13.5%+25.7%
Q1 2021+12.2%+8.4%-0.8%
Q4 2020+45.4%+69.6%+44.8%
Q3 2020+2.5%-5.5%-5.5%
Q2 2020-12.1%-19.2%-36.1%
Q1 2020-6.1%-7.5%-1.7%
Q4 2019-0.9%-5.1%-25.4%
Q3 2019+8.3%+14.0%+71.3%
Q2 2019+5.8%+11.0%+17.5%
Q1 2019-6.4%-6.7%-18.3%
Q4 2018+40.9%+49.8%+44.3%
Q3 2018+22.9%+15.2%+10.3%
Q2 2018+0.1%-2.3%-42.2%
Q1 2018-19.4%-26.6%-30.1%
Q4 2017-5.6%-4.6%-7.8%
Q3 2017-20.3%-15.8%-17.5%
Q2 2017-20.5%-32.2%-32.6%
Q1 2017-9.8%-14.3%-15.2%
Q4 2016+7.3%+7.6%+10.7%
Q3 2016+7.1%+10.1%+19.7%
Q2 2016+3.8%
Q1 2016+12.0%
Q4 2015-9.6%
Q3 2015+5.5%
Q2 2015-20.9%
Q1 2015-0.1%
Q4 2014-10.6%
Q3 2014+4.1%
Q2 2014-6.1%
Q1 2014-10.5%
Q4 2010+5.4%
Q4 2013+6.7%
Q3 2013+9.9%
Q2 2012+4.9%
Q2 2013+0.6%
Q1 2013+0.6%
Q2 2011+1.5%
Q4 2012-2.8%
Q3 2011+5.9%
Q3 2012+3.7%
Q4 2011+0.8%
Q1 2012+0.8%
Q1 2011+0.8%
Q3 2010+8.3%
Q2 2010+15.9%

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