Reports Q3 revenue $299.64M vs. $299.3M last year. The company said, “IDT‘s three high-growth, high-margin businesses again delivered strong results in the third quarter, contributing to a 310-basis point improvement in our consolidated gross margin. NRS has surpassed the 30 thousand active terminal milestone, making it the largest POS network for C-stores in the country. At net2phone, Adjusted EBITDA doubled year-over-year in the current quarter, as the business continues to scale and improve its operating leverage. And at BOSS Money, our balanced, omni-channel approach to customer acquisition and focus on customer service and user experience drove another quarter of strong revenue increases, helping the Fintech segment to its first Adjusted EBITDA positive quarter.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IDT:
- BOSS Money Introduces Domestic Money Transfers; Expands Delivery and Payment Options
- IDT Corporation to Report Third Quarter Fiscal 2024 Results
- IDT Boss Money says customers sent record transfers week prior to Mother’s Day
- BOSS Money Customers Sent Cash Home to Mom at a Record Rate
- NRSInsights says April same-store sales increased 2.5%