IDT Corporation (IDT) SEC Filings & Earnings Calls

Controlled Company / Founder Control

“The Company qualifies as a 'controlled company' ... because more than 50% of the voting power of the Company is controlled by one individual, Howard S. Jonas” · word for word

Related Party Transactions

“There is a father/son relationship between Howard S. Jonas ... and Shmuel Jonas, Chief Executive Officer. ... There is a brother/sister relationship between Howard S. Jonas and Joyce J. Mason” · word for word

Immigration enforcement impact on retailer base

“store closures, including closures in certain localized markets that we believe have been affected by increased immigration enforcement activity” · word for word

Remittance excise tax impact

“On July 4, 2025, the One Big Beautiful Bill Act imposed a one percent excise tax on certain remittance transfers, which took effect for transfers made after December 31, 2025.” · word for word

Digital advertising CPM decline

“CPMs across the digital advertising industry declined during fiscal 2026, in part because leading streaming services launched ad-supported tiers that substantially expanded the supply of digital advertising inventory, and NRS’ Advertising & Data revenue declined in fiscal 2026 as compared with fiscal 2025 as a result of those rate declines and the loss of a ” · word for word

Traditional Communications segment gross profit declined 4% in FY2026, indicating potential structural headwinds in legacy business.

“Traditional Communications Gross profit: (4)% to $162.6 million”

Minimal; routine credit facility amendment

“Extension of maturity and modest capacity increase; no material change in terms.”

Traditional Communications Structural Decline

“The decline in BOSS Revolution revenues reflected industry-wide trends, including the proliferation of unlimited calling plans and free over-the-top voice and messaging services, which have reduced demand for prepaid international calling plans.” · word for word

AI Technology Integration Risk

“An emerging component of our growth strategy involves the adoption, integration, and effective utilization of AI technologies across our products, services, and internal operations, which introduces significant and evolving risks.” · word for word

Traditional Communications structural decline

“The increases were partially offset by a decline in BOSS Revolution revenues, reflecting industry-wide trends, including the proliferation of unlimited calling plans and free over-the-top voice and messaging services, which have reduced demand for prepaid international calling plans.”

Sales tax liability exposure

“It is possible that one or more jurisdictions may assert that we have liability for periods for which we have not collected sales, use or other similar taxes, and if such an assertion or assertions were successful it could materially and adversely affect our business, financial position, and operating results.” · word for word

Advertising & Data revenue declined 10% YoY due to lower CPM rates, indicating headwinds in ad-supported revenue.

“Advertising & Data $ 9.0 $ 7.2 $ 10.0 (10 )%” · word for word

Traditional Communications segment Adjusted EBITDA declined from prior year, though stable sequentially.

“Traditional Communications remained a strong cash generator. The segment contributed $19 million in Adjusted EBITDA during the second quarter – a decrease from the year ago quarter” · word for word

Traditional Communications structural decline

“This decrease was driven primarily by BOSS Revolution, reflecting industry-wide trends, including the proliferation of unlimited calling plans and over-the-top voice and messaging services.” · word for word

Sales tax liability risk

“It is possible that one or more jurisdictions may assert that we have liability for periods for which we have not collected sales, use or other similar taxes, and if such an assertion or assertions were successful it could materially and adversely affect our business, financial position, and operating results.” · word for word

Working capital volatility from settlement cycles

“This weekly cycle constitutes a significant use of the Company’s working capital, and, as such, the day of the week on which the quarter ends can have significant impacts on working capital levels.” · word for word

BOSS Money digital channel may be impacted by new federal excise tax on cash remittances starting January 1.

“implementation of the new federal excise tax on cash remittances begins on January 1st” · word for word

Controlled Company Governance Risk

“Howard S. Jonas controls 70.5% of aggregate voting power, allowing him to control all matters requiring stockholder approval.”

Related Party Transaction Risk

“Multiple related party transactions disclosed, including with Genie Energy, Zedge, Rafael Holdings, and CTM Media Group, all entities controlled by Howard Jonas or family members.”