NRSInsights’ December 2025 Retail Same-Store Sales Report
December same-store sales increased 4.5% year-over-year
The average price paid for the top 500 items in December increased 2.3% year-over-year
NEWARK, N.J., Jan. 09, 2026 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for December 2025.
As of December 31, 2025, the NRS retail network comprised approximately 38,700 active terminals nationwide, scanning purchases at approximately 33,200 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.
December Highlights
(Same-store sales, unit sales, transactions, and average price data refer to December 2025 and are compared to December 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)
SALES
Same-store sales increased 4.5% year-over-year. In the previous month (November 2025), same-store sales increased 3.8% year-over-year.
Same-store sales increased 1.2% compared to the previous month (November 2025). Same-store sales in November 2025 decreased 0.7% compared to the previous month (October 2025).
For the three months ended December 31, 2025, same-store sales increased 4.2% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 1.7% year-over-year. In the previous month (November 2025), units sold increased 0.9% year-over-year.
Units sold decreased 0.4% compared to the previous month (November 2025). Units sold in November 2025 decreased 0.9% compared to the previous month (October 2025).
BASKETS (TRANSACTIONS) PER STORE
Baskets decreased 0.5% year-over-year. In the previous month (November 2025), baskets decreased 0.9% year-over-year.
Baskets decreased 3.0% compared to the previous month (November 2025). Baskets in November 2025 decreased 3.7% compared to the previous month (October 2025).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased in December increased 2.3% year-over-year, a slight increase from the 3.1% year-over-year increase in November 2025.
Retail Trade Comparative Data
As a result of the recent government shutdown, U.S. Commerce Department’s Advance Monthly Retail Trade comparative same-store sales data excluding food service has not been released.
Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)
“December capped off the year with solid same-store dollar growth. Sales increased 4.5% year over year, supported by a 1.7% rise in units sold, while inflationary pressure eased.
“Larger basket sizes and strong category performance helped drive the sales increase overcoming a slight dip in transactions.
“Cigarettes, prepared cocktails, smokeless tobacco, energy drinks, and rolling papers led the month’s increase, reflecting continued demand for convenience and adult-use categories.”
NRSInsights Reports
The NRSInsights monthly Retail Same-Store Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of December 2025 with December 2024 are derived from approximately 217 million transactions processed through the approximately 24,300 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of December 2025 with November 2025 are derived from approximately 266 million transactions processed through approximately 32,200 stores.
Same-store data comparisons for the three months ended December 31, 2025 with the year-ago three months are derived from approximately 644 million transactions processed through those stores that scanned transactions in both three-month periods.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 205 of the 210 designated market areas (DMAs) in the United States, and in Canada. During December 2025, NRS’ POS terminals processed $2.2 billion in sales (+15% year-over-year) across 136 million transactions.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Brandon Thurber VP, Data Sales & Client Success at NRS National Retail Solutions Brandon.Thurber@nrsplus.com
NRSInsights’ November 2025 Retail Same-Store Sales Report
November same-store sales increased 3.8% year-over-year
The average price paid for the top 500 items in November increased 3.1% year-over-year
NEWARK, N.J., Dec. 09, 2025 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for November 2025.
As of November 30, 2025, the NRS retail network comprised approximately 38,000 active terminals nationwide, scanning purchases at approximately 32,900 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.
November Highlights
(Same-store sales, unit sales, transactions, and average price data refer to November 2025 and are compared to November 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)
SALES
Same-store sales increased 3.8% year-over-year. In the previous month (October 2025), same-store sales increased 5.7% year-over-year.
Same-store sales decreased 0.7% compared to the previous month (October 2025). Same-store sales in October 2025 also decreased 0.7% compared to the previous month (September 2025).
For the three months ended November 30, 2025, same-store sales increased 4.6% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 0.9% year-over-year. In the previous month (October 2025), units sold increased 1.3% year-over-year.
Units sold decreased 0.9% compared to the previous month (October 2025). Units sold in October 2025 decreased 1.8% compared to the previous month (September 2025).
BASKETS (TRANSACTIONS) PER STORE
Baskets decreased 0.9% year-over-year. In the previous month (October 2025), baskets increased 0.1% year-over-year.
Baskets decreased 3.7% compared to the previous month (October 2025). Baskets in October 2025 decreased 2.6% compared to the previous month (September 2025).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased in November increased 3.1% year-over-year, a slight increase from the 3.0% year-over-year increase in October 2025.
Retail Trade Comparative Data
As a result of the recent government shutdown, U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service for October has not been released.
Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)
“NRS’ independent retailer network generated steady momentum in November, with transactions up 0.9% and dollar sales increasing 3.8% versus November a year ago.
“Growth was driven by continued strong performance in key convenience categories, including cigarettes, RTD cocktails, smokeless tobacco, and energy beverages.
“Our measure of inflation in November reached 3.1%, its highest level this year and a slight increase from the 3.0% recorded in October.
“These results highlight the resilience of everyday convenience spending and the value our retailers provide to their local communities.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of November 2025 with November 2024 are derived from approximately 216 million transactions processed through the approximately 24,000 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of November 2025 with October 2025 are derived from approximately 272 million transactions processed through approximately 32,000 stores.
Same-store data comparisons for the three months ended November 30, 2025 with the year-ago three months are derived from approximately 651 million transactions processed through those stores that scanned transactions in both three-month periods.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 205 of the 210 designated market areas (DMAs) in the United States, and in Canada. During November 2025, NRS’ POS terminals processed $2.07 billion in sales (+14% year-over-year) across 135 million transactions.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Brandon Thurber VP, Data Sales & Client Success at NRS National Retail Solutions Brandon.Thurber@nrsplus.com
IDT Corporation Reports First Quarter Fiscal Year 2026 Results
Income from operations at NRS, Fintech and net2phone segments increase by 35%, 97% and 94%, respectively Record quarterly levels of consolidated gross profit, Adjusted EBITDA* and Adjusted EBITDA margin*
NEWARK, NJ, Dec. 04, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, today reported results for the first quarter of its fiscal year 2026, the three months ended October 31, 2025.
1Q26 HIGHLIGHTS
Throughout this release, unless otherwise noted, results for the first quarter of fiscal year 2026 (1Q26) are compared to the first quarter of fiscal year 2025 (1Q25).
Segments
NRS
Recurring revenue: +22% to $35.3 million;
Income from operations: +35% to $8.9 million;
Adjusted EBITDA*: +33% to $10.3 million;
‘Rule of 40’* score: 50;
Fintech
BOSS Money digital revenue: +20% to $27.9 million;
Fintech total revenue: +15% to $42.7 million;
Income from operations: +97% to $6.4 million;
Adjusted EBITDA: +87% to $7.5 million;
net2phone
Subscription revenue: +10% to $23.0 million;
Income from operations: +94% to $1.9 million;
Adjusted EBITDA: +44% to $3.6 million;
Traditional Communications
Revenue: (0.5)% to $219.5 million;
Income from operations: +1% to $15.8 million;
Adjusted EBITDA: +2% to $18.9 million;
IDT Consolidated
Revenue: +4% to $322.8 million;
Gross profit / margin: +10% to $118.2 million / +180 bps to 36.6%;
Income from operations: +31% to $30.9 million;
Net income attributable to IDT: +30% to $22.3 million;
GAAP EPS: Increased to $0.89 from $0.68;
Non-GAAP EPS*: Increased to $0.94 from $0.71;
Adjusted EBITDA: +26% to $37.9 million;
CapEx: +10% to $5.8 million;
Repurchases of IDT Common Stock: 158 thousand shares for $7.6 million
*This release discloses certain Non-GAAP financial measures [Adjusted EBITDA, Adjusted EBITDA margin, Non-GAAP EPS, NRS ‘Rule of 40,’ and adjusted net cash provided by operating activities] as well as certain Key Performance Metrics [net2phone subscription revenue, NRS monthly average recurring revenue per terminal, and BOSS Money digital and retail transactions, average BOSS Money revenue per transaction, and BOSS Money digital channel send volume.] Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations of non-GAAP measures to their closest GAAP measures at the end of this release.
REMARKS BY SHMUEL JONAS, CEO
IDT delivered consolidated revenue growth and record levels of gross profit and Adjusted EBITDA in the first quarter. NRS led the top-line expansion, while all three of our growth segments reported strong bottom-line results. Our Traditional Communications segment again provided steady cash generation.
NRS recurring revenue increased 22% year-over-year, helping to drive a 35% increase in income from operations and a 33% increase in Adjusted EBITDA. This quarter we continued to launch and build-out innovative premium services – delivery integrations, couponing, and product data scan programs to name a few. Our premium offerings are becoming important growth drivers, and factored into the large increase in average recurring revenue per terminal* this quarter. There is tremendous opportunity for additional, long-term growth through innovation both in NRS’s current and in adjacent markets.
At BOSS Money, our digital channel continues to outperform retail, and that trend may accelerate as implementation of the new federal excise tax on cash remittances begins on January 1st. The Fintech segment’s income from operations and Adjusted EBITDA nearly doubled year-over-year, aided by BOSS Money’s increasing operating leverage and the enhanced profitability of other, smaller Fintech initiatives. Our push to integrate tailored AI and machine learning into BOSS Money customer service and fraud detection activities have helped to significantly improve unit economics. Looking ahead, we will soon introduce the first generation of the BOSS Wallet, enabling our U.S. customers to share cash and receive rewards.
During the quarter, net2phone began offering its AI agent to both our existing and new customers, and added our Coach AI solution at the quarter’s end. Increasingly, our customers are ordering multiple net2phone offerings to enhance their operations and streamline workflows. As a result, we have pivoted from stand-alone product offerings to holistic solutions comprised of multiple offerings tailored to customers’ communications and workflows. This approach plays to net2phone’s product and distribution strengths, and we are very excited about the potential as we continue to add AI solutions.
On a final note, the Delaware Supreme Court in a ruling issued yesterday affirmed the decision of the Court of Chancery dismissing all claims against IDT in the Straight Path class action suit, and we are very pleased that this case has now been favorably resolved.
1Q26 RESULTS BY SEGMENT
National Retail Solutions (NRS)
(in millions except for active POS terminals, payment processing accounts, recurring revenue per terminal, and gross profit margin)
1Q26
4Q25
1Q25
1Q26-1Q25 (% Δ)
Terminals and payment processing accounts
Active POS terminals
37,900
37,200
33,100
4,800
Payment processing accounts
27,300
26,500
22,700
4,600
Recurring revenue
Merchant Services & Other
$
23.8
$
21.8
$
17.2
+38
%
Advertising and Data
$
7.3
$
6.8
$
8.5
(15
)%
SaaS Fees
$
4.2
$
4.1
$
3.3
+30
%
Total recurring revenue
$
35.3
$
32.6
$
28.9
+22
%
POS Terminal Sales
$
1.8
$
1.7
$
1.4
+26
%
Total revenue
$
37.1
$
34.3
$
30.4
+22
%
Monthly average recurring revenue per terminal*
$
313
$
299
$
295
+6
%
Gross profit
$
33.5
$
30.5
$
27.6
+21
%
Gross profit margin
90.2
%
88.9
%
91.0
%
(80) bps
Technology & development
$
2.7
$
2.3
$
2.0
+33
%
SG&A
$
21.9
$
20.0
$
19.0
+15
%
Income from operations
$
8.9
$
5.8
$
6.6
+35
%
Adjusted EBITDA
$
10.3
$
9.5
$
7.7
+33
%
CapEx
$
1.6
$
1.3
$
1.2
+32
%
NRS Take-Aways
•
NRS added approximately 800 net active terminals and net payment processing accounts during 1Q26. The net additions in 1Q26 reflected the expected seasonal churn of retailers that were active in the summer as well as other non-seasonal drivers. NRS has begun to implement initiatives to address non-seasonal churn and boost new sales.
•
NRS continues to expand retail delivery options for participating merchants. Earlier in CY 2025, NRS partnered with DoorDash and began the process of activating priority NRS retailers. Participating NRS stores with the DoorDash direct integration are seeing meaningful increases in revenues and order volumes. During 1Q26, NRS also launched a direct integration service with Grubhub and the process of store activation with participating NRS retailers is now underway.
•
The year-over-year increases in Merchant Services (+38%) and SaaS Fees (+30%) revenue more than offset a decline in Advertising & Data revenue (-15%) to drive average recurring revenue per terminal to $313 from $295. Merchant Services primary growth drivers include the increase in active payment processing accounts, increased customers’ utilization of credit and debit cards versus cash, and increased same-store sales. SaaS Fees growth drivers include the increase in active terminals and increasing retailer adoption of premium terminal software plans and services.
•
The year-over-year decrease in Advertising & Data revenue reflects, in part, the industry-wide decline in CPMs resulting from the expansion of inventories as leading streaming services have launched ad-supported tiers. The sequential revenue increase was driven by NRS’s direct channel sales.
BOSS Money and Fintech Segment
(in millions except for average revenue per transaction and gross profit margin)
1Q26
4Q25
1Q25
1Q26-1Q25 (% Δ, $)
BOSS Money Transactions*
6.6
6.6
5.6
+18
%
Digital channel
5.5
5.5
4.5
+22
%
Retail channel
1.1
1.1
1.1
0
%
Fintech Segment Revenue
BOSS Money
$
38.3
$
38.2
$
33.7
+14
%
Digital channel
$
27.9
$
27.6
$
23.3
+20
%
Retail channel
$
10.4
$
10.6
$
10.4
+0
%
Other
$
4.4
$
3.9
$
3.4
+31
%
Total Fintech Segment Revenue
$
42.7
$
42.1
$
37.1
+15
%
Average BOSS Money revenue per transaction*
$
5.79
$
5.81
$
6.01
(4
)%
Fintech Segment
Gross profit
$
25.5
$
24.9
$
21.6
+18
%
Gross profit margin
59.8
%
59.1
%
58.2
%
160 bps
Technology & development
$
2.5
$
2.3
$
2.3
+9
%
SG&A
$
16.7
$
17.8
$
16.1
+4
%
Income from operations
$
6.4
$
4.8
$
3.2
+97
%
Adjusted EBITDA
$
7.5
$
5.5
$
4.0
+87
%
CapEx
$
0.8
$
0.8
$
1.1
(23
)%
BOSS Money and Fintech Take-Aways:
•
Digital channel send volume*, namely, the amount of principal transferred by BOSS Money customers using the BOSS Money and BOSS Revolution apps, increased by 34% in 1Q26 compared to 1Q25 reflecting both the increased transaction volume and increased average dollars sent per transaction.
•
The Fintech segment’s robust income from operations and Adjusted EBITDA growth was driven by BOSS Money transaction growth and decreases in unit digital sales chargebacks, payout commission, and other operating costs.
net2phone
(Seats in thousands. All others except gross profit margin in millions)
1Q26
4Q25
1Q25
1Q26-1Q25 (% Δ, $)
Seats
432
422
406
+7
%
Revenue
Subscription revenue*
$
23.0
$
22.2
$
21.0
+10
%
Other revenue
$
0.4
$
0.5
$
0.6
(34
)%
Total Revenue
$
23.5
$
22.8
$
21.6
+9
%
Gross profit
$
18.7
$
18.1
$
17.1
+10
%
Gross profit margin
79.9
%
79.5
%
79.0
%
+90 bps
Technology & development
$
3.0
$
3.0
$
3.0
+3
%
SG&A
$
13.7
$
13.3
$
13.1
+5
%
Income from operations
$
1.9
$
1.5
$
1.0
+94
%
Adjusted EBITDA
$
3.6
$
3.5
$
2.5
+44
%
CapEx
$
1.8
$
1.7
$
1.6
+10
%
net2phone Take-Aways:
•
Subscription revenue increased by 10% year over year, reflecting the increase in seats served augmented by an increase in higher average revenue CCaaS seats.
•
In 1Q26, net2phone realized the first sales of its AI agent, and, at quarter’s end, launched its AI coaching agent, Coach.
•
net2phone generated substantial year-over-year increases in income from operations and Adjusted EBITDA in 1Q26. Despite accelerating its strategic investments in AI product development, net2phone was able to increase profitability as it continued to benefit from increased operating leverage as its business scales.
Traditional Communications
(in millions except gross profit margin)
1Q26
4Q25
1Q25
1Q26-1Q25 (% Δ)
Revenue
IDT Digital Payments
$
107.1
$
107.0
$
105.1
+2%
BOSS Revolution
$
47.0
$
49.3
$
56.8
(17
)%
IDT Global
$
59.6
$
55.9
$
52.4
+14%
Other
$
5.8
$
5.3
$
6.2
(5
)%
Total Revenue
$
219.5
$
217.4
$
220.5
(0.5
)%
Gross profit
$
40.4
$
41.0
$
41.3
(2
)%
Gross profit margin
18.4
%
18.8
%
18.8
%
(40) bps
Technology & development
$
5.5
$
5.3
$
5.5
(1
)%
SG&A
$
19.0
$
19.9
$
20.0
(5
)%
Income from operations
$
15.8
$
15.4
$
15.7
+1%
Adjusted EBITDA
$
18.9
$
17.8
$
18.4
+2%
CapEx
$
1.5
$
1.4
$
1.4
+13%
Traditional Communications Take-Aways:
•
IDT Digital Payments’ gross profit contribution continued to increase as customers migrate their purchasing experience from retail to higher margin digital channels. The Zendit B2B platform increased revenue by over 90% year-over-year with growth across its mobile top-up, prepaid gift card and e-sim verticals.
•
IDT’s ongoing efforts to reduce operational costs resulted in a 5% decrease in the segment’s SG&A expense, enabling the increases in segment-level income from operations and Adjusted EBITDA.
OTHER FINANCIAL RESULTS
Consolidated results for all periods presented include corporate overhead. Corporate G&A expense decreased 6% to $2.7 million in 1Q26 from $2.9 million in 1Q25.
As of October 31, 2025, IDT held $220.0 million in cash, cash equivalents, debt securities, and current equity investments, exclusive of restricted cash. Also as of October 31, 2025, current assets totaled $550.5 million and current liabilities totaled $305.4 million. IDT had no outstanding debt at the quarter end.
Net cash used in operating activities in 1Q26 was $10.1 million compared to net cash provided by operating activities of $164 thousand in 1Q25. Exclusive of changes in customer funds deposits at IDT’s Fintech segment, adjusted net cash used in operating activities* in 1Q26 was $20.7 million compared to $2.6 million used in 1Q25. The decline in cash is due entirely to working capital timing, as 1Q26 ended on a Friday, which is almost always the day of the week where cash levels are at their lowest, due to prepaid weekend funding requirements for IDT’s BOSS Money remittance business.
Capital expenditures increased to $5.8 million in 1Q26 from $5.3 million in 1Q25.
FY 2026 FINANCIAL OUTLOOK
As mentioned in last quarter’s (4Q25) earnings release, starting with 1Q26 IDT has revised its non-GAAP Adjusted EBITDA definition to exclude non-cash compensation expense. Prior period results have been adjusted to the new definition. The FY 2026 Reclassification table at the end of this release provides a reconciliation to the former Adjusted EBITDA measure.
IDT maintains its previous FY 2026 guidance (which had been given using the revised Adjusted EBITDA definitions) – expecting to generate Adjusted EBITDA within the range of $141-$145 million.
Reconciliations of Adjusted EBITDA to net income and income from operations for all periods presented are included in the Non-GAAP reconciliations provided at the end of this release.
DIVIDEND
The Board of Directors of IDT Corporation declared a quarterly cash dividend of $0.06 per share of IDT Common stock payable on December 23, 2025 to stockholders of record as of December 15, 2025.
IDT EARNINGS ANNOUNCEMENT INFORMATION
This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.
IDT will host an earnings conference call beginning at 5:30 PM Eastern today with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the U.S.) or 1-973-528-0011 (international) and provide the following access code: 586702.
A replay of the conference call will be available approximately three hours after the call concludes through December 18, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the U.S.) or 1-919-882-2331 (international) and provide this replay passcode: 53127. The replay will also be accessible via streaming audio at the IDT investor relations website.
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
Trade accounts receivable, net of allowance for credit losses of $9,321 at October 31, 2025 and $9,097 at July 31, 2025
42,562
42,867
Settlement assets, net of reserve of $1,532 at October 31, 2025 and $1,367 at July 31, 2025
46,475
28,014
Disbursement prefunding
75,953
37,097
Prepaid expenses
12,439
14,505
Other current assets
29,203
28,702
Total current assets
550,528
520,303
Property, plant, and equipment, net
39,765
38,869
Goodwill
26,548
26,488
Other intangibles, net
4,739
5,056
Equity investments
4,650
6,658
Operating lease right-of-use assets
1,644
1,878
Deferred income tax assets, net
18,779
18,790
Other assets
8,259
8,161
Total assets
$
654,912
$
626,203
Liabilities, redeemable noncontrolling interest, and equity
Current liabilities:
Trade accounts payable
$
14,582
$
19,435
Accrued expenses
91,871
97,295
Deferred revenue
28,627
27,726
Customer funds deposits
124,932
114,708
Settlement liabilities
15,105
13,922
Other current liabilities
30,305
19,910
Total current liabilities
305,422
$
292,996
Operating lease liabilities
904
1,103
Other liabilities
926
1,688
Total liabilities
307,252
295,787
Commitments and contingencies
Redeemable noncontrolling interest
11,643
11,459
Equity:
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares-10,000; no shares issued
–
–
Class A common stock, $.01 par value; authorized shares-35,000; 3,272 shares issued and 1,574 shares outstanding at October 31, 2025 and July 31, 2025
33
33
Class B common stock, $.01 par value; authorized shares-200,000; 28,529 and 28,528 shares issued and 23,499 and 23,656 shares outstanding at October 31, 2025 and July 31, 2025, respectively
285
285
Additional paid-in capital
310,126
308,111
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 5,030 and 4,872 shares of Class B common stock at October 31, 2025 and July 31, 2025, respectively
(151,457
)
(143,853
)
Accumulated other comprehensive loss
(16,268
)
(16,569
)
Retained earnings
177,972
157,124
Total IDT Corporation stockholders’ equity
320,691
305,131
Noncontrolling interests
15,326
13,826
Total equity
336,017
318,957
Total liabilities, redeemable noncontrolling interest, and equity
$
654,912
$
626,203
IDT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
Three Months Ended October 31,
2025
2024
(in thousands, except per share data)
Revenues
$
322,752
$
309,566
Direct cost of revenues
204,573
201,939
Gross profit
118,179
107,627
Operating expenses (income):
Selling, general and administrative
74,007
71,051
Technology and development
13,631
12,759
Severance
204
177
Other operating income, net
(589
)
–
Total operating expenses
87,253
83,987
Income from operations
30,926
23,640
Interest income, net
1,708
1,428
Other expense, net
(467
)
(283
)
Income before income taxes
32,167
24,785
Provision for income taxes
(8,071
)
(6,302
)
Net income
24,096
18,483
Net income attributable to noncontrolling interests
(1,734
)
(1,234
)
Net income attributable to IDT Corporation
$
22,362
$
17,249
Earnings per share attributable to IDT Corporation common stockholders:
Basic
$
0.89
$
0.68
Diluted
$
0.89
$
0.68
Weighted-average number of shares used in calculation of earnings per share:
Basic
25,183
25,204
Diluted
25,193
25,363
Stock-based compensation included in total operating expenses:
$
2,015
$
912
IDT CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Three Months Ended October 31,
2025
2024
(in thousands)
Operating activities
Net income
$
24,096
$
18,483
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization
5,305
5,241
Deferred income taxes
11
5,485
Provision for credit losses and reserve for settlement assets
929
1,002
Stock-based compensation
2,015
912
Other
1,449
692
Changes in assets and liabilities:
Trade accounts receivable
1,270
689
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets
(56,417
)
(21,269
)
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities
(350
)
(12,771
)
Customer funds deposits
10,608
2,810
Deferred revenue
944
(1,110
)
Net cash (used in) provided by operating activities
(10,140
)
164
Investing activities
Capital expenditures
(5,821
)
(5,278
)
Purchase of convertible preferred stock in equity method investment
–
(673
)
Purchases of debt securities and equity investments
(16,061
)
(12,669
)
Proceeds from maturities and sales of debt securities and redemption of equity investments
12,684
9,878
Net cash used in investing activities
(9,198
)
(8,742
)
Financing activities
Dividends paid
(1,514
)
(1,261
)
Distributions to noncontrolling interests
(50
)
–
Proceeds from borrowings under revolving credit facility
12,713
14,243
Repayment of borrowings under revolving credit facility
(12,713
)
(14,243
)
Repurchases of Class B common stock
(7,604
)
(2,432
)
Net cash used in financing activities
(9,168
)
(3,693
)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents
(160
)
28
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents
(28,666
)
(12,243
)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period
341,832
255,456
Cash, cash equivalents, and restricted cash and cash equivalents at end of period
$
313,166
$
243,213
Supplemental Schedule of Non-Cash Financing Activities
Shares of the Company’s Class B common stock issued to an executive officer for bonus payment
$
–
$
1,824
FY 2026 Reclassification
Effective fiscal 1Q26, the Company revised its non-GAAP Adjusted EBITDA definition to exclude non-cash compensation expense. Prior period results were adjusted to the new definition.
The revision is intended to make IDT’s measure of Adjusted EBITDA more directly comparable to those reported by IDT’s peers while more closely reflecting consolidated and segment level operating cash flows.
The table below reconciles the revised measure of IDT’s non-GAAP Adjusted EBITDA to the measure previously provided for each quarter and full year FY 2024, FY 2025, and for 1Q26 and the trailing twelve months (TTM) ended October 1, 2025:
1Q24
2Q24
3Q24
4Q24
FY 2024
1Q25
2Q25
3Q25
4Q25
FY 2025
1Q26
TTM
Current Measure
National Retail Solutions (NRS)
6.4
6.3
5.8
7.7
26.2
7.7
10.3
7.8
9.5
35.4
10.3
37.9
Fintech
-0.6
0.1
0.3
1.5
1.3
4.0
3.9
5.1
5.5
18.6
7.5
22.0
net2phone
1.5
1.8
2.1
2.5
7.9
2.5
2.9
3.2
3.5
12.1
3.6
13.2
Traditional Communications
18.5
18.9
16.7
17.6
71.7
18.4
20.6
19.6
17.8
76.4
18.9
76.8
Corporate
-2.7
-2.9
-2.2
-2.1
-9.9
-2.8
-2.8
-2.6
-2.5
-10.7
-2.4
-10.3
IDT Consolidated
23.0
24.2
22.7
27.2
97.1
30.0
34.9
33.1
33.8
131.7
37.9
139.6
Non-Cash Compensation
National Retail Solutions (NRS)
0.2
0.2
0.2
0.6
1.2
0.2
0.2
0.6
0.2
1.1
0.2
1.2
Fintech
0.1
0.1
0.1
0.0
0.3
0.0
0.1
0.1
0.0
0.2
0.3
0.5
net2phone
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Traditional Communications
0.4
2.0
1.8
1.3
5.4
0.6
0.3
0.3
0.2
1.4
1.1
1.9
Corporate
0.1
0.3
0.1
0.1
0.5
0.1
0.3
0.0
0.0
0.4
0.3
0.6
IDT Consolidated
0.8
2.5
2.1
2.0
7.4
0.9
0.9
0.9
0.4
3.1
2.0
4.2
Previous Measure
National Retail Solutions (NRS)
6.2
6.1
5.6
7.1
25.0
7.6
10.1
7.2
9.3
34.2
10.1
36.7
Fintech
-0.7
0.0
0.2
1.5
1.1
4.0
3.9
5.0
5.5
18.4
7.1
21.6
net2phone
1.4
1.8
2.1
2.5
7.9
2.5
2.9
3.2
3.5
12.1
3.6
13.1
Traditional Communications
18.1
17.0
14.9
16.3
66.3
17.8
20.2
19.3
17.6
75.0
17.7
74.9
Corporate
-2.8
-3.2
-2.3
-2.2
-10.4
-2.9
-3.1
-2.6
-2.5
-11.1
-2.7
-10.9
IDT Consolidated
22.3
21.8
20.6
25.2
89.7
29.1
34.0
32.2
33.4
128.7
35.8
135.5
Reconciliation of Non-GAAP Financial Measures for the First Quarter Fiscal 2026 and 2025
In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 1Q26, 4Q25, and 1Q25, among other quarters (b) non-GAAP earnings per diluted share (Non-GAAP EPS) for 1Q26 and 1Q25 (c) NRS’ ‘Rule of 40’ score for 1Q26 and (d) non-GAAP adjusted net cash provided by or used in operating activities for 1Q26 and 1Q25. These are non-GAAP financial measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP. The following explains these terms and their respective reconciliations to the most directly comparable GAAP measures.
Generally, a non-GAAP measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.
IDT’s measure of Adjusted EBITDA starts with net income from operations in accordance with GAAP and adds depreciation and amortization, severance expense, stock-based compensation, and other operating expenses, and deducts other operating income.
IDT’s measure of Non-GAAP EPS is calculated by dividing non-GAAP net income by the diluted weighted-average shares. IDT’s measure of non-GAAP net income starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating income. These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2026 and fiscal 2025 periods.
Management believes that IDT’s Adjusted EBITDA and Non-GAAP EPS are measures which provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA and Non-GAAP EPS to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allow for greater transparency of the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.
Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.
While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.
Severance expense is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.
Other operating income (expense), net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net primarily includes legal fees net of insurance claims related to Straight Path Communications Inc.’s stockholders’ class action, legal settlements, and gains from the write-off of contingent consideration liabilities. From time-to-time, IDT may have gains or incur costs related to non-routine legal, tax, and other matters, however, these various items generally do not occur each quarter. IDT believes the gain and losses from these non-routine matters are not components of IDT’s or the relevant segment’s core operating results.
Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of Adjusted EBITDA and Non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business with the results of other companies. Stock-based compensation continues to be a significant expense for IDT and an important part of employees’ compensation that impacts their performance.
Adjusted EBITDA and Non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA and Non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.
The ‘Rule of 40’ score is a metric used to evaluate the performance of SaaS providers. It postulates that a SaaS provider’s revenue growth rate plus its EBITDA margin should equal or exceed 40 percent. The ‘Rule of 40’ is typically used to assess a company’s balance between growth and profitability. A total of over 40 is thought to indicate a healthy combination of expansion and financial stability, making it a useful tool for management and investors to gauge the potential for long-term success and make informed decisions about resource allocation and business strategy.
NRS’ ‘Rule of 40′ score is computed by adding (a) the growth rate of NRS’ recurring revenue for the relevant period compared to the corresponding year ago period to (b) NRS’ Adjusted EBITDA margin for the twelve-month period through the end of the current period. NRS’ recurring revenue is calculated by subtracting NRS’ revenue from POS terminal sales from its total GAAP revenue. Adjusted EBITDA is a non-GAAP measure as discussed above. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by GAAP revenue for the relevant period.
IDT’s Non-GAAP adjusted measure of net cash provided by operating activities is calculated by excluding the impact of changes in customer deposits from net cash provided by operating activities. This measure provides a more meaningful measure of the cash generated by our core business operations, making it a more useful tool for management and investors to evaluate the cash generation of our business operations, and to compare IDT’s cash generation with companies that do not have, or have different levels of, customer deposits. Customer deposits are, by regulation, not available to fund IDT’s operating activities.
Following are reconciliations of Adjusted EBITDA and Non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, (i) income (loss) from operations for IDT’s reportable segments and (ii) net income for IDT on a consolidated basis, and (b) for Non-GAAP EPS, diluted earnings per share. Also following is NRS’ ‘Rule of 40′ score computation including the reconciliation of NRS’ Adjusted EBITDA to the most directly comparable GAAP measure, NRS’ income from operations, and IDT’s Non-GAAP adjusted measure of net cash provided by operating activities reconciled to GAAP net cash provided by operating activities.
IDT Corporation
Reconciliation of Net Income to Adjusted EBITDA for the three months ended 1Q26, 4Q25, and 1Q25
(unaudited) in millions. Figures may not foot or cross-foot due to rounding
Total IDT Corporation
Traditional Comm.
net2phone
NRS
Fintech
Corporate
Three Months Ended October 31, 2025 (1Q26)
Net income attributable to IDT Corporation
$
22.4
Adjustments:
Net income attributable to noncontrolling interests
1.7
Net income
24.1
Provision for income taxes
8.1
Income before income taxes
32.2
Interest income, net
(1.7
)
Other expense, net
0.5
Income (loss) from operations
30.9
$
15.8
$
1.9
$
8.9
$
6.4
$
(2.2
)
Depreciation and amortization
5.3
1.8
1.6
1.1
0.7
–
Stock-based compensation
2.0
1.1
–
0.2
0.3
0.3
Other operating income, net
(0.6
)
(0.1
)
–
–
–
(0.5
)
Severance expense
0.2
0.1
–
–
–
–
Adjusted EBITDA
$
37.9
$
18.7
$
3.6
$
10.3
$
7.5
$
(2.4
)
Total IDT Corporation
Traditional Comm.
net2phone
NRS
Fintech
Corporate
Three Months Ended July 31, 2025 (4Q25)
Net income attributable to IDT Corporation
$
16.9
Adjustments:
Net income attributable to noncontrolling interests
0.6
Net income
17.5
Provision for income taxes
2.9
Income before income taxes
20.4
Interest income, net
(1.8
)
Other expense, net
3.2
Income (loss) from operations
21.9
$
15.4
$
1.5
$
5.8
$
4.8
$
(5.7
)
Depreciation and amortization
5.3
1.8
1.6
1.1
0.7
–
Stock-based compensation
0.4
0.2
–
0.2
–
–
Other operating expense, net
5.9
0.2
0.2
2.4
–
3.1
Severance expense
0.3
0.1
0.1
–
–
–
Adjusted EBITDA
$
33.8
$
17.7
$
3.5
$
9.5
$
5.5
$
(2.5
)
Total IDT Corporation
Traditional Comm.
net2phone
NRS
Fintech
Corporate
Three Months Ended October 31, 2024 (1Q25)
Net income attributable to IDT Corporation
$
17.2
Adjustments:
Net income attributable to noncontrolling interests
1.2
Net income
18.5
Provision for income taxes
6.3
Income before income taxes
24.8
Interest income, net
(1.4
)
Other expense, net
0.3
Income (loss) from operations
23.6
$
15.7
$
1.0
$
6.6
$
3.2
$
(2.9
)
Depreciation and amortization
5.2
2.0
1.6
1.0
0.7
–
Stock-based compensation
0.9
0.6
–
0.2
–
–
Severance expense
0.2
0.2
–
–
–
–
Adjusted EBITDA
$
30.0
$
18.4
$
2.5
$
7.8
$
4.0
$
(2.9
)
IDT Corporation Reconciliation of Earnings Per Share (EPS) to Non-GAAP EPS for 1Q26 and 1Q25 (unaudited) in millions, except per share data. Figures may not foot due to rounding
1Q26
1Q25
Net income attributable to IDT Corporation
$
22.4
$
17.2
Adjustments (add) subtract:
Stock-based compensation
(2.0
)
(0.9
)
Severance expense
(0.2
)
(0.2
)
Other operating income, net
0.6
–
Total adjustments
(1.6
)
(1.1
)
Income tax effect of total adjustments
(0.4
)
(0.2
)
(1.2
)
(0.9
)
Non-GAAP net income
$
23.6
$
18.1
Earnings per share:
Basic
$
0.89
$
0.68
Total adjustments
0.05
0.04
Non-GAAP – basic
$
0.94
$
0.72
Weighted-average number of shares used in calculation of basic earnings per share
25.2
25.2
Diluted
$
0.89
$
0.68
Total adjustments
0.05
0.03
Non-GAAP – diluted
$
0.94
$
0.71
Weighted-average number of shares used in calculation of diluted earnings per share
25.2
25.4
IDT Corporation NRS’ ‘Rule of 40’ Score For 1Q26 (unaudited) in millions. Figures may not foot due to rounding to millions
1Q26
4Q25
3Q25
2Q25
Trailing Twelve Months (TTM) 1Q26
Reconciliation of NRS’ Income from Operations to Adjusted EBITDA
Income from operations
$
8.9
$
5.8
$
6.2
$
9.1
$
30.0
Depreciation and amortization
1.1
1.1
1.0
1.0
4.2
Stock-based compensation
0.2
0.2
0.6
0.2
1.2
Other operating expense, net
–
2.4
–
–
2.4
Adjusted EBITDA
$
10.3
$
9.5
$
7.8
$
10.3
$
37.9
1Q26
1Q25
NRS’ ‘Rule of 40’ Score
NRS recurring revenue
$
35.3
$
28.9
NRS other revenue
1.8
1.4
NRS total revenue
$
37.1
$
30.4
NRS recurring revenue growth rate
22
%
NRS TTM Adjusted EBITDA from above
$
37.9
NRS TTM total revenue
135.5
NRS TTM Adjusted EBITDA margin
28
%
Rule of 40
50
%
IDT Corporation
Adjusted net cash provided by operating activities for 1Q26 and 1Q25
(unaudited) in millions. Figures may not foot due to rounding to millions
(in millions) Three months ended October 31
Q126
Q125
Net cash provided by operating activities (GAAP)
$
(10.1
)
$
0.2
Changes in customer deposits
10.6
2.8
Adjusted net cash provided by operating activities (non-GAAP)
$
(22.7
)
$
(2.6)
Explanation of Key Performance Metrics
net2phone’s subscription revenue is calculated by subtracting net2phone’s equipment revenue and revenue generated by a legacy SIP trunking offering in Brazil from its revenue in accordance with GAAP. net2phone’s cloud communications and contact center offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization. The number of seats served and subscription revenue trends and comparisons between periods are used in the analysis of net2phone’s revenues and direct cost of revenues and are strong indications of the top-line growth and performance of the business.
NRS’ Monthly Average Recurring Revenue per Terminal is calculated by dividing NRS’ recurring revenue as defined in the Reconciliation of Non-GAAP Financial Measures by the average number of active POS terminals during the period. The average number of active POS terminals is calculated by adding the beginning and ending number of active POS terminals during the period and dividing by two. NRS’ recurring revenue divided by the average number of active POS terminals is divided by three when the period is a fiscal quarter. Recurring revenue and Monthly Average Recurring Revenue per Terminal are useful for comparisons of NRS’ revenue and revenue per customer to prior periods and to competitors and others in the market, as well as for forecasting future revenue from the customer base.
BOSS Money transactions are a nonfinancial metric that measures customer usage during a reporting period. BOSS Money’s digital send volume is the aggregate amount of principal remitted by BOSS Money’s digital customers – those using the BOSS Money and BOSS Revolutions apps to originate remittances. Digital send volume is a key metric for evaluating the operational performance of the digital channel of the remittance business, and for comparing the performance of BOSS Money’s digital channel to competitors in the remittance business as well as to performance to other temporal periods.
# # #
Delaware Supreme Court Affirms Court of Chancery’s Dismissal of Claims Against IDT Related to Straight Path Communications Sale to Verizon
NEWARK, NJ, Dec. 03, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech and communications services, commented on the decision issued today by the Delaware Supreme Court affirming the Court of Chancery’s post-trial decision dismissing all claims against IDT and finding no harm to Straight Path Communications Inc. (“Straight Path”) shareholders.
“We are very pleased by today’s decision from the Delaware Supreme Court, which puts to rest this lawsuit by affirming the post-trial decision of the Court of Chancery. That decision dismissed all claims against IDT and found that contrary to the plaintiff’s claims, Straight Path’s stockholders did not incur any damages whatsoever,” said Shmuel Jonas, IDT’s CEO. “We have said all along that this class action suit was without merit, and today’s decision upholding the Court of Chancery’s decision vindicates IDT’s position.”
Straight Path was spun off from IDT in 2013 and, in 2017, was sold to Verizon Communications for $3.1 billion. The Court of Chancery’s ruling came in a class action suit filed in 2017 by plaintiffs on behalf of the former stockholders of the Company’s former subsidiary, Straight Path.
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
ABOUT IDT CORPORATION
IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
net2phone Launches HIPAA-Compatible Agentic AI Solution for Healthcare
Newark, NJ, Nov. 17, 2025 (GLOBE NEWSWIRE) — net2phone, a trusted provider of intelligent communications solutions, today announced the launch of its HIPAA-compatible AI Agent offering.
net2phone’s agentic AI solution empowers healthcare providers to spend more time with their patients by handling patient communications and administrative workflows with thoughtfully designed intelligence.
The HIPAA-compatible net2phone AI Agent combines advanced conversational capabilities with end-to-end security and integrates with existing database solutions for streamlined patient interactions, reduced administrative burdens, and enhanced patient satisfaction.
“Healthcare providers everywhere are challenged to manage their administrative workloads while prioritizing patient care,” said Jonah Fink, CEO at net2phone. “Our HIPAA-compatible AI Agent is here to help – efficiently automating everyday patient interactions while ensuring that every conversation and communication adheres to strict HIPAA privacy and security standards.”
Transforming Healthcare Communications
Count on net2phone’s HIPAA-compatible AI Agent to:
Provide 24/7 virtual assistance for routine inquiries;
Handle patient scheduling and reminders;
Route and triage patient communications using natural language understanding to connect patients with the right department faster; and
Securely integrate with EHR, CRM, and scheduling systems.
net2phone’s AI agent handles routine patient administrative tasks and streamlines communications to help organizations reduce operational costs, improve response times, and enable staff to focus on patient care. Clinics, hospitals, private practices, and other healthcare organizations can now leverage net2phone’s AI Agent while enjoying HIPAA compatibility in every interaction.
net2phone’s innovative AI-powered communications and task execution help businesses around the globe succeed through smarter conversations, automated workflows, and enhanced insight. net2phone’s commitment to delivering reliable and high-quality communications services has earned it a reputation as a leader in both innovation and growth. net2phone is a subsidiary of IDT Corporation (NYSE: IDT). To learn more, please visit net2phone.com or connect on LinkedIn.
IDT Corporation to Report First Quarter Fiscal Year 2026 Results
NEWARK, NJ, Nov. 14, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech and communications solutions, has scheduled its report of financial and operational results for the first quarter fiscal year 2026 (the three months ended October 31, 2025) on Thursday, December 4, 2025.
IDT’s earnings release will be issued and posted on the IDT investor relations website (https://www.idt.net/investors-and-media) at approximately 4:30 PM Eastern.
IDT will host an earnings conference call beginning at 5:30 PM Eastern with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following access code: 586702.
A replay of the conference call will be available approximately three hours after the call concludes through December 18, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and provide this replay passcode: 53127. The replay will also be accessible via streaming audio at the IDT investor relations website.
ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
National Retail Solutions (NRS) Launches Grubhub Integration
Integration brings seamless digital ordering and delivery capabilities to NRS convenience stores, bodegas, and neighborhood retailers nationwide
Newark, NJ, Nov. 11, 2025 (GLOBE NEWSWIRE) — National Retail Solutions (NRS) announced today that independent retailers in its nationwide point-of-sale (POS) network can now offer their customers remote ordering for delivery or in-store pick-up via the Grubhub app.
“We are tremendously excited to announce our integration with Gubhub,” said Elie Y. Katz, President and CEO of NRS. “This partnership empowers our NRS retailers, which are predominantly neighborhood convenience stores and bodegas, to compete effectively and efficiently in the rapidly expanding digital channel.”
For NRS retailers, the key advantages and features of the integration with Grubhub include:
Streamlined operations: Grubhub orders flow directly into the NRS POS system, eliminating counter clutter and simplifying workflows;
Real-time menu and inventory syncing: Price updates and inventory changes that are recorded in the retailer’s NRS POS are automatically reflected on the retailer’s Grubhub menu, ensuring accurate orders while preventing out-of-stock cancellations;
Reduced training: Retailers receive and process orders through their familiar NRS POS, minimizing errors and training time;
Centralized management: Retailers can manage Grubhub menus, store hours, and analytics directly from their NRS POS; and,
Actionable analytics: Centralized analytics enable NRS retailers to gain insights into both in-store and delivery sales performance.
“Local businesses are essential to the fabric of their communities, and this integration is about helping them thrive in a digital-first world,” said Stephanie Grammel, Director of Integrations & Solutions at Grubhub. “By embedding Grubhub directly into the NRS point-of-sale system, we are making it easier for independent retailers to expand their reach, serve customers on their terms, and unlock new revenue streams-without adding operational complexity.”
“We are eliminating the friction points that make it harder for small businesses to compete successfully in the delivery marketplace,” said Ari B. Korman, SVP of Ecommerce at NRS. “Based on our results to date, on average, our retailers with the Grubhub integration are achieving significantly increased profitability with very strong ROIs.”
NRS retailers interested in learning more about the Grubhub integration can contact their NRS representative or visit nrsplus.com for more information about activation and setup.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the NRS POS terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
About Grubhub:
Grubhub is a leading U.S. ordering and delivery marketplace dedicated to connecting customers with their favorite local restaurants, merchants and convenience retailers. Grubhub elevates online ordering through innovative restaurant technology, easy-to-use platforms, and an improved delivery experience. Part of Wonder, Grubhub features over 415,000 merchants in more than 4,000 U.S. cities.
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights’ October 2025 Retail Same-Store Sales Report
October same-store sales increased 5.7% year-over-year
The average price paid for the top 500 items in October increased 3.0% year-over-year
NEWARK, N.J., Nov. 07, 2025 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for October 2025.
As of October 31, 2025, the NRS retail network comprised approximately 37,900 active terminals nationwide, scanning purchases at approximately 32,900 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.
October Highlights
(Same-store sales, unit sales, transactions, and average price data refer to October 2025 and are compared to October 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)
SALES
Same-store sales increased 5.7% year-over-year. In the previous month (September 2025), same-store sales increased 5.8% year-over-year.
Same-store sales decreased 0.7% compared to the previous month (September 2025). Same-store sales in September 2025 decreased 2.5% compared to the previous month (August 2025).
For the three months ended October 31, 2025, same-store sales increased 5.8% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 1.3% year-over-year. In the previous month (September 2025), units sold increased 2.5% year-over-year.
Units sold decreased 1.8% compared to the previous month (September 2025). Units sold in September 2025 decreased 1.1% compared to the previous month (August 2025).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased a slight 0.1% year-over-year. In the previous month (September 2025), baskets increased 1.9% year-over-year.
Baskets decreased 2.6% compared to the previous month (September 2025). Baskets in September 2025 decreased 1.1% compared to the previous month (August 2025).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased in October increased 3.0% year-over-year, a slight increase from the 2.9% year-over-year increase in September 2025.
Retail Trade Comparative Data
Current U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service is unavailable during the government shutdown.
Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)
“October was another strong month for independent retail, with dollar sales climbing 5.7% and units up slightly even as transactions remained stable. Year-over-year growth was led by cigarettes, prepared cocktails, smokeless tobacco, energy beverages, and wine-based cocktails, while month-over-month gains were strongest in cigarettes, soft drinks, whiskey, confection, and tequila.”
“Over the past four months, the average rate of price increase for the best-selling items on our network has held in a narrow range of 2.9% to 3% range.
“Overall, the data signals healthy consumer engagement heading into the holidays – and we expect to see notable expansion in high-velocity categories such as beverages, confection, and tobacco alternatives as demand builds toward the holiday season.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of October 2025 with October 2024 are derived from approximately 229 million transactions processed through the approximately 23,800 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of October 2025 with September 2025 are derived from approximately 280 million transactions processed through approximately 31,700 stores.
Same-store data comparisons for the three months ended October 31, 2025 with the year-ago three months are derived from approximately 666 million scanned transactions processed through those stores that scanned transactions in both three-month periods.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 205 of the 210 designated market areas (DMAs) in the United States, and in Canada. During October 2025, NRS’ POS terminals processed $2.15 billion in sales (+17% year-over-year) across 184 million transactions.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Brandon Thurber VP, Data Sales & Client Success at NRS National Retail Solutions Brandon.Thurber@nrsplus.com
NRSInsights’ September 2025 Retail Same-Store Sales Report
September same-store sales increased 5.8% year-over-year The average price paid for the top 500 items in August increased 2.9% year-over-year
NEWARK, N.J., Oct. 06, 2025 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for September 2025.
As of September 30, 2025, the NRS retail network comprised approximately 37,400 active terminals nationwide, scanning purchases at approximately 32,400 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.
September Highlights
(Same-store sales, unit sales, transactions, and average price data refer to September 2025 and are compared to September 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)
SALES
Same-store sales increased 5.8% year-over-year. In the previous month (August 2025), same-store sales increased 8.3% year-over-year.
Same-store sales decreased 2.5% compared to the previous month (August 2025). Same-store sales in August 2025 increased 3.4% compared to the previous month (July 2025).
For the three months ended September 30, 2025, same-store sales increased 5.8% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 2.5% year-over-year. In the previous month (August 2025), units sold increased 4.3% year-over-year.
Units sold decreased 1.1% compared to the previous month (August 2025). Units sold in August 2025 increased 1.8% compared to the previous month (July 2025).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased 1.9% year-over-year. In the previous month (August 2025), baskets increased 2.6% year-over-year.
Baskets decreased 1.1% compared to the previous month (August 2025). Baskets in August 2025 increased 2.2% compared to the previous month (July 2025).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a lower rate of increase than the 3.0% year-over-year increase recorded in August 2025.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
Over the past twelve months through August 2025, the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, outpaced the NRS network’s three-month moving average same-store sales by 0.1% on average. In August, the NRS network’s three-month rolling average increase exceeded the US Commerce Department’s by 1.4%.
The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.
Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)
“NRS retailers delivered another month of strong year-over-year sales increases across both beverage and center-store categories in September, while the sequential sales decrease was inline with expectations following the peak summer months. The three month rolling average increase, also 5.8%, is the most since 2023.
“Growth was led by prepared cocktails and sparkling water, which continue to capture consumer attention with premium positioning. Coffee also stood out as a beverage momentum driver.
“Retailers also experienced a lift from cold and flu remedies in September. The early strength in these seasonal offerings in combination with increases across indulgent categories reflect the diversity of the modern convenience store’s offerings, and the resilience of consumer spending as we approach the holiday season.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of September 2025 with September 2024 are derived from approximately 224 million transactions processed through the approximately 23,400 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of September 2025 with August 2025 are derived from approximately 284 million transactions processed through approximately 31,400 stores.
Same-store data comparisons for the three months ended September 30, 2025 with the year-ago three months are derived from approximately 662 million scanned transactions processed through those stores that scanned transactions in both three-month periods.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 205 of the 210 designated market areas (DMAs) in the United States, and in Canada. During September 2025, NRS’ POS terminals processed $2.1 billion in sales (+17% year-over-year) across 143 million transactions.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Brandon Thurber VP, Data Sales & Client Success at NRS National Retail Solutions Brandon.Thurber@nrsplus.com
NRSInsights’ September 2025 Retail Same-Store Sales Report
September same-store sales increased 5.8% year-over-year The average price paid for the top 500 items in August increased 2.9% year-over-year
NEWARK, N.J., Oct. 06, 2025 (GLOBE NEWSWIRE) — NRSInsights, a provider of sales data and analytics drawn from retail transactions processed through the National Retail Solutions (NRS) point-of-sale (POS) platform, today announced comparative retail same-store sales results for September 2025.
As of September 30, 2025, the NRS retail network comprised approximately 37,400 active terminals nationwide, scanning purchases at approximately 32,400 independent retailers, including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers, predominantly serving urban consumers.
September Highlights
(Same-store sales, unit sales, transactions, and average price data refer to September 2025 and are compared to September 2024 unless otherwise noted. All comparisons are provided on a “per calendar day” basis to remove from consideration variability in the number of days per month or three-month period.)
SALES
Same-store sales increased 5.8% year-over-year. In the previous month (August 2025), same-store sales increased 8.3% year-over-year.
Same-store sales decreased 2.5% compared to the previous month (August 2025). Same-store sales in August 2025 increased 3.4% compared to the previous month (July 2025).
For the three months ended September 30, 2025, same-store sales increased 5.8% compared to the corresponding three months a year ago.
UNITS SOLD
Units sold increased 2.5% year-over-year. In the previous month (August 2025), units sold increased 4.3% year-over-year.
Units sold decreased 1.1% compared to the previous month (August 2025). Units sold in August 2025 increased 1.8% compared to the previous month (July 2025).
BASKETS (TRANSACTIONS) PER STORE
Baskets increased 1.9% year-over-year. In the previous month (August 2025), baskets increased 2.6% year-over-year.
Baskets decreased 1.1% compared to the previous month (August 2025). Baskets in August 2025 increased 2.2% compared to the previous month (July 2025).
AVERAGE PRICES
A dollar-weighted average of prices for the top 500 items purchased increased 2.9% year-over-year, a lower rate of increase than the 3.0% year-over-year increase recorded in August 2025.
Retail Trade Comparative Data
The table below provides historical comparative data with the U.S. Commerce Department’s Advance Monthly Retail Trade same-store sales data excluding food service:
Over the past twelve months through August 2025, the US Commerce Department’s Advance Monthly Retail Trade data, excluding food services, outpaced the NRS network’s three-month moving average same-store sales by 0.1% on average. In August, the NRS network’s three-month rolling average increase exceeded the US Commerce Department’s by 1.4%.
The NRSInsights data in the chart above have not been adjusted to reflect inflation, demographic distributions, seasonal buying patterns, item substitution, days per month, or other factors that may facilitate comparisons to other periods, to other same-store retail sales data, or to the U.S. Commerce Department’s retail data.
Commentary from Brandon Thurber (VP, Data Sales & Client Success at NRS)
“NRS retailers delivered another month of strong year-over-year sales increases across both beverage and center-store categories in September, while the sequential sales decrease was inline with expectations following the peak summer months. The three month rolling average increase, also 5.8%, is the most since 2023.
“Growth was led by prepared cocktails and sparkling water, which continue to capture consumer attention with premium positioning. Coffee also stood out as a beverage momentum driver.
“Retailers also experienced a lift from cold and flu remedies in September. The early strength in these seasonal offerings in combination with increases across indulgent categories reflect the diversity of the modern convenience store’s offerings, and the resilience of consumer spending as we approach the holiday season.”
NRSInsights Reports
The NRSInsights monthly Same-Store Retail Sales Reports are intended to provide timely topline data reflective of sales at NRS’ network of independent, predominantly urban, retail stores.
Same-store data comparisons of September 2025 with September 2024 are derived from approximately 224 million transactions processed through the approximately 23,400 stores on the NRS network that scanned transactions in both months. Same-store data comparisons of September 2025 with August 2025 are derived from approximately 284 million transactions processed through approximately 31,400 stores.
Same-store data comparisons for the three months ended September 30, 2025 with the year-ago three months are derived from approximately 662 million scanned transactions processed through those stores that scanned transactions in both three-month periods.
NRS POS Platform
The NRS platform predominantly serves small-format, independent, retail stores nationwide including convenience stores, bodegas, liquor stores, grocers, and tobacco and sundries sellers. These independent retailers operate in all 50 states and the District of Colombia, including 205 of the 210 designated market areas (DMAs) in the United States, and in Canada. During September 2025, NRS’ POS terminals processed $2.1 billion in sales (+17% year-over-year) across 143 million transactions.
About National Retail Solutions (NRS):
National Retail Solutions operates a leading point-of-sale (POS) terminal-based platform and digital payment processing service for independent retailers nationwide. Retailers utilize NRS offerings to process transactions and effectively manage their businesses. Consumer packaged goods (CPG) suppliers, brokers, analytics firms, and advertisers access the terminal’s digital display network to reach these retailers’ predominantly urban, multi-cultural shopper base, and to harness transaction data-based learnings to identify growth opportunities and measure execution and returns on marketing investment. NRS is a subsidiary of IDT Corporation (NYSE: IDT).
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.
NRSInsights Contact: Brandon Thurber VP, Data Sales & Client Success at NRS National Retail Solutions Brandon.Thurber@nrsplus.com
