Earnings Call Summary | IDT Corp(IDT.US) Q2 2024 Earnings Conference
Earnings Call Summary | IDT Corp(IDT.US) Q2 2024 Earnings Conference
The following is a summary of the IDT Corporation (IDT) Q2 2024 Earnings Call Transcript:
以下是IDT公司（IDT）2024年第二季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
IDT achieved over $100 million annual revenue run rate for both NRS and BOSS Money in Q2 2024.
Gross margin reached a record high, sparked by a 42% YoY increase in BOSS Money and a 19% increase in net2phone subscription revenue.
The Fintech segment, principally driven by BOSS Money, broke even in terms of adjusted EBITDA this quarter.
One-time bad debt caused disproportionately high expenses, impacting overall financial management.
IDT在2024年第二季度實現了NRS和BOSS Money的年收入超過1億美元。
毛利率創歷史新高，這得益於BOSS Money同比增長42％和net2phone訂閱收入增長19％。
主要由BOSS Money推動的金融科技板塊在本季度調整後的息稅折舊攤銷前利潤方面實現了收支平衡。
一次性壞賬造成了不成比例的高額支出，影響了整體財務管理。
Business Progress:
業務進展：
IDT added around 1,500 net new terminals to the NRS network.
BOSS Money launched a feature for US customers to send money to bank accounts via Visa or Mastercard, with plans for further expansion.
IDT is streamlining operations and cutting overhead, which are expected to deliver positive outcomes from Q3 onwards.
IDT continues to explore growth opportunities - both organically and through potential acquisitions, with a particular focus on the Fintech sector.
The company's Gibraltar Bank is nearing full operational licensing, with concurrent online banking initiatives through Neo-Bank.
IDT 在 NRS 網絡中淨增加了大約 1,500 個新終端。
BOSS Money推出了一項功能，允許美國客戶通過維薩或萬事達卡向銀行賬戶匯款，並計劃進一步擴展。
IDT正在精簡運營並削減開支，預計從第三季度起，這將帶來積極成果。
IDT繼續探索增長機會，包括有機增長機會和潛在收購機會，特別關注金融科技行業。
該公司的直布羅陀銀行即將獲得全面的運營許可，並通過Neo-Bank同時開展在線銀行業務。
More details: IDT Corp IR
更多詳情： IDT Corp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。