IDT CORP
For the period ended Jan 31, 2024. Filed Mar 11, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Mar 11, 2024
IDT$83.22+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
IDT CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended January 31, | Six Months Ended January 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands, except per share data) | ||||
| Revenues | $296,098 | $313,936 | $597,302 | $635,752 |
| Direct cost of revenues | 198,699 | 223,499 | 405,475 | 456,170 |
| Gross profit | 97,399 | 90,437 | 191,827 | 179,582 |
| Operating expenses (gains): | ||||
| Selling, general and administrative (i) | 80,743 | 72,060 | 157,965 | 141,679 |
| Severance | 345 | 213 | 869 | 312 |
| Other operating expense (gain), net (see Note 10) | 294 | (17) | (190) | (816) |
| Total operating expenses | 81,382 | 72,256 | 158,644 | 141,175 |
| Income from operations | 16,017 | 18,181 | 33,183 | 38,407 |
| Interest income, net | 1,195 | 810 | 2,039 | 1,320 |
| Other income (expense), net | 2,534 | 1,613 | (3,053) | (2,229) |
| Income before income taxes | 19,746 | 20,604 | 32,169 | 37,498 |
| Provision for income taxes | (3,992) | (5,295) | (7,939) | (9,634) |
| Net income | 15,754 | 15,309 | 24,230 | 27,864 |
| Net income attributable to noncontrolling interests | (1,329) | (686) | (2,146) | (2,239) |
| Net income attributable to IDT Corporation | $14,425 | $14,623 | $22,084 | $25,625 |
| Earnings per share attributable to IDT Corporation common stockholders: | ||||
| Basic | $0.57 | $0.57 | $0.88 | $1.00 |
| Diluted | $0.57 | $0.57 | $0.87 | $1.00 |
| Weighted-average number of shares used in calculation of earnings per share: | ||||
| Basic | 25,175 | 25,510 | 25,176 | 25,556 |
| Diluted | 25,317 | 25,538 | 25,297 | 25,577 |
| (i) Stock-based compensation included in selling, general and administrative expenses | $2,487 | $1,286 | $3,258 | $1,858 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.