IDT CORP
For the period ended Apr 30, 2024. Filed Jun 10, 2024.
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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.
Apr 30, 2024 · Filed Jun 10, 2024
IDT$83.22+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Three Months Ended April 30, | Nine Months Ended April 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands, except per share data) | ||||
| Revenues | $299,643 | $299,295 | $896,946 | $935,047 |
| Direct cost of revenues | 202,599 | 211,734 | 608,982 | 668,513 |
| Gross profit | 97,044 | 87,561 | 287,964 | 266,534 |
| Operating expenses: | ||||
| Selling, general and administrative (i) | 68,962 | 60,130 | 200,685 | 177,475 |
| Technology and development (i) | 12,640 | 12,145 | 37,975 | 35,870 |
| Severance | 779 | 145 | 1,648 | 458 |
| Other operating expense, net (see Note 10) | 3,231 | 4,764 | 3,041 | 3,948 |
| Total operating expenses | 85,612 | 77,184 | 243,349 | 217,751 |
| Income from operations | 11,432 | 10,377 | 44,615 | 48,783 |
| Interest income, net | 1,162 | 709 | 3,201 | 2,029 |
| Other expense, net | (3,273) | (382) | (6,326) | (2,610) |
| Income before income taxes | 9,321 | 10,704 | 41,490 | 48,202 |
| Provision for income taxes | (2,979) | (2,960) | (10,918) | (12,594) |
| Net income | 6,342 | 7,744 | 30,572 | 35,608 |
| Net income attributable to noncontrolling interests | (791) | (854) | (2,937) | (3,093) |
| Net income attributable to IDT Corporation | $5,551 | $6,890 | $27,635 | $32,515 |
| Earnings per share attributable to IDT Corporation common stockholders: | ||||
| Basic | $0.22 | $0.27 | $1.10 | $1.27 |
| Diluted | $0.22 | $0.27 | $1.09 | $1.27 |
| Weighted-average number of shares used in calculation of earnings per share: | ||||
| Basic | 25,345 | 25,518 | 25,233 | 25,544 |
| Diluted | 25,516 | 25,612 | 25,380 | 25,589 |
| (i) Stock-based compensation included in: | ||||
| Selling, general and administrative expense | $2,027 | $1,579 | $5,025 | $3,096 |
| Technology and development expense | $91 | $100 | $350 | $441 |
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