IDT - Earnings call transcript Q4 2018

on today quarter IDT's focus on joined strategy developments. X- operational cough. XX-month I call results overall operator. quarterly have covering my XXXX quarter I'm to for and call fiscal my IDT's the as XXXX. remarks, usual fourth XX, results by Marcelo Fischer, fourth the In the July I you, CFO. apologize, and I'll ended earnings as well period full Thank as Welcome year and

overall we on with year's in release SEC report today will detailed results, filed a fiscal earnings which by offerings fourth minute week. line in results with Form and The collectively the bottom paid the core more For increased early in despite our businesses. our many full communications recent financial file XX-K our stage also in market. quarter next the headwinds the positively trends with resilience The growth our profitability industry-wide of see consistent is including discussion our please of our the top impacted earlier

we estimates examine in results breakage, balances full-year our adding of quarter consisting to adjusted calling accounts fourth principally earnings in please cards and unused this presented the valuation you and our million release, revenue of the results. in the keep prepaid on the As quarter mind that $X.X of

longer the adjusted revenue million less revenue for the million for direct our days, quarter by and $X.X had $XX costs the the increasing also cost estimates increase Together, boosted fourth amount of quarter We direct consolidated million regulatory $X the less effectively revenue costs. changes million quarter. million. when fees, direct note our of required of revenue certain two and XX accruals making that of fourth changes about accounted the comparisons, our sequential increase sequential about $X million. X These Also third $X accounting more $XX net by than of the sequential in

quarter. offerings volume Part by launch helped to us fourth quarter our these expectations year-over-year reported, Money the digital million decrease through Revolution $X.X we the core which million triple reason increased of $XX.X our and apps, of all making past Although, both revenues channels would well of Communications strategic BOSS been remittances in about BOSS of are the continued business has app the perform over money adjusted have Money in adjustments the investment ahead have EBITDA Revolution pretty instead $XX.X to of upgrades. have million year. declined is fourth Setting to performed aside, major our to the would million. we The retail that the $X.X

transfer app States. in Our downloaded BOSS the Money most app United on iOS fourth now money is the international

to have the had of design begun recent their other sales mobile quarters on and and and quarter. increased in have importantly is reasons companies while calling also us services plans top-up also and Carrier while programs. one top-up as telecom strong Just key to international plan rely

year-over-year TPS the year-over-year, drive results increase in helped the wholesale segment declined profitability. revenue Although, significant

Now let me update you quickly on our initiatives. primary growth

Following of again, with at built platform were and of LiveNinja incorporates and own from launch technologies will we the more the acquisition our be incorporates we we Canadian platform years. netXphone technology develop we and did new new on took that platform, many because third-party own The platform technology revolutionary incorporate need developed so is leader we over big the will stack quarter the do of X.X. arm. Versature, XX to to It and the proprietary many and destiny. acquisition NetXphone's will from leaders you us space, allow also we platform of a to the a in pioneered have just leap new an that. our your netXphone proprietary forward which once a netXphone because seen decided that at also to We just be close, IDT control past technologies many internally these a instead

recurring continues installs independent large compete to over retail is has netXphone anywhere Just and done or help dedicated laptop, voice, desktop, your from the platform is approximately user's come importantly as netXphone growing From team team. channel platform out now at its urban everything active amazing National against office users reliability, rate each perspective, many in network Solutions POS all amazing partners stream expect primarily brings to mobile from X,XXX the and a chat, retailers be us. terminals revenue since and the at making revenue new together with generates phone, service, Retail retailers NRS X,XXX sure features from new monthly chains. more messaging helps this currently price per our of POS build even our is and the an our these sale and of seamlessly from the fees. the of ecosystem device. that associated have can NRS or excellent and importantly, delivered ways, NRS customers for provides potential and The quarter.

a sources including the able be advertising, revenues services. other services, and scale of many display, diverse of processing, and further capability. are seamlessly generation of likely and advances, and sale As retail the terminals to significantly are technology profitability contribute NRS we network the core BOSS and integrated develop grows revenue payment investment, the to to will greater offerings network's also set businesses, enhance we our beginning Revolution cash The With our since realize the NRS sales with these many from terminal.

transfers, a more our of reflection or by with but margin, at We business, a so strong at money retail be continue direct-to-consumer website retailers from specifically transactions and initiated transfer failure to growth international the can initiated These BOSS channel. X:X our app see Revolution outnumber our now which far. of that is money

American Ripple’s dividend. using our the of I Board discontinue the investments, finally can money originates xRapid current bridge scale, prompted offerings the scale our By transfer, quarter, corridors. as considering pilot we cash likely our uses $X.X We In a The returned quarter B Class agree with well. XRP enhance launch, to our and Along rate part altering their through expand certain and retail stockholders. portal as and cross-border low xRapid of California in over integrated as need is be both shareholders [ph] out stock of intend by million market take for starting our to of California and in elsewhere so company to investment to pretty process growth the our succeed repurchases with recently and business month-long to landscape transfer, warranted technology Board value held outlook stock retailers a of continuing ramping to long-term cryptocurrency have streamlined initiatives, aggressively return to by to is. the combined. growth in the by data. with working the common we as and which at effectively asset how with presenting allow determined three launch flexibility a us disbursement many expect money entering core they invest direct-to-consumer as that further our we they million to functionality months. growth high service. market of improved money provides the ready believe can up, for bought about increase nearly are quarter are valuation and advantage the [ph] the conducted We're dividend conditions, country a the international retail. this former to move growth abundant past for finalized Pursuant transfers to and in and and The by Later portal is new recruit of this we comparison, value We will while Ripple’s to hope initiatives for IDT's to our finally We transfers, $X.X Latin retail our the in and a strong open networks transfer and African back the in wrap opportunities. a time we of in select operationally, more this xRapid our Directors quarterly corridors. a building way million when until generated additional our To rest can value retaining initiatives strategy, capital to shareholder opportunities. we results. up up resources, available the stakes was X.X prime few shares market it we significantly

now begin to take you. the Thank session [Operator your Now will Marcelo and happy question-and-answer I'd we questions. And be Instructions].

no and there be to look further questions Okay, this time. at

session will conference call. and our this So conclude today's question-and-answer

for to attending want today's thank you Just all presentation.

now disconnect. You may

Shmuel Jonas	CEO
Marcelo Fischer	SVP of Finance, CFO of IDT Telecom

IDT (IDT) 9 Oct 182018 Q4 Earnings call transcript