IDT - Earnings call transcript Q3 2019

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Operator

Good day, everyone, and welcome to the IDT Corporation's Third Quarter Fiscal Year 2019 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the three-month period ended April 30, 2019.

During prepared remarks by IDT's Chief Executive Officer, Shmuel Jonas, all participants will be in listen-only mode. [Operator Instructions]. After the prepared remarks, Marcelo Fischer, IDT's Chief Financial Officer will join Mr. Q&A. for Jonas [Operator Instructions].

to this in remarks general to the in are during call, in or differ made that nature, either uncertainties that conference Q&A subject anticipates. materially prepared from statements actual the or the forward-looking specific could those Any cause and company results risks session, whether

to periodically and in to the either report These risks are any those but no discussed include, update SEC. that not limited assumes IDT they the from actual that uncertainties made files with that statements and uncertainties to, the IDT results specific or may cause materially they risks may or forward-looking that factors to obligation forecast. differ have update make,

IDT's EBITDA, make including EBITDA, and provided reconciles In to non-GAAP measures, non-GAAP net to non-GAAP in management release income may measures. EPS. their in the will presentation or A adjusted reference adjusted net and the the GAAP income, non-GAAP Q&A earnings schedule nearest corresponding EPS IDT follow, non-GAAP that

note site the is page Form Corporation been with the on IDT on The the of the Investor Web Relations' filled Please earnings that’s release available has IDT X-K earnings also www.idt.net. SEC. and release that

to turn Jonas. with that, I conference would now go over to And Mr. ahead. the like Please

Shmuel Jonas

Thank covering you, year results operator. ended fiscal Welcome XX, call to XXXX. IDT's for earnings period XXXX third quarter April the three-month

on SEC. our detailed results, read release please report more our which file XX-Q Form and For we with earlier a today our earnings will filed the

quarter results recent were third consistent trends. IDT’s with

less have increases revenue quarter of quarters. the for in of growth the initiatives. quarter seven while fiscal to able direct maintain less cost revenue profit our to in we third XXXX continuing invest were substantially, down direct increased revenue compared in year-over-year of and the cost six of was last generated revenue to revenue Although third We gross

between adjusted $XX.X resources of five consolidated third from to EBITDA for million from increase million to to in million were offerings. operations the range each $X.X rapidly XX% quarter. able our We to increase million in from year-ago maintain $X.X and the This the loss been SG&A and $X.X year-over-year allowed of a has We a us $XX to in tight core income from have million operations past reallocating approach quarters. quarter

initiatives growth business compared unified perform quarter in $X.X to this year job. to Our $X.X ago. great a million continue team well. netXphone communications netXphone’s revenue The done generated a has million

over our XX,XXX year-over-year National As now network of serves money increased retailers to year-over-year April around transfer the BOSS revenue country. POS netXphone Solutions XX, X,XXX Retail million, $X.X million. seats. increased served $X.X independent and XX% to XX% revenue Revolution

agency increased generated Between direct-to-consumer well money over by XXX,XXX of about transfer was transactions originated year-over-year a revenue. app. initiated and are our well by solution contributes predominately transactions XX% growth retailers, we entirely DTC our from The transactions two-thirds revenue now now [ph] month. executing

to Our MVNO message as its continued emphasize acquisition. online we improve

providing with but customers substantial the some distance an IDT is U.S.-Honduras agreement gross as U.S.-Guatemala profit while options minutes long U.S.-Honduras the Guatemala international as is Honduras along as and Tigo heavily traffic calling. with deal reached our successful and border, Tigo nonetheless. over border not patented more for which border

we We great and of credit Overall, in deserves still fourth sources the our revenue made we strong multiple team for our quarter a have fronts, head into position. margin. progress challenges the but diversifying face on considerable

remarks. very much. That Thank you concludes my

be I your Now, happy Marcel and questions. to take will

Operator

will [Operator Instructions]. begin the We session. now question-and-answer

Operator

this be questions no to And at there look time. Okay.

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

disconnect attending your Just lines. want and to you for now thank you presentation today's all may

IDT (IDT) 5 Jun 192019 Q3 Earnings call transcript