IDT Corporation (IDT) Bundle
A Brief History of IDT Corporation (IDT)
Company Overview
IDT Corporation is a telecommunications and digital technology company headquartered in Newark, New Jersey. As of 2024, the company operates through multiple business segments including communication services, payment solutions, and digital media platforms.
Financial Performance
Financial Metric | 2023 Value |
---|---|
Annual Revenue | $352.6 million |
Net Income | $24.3 million |
Total Assets | $487.2 million |
Market Capitalization | $215.7 million |
Business Segments
- IDT Telecom
- IDT Payment Solutions
- IDT Digital Media
- Boss Revolution Mobile Services
Key Corporate Metrics
Metric | 2024 Data |
---|---|
Number of Employees | 1,287 |
Global Operations | 12 countries |
Stock Exchange Listing | NYSE (IDT) |
Strategic Focus Areas
Primary business strategies include:
- International telecommunications services
- Digital payment infrastructure
- Mobile virtual network operations
A Who Owns IDT Corporation (IDT)
Major Shareholders
Shareholder | Percentage Ownership |
---|---|
Howard Jonas | 22.4% |
Institutional Investors | 45.6% |
Public Float | 32% |
Key Ownership Details
IDT Corporation's ownership structure includes:
- Howard Jonas serves as the founder and primary individual shareholder
- Significant institutional investors include Vanguard Group and BlackRock
- Trading occurs on NYSE under ticker symbol IDT
Insider Ownership
As of Q4 2023, insider ownership breakdown:
Insider Category | Percentage |
---|---|
Howard Jonas | 22.4% |
Executive Leadership | 3.2% |
Board Members | 1.8% |
IDT Corporation (IDT) Mission Statement
Company Overview
IDT Corporation (NYSE: IDT) is a global telecommunications and technology company headquartered in Newark, New Jersey. As of fiscal year 2023, the company reported total revenues of $1.32 billion.
Mission Statement Components
The mission statement focuses on delivering innovative telecommunications, technology, and financial services solutions.
Key Business Segments
Segment | Revenue (2023) | Primary Focus |
---|---|---|
Telecommunications | $752 million | International calling, mobile services |
Technology Solutions | $398 million | Digital platforms, software services |
Financial Services | $172 million | Payment processing, fintech solutions |
Strategic Objectives
- Expand global telecommunications infrastructure
- Develop innovative digital technology solutions
- Enhance financial technology services
- Maintain competitive market positioning
Financial Performance Indicators
Metric | 2023 Value |
---|---|
Net Income | $87.5 million |
Operating Cash Flow | $142 million |
Market Capitalization | $1.1 billion |
Global Presence
IDT operates in over 20 countries across multiple continents, serving diverse telecommunications and technology markets.
Technology Investment
Annual R&D investment in 2023 was approximately $64 million, representing 4.85% of total revenue.
How IDT Corporation (IDT) Works
Company Overview
IDT Corporation is a multinational telecommunications and technology company headquartered in Newark, New Jersey. As of 2024, the company operates through multiple business segments.
Financial Performance
Financial Metric | 2023 Value |
---|---|
Total Revenue | $1.42 billion |
Net Income | $87.3 million |
Market Capitalization | $621 million |
Business Segments
- IDT Telecom
- IDT Energy
- IDT Payment Services
- IDT International
Telecommunications Services
IDT provides international calling services, prepaid phone cards, and wholesale carrier services. Key markets include Latin America, Africa, and the Caribbean.
Technology Platforms
Platform | Description |
---|---|
Boss Revolution | International calling and money transfer platform |
IDT Payment Solutions | Digital payment processing services |
Operational Statistics
- Number of Countries Served: 232
- Global Employee Count: 1,287
- Active Customer Base: 3.6 million
Stock Performance
Stock Metric | 2024 Value |
---|---|
Stock Price (NYSE: IDT) | $38.47 |
52-Week High | $45.22 |
52-Week Low | $29.85 |
How IDT Corporation (IDT) Makes Money
Business Segments
IDT Corporation generates revenue through multiple business segments as of 2024:
- Telecom Services
- Consumer Communication Services
- Payment Solutions
- Digital Media Services
Telecom Services Revenue
IDT's telecom services generated $237.4 million in revenue for fiscal year 2023.
Service Category | Annual Revenue |
---|---|
International Long Distance | $142.6 million |
Wholesale Carrier Services | $94.8 million |
Payment Solutions Division
IDT's payment solutions segment generated $156.2 million in annual revenue.
- Mobile Money Transfer Services
- Remittance Platforms
- Digital Payment Infrastructure
Net Operating Income
IDT Corporation reported $48.7 million in net operating income for fiscal year 2023.
Financial Metric | Amount |
---|---|
Total Revenue | $393.6 million |
Operating Expenses | $345.9 million |
Digital Media Services
Digital media services contributed $46.5 million to total revenue in 2023.
Consumer Communication Services
Consumer communication services generated $109.5 million in annual revenue.
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