Latest news with #IDT
Business Wire
5 days ago
- Health
- Business Wire
Integrated DNA Technologies Announces Innovation Roadmap Advances to Infectious Disease Portfolio
CORALVILLE, Iowa--(BUSINESS WIRE)-- Integrated DNA Technologies (IDT), a global genomics leader, is expanding its infectious disease portfolio with new solutions to enhance worldwide research efforts in monitoring infectious disease dynamics, supporting surveillance and accelerating biomarker discovery. As part of its innovation roadmap, focused on enabling academic and medical researchers, health organizations, and the scientific community prepare for ongoing and future global health challenges, IDT has unveiled two new powerful tools: The PrimeTime™ Influenza Kit and PrimeTime Research Pathogen Panels. These differentiated offerings expand upon IDT's current infectious disease portfolio of qPCR and next generation sequencing (NGS) solutions comprised of stand-alone library preparation, target enrichment and normalization chemistries, as well as connected DNA solutions, to support researchers exploring viral evolution, epidemiological studies, drug resistance mechanisms, drug development research and more. 'Building on IDT's storied impact on the global fight against infectious diseases, these new tools reflect the ongoing innovation investments we're making to empower researchers to stay ahead of current and emerging health challenges,' said Adler Edward. Share First to Market: Complete Solution for Influenza Research Launching at ASM Microbe 2025 is IDT's PrimeTime Influenza Kit, the first complete qPCR solution of its kind designed specifically to amplify common influenza strains. The kit targets Influenza A, Influenza A (H5N1), Influenza B, and RNase. It includes an internal control for sample quality assessment, a pre-mixed primer and probe set, PrimeTime 4x Broad-Range Master Mix and direct amplification enhancer. This streamlined solution enables researchers to generate high-confidence data for both seasonal and emerging influenza strains. New Cost-effective Solution to Accelerate Sexual Health and Pathogen Research IDT is also showcasing its new PrimeTime Research Pathogen Panels, a customizable, high-throughput solution that allows researchers to identify key sequences and mutations across 10 diverse research applications—spanning respiratory, gastrointestinal and sexual health studies—and an 11th category for viral infection research. The mix-and-match format across targets and dyes enables scientists to select from a broad list of targets to maximize cost and time savings. The panels' flexible assay configuration facilitates rapid, multiplexed detection and characterization of pathogens, with up to 211 available targets including sexually transmitted infections, human papillomavirus, urinary tract infections and more. With seamless integration into existing qPCR workflows, this single-tube offering equips researchers with innovative tools for exploring pathogen dynamics across individual and population-level studies. 'Building on IDT's storied impact on the global fight against infectious diseases, these new tools reflect the ongoing innovation investments we're making to empower researchers to stay ahead of current and emerging health challenges,' said Adler Edward, VP, Gene Reading Components at IDT. 'By delivering robust, customizable and high-quality solutions, backed by IDT's trusted technical and scientific expertise, researchers can feel confident in accelerating their discoveries and deepening their understanding of pathogen dynamics in human health.' To learn more about IDT's infectious disease innovation roadmap and how these new offerings are shaping the future of virus transmission research, visit IDT at ASM Microbe 2025 at booth #1723. To place an order, click here. About IDT Building from a strong foundation of innovation, expertise, and reliability, Integrated DNA Technologies (IDT) has evolved from an oligo manufacturer to a leading genomics provider. We work shoulder-to-shoulder with scientific and global health partners to enable genomics breakthroughs at scale. Our vision of enabling researchers to rapidly move from the lab to life-changing advances reflects our ongoing commitment to a healthier, brighter future for all. IDT is proud to be part of Danaher, a global science and technology leader. Together we combine our capabilities to accelerate the real-life impact of tomorrow's science and technology to improve human health. For more information about IDT, visit and follow the company on LinkedIn, X, Facebook, YouTube, and Instagram. Disclaimer: RUO — For research use only. Not for use in diagnostic procedures. Unless otherwise agreed to in writing, IDT does not intend these products to be used in clinical applications and does not warrant their fitness or suitability for any clinical diagnostic use. Purchaser is solely responsible for all decisions regarding the use of these products and any associated regulatory or legal obligations.
Yahoo
10-06-2025
- Business
- Yahoo
IDT Stock Gains Following Strong Q3 Earnings and Margin Expansion
Shares of IDT Corporation IDT have gained 10.4% since the company reported its earnings for the quarter ended April 30, 2025. This compares to the S&P 500 Index's 0.8% gain over the same time frame. Over the past month, the stock gained 12.4% compared with the S&P 500's 3.1% rise. IDT reported solid third-quarter fiscal 2025 results, with consolidated revenues inching up 0.8% year over year to $301.9 million from $299.6 million. Gross profit rose 15.4% to $111.9 million from $97 million, pushing gross margin up 470 basis points (bps) to a record 37.1% from 32.4%. Income from operations jumped 132.6% to $26.6 million from $11.4 million, while adjusted EBITDA surged 57% to $32.2 million from $20.6 million. GAAP earnings per share (EPS) climbed 290.9% to $0.86 from $0.22, while adjusted EPS surged 136.8% to $0.90 from $0.38. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Segment-level gains were broad-based. National Retail Solutions (NRS) revenues rose 21.1% to $31.1 million from $25.7 million, Fintech revenues advanced 22.5% to $38.6 million from $31.5 million, and net2phone revenues grew 6.4% to $21.9 million from $20.7 million, while the Traditional Communications segment witnessed a 5.2% revenue decline to $210.2 million from $221.7 million. At NRS, recurring revenue rose 22.9% to $29.4 million from $24 million, fueled by a 37.3% increase in Merchant Services and a 32.8% gain in SaaS fees. Advertising and Data revenue declined 12.3% due to risk-mitigation steps related to a large programmatic partner, though direct channel sales remained robust. Segment income from operations and adjusted EBITDA increased 29.3% and 28.6%, respectively. Gross profit rose 28.4% to $28.4 million from $22.1 million, with a margin expansion of 520 bps to 91.3% from 86.1%. NRS ended the quarter with 35,600 active POS terminals, up 17.6% from the year-ago period. In the Fintech segment, driven by BOSS Money, transactions rose 27% to $6 million from $4.7 million, and revenues grew 24.7% to $34.4 million from $27.6 million. Digital channel growth outpaced retail, with a 32% increase in transactions and a 40% surge in digital send volume. The segment reported adjusted EBITDA of $5 million, up from $0.2 million a year ago, and income from operations was $4.3 million against a $0.6 million loss. net2phone's performance was steady, with subscription revenue up 7.4% (11% in constant currency) to $21.5 million from $20 million. The business maintained disciplined spending, enabling a 188% increase in income from operations to $1.4 million from $0.5 million and a 50.2% rise in adjusted EBITDA to $3.2 million from $2.1 million. Its adjusted EBITDA margin expanded to 15% from 10%. Traditional Communications, despite a 5.2% revenue decline to $210.2 million, saw a 5.3% increase in gross profit to $43.4 million from $41.2 million, aided by favorable mix and lower selling, general and administrative (SG&A) expenses. Income from operations grew 39.2% to $17.3 million from $12.5 million, and adjusted EBITDA rose 30.1% to $19.3 million from $14.9 million. IDT Corporation price-consensus-eps-surprise-chart | IDT Corporation Quote The gross margin of 37.1% was a record high, reflecting strong product mix and operational efficiencies. NRS' monthly average recurring revenue per terminal increased 3% year over year to $279 from $271. The company generated $75.7 million in operating cash flow in the quarter compared with $9.5 million in the year-ago period, aided by timing benefits related to BOSS Money's remittance cycle. Excluding changes in customer fund deposits, operating cash flow was $66.1 million compared with $8.2 million in the year-ago quarter. CEO Shmuel Jonas characterized the quarter as 'solid,' noting seasonal softness compared to the fiscal second quarter but emphasizing broad-based bottom-line growth. Jonas highlighted IDT's ability to scale its growth businesses while extracting strong cash contributions from legacy segments. He also emphasized product innovation efforts at NRS, such as integrating POS systems with food delivery platforms like DoorDash, and mentioned the pilot rollout to about 100 retailers already generating over 2,000 weekly delivery orders. For BOSS Money, Jonas noted the shift to larger, less frequent transactions and said pricing strategies are being refined to optimize profit per transaction. On net2phone, he underscored the potential of new AI-powered offerings — including virtual agents and a forthcoming service internally dubbed 'Coach' — as future revenue drivers. Growth in recurring revenue streams and expanding customer bases drove strong top-line and profitability gains. At NRS, the rise in payment processing accounts and improved monetization per account supported the segment's performance. The drop in Advertising & Data revenue stemmed from IDT's decision to reduce exposure to a large programmatic partner, accompanied by a $1.4 million bad debt provision and $0.5 million in one-time compensation costs related to deferred stock units. In Fintech, transaction growth and a 40% increase in digital send volume at BOSS Money helped boost profitability. Customer behavior shifted toward larger remittance amounts per transaction, and management is testing pricing strategies to capitalize on this trend. Cost discipline was a key theme in net2phone and Traditional Communications, with SG&A spending falling in both. These savings contributed to significant margin expansion despite revenue pressures in the legacy communications business. Management reiterated its full-year fiscal 2025 guidance. CFO Marcelo Fischer reaffirmed that IDT remains on track to double its first-half adjusted EBITDA of $63 million to reach $126 million for the fiscal year. Fiscal 2026 guidance is expected to be issued during the fourth quarter of fiscal 2025 earnings release. IDT executed a modest level of open market share repurchases during the quarter, but significantly repurchased $6 million in vested employee-owned shares to cover tax obligations. Additionally, the company disclosed that it had acquired a small restaurant-focused technology company named Lucci under the NRS umbrella. Management emphasized a disciplined approach to M&A and noted that additional deals are under evaluation. IDT declared a quarterly dividend of $0.06 per share, payable June 18, 2025, to shareholders of record on June 9. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDT Corporation (IDT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
10-06-2025
- Politics
- IOL News
‘Smear Campaign': Zikalala defends IDT CEO and slams media reports
Deputy Minister of Public Works and Infrastructure Sihle Zikalala has defended Independent Development Trust CEO Tebogo Malaka's appointment. Image: Picture: Doctor Ngcobo / Independent Newspapers / File Deputy Minister of Public Works and Infrastructure Sihle Zikalala has defended Independent Development Trust CEO Tebogo Malaka's appointment. He has hit back at mounting criticism over his alleged role in irregular governance at the Independent Development Trust (IDT), describing recent media reports as part of a 'sophisticated political smear campaign' aimed at discrediting him. At a press briefing in Pretoria on Tuesday, Zikalala said he had met and even exceeded his legal oversight obligations and had paused Malaka's appointment after assuming office in March 2023 to allow investigations into allegations of mismanagement at the IDT. He also confirmed that he had referred all related documents to the Public Protector for an impartial inquiry into both his actions and broader governance concerns at the entity. Zikalala's intervention follows weeks of reporting by the media, which alleged that he and former IDT board chairperson Kwazi Mshengu protected Malaka from scrutiny despite her alleged links to a R45-million office lease scandal. The reports claimed Zikalala quashed a forensic probe initiated by National Treasury and facilitated Malaka's promotion from acting to permanent CEO. But Zikalala rejected those claims outright. 'There is no investigation that was ever squashed,' he stated. 'All investigations I requested were obstructed not by me, but by a dysfunctional and divided board plagued by infighting and poor governance.' Zikalala explained that when he entered office, Malaka's appointment was already in progress, backed by the IDT board under then-chair Zimbini Hill and endorsed by his predecessor, Patricia de Lille. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading 'I found the process already before the Cabinet.'' Central to the controversy is an office lease signed with Moepathutse Property Investments without board approval. Malaka allegedly signed the lease outside her authority; however, there is no evidence to prove that Malaka did anything else. In a reply that has now gone viral, Zikalala has slammed investigative body Amabhungane for what he termed "a calculated campaign against public interest governance" 'I will not allow the persistent onslaught masquerading as journalism to blackmail us into submission,' he said. He claimed the reports sought to destabilise the IDT, an entity responsible for delivering critical social infrastructure, so it could be 'captured by private business interests.' 'There's a long-standing battle for the soul of the IDT,' Zikalala said. 'While we will never shield the corrupt, we must guard against forces attempting to liquidate the institution for private gain.' In a move designed to affirm his commitment to transparency, Zikalala announced he had submitted all relevant records, including audit findings, legal opinions, correspondence, and ministerial memos to the Public Protector. 'This matter must be scrutinised by a credible, independent institution. I am confident it will reveal the truth and expose the narratives laced with distortion and innuendo,' he said. He concluded with a firm statement on his public service record: 'In all my public life, I have never and will never attempt to escape public scrutiny. I remain committed to ethical governance, no matter the cost.' The Public Protector's investigation is now expected to play a key role in determining whether Zikalala's actions were appropriate or part of a broader pattern of political shielding, while also shedding light on the governance challenges that continue to plague the IDT.
The Citizen
10-06-2025
- Business
- The Citizen
Zikalala slams ‘spurious' allegations about R45m IDT lease deal, heads to Public Protector
The Public Works deputy minister says there's a deliberate attempt to launch a 'political smear campaign' aimed at damaging his reputation. Public Works and Infrastructure Deputy Minister Sihle Zikalala has denied any involvement in the appointment of Independent Development Trust (IDT) CEO Tebogo Malaka. The IDT, an entity under the Department of Public Works and Infrastructure (DPWI), has recently been embroiled in controversy over procurement irregularities and questionable contracts worth hundreds of millions of rands. It has now come to light that Zikalala and former IDT board chairperson Kwazi Mshengu allegedly intervened to prevent the National Treasury from conducting a forensic investigation into a R45 million lease agreement to shield Malaka. Malaka was appointed as the permanent CEO of the IDT despite facing allegations of procurement irregularities. Zikalala dismisses IDT interference claims During a media briefing on Tuesday, Zikalala addressed the controversy and dismissed the 'spurious' allegations against him, accusing investigative journalism organisation AmaBhungane of spreading 'falsehoods'. 'I have noted with deep concern and extreme outrage, slanderous stories which appear to have been deliberately planted and arranged to defame and tarnish my image, disguised as concerns about issues of governance in the IDT,' he said. ALSO READ: Dean Macpherson denies procurement interference and claims of media payments Zikalala said AmaBhungane had sent him questions regarding the CEO saga, but accused the organisation of twisting facts and misrepresenting information to fulfill its agenda in what he called a 'passionate crusade' against him. 'I will not allow the persistent onslaught and smear which masquerades as a journalistic endeavour, sophisticated as it may appear to blackmail us.' Watch the media briefing below: Allegations already in public domain Seeking to set the record straight, Zikalala highlighted that the allegations about the lease had already been public knowledge before his appointment as Public Works Minister in March 2023, and denied any involvement in Malaka's appointment. The recommendation to appoint Malaka, he said, had already been forwarded to Cabinet for final approval at the time. 'I put the process of the appointment of the CEO on hold due to, among other reasons, the need to give the board time to conduct investigations on allegations that were in the public domain.' The deputy minister rejected suggestions that he interfered with investigations, asserting that he had, in fact, directed the IDT board to look into the matter within six months. ALSO READ: EFF targets minister Macpherson over R800 million tender However, according to Zikalala, the board became mired in internal conflicts. 'They fight over the approach to investigate [while] others contacted the Treasury to conduct an investigation and others deemed the process flawed.' He said the dysfunction prompted him to write to the IDT board members in early October 2023, requesting explanations as to why they should not be fired for failing to fulfill their duties. This led to the resignation of three members. Following the appointment of a new board in November 2023, the Department of Public Works was requested to conduct a formal investigation, which was completed in March 2024. Zikalala wants Public Protector to probe IDT allegations Zikalala said that an internal audit report later recommended more in-depth investigations, which he then passed on to current Public Works and Infrastructure Minister Dean Macpherson. 'Once the minister was appointed, I gave a handover which amongst others outlined that there was a pending investigation in the IDT.' He also clarified that there is no conclusive report against Malaka. 'There is no report or any concluded investigation by the board or any other body of the state against the appointment of the CEO that was before me as the minister then.' WATCH: Macpherson not deterred by 'political pressure or death threats' over R800m oxygen tender 'Even the much talked about Treasury investigation, I have never seen its sight nor was informed of its conclusion. It remained a board matter and the board as I understand it kept fighting and turning against its own decisions,' Zikalala continued. 'The only available report was the one done by the department's internal audit unit which recommended deeper investigations by the Auditor-General and the DPWI's anti-corruption unit. All these processes arises from the actions I took.' Zikalala said he intends to refer the matter to the Office of the Public Protector for a thorough investigation. 'This will assist so that the truth is exposed and we avoid narratives that are laced with innuendos and speculation.' AmaBhungane details IDT investigation AmaBhungane investigative journalist Azarrah Karrim told Newzroom Afrika on Tuesday that Tebogo Malaka allegedly approved the R45 million lease agreement without informing the IDT board. She reportedly signed the lease with Moepathutse Property Investments, a company said to have political connections. Karrim explained that internal documents indicated efforts by Zikalala and Mshengu to undermine the National Treasury's investigation. ALSO READ: Government sitting on thousands of vacant properties, while taxpayers pay R65m in rates and taxes 'At that point, Treasury told AmaBhungane that they had a draft report ready and had started consultations with the Hawks, but what Zikalala has to answer for is his efforts after Mshengu passed on that investigation onto his department,' she said. She emphasised that while Zikalala had provided AmaBhungane with the internal report, it did not constitute a forensic investigation. 'It was in fact, an assurance audit that only probed the procurement process followed for the lease 'It never proved allegations against Malaka or any other IDT official and that was a mandate that was approved by the board and Zikalala at the time,' she said. IDT board appointments In April, Macpherson reappointed two former board members alongside three new ones, all of whom had previously exited the IDT board during Zikalala's tenure. These appointments are currently being contested in court. Macpherson is opposing the legal challenge, arguing that the appointments are temporary and set to expire on 4 July, after which a new IDT board will be established. NOW READ: Macpherson's IDT appointments face urgent court bid
Globe and Mail
09-06-2025
- Business
- Globe and Mail
IDT Corporation to Present at East Coast IDEAS Investor Conference
NEWARK, NJ, June 09, 2025 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a provider of fintech and communications solutions, will present at the East Coast IDEAS Investor Conference on Thursday, June 12, 2025 at the Westin Times Square in New York. Marcelo Fisher, Chief Financial Officer, will provide an overview of IDT's operations, strategy, and financial results beginning at 3:30 PM Eastern time. Mr. Fischer will also host one-on-one investor meetings throughout the day. The IDT presentation will be webcast through the conference host's main website: To attend or learn more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@ All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words 'believe,' 'anticipate,' 'expect,' 'plan,' 'intend,' 'estimate,' 'target' and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements. ABOUT IDT CORPORATION IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.
