IDT Corporation

Good evening. Welcome to the IDT Corporation's fourth quarter and fiscal year 2026 earnings conference call. All participants are now in a listen-only mode. The question and answer session will follow management's remarks. Anyone requiring operator assistance during the conference call should press star zero on your telephone keypad. Please note, this conference call is being recorded. I will now turn the call over to Bill Ulrey of IDT Investor Relations.

Bill, you may begin. Thank you, John. Today's presentation, IDT's Chief Executive Officer, Shmuel Jonas, and Chief Financial Officer, Marcelo Fischer, will discuss IDT's financial and operational results for the three and 12 months ended July 31st, 2026. After their remarks, they will take your questions. Any forward-looking statements made during this conference call, either in their remarks or during the Q&A that follows, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include but are not limited to specific risks and uncertainties discussed in the reports that IDT files periodically with the SEC. IDT assumes no obligation either to update any forward-looking statements that they have made or may make or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation or in the Q&A session, IDT's management may make reference to non-GAAP measures, including adjusted EBITDA, non-GAAP earnings per share, NRS's rule of 40 score, and adjusted net cash provided by operating activities. Schedules provided in the IDT earnings release reconcile these non-GAAP measures to their nearest corresponding GAAP measures. Please note that the IDT earnings release is available on the investor relations page Thank you, Bill, and thanks to everyone on the call for joining us this evening.

IDT's fourth quarter tapped off a strong fiscal year, highlighted by accelerated top line and adjusted EBITDA growth. Our three high-margin growth segments, NRS, FinTech, and NetPhone, Each increased their respective quarterly and full year contributions, while our traditional communications segment generated more adjusted EBITDA in fiscal 2026 than it did in fiscal 2025 or 2024. At NRS, we continue to develop and deploy new high-value functionalities for our retailers, such as our recent Uber Eats integration following the GrubHub and DoorDash partnerships we announced last year. These advances are supplementing other tailwinds driving gains in merchant services revenues. Also, in the fourth quarter, advertising and data revenue returned to growth, bolstered by a recent acquisition. Taken together, these developments helped drive a 47% year-over-year increase in NRS's fourth quarter adjusted EBITDA. Looking ahead, we are working on several product initiatives to increase sales to our existing retailer base and to attract new retailers to the NRS network. Our Boss Money remittance business shares its brand identity, distribution networks, and addressable markets with our other Boss branded offerings. In recent years, we invested heavily to build and improve our Boss apps. That strategy is paying off as Boss Money continues to grow rapidly, thanks in part to the quality of our apps and our customer-centric service. At Boss Money, remittances surpassed the 30 million annual transaction run rate for the first time in May. Thanks to strong Mother's Day results in our digital channel. This channel contributes 88% of our total transaction volume in the fourth quarter, with transactions and revenue both increasing by 20% plus. We recently launched money transfers via our WhatsApp channel, and we closed the fiscal year by deploying a digital wallet here in the U.S. The wallet enables our customers to load funds Store Promotions, and Paper Services. In addition, the Boss Money app is extending its geographic reach, launching internationally with differentiated features by country, including peer-to-peer remittances, a stable coin-backed wallet with a reloadable debit card, and other money management tools. We are also launching a Boss Money branded rechargeable card with credit building features. All of these developments mark early steps towards a broader suite of Boss Money branded financial services and tools that we intend to offer globally. NetPhone delivered another solid quarter as we enhanced our cloud communications portfolio with both native and standalone AI solutions for businesses across the globe. Our authentic AI solutions, AI agent and coach, combined with our new integration layer, enables customers to connect their everyday business applications and workflow tools with NetPhone's suite of services. NetPhone's AI tools and applications are driving nearly every conversation with our clients. That process is delivering new logos and accelerating accretive sales. NetPhone is on track to surpass the $100 million ARR milestone in the current quarter, and we expect continued top-line expansion throughout fiscal 2027. Overall, IDT is well-positioned as we begin the new fiscal year, with accelerating top-line growth, increasing cash generation, and a debt-free balance sheet that affords us strategic flexibility. Now, Marcelo will discuss our financial results.