IDT Corporation (NYSE:IDT) Q4 2020 Earnings Conference Call - Final Transcript

Oct 01, 2020 • 05:30 pm ET

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IDT Corporation (NYSE:IDT) Q4 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good afternoon and welcome to the IDT Corporation's Fourth Quarter and Full Fiscal Year 2020 Earnings Call. In today's presentation, IDT's management will discuss IDT's financial and operational results for the three and 12-month periods ended July 31, 2020.

During 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. Jonas for questions-and-answers.

Any forward-looking statements made during this conference call either in the prepared remarks or in the question-and-answer session, 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 question-and-answer session, IDT's management may make reference to non-GAAP measures, including adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share. A schedule provided in the IDT's earnings release reconciles adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to the nearest corresponding GAAP measures. Please note that IDT earnings release is available on the Investor Relations page of the IDT Corporation website. The earnings release has also been filed on a Form 8-K with the SEC.

I will now turn the conference over to Mr. Jonas. Please go ahead.

Executive
Shmuel Jonas

Thank you very much, operator. And I apologize in advance if I my loose my place. I'm having a little printer issues, so I was unable to print the speech beforehand. Welcome to IDT's fourth quarter and full fiscal year 2020 earnings call, covering results for the three and 12 months ended July 31, 2020. I'm joined today on the call by Marcelo Fischer, IDT's Chief Financial Officer. For a more detailed report on our financial and operational results, please read our earnings release filed earlier today and our Form 10-K, which we expect to file with the SEC on October 14.

First off, I want to thank our teams worldwide who continue to do just a terrific job, despite the challenges of working from home as I can test [Phonetic]. In particular, I want to thank all our colleagues, distributors and retail partners who continue to support our customers under these very difficult circumstances. One thing I don't talk enough about is our customers. I want to take a moment to thank them for trusting us in this challenging time. Our business customers count on us every day to allow them to manage their businesses better both online and offline, to collaborate with their suppliers and to communicate with their partners and clients. Our BOSS Revolution customers count on us to keep in touch with their